Messi, Ronaldo’s earnings higher than Osun, Nasarawa budgets – Newstrends
Connect with us

metro

Messi, Ronaldo’s earnings higher than Osun, Nasarawa budgets

Published

on

Messi, Ronaldo

The budgets of Osun, Nasarawa, Enugu and seven other states in the country are less than the annual earnings of 10 top athletes in Europe and America put together, Sunday PUNCH has gathered.

The combined yearly salaries of athletes such as Lionel Messi, Cristiano Ronaldo and basketball star, Lebron James, are higher than the budgets of some states in Nigeria put together.

According to reports published on sportreview.com, the total amount earned per year by the three athletes from salaries, sponsorships and endorsements is N148,992,480,000.

Using the Central Bank of Nigeria exchange rate of N424.48 to $1, Messi earns N55,182,400,000 ($130m); Ronaldo gets N48,815,200,000 ($115m), while James takes home N51,362,080,000 ($121.2m).

Whereas the combined 2022 budgets of Nasarawa, Ekiti and Abia states is N356,750,000,000. In December 2021, the Nasarawa State Governor, Abdullahi Sule, signed the N110bn 2022 budget into law.

In the same vein, the Ekiti State Governor, Kayode Fayemi, signed the 2022 budget of N100.75bn into law with a promise to complete all ongoing legacy projects and consolidate other achievements recorded in the past years.

On his part, the Abia State Governor, Okezie Ikpeazu, signed into law a total of N147.28bn as the state’s budget for 2022.

RREAD ALSO:

Speaking in separate interviews with Sunday PUNCH, experts attribute the low budgets by states to a weak national economy.

A professor of Economics at the University of Uyo, Akpakpan Edet, said states should stimulate the economy by cutting down the cost of governance and creating an enabling environment for investors to thrive, thereby creating quality jobs, which would enable the citizens to pay taxes.

According to him, all available resources should be concentrated on the economy to achieve desired development in the states.

He said, “What it means is that the economy of the states is very weak. They are not able to generate substantial internal revenue; when the economy is weak, they don’t have many people in employment and those who are able to find anything to do at all will be doing menial jobs that don’t pay them substantial income, so they end up being unable to pay taxes; that’s the problem.

Speaking in separate interviews with Sunday PUNCH, experts attribute the low budgets by states to a weak national economy.

A professor of Economics at the University of Uyo, Akpakpan Edet, said states should stimulate the economy by cutting down the cost of governance and creating an enabling environment for investors to thrive, thereby creating quality jobs, which would enable the citizens to pay taxes.

According to him, all available resources should be concentrated on the economy to achieve desired development in the states.

He said, “What it means is that the economy of the states is very weak. They are not able to generate substantial internal revenue; when the economy is weak, they don’t have many people in employment and those who are able to find anything to do at all will be doing menial jobs that don’t pay them substantial income, so they end up being unable to pay taxes; that’s the problem.

Edet added, “That way, you will be increasing the number of human beings who can pay tax and then you collect your tax and make sure that every citizen pays tax. And this is one of the problems; the states don’t have opportunities for taxpayers and they are inefficient in taxing.”

“Then, you can add factory overtime; if he’s a smart governor, he can attract a company that is producing some of the things that are being sold in your market and tell that company to put the factory in your state, create a conducive environment and expand your economy. Sensible people should run the economies of society and not greedy people who don’t have any business in government offices.

READ ALSO:

“They all run to Abuja to share oil money and when they get it, they run back home and spend it on themselves and their cronies instead of putting the money in productive activities, that’s why you have so many people unemployed.”

A professor of African Economic History and Development at the Federal University of Kashere, Noah Attah, said, “The fact is that we are operating an economy that does not produce, but consumes. The analogy of the athletes is straightforward, what they are earning is the by-product of the production that has already taken place, and they are offering services for those who want to enjoy pleasure; if you go to our stadiums today, except maybe Nigeria is playing against another national team, you are not likely to find people in the stadiums, because somebody who doesn’t know where the next meal will come from will not think of going to the stadium.

“Our states are not producing; they go camping and they wait for the meal ticket from Abuja every month, where they share the money. And then when they share it with those in power, you know what they do with it.

“To save the situation, first you have to put the horse before the cart. When we are talking of leadership, they are the type of people who go there for the purpose of primitive accumulation in the sense that they go there to enrich themselves. Therefore, we need people who will not go to the government house to steal. When you look at the emergence of the US, Britain and Japan, you will also discover that those who hold the means of production are the ones who found themselves in the position of governance and not dropouts, not people who have no jobs, not people who don’t have a record of their productive achievements.

“Those in government, most of them are people who are involved in buying and selling; they buy contracts and they sell contracts. They do not produce a pin. Even toilet roll, they cannot produce. Such people, what will they do in the National Assembly to turn around governance?”

metro

How another Nigerian allegedly murdered by four South Africans

Published

on

How another Nigerian allegedly murdered by four South Africans

The Nigerian Citizens Association in South Africa has condemned the alleged murder of another Nigerian, 37-year-old Julius Chukwunta, by four South Africans.

The native of Aninri Local Government Area in Enugu State was reportedly attacked on December 7, 2024 while driving to his residence.

Chukwunta stayed in Midrand Protea Estate until his death.

NICASA President-General, Dr. Frank Onyekwelu, in an interview with the News Agency of Nigeria on Saturday, said Chukwunta was blocked by the four men while approaching his residence.

According to him, after attempting to pass through, he was met with resistance, prompting him to seek help at the security office.

Onyekwelu said: “At that moment, the four men allegedly attacked him, leaving him severely injured with a head wound.

“His female companion, who was sitting in the car, rushed to the security office and discovered him bleeding on the ground.

“In spite of attempts to call for help, the security office and residents did not assist in calling the police or an ambulance.

READ ALSO:

“After an hour, Chukwunta’s partner contacted her father, who, along with other family members, took him to Tembisa General Hospital.

“Chukwunta was placed on life support but later succumbed to his injuries and died at the Tembisa General Hospital on December 10, 2024.”

Onyekwelu confirmed that the case, reported by Chukwunta’s partner, had been registered at the Midrand Police Station under file number: 262/12/2024.

He said the four suspects, aged 20, 24, 27, and 28, were arrested, and the case was presented in Alexandra Magistrate Court on December 13, 2024, where they were charged with murder.

He added: “The court proceedings on December 18, 2024 saw three of the suspects granted bail of R10,000 each, while the fourth had not yet applied for bail.

“The case was adjourned to February 3, 2025.”

Onyekwelu expressed disappointment at the proceedings and vowed that the Nigerian community would continue to demand justice for Chukwunta and support his family.

He emphasised that the community would not rest until justice was served and the value of Nigerian lives was upheld in South Africa.

 

How another Nigerian allegedly murdered by four South Africans

Continue Reading

metro

Ibadan, Abuja, Anambra stampedes: IG orders probe, threatens prosecution of organisers

Published

on

Inspector-General of Police Kayode Egbetokun

Ibadan, Abuja, Anambra stampedes: IG orders probe, threatens prosecution of organisers

The Inspector-General of Police, Kayode Egbetokun, has voiced worry about the unorganised distribution of palliatives and humanitarian supplies across Nigeria during the festive season.

In recent days, a number of regrettable instances have underlined the need for a more structured and secure approach to aid distribution.

On December 18, 2024, a stampede at a children’s funfair in Ibadan, Oyo State, killed 35 children and gravely injured many others.

Another horrific tragedy occurred on December 21, 2024, when ten people died in a stampede at the Holy Trinity Catholic Church in Maitama, Abuja, where food was being provided to the elderly and weak. Several others suffered wounds.

Similarly, a palliative distribution ceremony sponsored by benefactor Obi Jackson in Okija, Ihiala Local Government Area, Anambra State, ended in mayhem, killing three people and injuring many more.

READ ALSO:

Addressing media in Abuja on Saturday, Force Spokesperson Muyiwa Adejobi stated that the Inspector General of Police has directed the Commissioners of Police in the affected states to investigate the situation for possible legal action.

He said, “The IGP emphasised the dangers posed to public safety during these unorganised distributions and funfairs set up by groups, individuals, and NGOs, including the potential for stampedes and other incidents that could endanger lives.

“The lack of a well-defined plan for distributing palliatives has resulted in chaos, leading to long lines and unnecessary confrontations among citizens seeking assistance.

“In light of these developments, the IGP has called on government officials, community leaders, and non-governmental organisations to work collaboratively towards establishing a comprehensive and organised framework for distributing palliatives.

“The IGP has ordered the commissioners of the affected states to carry out thorough investigations into these ugly incidents for further legal actions. The Inspector-General of Police, therefore, sympathises with the bereaved families and wishes those injured a quick recovery.”

He added that the organisers of this charity are criminally accountable, citing clauses in Nigeria’s Penal and Criminal Codes.

Adejobi said, “The IGP has hereby warned groups and organisers of similar events to ensure the involvement of security agencies, as negligence on their part is criminal and would not be overlooked, as provided for in Sec. 196 of the Penal Code and Sec. 344 of the Criminal Code, Laws of the Federal Republic of Nigeria.”

Ibadan, Abuja, Anambra stampedes: IG orders probe, threatens prosecution of organisers

Continue Reading

metro

Yuletide: Travellers want fare discount for road trips

Published

on

Yuletide: Travellers want fare discount for road trips

  • Bemoan high fares

Passengers travelling to their country homes for the Christmas and new year day celebrations have urged the Federal Government to extend the free rail services announced early in the week to road transport routes across the country.

Some of the travellers who complained about the high fares called on the Federal Government to restore the 50 percent fare reduction on inter-state luxury bus routes granted to road passengers at this time last year.

The passengers who spoke at various terminals and loading stations of long distance road transport companies in Lagos, were reacting to the upsurge in fares to about N40,000 on luxury buses and N65,000 on mini buses going to the South-East.

Reports from some of the boarding stations revealed that upon hearing the announcement of free train ride, some passengers thronged the loading stations at various points in Lagos to benefit from the gesture, but were disappointed when they were informed that the offer did not cover road transport.

At Terminal 1 in Oshodi, Alafia, Jibowu, Mazamaza, and private stations in the Cele/Ejigbo axis, on Saturday, passengers bemoaned the high cost of travelling on both the big and small buses, disclosing that many people were not travelling because they couldn’t afford “the exorbitant fares the transport firms are collecting.”

Interestingly, a trip on board Toyota Sienna which used to attract slightly higher fare than on a typical mini bus, is the same at N40,500.

One of the passengers told our reporter one if the stations in Cele, “You press people should please tell (President Bola) Tinubu that poor masses cannot afford to go home this Christmas because there is no money in the country.

“(President) Tinubu should please repeat the 50 percent discount on long distance fares which some of us enjoyed last year to travel home.”

At the nearby Young Young Shall Grow station, a passenger who planned to travel to the east recalled how he took advantage of the 50 percent fare discount to travel from Abuja to Onitsha and back in 2023, and wondered why the Federal Government has not considered the re-introduction of the palliative this festive season.

According to the man who gave his name as Chinedu Uzoechina, his intention to travel to Anambra state and back with his wife and five children, has been stalled by the high transport fares being charged at the various terminals.

Uzoechina, who came to book for seats in advance, lamented, “I was hoping that the 50 percent fare discount that followed the increase in fuel pump price would be available this year, but that has not been the case this year. Forty thousand into seven is N280,000 for one-way luxury tickets.

“If you add the cost of coming back, it means I will spend nothing less than N560,000 on transportation alone for seven of us. Where will I get that kind of money? I have called my wife to inform her of the situation here (at the terminals in Cele).

“She is not happy that we are not travelling anymore, but what can I do?”

According to him, the only thing that can make his family travel again is if the Federal Government extends the free train ride offer to long distance road transport routes, like Lagos-east, or reduces the fares in collaboration with the operators.

Like Uzoechina, many other intending travellers were still hopeful that the government wiuld still intervene with a fare discount, even as they disclosed that they would either cancel the trips outrightly or reduce the number of tickets to be bought, if their hopes are dashed.It was learnt that the fares were slightly lower by about N2,000 at Terminal 1 where both big and mini buses have been loading for day and night trips at Oshodi.

Reacting to the passengers’ complaints about high fares at the terminal owned by the Lagos State Government, Damian Ezuma, the manager of Izu Chukwu Transport, blamed the situation on the rising cost of maintaining the buses as well as on the pump price of diesel, which he said, is as high as N2,000 a litre in some parts of the country.

“It is not our fault. The cost of maintenance is so high that it is only by the grace of God that some of transport companies still manage to keep their buses on the road these days. Do you know that one big bus tyre costs between N250,000 and N500,000, depending on the quality and brand?” Ezuma argued.

He confirmed that many intending travellers who heard about the free train services offer by the Federal Government have been coming to the terminal make enquiries on whether long distance-plying buses are part of the gesture and whether last season’s fare discount applies this year.

Many of them leave the terminal disappointed and deciding not to travel anymore, but opting instead to wait for a possible fare palliative from the government.

Also commenting on the reason for the high fares, a manager at Chisco Transport’s head office in Lagos explained that the unfavourable naira-dollar exchange rate has impacted on the prices of replacement parts and maintenance costs generally.

But a major factor is the fact that during the peak festive season, buses are usually full when leaving major cities like Lagos and Abuja, but are almost empty in their return journeys.

So some operators slightly adjust their fares upward to cover the losses incurred during return trips.

In 2023, the special fare discount by government through the luxury bus owners took effect on December 21, and lasted till the second week of January, 2024.

Continue Reading

Trending