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FROM 80 Kobo to 1 US Dollar in 1980 to 450 Naira to 1 US Dollar TODAY (06/07/2020)



FROM 80 Kobo to 1 US Dollar in 1980 to 450 Naira to 1 US Dollar TODAY (06/07/2020)

We shouldn’t be surprised.

We were far more productive in 1980 than we are today

In 1980 the key reasons for economic growth were are as follows:

1) We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.

2) We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.

Leyland in Ibadan and ANAMCO in Enugu produced our buses and trucks.

Steyr at Bauchi producing our Agricultural tractors.

And it was not just Assembly, we were producing many of the components.

Vono products in Lagos producing the seats.

Exide in Ibadan producing the batteries, not just for Nigeria but for the entire West Africa.

Isoglass and TSG in Ibadan producing the windshields.

Ferodo in Ibadan producing the brake pads and discs

Tyres produced by Dunlop in Lagos and Mitchelin in Portharcourt.

And I mean tyres produced from rubber plantations located in Rivers State.

3) We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.

4) We were using refrigerators, freezers and Airconditioners produced by Thermocool.

5) We were putting on clothes produced from the UNTL textile mills in Kaduna and Chellarams in Lagos.

Not from imported cotton but from cotton grown in Nigeria.

6) Our water was running through pipes produced by Kwalipipe in Kano.

7) Our toilets were fitted with WC produced at Kano and Abeokuta.

8) We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.

9) Our electricity was flowing through cables produced by the Nigerian wire and Cable, Ibadan and Kablemetal in Lagos and Portharcourt.

10) We had Bata and Lennards producing the shoes we were putting on
Not from imported leather but from locally tanned leather at Kano & Kaduna.

11) We were mainly flying our airways, the Nigeria Airways, to most places in the world.
The Airways was about the biggest in Africa at that time.

12) Most of the food we eat were being grown or produced in Nigeria.

We were producing all of the above and more in 1980

Today, we import almost everything.

There lies the source of the terrible exchange rate we are experiencing today and everybody reading this has a critical role to play in reversing this very UGLY trend.

It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do, the key question is what are we producing or what are we planning to produce?

Going forward, it’s time to ponder and think of the way forward progressivesly before it’s TOO LATE.

We have been talking about these problems and more for ages

What solutions do we have in mind?


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Happy wedding anniversary to Pastor jeremiah Nwabueze




Surely the Lord has walked with you through the many years you have been together. To us, you are like a precious gem that guide us and show us the right path to follow.

Looking at how the love in your hearts shines through your eyes is enough to sign that true love does exist. Your marriage has worked out of love and hard work.

Looking back today we now know the meaning of he who finds a wife finds a good thing, your contribution to the body of Christ has been great.

Your love for God and people is indescribable, so may the favor of Almighty God be with you this day

Your marriage has been a lovely inspiration to many of us, you’ve shown us what true love is.

We pray that your marriage will last long in love, peace and joy unspeakable. God will always be present in your home and assignment. We celebrate today along side with the host of heaven.

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CCC Global Genesis Founder, Prophet Oladele Jailed For Defrauding A Woman



CCC Global Genesis Founder, Prophet Oladele Jailed For Defrauding A Woman

A Lagos State High court on Wednesday (today) sentenced popular prophet and Sheperd-in-charge of CCC Global Genesis church, Prophet Israel Oladele Ogundipe to two-year imprisonment for defrauding an American based woman.

The trial judge, Justice Olabisi Akinlade sentenced Prophet Oladele after she found him guilty of two count charges out of the seven he was charged with.

Justice Akinlade in a judgment that lasted for about four hours sentenced the defendant, prophet Oladele to a year imprisonments for count two and four. She however discharged him of counts 1,3, 5 ,6 and 7 for lack of evidence against him.

Oladele was charged with seven counts charges bordering on fraud and obtaining money by false pretenses, preferred against him by the Lagos State government sometimes in 2007.

He was said to have defrauded one Mrs Olaide William Oni to the tune of eleven million naira (N11m).

He had however pleaded not guilty to the charge when he was brought before the court.

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By Sodiq Oyeleke

Governor of Lagos State, Babajide Sanwo-Olu on Tuesday announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.

He made this known while presenting the 2021 budget to the Lagos State House of Assembly.

Sanwoolu said the bill would be sent to the Lagos Assembly for legislative approval.

According to Sanwo-Olu, the abolition of pension for former governors and deputies will reduce the cost of governance.

He said, “Mr. Speaker and Honourable Members of the House, in light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.”

Detail later…

  • PunchNg

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