Tag: buy

  • Pauperise and buy

    The monetized, Ekiti State, elections is a warning signal that those who will win the 2019 general elections may be those with the deepest purses. In a manner of speaking, it will be money for hand, thumbprint for party. Of course, there is no controversy that money-for-vote played a significant role in the Ekiti elections. What is disputed is who started it and to what extent the outcome of the elections was affected by the money-for-vote harvest.

    While the ruling party in the state, the Peoples Democratic Party (PDP) is claiming that they lost to a federally backed money-for-vote harvester, the winner of the Ekiti election, the All Progressive Congress (APC), reminds the PDP that it started that gambit well in advance through the infamous stomach infrastructure, of the departing Ayo Fayose-led government. Regardless of who started it, the bottom line is that vote buying has added to the other tragedies that make our elections more of a farce.

    For this column, the tragedy of the money-for-vote syndrome is that it is a double whammy for Nigerians. As cynical as it may sound, considering that the cost of the vote is determined by the forces of demand and supply, the retail vote sellers are not likely to get any serious value for their ware because the buyers know that they are poor, hungry and desperate. Because of their desperation, they buy their votes for peanuts.

    So, the people who sell their votes at the retail end, being so poor, sell so cheaply. These grades of sellers are different from the intermediaries or the wholesalers, who receive humongous sums to deliver the votes from their respective communities. A recent example is the revelations of how PDP kingpins received humongous sums from the former National Security Adviser, Col. Sambo Dasuki, to deliver votes in the 2015 elections. In some cases, the votes are manufactured, in which case the wholesaler gives the community members nothing.

    The other whammy is that the people are made poorer because of poor governance. Whether the money is out-rightly stolen or mismanaged because of incompetence, the story is substantially the same across the country. So, before the next election cycle comes around, the officials at the local, state or federal levels, having paid for votes, help themselves from the common resources, as much as they can, thereby compounding the poverty level. Pauperised and traumatised, the votes get cheaper.

    As reported recently, Nigeria has slipped further down the poverty index, overtaking India, as the nation with the highest concentration of the poorest of the poor in the world. With poor governance the order of the day, it is likely we will continue the drift further down the road. With more people made poorer by the day, those who could ask question from those who buy cheap continues to decrease.

    With the number of the poor continuously increasing, the bargaining power of the retail sellers of votes will continue to go down. So, the more they are pauperized the cheaper they sell, and the cheaper they sell, the more likely they elect inefficient government, and the more inefficient government they elect, the poorer the governance standard, and the poorer the governance standard, the poorer the poor will become. As basic as these reasoning may sound, in reality, this cycle has been the bane of our country for many decades now.

    And the biggest tragedy is that there are no signs that things will get better soon. Most public officials, still leave the false lifestyle of the past, when things were relatively better. For instance, in the states with the lowest income per capita, the state executives still live large. They still drive around in large convoys, engage in gigantic white elephant projects, and employ retinue of assistants who add no value to the system. Of course, they still heft home, the so called security vote.

    The northern part of the country which is worse hit still behaves as if all is well, because money comes cheaply from Abuja, every month. They have not paused to ask themselves how sustainable the present system is, with all the agitations for change. Except in one or two states, the governors of these states have not realised the urgent need to declare a state of emergency in education to liberate their people. Some of their leaders, unfortunately, still prefer to push those false cultural and religious precepts that have held the region down.

    In the absence of any serious local economy, many northern leaders believe that the solution to the regions’ problems lie in retaining power at the federal level for as long as possible. While such measure could get them some breather, common sense should dictate that unless they use the temporal opportunities it provides, to develop an alternate economy, the retention of power in a dwindling economy cannot solve the increasing challenge from a bourgeoning population, especially of the young strata. With the population increasing at geometric proportion, while the economy is sluggish, as reports from national and multi-lateral agencies have indicted, the nation is sitting on a keg of gun powder.

    To make matters worse, armed banditry, cattle rustlers, internal wars and sundry criminalities have become the lot of many states in the north. Of course, those fall outs are the result of decades of mismanagement across board. But the biggest tragedy, is that even the present state actors are yet to come to terms with these challenges, talk less of proffering solutions to the problems. They still think that dominating power at the federal level, and consequently being in charge of the sharing of the oil resources from the Niger Delta, will suffice to deal with the challenges.

    Unfortunately, the Muhammadu Buhari’s presidency, which holds the best chance to change things, because the ordinary people, particularly in the northern part of the country trust it, is bogged down by charges of ethnicity and poor vision. They are accused of ethnic bias; instead of seeking the best hands, to help our dear country in a time of unprecedented distress. Amidst the general discontentment, the nation drifts. Last week, something as basic as traffic management in Lagos State, required the intervention of the vice president. Now, with 2019 in sight, all energy is devoted towards winning the next general election.

    But, if money-for-vote, will be the model for the 2019 elections, then the Buhari government is in a quandary, considering that integrity and anti-corruption, is its main mantra. When elections are determined by the level of monetary inducement a party is willing to muster right there at the polling booths, will the government not be tempted to harness state resources to buy a second term in office? If the government falls into that tempting strategy, would there be any redeeming feature left, for the talakawas, who incidentally are the majority, especially in the northern part of Nigeria?

  • Who buy those stoves?

    Hardball took an astral trip back to those giddy old days of rulers in khaki when military administrators were overlords in our various states. Milads they were known as, they went about, all sorts, all characters, the only smart thing about most of them was their starched uniforms. They would strut about, pretending to govern, barking out instructions to bloody civilians and trying hard to be ‘action governors’. You dared not share a thought with them. Power corrupts but power in a soldier’s hands corrupts murderously, to re-jig that famous saying.

    This is how come one Milad of those days was inspecting a new flyover bridge and on getting to the scene, so displeased was he with the quality of work done, that he was reputed to have hollered: “who build this gada that is doing gbigi gbigi in my leg; no kobo for you?!

    Hardball is now moved to scream: “who buy that N12, 000 Eco-stove; how much food village woman dey cook with this kind stove?!

    You must have heard about the N9.2 billion the Federal Executive Council (FEC) approved for the purchase of ecostoves at its meeting of late November. The matter struck like a thunder out of the blue; if the matter ever came up before that day, not many Nigerians may have heard about it. We just got the bombshell – 175,000 clean cookstoves are to be imported for onward distribution to Nigeria’s rural women.

    Wow, the long-forgotten rustic womenfolk are in for a good time. Pray, by what alchemy did this modern wonder come about? Which genius or would it be a wizard dreamed this scheme up and ensured its execution via the speed of light. Hardball was almost going to break into the song: come and see Nigerian wonder, come and see Nigerian wonder. Just when you think you have seen it all, our government simply reinvents itself and reaches more obdurate limits.

    Just the week before this FEC meeting, the Minister of Finance and Coordinating Minister of the Economy had most solemnly announced to Nigerians that the economy is so gloomy that some austerity measures had become imperative. There was need to immediately cut all the fat about the government, we were told one bright morning. No more overseas junkets for public officials in the name of training and seminars for instance. Those who acquire and enjoy the good things of life would have to pay a penalty by being levied heavy taxes. It is even suspected that the complete removal of that phantom petrol ‘subsidy’ would follow if not now, after the 2015 polls.

    Now in the midst of all these economic strictures and pains we awaken another week to be confronted by a nine billion naira caper. Oil prices are crashing and our currency is equally off its hinges; our reserves are depleting with barely enough to take us through three months of our ravenous purchases. Yet we can afford nine billion naira to throw around?

    Who are these rural women that we love so much that if they do not get these stoves immediately they would become extinct? Of what significance are 750,000 out of no fewer than 25 million rural women? Or what really is the purpose of this wonder policy? Nigerian rural women have been long deprived and abandoned and cannot even afford a good meal a day.

    Say, was our Finance Minister, Ngozi Okonjo-Iweala, at that meeting where this decision was taken?

  • Mars to buy P&G pet food brands for $2.9b

    Mars Inc, the closely held maker of M&M’s candies and Uncle Ben’s rice, agreed to buy three Procter & Gamble Company pet-food brands for $2.9 billion, cementing its lead in the industry.

    The transaction, which excludes the brands’ businesses in some markets, mainly in Europe, will be completed in the second half of the year, the companies stated yesterday in a statement.

    The acquisition gives Mars the Iams, Eukanuba and Natura lines to add to its Pedigree, Whiskas and Royal Canin brands. McLean, Virginia-based Mars was the largest global pet-food seller in 2012, with 23.4 per cent of the market, compared with 23.1 per cent for Purina owner Nestle SA (NESN), according to researcher Euromonitor International.

    “It gives them size in a potentially attractive market,” Ali Dibadj, an analyst at Sanford C. Bernstein & Co. in New York, said in an interview. “They just have to decide to invest back in the business.”

    P&G said it will restate its results to reduce fiscal 2013 earnings per share by 3 cents and cut 2014 earnings by 4 cents. The sale won’t affect P&G’s forecast for profit growth in its fiscal 2014, which runs through June, and won’t have a material effect on fiscal 2015 results. Cash from the sale will be used for general corporate purposes, the company said.

    Mars Inc, based in McLean, Virginia, is the closely held maker of M&Ms candies and Uncle Ben’s rice. P&G, based in Cincinnati, rose 0.2 percent to $81.49 at the close in New York. The shares are little changed this year.

    Bloomberg reported that AG Lafley, who returned as P&G’s chief executive officer last year, has been working to cut costs and evaluate the company’s units for potential divestitures. Analysts and investors considered Iams, which P&G bought in 1999, a natural candidate. The business hasn’t been a good one for P&G, said Dibadj, who recommends buying P&G shares.

    “I wish they’d never bought this thing,” he said yesterday. “They’re unraveling some of their mistakes, and this potentially was one.”

    While Mars didn’t want the brands’ European business, it has an option to buy operations in remaining markets in Asia and Africa, said Paul Fox, a P&G spokesman.

    “We will actively pursue the sale of our pet-care business in Europe,” Fox said. He declined to say whether the company has received interest in the units or whether it already is in talks with potential suitors.

    A sale may help P&G as the stronger dollar weighs on international revenue at the same time that it’s working to regain market share in key categories. The company in January lowered its forecast for profit and sales growth this year because of currency exchange-rate fluctuations and policy changes in Venezuela. That move followed second-quarter earnings that topped analysts’ estimates.

    Lafley’s second tenure came with high expectations. In his first round as CEO, he oversaw the $57 billion acquisition of Gillette Co., expanded P&G’s overseas presence and presided over the introduction of successful new products, such as the Swiffer cleaner.

    “It’s good to see that he’s being active,” Jack Russo, an analyst at Edward Jones & Co. in St. Louis, said of the pet-food sale. “This company is so big, sometimes the best way to grow it is to shrink it first.”

     

  • ‘I‘m careful of what, where I buy‘

    ‘I‘m careful of what, where I buy‘

    The Head, Lagos Office, Consumer Protection Commission (CPC), Mr Tam Tamunokonbia, speaks with TONIA ‘DIYAN on his choice of shopping places, fear for online stores and advice to consumers.

    Where do you buy from?

    There are some supermarkets and shops that get their products directly from manufacturers. Therefore, I feel comfortable buying from such places because I am sure of what I am buying and one can hardly find fake items in such places.

    How careful are you when making buying decisions?

    I am careful of what I buy and where I buy from. I only go to retailers who get supplies directly from the manufacturers. There is a neighbourhood store close to where I live and I happen to see company vehicles making regular deliveries to them. I patronise them because I know they stock original items.

    How has the way people buy transformed in Nigeria?

    The way people buy has greatly transformed especially with places like Shoprite and other Mega Stores where people visit for sightseeing and family picnics to purchase items and so on. However, majority still buy from neighbourhood organised stores. That is why at CPC, we encourage stores to sell original products, not expired or off the shelf policy items to consumers. The problem with some of these shops is that there is negligence on the part of their staff. Sometimes, in six months they wouldn’t remember to change or replace items on the shelves. But many Nigerians still buy from the open market.

    Do you buy online?

    I haven’t started shopping online. It is a new and upcoming market. It is just emerging and so far, I am not impressed with their services. I have a lot of complaints from consumers concerning some of them. But recently I visited a few and they assured me they are doing something about the complaints.

    What advice do you have for consumers on making decisions?

    Some traders would ask a buyer if he wants the original or the fake of a product because of the slight difference in price. Some products look very similar such that one can hardly identify the original from the fake. It is important to buy from the man you are confident in. But we will continue to check and remove expired products from such places.

    How prudent are you?

    I don’t spend heavily, but I am not a good keeper of money. I am very generous and give out money a lot; as a result, money doesn’t stay long with me. My wife does my shopping most of the time. When it comes to giving I am not prudent, but I am, when it comes to shopping. I am not extravagant when it comes to buying material things.

    Do you buy spontaneously?

    I don’t buy spontaneously and I am certainly not crazy about what is in vogue. I am not fashion-conscious. There are people who are prone to such lifestyle.

  • How UK spies tried to buy over London soldier’s murder suspect’s brother

    How UK spies tried to buy over London soldier’s murder suspect’s brother

    Several times, British spies attempted to get the brother of Woolwich murder suspect Michael Adebolajo to supply it information on terrorism networks around the world, reports Daily Mail

    British spies approached the brother of Woolwich murder suspect Michael Adebolajo more than ten times to convince him to work for the security services, it emerged yesterday.

    Jeremiah Adebolajo said MI5 and MI6 ‘harassed’ him and tried to press him for details about his family before putting him on a ‘no-fly list’ when he refused.

    The 26-year-old was first approached in 2011 when he moved to Saudi Arabia to teach English at the University of Ha’il, in NeJd.

    He held 11 meetings with both MI5 and MI6, both in the Gulf and also in the UK, including on one occasion where he was intercepted as he got off a flight at Heathrow.

    As well as asking questions about his brother Michael, 28, spies had also pressed him on his brother-in-law, James Thompson, who had converted to Islam and married his sister.

    They also asked him to identify other men who had gone to the Yemen and may have been plotting to attack Britain, but he said he didn’t know them.

    Previously it had been alleged that Jeremiah was paid thousands of pounds by MI6 as part of spying operations in the Middle East, and was allowed to fly first-class and stay in five-star hotels.

    This was revealed in a document allegedly written by Jeremiah’s sister, Blessing Adebolajo, 32, which was seen earlier this month.

    It was also alleged he was also asked to help ‘turn’ his brother, Michael, to work for MI5, who were already aware of Michael’s close links to extremist groups after he was arrested on his way to Somalia to join terror group Al-Shabaab.

    “That’s not true in any way. I mean it’s completely false. I can understand what it’s based on, them approaching me while I was in Saudi Arabia, but the claim I worked for them helped them or co-operated with them in any way is false,’ Jeremiah Adebolajo told ITV News.

    “I felt harassed. I felt there was no choice but to meet them whenever they wanted to meet me to speak to them whenever they wanted to speak to me…Their claim was that I had been in contact with, spoken with, met in my time in England with people who they were interested in.”

    Government sources have already confirmed that Michael Adebolajo was known to MI5. It was alleged that he rebuffed efforts by the security service to recruit him as a spy.

    Jeremiah may have been seen as the ideal way to change his mind and said last night that they tried hard to influence him.

    “I would say that their approach wasn’t so much aggressive as it was threatening. I mean there were implicit threats made towards my welfare towards my time in Saudi Arabia, whether I would be able to retain my job, um, so in short I’d say their approach was worrying somewhat,’ he said.

    Speaking about how often they met, both in the UK and Saudi Arabia, he said: “I’d say they were about at the beginning, they were you know, at least once a month and over the two years they lessened somewhat, but they would be at unexpected times and I would say once every two to three months, yeah.”

    When asked about the execution of Lee Rigby and the alleged link to his brother Michael and Michael Adebowale, 22, he said: “Legally I can’t speak about it.”

    On June 5, Michael Adebolajo, 28, of Romford, Essex, interrupted proceedings at the Old Bailey on several occasions during a bail hearing, telling judge Mr Justice Sweeney via videolink: “It’s not about you.”

    Adebolajo, whose left arm was in a plaster cast after allegedly murdering the soldier in Woolwich, south-east London, on May 22, added: “This whole trial is about more than that. It’s not about me.”

    He went on: ‘Really and truly it’s about the good, honest, decent, hardworking British members of society, whether they be Muslim or non-Muslim. They are the ones that have suffered the most.’

    Adebolajo added: ‘It’s possible throughout life that people may sometimes smother you and say things about you that are false. But as a regular citizen and human being, we have to get over it.

    “I believe that the British people are decent. From my experience growing up in my country, only a fraction will wish to slander and lie against me. But the rest would prefer to know the truth.”

    Adebolajo is also accused of the attempted murder of two police officers and possession of a firearm – a 9.4mm KNIL model 91 revolver – with intent to cause others to believe violence would be used.

    He was reprimanded by the judge for interrupting several times and eventually the videolink was switched off. The defendant was listed as Mujaahid Abu Hamza AKA Adebolajo by the court.

    Adebolajo had asked to be referred to by the name when he appeared before magistrates.

    He was charged with the four counts, after being discharged from hospital having spent just over a week there being treated for his injuries after being shot by police.

    The court heard Adebolajo had been seen by psychiatrists three times while in hospital and at least twice since he had been discharged and in custody, and had been declared fit for interview in all.

    While this was discussed the defendant interjected with: “I’m not familiar with this legal jargon. I’m a soldier, not a lawyer.”

    The start of the hearing had been delayed after Adebolajo complained about having to be handcuffed in the video-link room at Belmarsh Prison.

    He was eventually allowed to have them removed on the understanding that two prison officers sat beside him during the hearing.

    Wearing a burgundy top with a pink jumper that was only over one arm due to his cast, Adebolajo also complained that his privacy had been violated.

    He claimed he had been made to have his genitals examined twice ahead of his appearance in court.

    Describing the prison officer who had asked to examine him as a ‘jobsworth’, he added that after the experience: “I cried like a baby, you know, into my sleeve.”

    He said he had let him look at him as he had said ‘please’ when he asked, adding that he appreciated his politeness.

    The packed courtroom listened as he likened the situation to when someone says ‘please’ when they ask to get past him when shopping for margarine in a supermarket.

    “It could be Flora or Utterly Butterly, you find it hard not to move, “he said.

    When reprimanded by the judge for interrupting, the defendant said: ‘Stop trying to stifle the truth. Wouldn’t want the truth to get out, would we? Wouldn’t want that.”

    But he later praised Mr Justice Sweeney after he let him have his handcuffs removed, saying “May Allah bless you’ three times. That man who is wearing the white wig and the red robe. May Allah bless that man because he has had the courage to do something that many wouldn’t have had the courage to do so.”

    Adebolajo will appear at the court alongside co-defendant Michael Adebowale, 22, of Greenwich, south-east London, for a preliminary hearing on June 28.

  • Shopping 101: What to buy for your man

     

    WOMEN often have a hard time buying the right gifts for the men in their lives. One of the reasons being that men tend to buy everything they want themselves with great ease. But there are a few tricks to help get the perfect item in as little time as possible.

     

    What’s trending?

    If you want to buy an on-trend outfit for a man, go for a pale-blue button-down shirt with a knitted tie, chinos, a pair of loafers and a double-breasted knitted cardigan. Stripy tops or a chambray shirt are great if you want to be a little more adventurous, and navy is a particularly flattering colour. But stay clear of anything too fashiony.

    If you haven’t got much money, just buy the best pair of socks or the best shirt you can, rather than a cheap version of something expensive. He can never have enough shirts. Think about the man’s profession and what he already has in his wardrobe, so your purchase is practical.

     

    Accessorise

    Leather wallets look great and come in lots of shades, so it is one area where a man can be a bit more colourful. Belts are also good to buy, as men do not often spend a lot of money on them. You could give them a really luxurious one.

     

    Finishing touches

    No man is going to complain if you buy an expensive men’s watch. A man wears a watch because he can’t wear a Porsche on his wrist. It’s the one thing that men feel OK to talk about sartorially. Beaded bracelets are great buys, too. They add a bit of irreverence to a classic outfit.

     

    Appeal to his vanity

    When it comes to presents for men the best things come in small packages. Tell them the gift will make them look younger and more handsome and they won’t argue – most men are open to grooming. But you want a product that looks good in the bathroom alone. Fragrances are difficult, as they smell different on different people, try finding out the kind of smell he like and you just might have a winner.