The military regimes of Murtala and Obasanjo benefited from oil revenues that increased 350 percent between 1973 and 1974, when oil prices skyrocketed, to 1979, when the military stepped down. Increased revenues permitted government spending for infrastructure and improvements on a large scale; critics thought it was poorly planned and concentrated too much in urban areas.
The statement credited to the Ex President of Nigeria Aremu Olusegun Obasanjo through one of the news media that the president’s farm makes an average of $850,000 a day calls for celebration and a thorough review. At the exchange rate of 138 Naira to a dollar the General makes over 64.5 million Naira per day and with an average of five working days the farming is grossing 129.5million Naira a week, with 50 weeks of work excluding 2 weeks to clean up and maintain the farm the Ota farm must be grossing averagely over 14.3 billion Naira in a year.
The above analysis makes the farm one of the most lucrative businesses in Africa. i will like to believe the staff of this farm must be one of the best paid in Africa. If not the reason cannot be money because the Boss just confirms the liquidity of cash ratio of the farm. This writer will also like to believe that the road leading to this farm is tarred, the staff of this company are enjoying lots of added benefits, housing, transportation, good medical facilities, and medical insurance, medication aid and medic-care for the families of the staff because money should not be the problem the Boss just confirms it.
With a lucrative investment that yields over 57 billion annual revenue, one will want to assume that this company is actively playing it’s social responsibilities in Ota community, the company I want to assume is giving scholarships to Ota indigenes, participation in community developments, schools and police of the community, this company is assumed to be actively involved in keeping Ota in the fore front of Nigeria economic advancement if not why? Money cannot be the problem because the Big Boss just said it. This company is equally assumed is paying its corporate tax on time, and also undertake lots of social and community program in Ogun state and Ota chamber of Commerce. If not. Why? Money cannot be the problem. The Big Boss just confirms it.
Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- firstname.lastname@example.org
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on– Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!