EMAGE BIZ— ARIK AIRLINE AT THE VERGE OF LIQUIDATION

Poor Arik Air, it is possibly going out of business or exceedingly diminished. Air Peace is also on life-support. While America prints dollars sharing with defenders of good-time capitalists – agents of share buybacks and big dividend payers to crony disciples – but messengers of bad-time decadely socialism, Air Peace and Arik are on their own in Nigeria.

Yes, men who make $43 million per year because they “deserve all the pay” as they are building great companies, but quickly return to those they cannot pay $23k for help via bailouts, we see the paralysis in this world. Yet, as Arik cuts 90% of staff and reduces by 80% the pay of the remaining, I become jealous of the #American model.

Nigeria will walk backwards without Arik and Air Peace. Unfortunately, #Nigeria is looking for its own bailout from IMF, China, etc and cannot pick their phone calls. I am indeed confused, and ask “What Next for Arik Air?” Nigeria needs #logistics and supply chain players – and something needs to happen, urgently. Arik and Air Peace should not fail!

Arik Air.

Comments

NIGERIA POLITICS --- Police arrest three people for insulting President Buhari on social media

- Three people have been arrested by the police for allegedly insulting President Buhari and the Katsina state governor, Aminu Masari - The Katsina police command disclosed that the suspects were arrested for making a viral video on social where they insulted the president the state governor - The police said the offenders violated the provisions of the cyber-crime act and will be made to face the wrath of the law Three people were arrested by the Katsina state police command on Thursday, April 30, for allegedly insulting President Muhammadu Buhari and the state governor, Aminu Masari. The Katsina police command disclosed that the suspects were arrested for making a viral video on social where they insulted the president, the state governor, Daily Trust reports. The spokesman of the state police command, SP Gambo Isah, said the state commissioner of police, Sanusi Buba, ordered for investigation after the video surfaced which led to the arrest of the suspects. ...

Atiku sends powerful message to Buhari over Nigeria's economy

- Former vice president Atiku Abubakar has urged the federal government to diversify Nigeria's economy - Atiku made the plea on Thursday, April 30, amid the falling price of fuel - The ex-VP noted that reliance on oil was failing all mono-product economy and crude oil exporters Atiku Abubakar, a Nigeria's former vice president and presidential candidate of the Peoples Democratic Party (PDP) during the 2019 general election, has called on the federal government to diversify the country’s economy. EMAGE reports that Atiku in a statement posted on his Twitter page on Thursday, April 30, stressed that reliance on oil was failing all mono-product economy, crude oil exporters. Atiku, in a statement titled: How to pull Nigeria from the brink, said Nigeria and her contemporaries had to “cure their addiction to sweet crude'' “For far too long we have grown high on our own supply, to the extent that we have neglected almost every other sector of our economy. This present...

APC replies Atiku: You’re part of Obasanjo’s short-sighted govt

The All Progressives Congress has welcomed opinions expressed by former Vice-President, Alhaji Atiku Abubakar, suggesting measures to be adopted by the regime of the President, Major General Muhammadu (retd.) to diversify Nigeria’s economy. It, however, accused the President Olusegun Obasanjo-led administration in which Atiku served as vice-president for eight years, of failing to put into practice what Atiku was preaching. This was contained in a statement signed by the APC National Publicity Secretary, Mallam Lanre Issa-Onilu, in Abuja, on Saturday. The party said it appreciated Atiku’s decision to key into Buhari regime’s policy direction in terms of diversifying the economy. But it said it was a bit surprised that he failed to acknowledge the regime’s bold efforts in this direction over the past five years. Atiku had in a position paper titled, “How to pull Nigeria from the brink,” faulted some of the economic policies of the Buhari-led regime, describing the decisio...

E_mage

Search This Blog