Business

By Sumayyah Auwal Ishaq

Some restaurant and relaxation centre owners in Kaduna complained on Sunday of low patronage, blaming the country’s economic situation for their misfortune. Other food and drink sellers told The Daily Reality in Kaduna that they have been experiencing low patronage since January 2024.

“Business has been very dull since the beginning of the year. We are operating virtually at a loss. Our customers now prefer to stay home because of the economic situation,’’ said Alhaji Umar Sani, an eatery owner at Alkali Road, Kaduna.

Another operator, Mrs Aisha Ibrahim, also blamed the dullness in business activities on the economic situation in the country. “It appears that this government is doing everything possible to make sure that our businesses collapse”. She urged Nigerians to continue to pray for the quick recovery of the economy.

Mrs Hadiza Abubakar, another food seller at the Kasuwan Bacci Market, said she was optimistic that things would be better, but she’s running into so much debt.

“We have some customers who don’t have money to pay for their food and have been coming for years. It is not good to deny food to these customers, so we must them on credit. And the problem is that it takes longer now due to the economic condition.”

A customer who simply identified himself as Alhaji Ibrahim Mai Sauki urged Nigerians to pray for the government so that the nation would overcome its challenges.

When The Daily Reality correspondent visited some popular restaurants in the Kaduna metropolis, such as Barnawa, Unguwar Rimi, and Doka, at 2 p.m., peak business activity time in the afternoon, only a few vehicles were parked, while a good number of chairs were empty. Only a handful of people were seen eating and drinking.

By Abbas Aliyu Libata 

Every individual possesses a unique talent, a natural gift that often takes time to uncover. For some, it is an early realisation, while for others, like myself, it takes a period of self-reflection and careful observation. 

My journey of discovering my unique talent has been a process of exploration filled with curiosity, self-doubt, and clarity. In the world of tailoring and fashion design, I found my calling, a profession that brings me joy andfuels my creativity.

I remember watching people around me, often amazed by how effortlessly they executed imaginative and creative tasks. Their work, whether art, music, or other forms of expression, seemed to flow naturally as if it were second nature to them. I couldn’t help but wonder: What was my talent? Was I overlooking something? This uncertainty drove me to study myself and observe how I interacted with different activities, hoping to pinpoint what made me feel most alive.

The journey was challenging. I explored various activities, searching for one that resonated with me. Gradually, I realised my attraction to tailoring and fashion design through my appreciation of fabrics and patterns and my vision of new designs. It took time to recognise this as my true talent.

The turning point came when I decided to immerse myself in design fully. While tailoring was my primary profession, designing offered something more—a unique joy. I felt an overwhelming sense of fulfilment whenever I created new designs, sketched ideas, or experimented with fabrics. The joy I experienced wasn’t just about the monetary rewards that came with the profession but also about the creative satisfaction that designing brought. I had found my talent.

According to career coach Laura Garnett, talent discovery often involves a combination of self-awareness and persistence. She explains, “Your talent lies at the intersection of what you enjoy doing and what you do well. Often, it takes time and patience to uncover it because you need to experiment with different activities to see what resonates.” My experience perfectly reflects this. The more I designed, the more I realised that this was something I was good at, bringing me immense happiness.

Research from psychologists like Dr Angela Duckworth suggests that perseverance and passion, what she calls “grit”, are vital to uncovering and developing talent. I can relate to this concept because I had to persist in my search for my unique talent, even when I doubted myself.

Looking back, I see how important it was for me to go through self-discovery. Finding my talent in tailoring and fashion design has been one of the most rewarding experiences of my life. It has given me a sense of purpose and fulfilment that I might not have found had I not taken the time to explore, reflect, and experiment. Now, every design I create reflects my joy and passion for my profession, a profession that has allowed me to express my unique talent in ways I never imagined.

I came across a friend who disclosed that he believes unique talent exists in people but has yet to discover his. 

Through this journey, I have realised that discovering one’s unique talent requires patience, observation, and a willingness to embrace the things that bring us joy, even if they aren’t immediately apparent. It was fashion design, a craft that connects my passion and creativity to something I can share with the world.

Self-observation and reflection are among the most important steps in uncovering your talent. Take time to observe how you react to different activities. Notice what excites you, where you lose track of time, or what makes you feel fulfilled. Keeping a journal to record these moments can help reveal patterns and reveal your natural abilities.

Experimenting with different fields is another critical part of the process. Your talent might be in an area you haven’t yet explored. Trying out new hobbies, engaging in unfamiliar projects, or learning a new skill can help you discover interests and strengths you didn’t know you had. Don’t limit yourself to what seems comfortable or traditional; sometimes, talent lies in unexpected places.

Additionally, don’t underestimate the power of seeking feedback from others. Often, those around you can provide insight into your strengths and talents that you might overlook. Ask friends, family, or colleagues for their perspectives on what you do well, where you shine, or what they think makes you unique. Their observations can offer valuable clues in your self-discovery journey.

It’s also important to follow your passion rather than just chasing money. While financial rewards are essential, true talent often lies in what brings you personal satisfaction. You may not immediately see financial gain from pursuing your passion, but the joy it brings is a crucial indicator of where your unique abilities might be found.

Be prepared to exercise patience and persistence in the process of talent discovery. It is not always an immediate realisation and can take time, especially if you are exploring new fields or refining your skills. Even when you feel stuck, continue pursuing different avenues and allow yourself the time to grow and evolve.

Learning from others is also a valuable strategy. Studying experts in areas that interest you, attending workshops, or reading books by individuals who have mastered their craft can offer insights into how to cultivate your talent. Their experiences and advice can serve as a guide for your journey.

Lastly, once you have an idea of your talent, align it with a career path. When your professional life reflects your passion, you are more likely to feel fulfilled and motivated. Combining your talent with a career can lead to personal and professional success, allowing you to channel your unique abilities into something that brings value to yourself and others.

Abbas Aliyu Libata wrote from the Mass Communication Department at Bayero University, Kano, via elabbas434@gmail.com.

By Uzair Adam

Kano State Governor Abba Kabir Yusuf has issued an executive order, effective October 24, 2024, prohibiting the unauthorized allocation of land under the guise of “corner shops” or “curve-outs” across the state.

The order restricts all state and local agencies, including the Kano Urban Planning and Development Authority (KNUPDA), the Housing Corporation, the Ministry of Environment, REMASAB, and the Ministry of Agriculture, from approving any structures or land use permits in this context.

Governor Yusuf, invoking his authority under the Nigerian Constitution and the Land Use Act, specified that only the Ministry of Land and Physical Planning is authorized to process and approve land occupancy permits.

This executive directive extends to market stalls, shops, and other business interests within designated urban areas, ensuring that any changes comply with the existing land use regulations in the state.

The order further restricts the conversion, sale, or transfer of any state-vested properties without explicit prior approval from the governor.

The ancient Kano City walls, grazing reserves, and cattle routes are also protected under this mandate, prohibiting any land allocations or occupancy permits on these historical and essential sites.

To ensure enforcement, the governor has tasked the Kano State Public Complaints and Anti-Corruption Commission, led by Barrister Muhuyi Magaji Rmingado, with monitoring compliance and curbing violations.

The governor emphasized that the order addresses growing public concerns over unauthorized land allocations within school and hospital premises, as well as other public utilities.

Governor Yusuf highlighted the state’s commitment to safeguarding public infrastructure from encroachment, particularly where public buildings are used for private business under questionable approvals.

Key officials, including the deputy governor, Speaker of the State House of Assembly, Chief of Staff, and the Anti-Corruption Commission chairman, attended the signing of the executive order.

The new measures are aimed at preserving public land for its intended use and ensuring that public institutions uphold their responsibilities in managing state assets.

By Thomas Akoji Amodu 

A crypto airdrop is typically performed by blockchain-based startups to help bootstrap a virtual currency project. Its primary aim is to create awareness about the cryptocurrency project and encourage more people to participate when it becomes available. 

Airdrops are generally communicated through the company’s official channels and cryptocurrency communities. Coins or tokens are sent only to specific wallets based on the blockchain network or coins held in existing wallets. Airdrop coins are generated by continuously tapping the phone screen.

Today, the trending event in Nigeria is crypto airdrops, which have attracted millions of Nigerian youths. This became popular following the successful listing of Notcoin in 2023, which paid miners significantly. Since then, Crypto has been introducing several airdrop projects such as MemeFi, X-Empire, Tapswap, Hamster, Tomarket, cats, Dogs and many more to engage miners. Many Nigerian youths spend more than half a day on these mining platforms daily. When it eventually lists on exchanges, they get nothing compared to the time, energy and subscriptions invested in the airdrop.

This engagement with crypto airdrops by Nigerian youths has caused great concern, as many solely rely on it as a full-time job, while some regard it as an escape route from poverty. Youths are becoming lazier than ever before because of these projects. Students tap their phone screens during lecture time, thereby dividing their attention. Even graduates have embraced airdrop mining over creative thinking and productive undertakings. 

This trend has further questioned the state of the country’s economic and political atmosphere because where there is a stable economy, good living conditions and basic provisions for healthy living, the citizens will shun any form of distraction and focus on more beneficial activities. It is pathetic that most Nigerian youths who resort to airdrop mining are graduates who could not secure a job because of bad governance and corruption in the country. 

On September 26th, 2024, one of the most anticipated airdrops, “Hamster,” was listed, and many Nigerian youths were disappointed by the poor payment. Before the listing of Hamster, some people had priced what to buy, such as vehicles, lands, gadgets, and so on. Unfortunately, Hamster paid below expectations, and many became depressed. The time, energy, and sleepless nights spent just to complete tasks were in vain. 

Despite the poor rewards of these crypto airdrops, Nigerian youths do not seem discouraged from engaging in the projects. This clearly indicates the government’s failure to fulfil social, economic, and political responsibilities. The government should establish more industries, provide loans for small business owners, encourage agriculture, and invest in tech education to refocus youths’ attention on a better future.

Thomas Akoji Amodu writes from the Mass Communication Department at Bayero University, Kano, via amoduthomas@gmail.com.

By Uzair Adam

A prosecution witness, Mr. Stephen Gana, testified on Monday before an Abuja High Court, stating that two companies linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, received preferential treatment in vehicle procurement contract bids.

Gana, the tenth prosecution witness, explained that the contracts were awarded to Emefiele’s companies through selective processes, which bypassed regular competitive bidding.

Gana, who served as the Head of the Procurement Department at the CBN, disclosed this while being led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN.

He confirmed that he was in office when contracts for vehicles, as highlighted in exhibits presented to the court, were approved.

The witness testified that Toyota vehicles valued at N99,900,000 were procured from April 1616 Company Ltd through direct procurement.

Referring to another exhibit, Gana stated that two Toyota Hilux vehicles, costing N23,100,000 each, were obtained through selective bidding.

The April 1616 Company was awarded the contract after offering the lowest bid and meeting the CBN’s in-house estimate.

Gana explained that at the CBN, contracts could be awarded through direct procurement or selective bidding, depending on the recommendations of the Director of Procurement, who worked alongside him and other officials in the department.

Following Gana’s testimony, the prosecution counsel requested an adjournment, citing his involvement in a Supreme Court case.

The defense counsel, Matthew Burkaa, did not oppose the request but raised concerns about the cost of transportation. Justice Hamza Muazu adjourned the case until November 13 for further hearings.

Earlier, Burkaa had challenged the prosecution’s move to introduce new witnesses, arguing that the defense was not informed about these additions during the initial charge.

Emefiele faces allegations of forgery, conspiracy, and breach of trust during his tenure as CBN Governor.

He is accused of using his position to favor two companies—April 1616 Nigeria Ltd and Architekon Nigeria Ltd—in a case filed by the Economic and Financial Crimes Commission (EFCC).

The hearing will continue next month.

By Sabiu Abdullahi

Dr. Kabiru Ibrahim from Sokoto State, Nigeria, has founded a nursing services company in Hamm, a city in North Rhine-Westphalia, Germany, Dr. Muhsin Ibrahim, a German resident, announced in a Facebook post on Sunday. 

According to Dr. Muhsin, the company, staffed by healthcare professionals from Nigeria, Kenya, Turkey, and Germany, offers critical care services.

Dr. Ibrahim’s achievement demonstrates the potential of African professionals making a meaningful impact globally. 

After studying medicine and surgery in Bulgaria and specialising in anaesthesia, Dr. Ibrahim moved to Germany in 2009.

His success has sparked praise from friends and colleagues, including Dr. Muhsin Ibrahim, a lecturer at the University of Cologne. 

“This is a massive achievement, and we are very proud of Dr. Kabiru,” Mr. Muhsin said.

Dr. Kabiru’s venture serves as a shining example of Nigerian excellence in the diaspora, which fosters economic growth and cultural exchange between Nigeria and Germany.

By Anas Abbas

The Nigerian National Petroleum Company Limited (NNPCL) Buys Petrol from Dangote Refinery at N898 per Litre, Commences Loading of 300 Trucks on Sunday.

The Daily Reality, reported that, NNPCL’s Chief Spokesperson, Olufemi Soneye, clarified that the initial loading price was N898 per litre, debunking claims of N760 per litre.

As of press time, over 70 trucks had been loaded.This milestone follows the announcement by Finance Minister Wale Edun that NNPCL will be the sole off-taker of refined petrol from Dangote Refinery.

The minister revealed that diesel from the refinery would be sold in Naira to interested buyers, while PMS would be sold exclusively to NNPCL for distribution to marketers.

The Federal Executive Council (FEC), led by President Tinubu, had approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.

This initiative aims to reduce pressure on the naira, eliminate transaction costs, and improve petroleum product availability.

Implementation committees have worked tirelessly to finalize modalities, with NNPCL set to supply 385kbpd of crude oil to Dangote Refinery from October 1.

In return, the refinery will supply PMS and diesel of equivalent value to the domestic market, paid for in Naira.

The government is also establishing a one-stop shop in Lagos to streamline service provision from regulatory agencies, security agencies, and stakeholders, ensuring a seamless implementation of this initiative.

By Uzair Adam

The Dangote Refinery, with a capacity of 650,000 barrels per day, has begun producing petrol.

The announcement was made on Tuesday by Alhaji Aliko Dangote, the refinery’s Chief Executive Officer, while addressing journalists about this significant milestone.

The $20 billion refinery, built by billionaire businessman Aliko Dangote, commenced operations in January, initially focusing on the production of diesel and aviation fuel.

Further details are expected shortly.

By Sabiu Abdullahi 

AbdulSamad Rabiu, the Chairman of BUA Cement, has revealed that his company’s intention to sell cement at N3,500 per bag last year was thwarted by the actions of cement dealers. 

During the 8th Annual General Meeting held in Abuja, Rabiu stated that BUA Cement had sold over a million tons of cement to dealers at a price of N3,500 per bag, with the intention of passing the savings on to end-users.

However, he noted that dealers were selling each bag of cement to consumers for prices ranging from N7,000 to N8,000. 

Rabiu expressed frustration that the company’s policy was not being implemented as intended, saying, “So, a lot of the dealers took advantage of that policy. Rather than pass the low prices to the customers, they were selling at even double the price we sold to them.” 

He attributed the discontinuation of the policy to the company’s inability to regulate dealers, who were earning substantial profits due to high margins.

Rabiu also cited the challenges posed by the devaluation of the Naira and the removal of fuel subsidies last year, which made it difficult for the company to sustain the price policy. 

“We wanted that price to stay at that level, but dealers refused. So, we could not sustain that simply because we did not want to be in a situation where we are subsidizing dealers,” he said.

By Uzair Adam

As poor Nigerians protest against hunger and biting economic hardship, another hardship has emerged, with foodstuff prices skyrocketing in markets following the relaxation of curfew by some state governments.

In Kano, Governor Abba Kabir Yusuf, through an announcement by the Kano Police Commissioner, Dogo Salman, relaxed the curfew from 6:00 a.m. to 6:00 p.m., contrary to the previous 24-hour directive and the subsequent 6:00 a.m. to 2:00 p.m. order.

The Daily Reality learned that some local shops had begun to run out of foodstuffs due to the market closures during the hunger protests, fearing attacks from the aggrieved demonstrators who often targeted anything in their path.

As jubilation turns to grief

People were ecstatic following the return to normalcy in the state and the relaxation of the curfew. This led the leadership of the Singa market to reopen for business.

However, the initial joy quickly turned to disappointment as buyers encountered increased foodstuff prices, sparking outrage and accusations of profiteering.

A householder, Malam Ibrahim Umar, condemned the price hikes as unreasonable and merciless.

Not only government is our problem

Umar stated that it is high time that people understand that the trouble with Nigeria is not always from the government side but also us as individuals.

He said, “We must understand that we must change ourselves first. Looking at how the government is treating people, how protesters steal and vandalize properties worth millions of naira, and how our businessmen increase prices so unreasonably, it is enough for us to understand that we are the problem of our country.”

Another household member, Abubakar Umar, also shared Umar’s belief, “We need to change first as these people we are always complaining about are from among us.”

A mother of ten, Hafsat S. Shu’aibu, decried the price increase, calling on market leaders to address the root of the problem, saying, “This is too much for the poor to bear.”

As hope dies

Shu’aibu added that she has begun to lose hope that Nigeria will improve, as the problems stem from multiple sources.

She added, “People should repent to Allah and strive to change themselves because marketers and the government are not from a different world – they come from within us.”

Another household, Nuhu Adamu, lamented that despite the youth protests, he thought things would improve and the government would take steps to alleviate the suffering of the masses, but to no avail.

He stated, “After the protest against hardship, now comes another hardship that only God can save us from, as prices rise and rarely decrease in Nigeria.”

Snacks, bakery business at risk

Another person, Abdulmajid Abubakar, said bakery and snacks businesses are at risk as the price of flour, sold at 63,000 before, increased to 80,000.

He said that with the increase in the price of flour and other ingredients, they have no option but to either decrease the size of the snacks or increase the cost.

He said, “I was so disappointed to know about the increment. It is so ridiculous and unreasonable. We are pleading for government intervention.”

Game of blame

When contacted, the Chairman of the Singa market, Alhaji Junaidu Zakari, denied the increase in foodstuff prices, claiming the problem originated with dealers.

He said, “We have received numerous complaints from people and are working hard to address the issue. However, the increase is not from us but from the dealers.”

“As of now, we have started collecting remittances from our traders and dealers to determine the source of the problem,” he added.

However, a local trader who visited the market yesterday to purchase goods refuted the Chairman’s claims.

The person who wished to remain anonymous said, “They have been doing this to us and ultimately make us quarrel with people. They increase the prices first, which justifies our price increases, as business is about profit.”

We can’t fold our hands over artificial inflation

The increment in the price of foodstuffs and the recent alleged artificial inflation have prompted people to register complaints with the Kano State Public Complaints and Anti-corruption Commission to intervene.

The Daily Reality recalled that just a few days before the nationwide protest, the commission’s Chairman, Barrister Muhyi Magaji Rimin Gado, said the commission would not stand idly by over the alleged artificial inflation in the state.

Rimin Gado spoke when people bitterly complained about the hike in the price of bread and alleged artificial inflation in the price of foodstuffs in the state, vowing not to remain idle in the face of the alleged inflation by some traders in the market.

Rimin Gado said the commission was working tirelessly to understand the root cause of the inflation and would take even “extraordinary measures to combat the menace if necessary.”

The Daily Reality learned that Rimin Gado’s assertion gave people hope at that time, and they are now looking forward to the commission’s interventions.