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A man has returned from a 2-month journey to discover that worms had eaten his carton of fish.
The worn all the flesh on the entire fish in the cartoon and left no crumbs, what was left was only bones.
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The Senate has addressed recent comments made by Senator Abdurrahman Kawu Sumaila, who claimed during a BBC Hausa Service interview that he earns a total of N21 million monthly salary and allowances. He also mentioned that each senator receives N21 million monthly as a running cost due to a recent increase. However, Senate spokesman, Senator Yemi Adaramodu (Ekiti South), said that the running costs are distinct from the salaries and personal allowances set by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC).
The RMAFC chairman, Mohammed Bello, had said that each senator’s monthly salary and allowances total N1,063,860. Adaramodu, the chairman of the Senate committee on public affairs, said that running costs are not exclusive to the legislature and are necessary for the operational expenses of all governmental bodies. He stressed that the funds are accounted for and used solely for official purposes, requiring proof of genuine expenditure. Adaramodu said: “This is not a personal allowance or salary for the legislator. These funds also support the staff of constituency offices.” The Senate spokesperson expressed discontent with the portrayal of excessive spending in Parliament, asserting that the Nigerian Senate comprises highly accomplished professionals motivated by a commitment to improving Nigeria’s political and socio-economic landscape.
In his statement, he reiterated, “For the umpteenth time, the Senate must respond to the outdated claims regarding inflated salaries and allowances attributed to senators. The RMAFC has clearly outlined the monthly take-home pay for senators.” Adaramodu further said that all government branches, including governors, ministers, and local councils, use running costs for their operations, and the National Assembly is no exception.
“The funds mentioned by Senator Sumaila are designated for the daily operations of senators’ offices, oversight activities, and community engagements, all of which are budgeted annually and properly accounted for. The National Assembly accounts for about 1% of the federal budget and has consistently adhered to this limit, even amidst financial constraints. The Senate remains committed to serving the nation with integrity and dedication, driven by a patriotic desire to revitalise Nigeria’s socio-economic fabric,” Adaramodu added.
Promising reports on inflation and retail sales this week are giving some market participants added confidence. But it isn’t all good news for the economy, as a spate of reports on manufacturing showed signs of weakness in that sector, with data pointing to slowdowns in the labor market.
Both industrial production and manufacturing capacity—measurements that track factory output —fell in July and were lower than economists expected, Federal Reserve data released Thursday showed. Additionally, monthly surveys of manufacturers conducted by the New York and Philadelphia Federal Reserve banks showed softness in the sector.
“Today brought a batch of manufacturing data that was rather grim,” wrote Wells Fargo economists Shannon Seery Grein and Tim Quinlan. “Manufacturing activity continues to flash recessionary signals, but other data, including July retail sales, suggest some portions of the economy can continue to chug along even as manufacturers face a more precarious environment.”
The manufacturing industry is often viewed as an indicator of the broader economy's health as more goods are produced when demand is high and the economy is growing. However, economists said much of the weakness in manufacturing can be attributed to the Federal Reserve's restrictive policy.
The Federal Reserve has held its influential fed funds rate at its highest level in more than two decades in an effort to discourage spending and in turn tame inflation. That's increased the cost of all kinds of borrowing, which has led to some of the main drivers of weakness in manufacturing.
For example, slagging automobile production is a key culprit in the depressed manufacturing activity. Vehicle manufacturing steeply dropped in July and is down nearly 10% over the past year. Economists blamed high interest rates on auto loans for the decline.
“Because consumers are aware that interest rates are set to decline in the near future, they may be holding off on making the big-ticket purchases that typically involve credit,” wrote Moody’s analyst Matt Colyar.
The Federal Reserve is widely expected to ease interest rates at its upcoming September meeting, which economists have long said could bring some relief to manufacturers.
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A businessman has said he has had enough, as he narrated his experience with some roadside hawkers who wanted to rip him off.
He said he went to Utako market and wanted to buy pears, the hawkers came and he picked one of them. He said he wanted 5 baskets but the woman poured 3 baskets because she thought he was not seeing her and even argued that her money remained N2000 after he paid her N3000 until he showed her the dashboard.
He wanted buying plantain and he told the boy he wanted the biggest which cost N10,000 but on the way to putting it in the man’s boot he changed it. Him seeing this, he challenged him but he was swearing by his God’s name only for him to go and open the boot remove the plantain and went home with his money. He is tired of the attitude of d@g eats d@gs.