QUOTES TO LIVE BY

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FG, STATES CONSIDERS NAIRA DEVALUATION ALTERNATIVES

The poor state of the country's economy is no news to anyone,
Nigerians want solutions, the Federal and State Governments are now putting heads together to figure out a way forward.

According to vanguard news,
The Federal Government and 36 states governors will soon hold a retreat to consider alternatives to devaluation of the naira.

Meanwhile, Governor Nasir el-Rufai of Kaduna State and his ogun State counterpart, Ibikunle Amosun, have supported the decision of the Federal Government against further devaluation of the naira.

The two governors also called on state governments to reduce the size of government and less dependence on income from the federation account, in order to survive the era of low oil price.

Speaking on the second day of The Economist Summit on Nigeria, the two governors said the sharp decline in oil revenue in the last two years had had severe impact on state governments, necessitating belt tightening measures and increased internal revenue generation.

The second day of  the summit, entitled, “Dawn of a New Era,” featured a keynote panel with Governors Amosun, El-Rufai and Umaru Tanko Al-Makura of Nasarawa  State discussing impacts of the drop in oil revenue on the states as well as policies needed to encourage increased investment and sustained growth On naira devaluation El-Rufai said: “In my life time, I have seen three rounds of devaluation of the currency but right now, I am against it. I have clearly not seen the benefits of devaluation to us. Is parallel market the only way to solve the scarcity problem? I don’t think so.  The only value of devaluation is the removal of corruption in the distribution system. “We will be having a retreat soon to look at other options other than the orthodox system of devaluation. We cannot continue to subsidise the elite. The elite did not vote us. On his part, Governor Ibikunle Amosun said: “I support President Muhammadu Buhari on the issue of devaluation. It is not good to devalue naira when we are still import dependent nation. Almost everything we import. So, let those who are importing source for dollar. We should have a secondary foreign exchange market, if you like call it parallel market.” States should reduce size of govt & increase IGR According to El-Rufai, “the Federal Government has been supportive but at the end of the day, the states must help themselves. The states must shrink their size of governments. “You cannot run a government that you cannot afford. You cannot exist as a government whose only function is to pay salaries of a very small percentage of the population. It is unjust “So state governments and the Federal Government must undergo significant belt tightening with a view to reducing cost and finding ways of enhancing revenue.” Need to review the constitution Governor Al-Makura of Nasarawa State stressed that there was need to amend the nation’s constitution so states could have power to make some economic decisions “He said: “Certain amount of power should be devoted to states to be able to take decisions. Government policies, both federal and states, are intended towards certain category of people. I believe in all-inclusive policy. Government should carry all deprived people along. Government should come strong on inclusiveness.” Governor El-Rufai also called for review of the constitution to allow state governments to be more involved in the mining sector. He said: “We need to amend the constitution to give greater freedom for mining. Agriculture is largely a state and local government matter. Constitution needs to be amended to have a true federalism.” CBN should reduce interest rate Governor El-Rufai also stressed the need for a low interest rate regime in the country, saying: “The biggest problem destroying the economy is the level of interest rate. With the level of interest rate, no one can borrow at 20 per cent and have real business. We must make policy decisions that will make interest rate to near zero. The CBN should either bring down interest rate or one day we will do it for you.” Measures to increase IGR and attract investments The three state governors also spoke on the efforts of their governments to increase internally generated revenue and attract private sector investments. Governor Amosun said: “In terms of diversification of the economy, we in Ogun State have started investing in the agricultural sector. If you look at our five cardinal programmes, we do not say we just want to implement an agricultural programme. What we are implementing is agriculture that will lead us to industrialization because gone are those days when you engaged in subsistence farming. “Now we are not just talking mechanized farming, but also farming that will take full advantage of the value chain that agriculture offers. And what do we mean by that? It means that whatever we grow, we must process; whatever we process, we must market once the products are ready. So, it involves a lot of things like the presentation, the packaging, marketing, etc.” Governor El-Rufai stated: “In addition to reducing cost, we have to increase revenue of the state through the collection of tax. Our hope is that we would be less dependent on the federation account. We need to attract the private sector. We have some companies that are interested to come to our state and we are doing everything possible to attract them. The action of paying tax is part of the citizens responsibility, and so we are widening the tax base.” On his part, Governor Al-Makura said: “We have opened up opportunity where women will access government support. In Nasarawa, we have deficiency in education but are working towards addressing that. “We are building markets where women will secure employment. We embarked on biometrics which enabled us reduce ghost workers.

Actions speaks louder than words

AMERICAN PRESIDENTAL RACE PRIMARIES

It looks like Donald trump is a now a strong contender in the white house race as it seems its going to be a battle between him and Hillary Clinton in the upcoming election.

The process to determine the fore  runners of the two major America's political parties is ongoing.

So far, primaries have been conducted for both parties in 25 states and Democratic party is led by Hillary Clinton. Bernie Sanders is the second favorite for the democrates so far.

The Rebublicans however have put Donald Trump at the fore front so far, is still an ongoing race though since several states are yet to decide between Trump and Ted Cruz.

I guess we ll have to see how it plays out in days to come.

FASHION TIPS DAILY

These special tips are for the ladies

1. CONFIDENCE
This always tops my list because confidence sells, you have to feel confident on the inside to be able to reflect beauty on the outside.
Confidence is contagious and it gets all the necessary attention.
So girl walk with your head held high and you are you are almost there.

BE YOU
Always go for what suits you,to feel confident,you have to be comfortable with what you are wearing. Dont leave the house looking funny just because its trendy,
if it feels wrong, it probably is.

I hope you find this useful as i bolt with one of my favourite quotes
"Always walk like you have an imaginary crown on your head".

NAIRA EXCHANGE RATE TODAY

What exactly is going on?

GLOBAL CRUDE OIL PRICES RISES TO $39 PER BARREL

This came as experts on the economy have cautioned the Federal Government to be frugal with the revenue accruing from the rise in oil price, so as to steer the country from the current economic downturn. The price of Brent crude, the global oil benchmark, rose to an all-year high of $39.50 on yesterday, from $27.10 on January 20, the lowest for Brent in 2016. The price of Nigeria’s crude has not been quoted by the Central Bank of Nigeria (CBN), but sources say the price may surge to the budget benchmark region of $38. Nigeria’s 2016 budget was benchmarked at $38 per barrel against major criticism across the nation, following December 2015 prices of about $34 per barrel.

Vangard reportage

Seems there might be hope afterall

FASHION NEWS FROM THE AMVCA RED CARPET

It was all about Glitz and Glamour over the last weekend as Africa’s biggest movies award show (AMVCA) took place at the prestigious Eko Hotels and Suites, Lagos Nigeria.

Celebrities from all over the continent graced the red carpet with all shades of looks. We had the Slayers, the good and the horrors.

Stay tuned;

THE SLAYERS

RITA DOMINIC: This Screen Goddess/fashion icon is top of the list.

She spotted a green number which was refreshing to see on the red carpet, perfect for her skin tone and perfectly tailored.

Honey you just earned your self a “GOLD ”star!

MERCY AIGHE GENTRY: This lady is one to watch, she knew exactly what she came for and she gave us true glamour. Congratulations… “GOLD” star!

OSAS:  Osas gave me joy. With the body of a Goddess, one would expect her to go with the regular figure hugging dresses but she came with the surprise factor, you outdid yourself girl. That’s a statement gown right there and you allowed it to speak volumes with as minimum jewelries as possible

“GOLD” star!

RUKKY SANDA: You pulled a nicki on us, I honestly didn’t recognize you at first and honey you ve never looked better. Them razz wigs has to stop.

Perfection H to T

“GOLD” star!

THE GOOD

GENEVIEVE NNAJI: Girl can do no wrong in my book but this particular dress honey… it didn’t cut it.

Theres too much expectation  and you just played it safe. This dress on an average actress would be a Gold star but you are the biggest Actress in Africa with amazing stylists lining up to dress you so we expect “MOVIE STAR”

Hair and dress colour didn’t help either, a lil bit of a let down but still classy.

No fine for you today but “YOU CAN DO BETTER”

FUNKE AKINDELE: Jenifa is one of those who brings it on the carpet, this particular look though, I cant quite place my fingers on what exactly is wrong. Don’t get me wrong this is not a bad dress, its just hurtful to the eyes at first glance.

“YOU CAN DO BETTER HUN”

STEPHANIE LINUS: Am prolly gonna be a lil biased here lol

I think she looked good, I didn’t love the look but its fine.

Nice post preggy body btw… "YOU CAN DO BETTER"

INI EDO: Contrary to the negative outrage, I actually like this dress. I believe you looked better live, these pictures didn’t do you any favours.  I remember telling the person next to me that Ini finally got it right at first glance only for her to pull a 360 and I wasn’t so sure anymore, I felt this instant urge to rip off that unnecessarily long  rumpled tail. Hair and makeup were spot on so I let you off with a lil fine.

“YOU CAN DO BETTER”

KEHINDE BANKOLE: Originality girl! Why did you feel the need to use a Yaba Tailor to recreate a high fashion dress? You gave us something to compare too and we had a field day. With that body of yours, all you need is a good stylist to pick a bunch of sexy dresses for to pick from.

I ll let you off with a “FINE” this time

OMONI OBOLI: I think you looked good in this black and white number.  No fine for you.

HORROR:

KATE HENSHAW: One word... TACKY 

Enjoy your time in "JAIL"

IBINABO: I have no problem with you trying to be Madonna/Gaga but darling, pick the right event.

Wrong Outfit, Wrong Event. You just earned yourself time behind bars for subjecting the innocent fashion world through this horror.

     “JAILED”

EKU EDEWOR: Darling you are here because you don’t have a stylist.  What in God’s name are you wearing? I think your body is perfect and the easiest to style cos most of these gorgeous dresses are made for them skinny ladies, So why? Why cant you give Nigerian ladies a reason to visit the gym and stop offering you burger…  I hope you don’t loose more weight in this fashion prison.

“JAILED”

EBUBE NWAGBO: It hurts me personally to find you down here, I bet you didn’t get the Memo.

But like they say, Ignorance is no excuse,

“JAILED”