NewStats: 3,263,952 , 8,182,061 topics. Date: Monday, 09 June 2025 at 01:38 AM 3q5u60

Tomide12:

So I've been hearing a lot about this app called MAXGo and i thought i'd give it a shot. The app which is similar to Uber, Taxify and Oga taxi but For PowerBikes, allows you request a power bike to come pick you up and drop you off at your location. Unlike Uber though, the riders are trained and certified by MAXGo. I was initially skeptical about it, but after i was stuck in traffic around law school in V.I, i just thought i should give it a try.

Besides you get some money in your app wallet when you the app, so your first ride is practically free.

I was pleasantly surprised at how effective the app was and the ride was actually cheaper than Okada, plus it's a Powerbike and i also got a helmet which is something i have always wanted with Bikes.

I got to work in Lekki in less than 15 minutes (thank GOD cos i may just have been fired if not) and the rider was very nice and pleasant. All in all, i was impressed.

Now where it gets interesting is these guys have a very mouth-watering referral system and if you get a couple of people to and use your referral codes, your rides will be practically free. This is asides the 100 Naira they give to everyone on sign up.

I think it's a cool app with some really cool incentives -> www.max.ng/go

The game might just be changing for UBER and Taxify as they now have some interesting competition.

www.max.ng/go

though this sounds dangerous, i think I just might solve a problem in Lagos.I jokingly suggested this to some colleagues a few days ago. Didn't know someone had already come up with the idea...kudos!

fiizznation:
[b] Funny clowns. Boycott the 2019, who cares? You 'restructure whiners' or whatever you called yourselves are funny and you think you are smart. When your silly incompetent brother was the president, you didn't shout restructure because the status-quo at that time was very good, you clowns benefited from it. The north was shortchanged and nobody said anything about the gentleman's agreement in place(a northerner completing yar'adua's term), instead we saw how you hypocrites ed the incompetent man in 2011. Nobody never forgets. Even when that old ugly man(obasanjo) was the president, nobody from the south said anything about restructuring, and now everybody thinks they are smart. Atiku can say whatever he wants and tell you whatever you guys wanna hear, but an average northerner knows why Atiku is screaming about 'restructuring'. And that man(atiku) is not influential here, he and his words don't influence anybody in the north.

Nigeria WON'T be restructured, and you fellas can do you worse. If you want a restructured Nigeria, then you have to wait when you are the majority in the NA.


And if Nigeria should be restructured, it will definitely be at our , that's when we feel like doing so. You can't blackmail the north with your silly threats. We know were we stand and we know why ya' hypocrites are shouting 'restructure Nigeria'. [/b]

You should be more objective with your arguments...you really haven't made any vital point in all you said. Restructuring is actually the way if we want progress. It would stimulate healthy competition and cooperation between regions...look back in history and compare Nigeria when we had geo-poItical zones to what we have now as states with so much power concentrated at the center.

20,000 per head.
At the camp.
The redeem camp can hold more than 500k people at once.
Do the math and see what he is trying to say.
I'd rather go learn it in a proprt institution and not a church.
My opinion anyway.
It's a church.
Stay away from business that can bring ridicule to the name of God...

Papikush:
Nigeria cannot be better with idiots like freeze running around.

A church brought up a youth empowerment program to help the youths get handy but here he is criticizing like there has been anything he had done for his society.

If you don't have the money then ignore such programs and keep wallowing in ignorance and stupidity. Only idiots will this fool.

OP: if you can afford it, leave the mowe property and get one in ikorodu. Don't trust all you read online. I stayed more than 5 yrs in ikorodu. Any one who says contrary hasn't been to ikorodu in the pasy 2 yrs or so. The amount of infrastructure there right now is better than you can get on mowe axis for years to come. It's obvious ogun state government has no plans for move, ibafo axi which shows it would take awhile for meaningful development to reach the area. Take a drive around ikorodu and see the massive influx of people in there. The road network is much better. Ferry services are avialable. Like someone mentioned, there is crime everywhere in Lagos. Also, note crime in ikorodu is restricted to some particular zones. Avoid those zones if you can. Ikorodu is quite big. Some area are as good as lekki. Some aren't. I'd advice you take a Sunday morning drive when the roads are free. Go int through ebute and drive around. Ikorodu is a lovely place...

These are the type of comments one hopes to read on nairaland these days...

whirlwind7:
Nigeria isn't a country in the true meaning of the word.

Its just a convenient political entity to create wealth for the very few people who are privileged to have political power.
Over 70% of the country's wealth is channelled at sustaining and maintaining this political class. If you guys think there's going to be any shift in the welfare and developmental index of Nigeria with the present system of sham government in practice here, then you guys deserve all the suffering coming to you.

The present system of government hasn't worked for 50 years, and voting an ancient relic devoid of economic ideas into power has made it much worse.

The former CBN Governor and Emir of Kano HRH Sanusi Lamido Sanusi gave a lengthy speech at the at the 15th meeting of the t Planning Board and National Council on Development Planning. The speech was delivered from a paper entitled “Nigeria In Search Of New Growth model” and was also Published on Nairametrics.

From an article of over 10,000 words, we decided to summarize key highlights of the speech.

On focussing less on commodities

You can’t have improving of trade when you are exporting commodities over short periods of a cycle. But, we know as far back as the 1950s, from the Latin American structure economics, that over the long term, any economy that specialises in exporting primary products and importing manufactures would end up having of trade shifting against it. You can have a temporary boost, but If you don’t use that boost to have a structural adjustment that would make for prudent management of the economy, you would be courting trouble.

Non-commodity Africa will be the fastest growing part of the world, even higher than emerging Asia, whereas commodities Africa (countries like Nigeria and Angola) are among the lowest growing parts of the world, at the rate of Europe and Latin America. And we can’t explain why.

On debt driven growth

Between 2002 and 2008, the levels of debt to GDP (gross domestic product) in African countries and what they became after the Paris Club, HIPC debt reliefs and so on. Nigeria was at 50 per cent debt to GDP and came down to literally 5 per cent or so.

This happened across all Africa in the form of debt forgiveness, debt relief, debt restructuring and so on. What this did was that it freed up government balance sheets and in that decade of Africa rising, the countries went back on a borrowing binge.

Nigeria kept borrowing, not externally, but internally. I think our external debt was just about $8 billion on the balance sheet. But, the Naira indebtedness of the Nigerian government, we were spending over 30 per cent (maybe 40 per cent now) of every Naira earned just servicing debts.

That’s what you have. Nobody was noticing it. We have written off the debts, and then we kept building it up bit by bit. And when you look at where that debt was going into, you will see why, or part of the answer to the problem we are having.

So, we have these two pillars – rising commodities prices, and we monetise oil revenue, we will be able spend money. We were able to borrow because the balance sheets could accommodate more debts.

Where did all these debts go? Did it go to roads, power, refineries, or infrastructure? No. The new borrowings were simply recycled into much higher recurrent expenditures. What that did was that it helped sustain a consumption boom. And GDP was growing, largely driven by consumption spending.

On allocating forex to the Manufacturing sector

Let me ask you Commissioner, you are a manufacturer, you are able to secure $10 million from the Central Bank to import raw materials and produce goods, you spend N2 billion to get $10 million, and somebody says to you: “Listen, I will pay you N3 billion for this $10 million, so that you make a profit of 50 per cent for just doing nothing. Just buy the dollars and sell.”

Your option is to buy raw materials, establish a letter of credit, import raw materials, maintain generators, buy diesel, pay labour, produce your goods, take the risk you may not sell at a profit, transport it, or to make a profit margin of 10 per cent over a 120 term period, what would be your choice?

On CBN’s demand management

But, we did not call it recession. We called it demand management. People were using words they did not understand. You want to manage demand? Fine. You will manage demand for industrial raw materials, you are also managing industrial output. You manage demand into inputs to services and manage down service outputs. The result we have was the result that we were always going to get with sets of policies we put in place. And we don’t realise that we made those mistakes. I am glad it seems we have. But, we need to just come out and come clean. That is the best way. We have taken a few wrong steps. It was all done in good faith. We genuinely wanted help the poor people, that’s why we made those mistakes. Now, we are retracing our steps. Now we begin to talk.

On taxing non oil revenue

Our non-oil revenue is not rising fast enough. We talk about taxation, but there is a limit to how much you can tax a man who is not able to eat. And also, there is a limit to how much you can continue borrowing in Naira. You know, we play with these numbers. When I was in the Central Bank, we say: “Oh! You know, our debt to GDP ratio was 25%, therefore it is nothing to worry about. It is not up to 70%. Your debt to GDP ratio is 20%, and you spend 30% of your revenue servicing debt. What does that tell you?

70% of your GDP does not generate government revenue. Agriculture is about 35%. How much tax does it pay? Wholesale and retail trade, how much tax does it pay? You have a GDP where the tax is coming from the oil sector and telecom’s. That’s your government revenue base. And those sectors constitute maybe 30% of GDP. So, for all intents and purposes, gentlemen, if your debt to GDP ratio is 30%, and only 30% of your GDP is generating revenue, you are at 100%, until you broaden your tax base.

On Nigerian Judiciary threatening investments

Now, power companies are here trying to invest, negotiating. And what did we hear? One day some judge in a court sits down and says reverse the tariffs. I am here talking to someone in New York who cannot understand that a government can issue a power privatization plan; that investors can come in; that there is a regulator for power; that they looked at the numbers, looked at the cost of power, looked at what is cost recovery, agree on a tariff, announce that tariff, they bring in their money to invest on the basis of that and a court in the same country says this is illegal.

On Lagos as the most important state

Lagos has done very well. If I have money to invest, I will invest it in Lagos, because it is attracting investment. Lagos has realized a long time ago that the government cannot fund all it needs. And I just love what Lagos has done. The Lagos story is a story of what Nigeria can do with itself – transparency, consistency, regulations – and people can be rich. There is no problem if people can be rich while growing an economy. Nobody minds. But, in Nigeria people become rich when people are dying. Let’s take the Lagos story, and that’s why today Lagos state is 30% Nigerian non-oil GDP, and Lagos can do without oil.

Lagos can do without the rest of this country. So, we must not let Lagos go.

This country is better off with Lagos than with the Niger Delta. Let’s not make that mistake. We should be together as a country. Every part of the country is important. But, let us not be so obsessed by a resource, because we have had the commodity driven model, and we are blind to the potentials of an alternative model.

On Perception management

These things don’t just work on fundamentals. I was in the Central Bank, the markets works on the basis of confidence and perception. There was a time speculators started hitting the market when I was with the Central Bank. The Kenyan Shilling got hit and got divided by 25%. Ghana got hit by 30%. South Africa got hit and they started heading towards Nigeria. And I called an emergency monetary policy committee meeting jerked up the monetary policy rate (MPR) by 200 basis points, jacked up CRR (cash reserve ratio) by 400 basis points and declared that I will defend the currency. I didn’t have the money to defend the currency, but everybody believed me and they left me alone. The market works based on confidence. By the time you have taken over one bank, fire one bank MD, they will believe you when you make a threat. I made many threats as governor of the Central Bank that I never carried out. If banks messed up, I will say, I will remove you, and because I have removed bank MDs, they will say sorry sir. They fell in line. So, if you are going on a flexible exchange rate, have the nerves. You have produced a fantastic document, stick to it. You can’t be any worse than you were. You are in a recession anyway, so you are trying something different. So, try it and try it properly.

On why CBN is right to increase interests rates

Real interest rates: Again, Central Bank has raised it and people have been attacking the Central Bank for raising the rates. Why? It’s not just about inflation. It is about stabilizing the currency, because the truth is that where we are today, the only way we are going to reverse this recession is to increase liquidity in the foreign exchange markets and reduce the gap between the official rate and the parallel market rate.And this is what I think the Central Bank needs to keep doing.

A flexible exchange rate regime and a positive real interest rate will combine to bridge that gap. Bring in the dollars that we need to finance imports, and those imports of raw materials are the things that will increase production, and that production is what will lead to growth.

ON TSA and Banks

On the treasury single (TSA), they should just realize the difference between the dollars balance sheets and the Naira balance sheets, because I have seen this whole thing about banks being banned from foreign exchange markets for dollar TSA. The Naira balance sheets of banks is highly diversified. The government deposits may be 20% of deposits. Banks are financial intermediaries. They engage in what is called maturity transformation. They borrow money short term and loan for long term on their Naira balance sheets. They have this money coming every day – current s, savings and deposits. If you tell them to pay off government deposits, they pay off and send marketers out and raise money.

On the dollar balance sheets, Nigeria only raise dollar on oil sales. The IOCs (international oil companies) have their money in international banks. NNPC is the only provider of dollar money, and they have lent out that money. If you apply the same rules on the Naira balance sheet and dollar balance sheets, without looking at concentration risk, you bring the banks down. They have lent out these dollars. Look at the maturity of their assets. Give them time to pay back these dollars. For them to pay back these dollars, they have to find dollars elsewhere. Where are they going to find? Who is the other exporter, apart from oil. What do we export in Nigeria?

And that is the point. So, they need to be very careful. So long as you know where the money is, give them the time to sort out their assets and pay back. Don’t precipitate a banking crisis and this idea of banning banks from foreign exchange market.

In the history of this country, and Dr. Shamsudeen Usman knows that, very few banks have ever survived after being banned from foreign exchange markets, because banks has lent money to customers who depend on import to produce. If banks can’t buy dollars for those customers, they can’t produce. They can’t pay back their debts. You build up non-performing loans. So, let us think through the consequences of some of these decisions that we take. But, apart from that, I am extremely ive. I think the Central Bank is doing the right thing, and I think we should encourage them. I think the government should be given credit to say we are going to retrace our steps.

On Trade with China

I wrote an article in the Financial Times in London in which I criticized China’s relationship with Africa. It was very controversial. I don’t know if you read it. But, if you google it, you will see it. Now, look at this. These are our trade with China. We are all importing from China. Those that export to China are exporting oil or solid minerals. China’s interest in Africa is not our development. America’s interest in Africa is not our development. Europe interest in Africa is not our developments. China’s interest is China’s developments. Likewise America and Europe. Please our government! Our interest should be Nigeria’s development.

If the Chinese are going to come back and set up textile factories in Nigeria and buy cotton from our farmers and employ Nigerian workers and produce these textiles and sell to us, they are welcome. If they are going to produce textiles in Shanghai. Subsidize them. Bring them here. Bribe our Customs Officers. Come to our markets and destroy our industries, we have to say no sir!

If China is lending us money, and we are going to pay back that money to import equipment from China, we should please check that those equipment are properly and transparently priced; that we cannot get them cheaper from another part of the world; and that they are of high quality. This idea that am lending you $1billion to buy rice mills from me, which you can get at half the price elsewhere, you have already paid interest of 100%. If you don’t know it, the price is not a cheap loan.

Finally, on what needs to be done

So, set excess rate to intensify inflows, eliminate subsidies, that has been done. Now, address failures in the power sector value chain, starting with the DISCOs, digitize state, land registries, prioritise public spending towards investment and protect infant industries.

Anybody who tells you not to protect your industries is deceiving you. Create a level playing field between the infant industries and the big ones. I am not saying go and protect everything, but they must be a way of ensuring through power, infrastructure, industrial plasters, research and technology, technical and vocational education and through appropriate trade and tariff policies that critical policies are incubated before they are allowed to go out on the streets.


SOURCE: http://nairametrics.com/key-highlights-of-sanusis-recession-speech-nigeria-in-search-of-new-growth-model/

owobokiri:
They are increasing tarrrifs in order to generate enough cash for a government that only knows how to throw more money at national problems. Custom tarrif increases are part of the major reason why we are dealing with skyrocketing inflation today. A significant segment of the wokforce is now idle. On the surface, the argeument that this policy helps local production sounds sexy enough, yet the fact remains that there is an alarming low capacity for sophisticated local production at the moment. Essentially people dont depend on imported products because they just have extravagant taste, people do so because they are left with little choices.

This invariably means that the more the cost of imported products skyrocket because of scarce forex and high import tarrifs, the more people go hungry as the majority struggle to purchase essential basics. . This rudderless government should stop treating businessmen like criminals. Importers are not economic terrorists.., they are active citizens trying their best to make ends meet by filling a void created by both ineffective government policies and crass istrative failures on the part of successive governments!

Very well put...

Well, sorry about that... I had a funny similar experience sometimes last year.I cant the name now.
posed as a car specialist. only to realize he is just a hustler who acts as a middle man and then adds his own gain.
He ended up taking my car to a workshop where i know very well and inflated the cost of fixing the error by more than 100%.
Its not good for the reputation of real business owners on this Forum.
not good at all...

I see about 3hours of light every 4 days. As in, they bring from 4am to 7am one days and you wait another 4 days to see another 3 hours. Been so in my area in shomolu for weeks now.

brainpower:
These cars aren't really that expensive, I wish the car companies that make electric cars should more in Nigeria. We need more cars like this, it saves cost and helps the environment. But Nigerians will always prefer Lexus 570 to prove you are a big boy. It is well. Hope he achieves what he told us about the cars.

You are right.
but you al,so need to note the lexus 570 will last longer than the kia.
if you lived in lagos for example,you would rather drive an SUV than a Kia.
you would prefer a toyota self.

secondly,the KIa cost Base MSRP: $34500.
convert that to naira and see how many used cars you would have gotten.

The car is good but how many people can afford to buy and maintain it in this part of the world?

fantastic!!! very eye opening topic for this intending to do same...shows you can build anywhere as long as you can afford it and do it right.

APPRECIATE BRO

femicousim:


you may reach them on 08055518883, 08108444423

HELLO.
i can see this an old thread but can you recommend where you fixed your Acura for others with the same issue?
Thanks in advance.

yes pls...

sholaadetude:

S: This person is a scammer. Nigeria Customs doesn't auction cars online.

segcymoor:
Reinforcement work in progress! Update shortly

OMO,this person mean business ooo...he get money on ground and it has helped the project.
whole thing is taking shape.
great job!!!
whats the entire budget of the project if you would pls share?

blemon44:
what is Fasola doing about it?

Eko ni baje

Them say na federal road so him fold hands dae look...

lovely job you doing here bro...am very impressed.

ARMY GREEN ACCORD COUPE.

LEATHER INTERIOR.

ALLOY RIMS.

COOLING A/C

IN PERFECT WORKING CONDTION.

I IMPORTED IT MYSELF FROM THE US AND IT HAS THE CLEAN TITLE.

SELLING BECAUSE I HAVE ANOTHER AND HAVE RARELY USED IT SINCE BUYING.

ASKING PRICE IS #500,000

call 07083116215 for inspection.car is located on Lagos mainland.

ARMY GREEN ACCORD COUPE.

LEATHER INTERIOR.

V6 ENGINE.

ALLOY RIMS.

COOLING A/C

IN PERFECT WORKING CONDITION.

I IMPORTED IT MYSELF FROM THE US AND IT HAS THE CLEAN TITLE.

SELLING BECAUSE I HAVE ANOTHER AND HAVE RARELY USED IT SINCE BUYING.

ASKING PRICE IS 500,000 ONLY.

SLIGHTLY NEGOTIABLE.

call 07083116215 for inspection.car is located on Lagos mainland.

ARMY GREEN ACCORD COUPE.
LEATHER INTERIOR.
ALLOY RIMS.
COOLING A/C
IN PERFECT WORKING CONDTION.
I IMPORTED IT MYSELF FROM THE US AND IT HAS THE CLEAN TITLE.
SELLING BECAUSE I HAVE ANOTHER AND HAVE RARELY USED IT SINCE BUYING.

asking price: naira 550,000.
call 07083116215 for inspection.
car is located on Lagos mainland.

motivation to finish the food...chikena.

I have only one question...DOES NYSC NOW GENERATE ITS OWN INTERNAL REVENUEi thought it was a federal government parastatal with a budget. Why not include it in their budget
no excuse can be given in my own opinion...

You mean they still live like this? Hear about this tribe first time more than 10years ago now...wow
I thought some Nigerian missionaries were helping them

hi @@segcy
wonderful job you are doing...your thread has been most helpful and resourceful beyond what you can imagine yourself.we appreciate you.,
quick one,the fencing...does it have a concrete base?i have checked the pictures and cant see it.
pls enlighten.
regards.

Both cars still avialable and prices negotiable...
pls call for more info.
regards.

honda accord still available...price negotiable...

wise_many2k: I ain't sympathetic to any political party but we should stop politicising everything. Why single out only 1 section? Please show pictures of the same stretch of road under construction from Mile 2 to cele b/stop.

Yes, it is true that the federal govt took a long time before taking action on that road but they have started work already...

So my ppl, be patient and allow government do their work.

[size=18pt]@OP and everyone viewing this thread, if u know you haven't urinated on that road, spewed out saliva or catarrh on that road, or threw satchet of water, biscuit, gala etc & empty bottle of lacasera, coke, or water on that road, then cast the 1st stone on the federal govt.[/size] We all (Lagosians) are guilty in 1 way or the order for the deplorable state of that road

Patient for how long? I have worked on that axis for 3 years...

Will send now, @ grateful heart.

Both cars are clean title.
I advice physical inspection to confirm everything.
Cars are in isolo lagos.
Call for inspection

Honda accord, 08,black, 2.350,000. Leather.


Honda accord, 08, ash, 2m. Fabric.

Call 08173700745.

Both cars located in lagos.
Just call for inspection and more pictures.

Regards.

price bro...