Sam's Blog

Let me illustrate what happens when Quantitative Easing is managed well and when it is mismanaged as follows: 1. If QE is used rightly, it is a veritable economic management tool that jumpstarts comatose economies back to life. So, let us say our economy produces 1,000 yams and money supply is N100,000, all the money will buy all the yams at N100 per tuber. Now, if the government adopts QE and prints N900,000 so that money supply is now N1 million and uses the money to boost the agricultural sector by clearing the land, buying farm equipment and building processing plants, there will be a sharp rise in output to 20,000 yams. N1m will buy 20,000 yams at N50 per yam so price has crashed (inflation tamed) and jobs created because the workforce that will produce 20,000 yams will be more than the one that produced 1,000 yams! This is the beauty of QE when used for economic growth!  However and tragically too, if QE is mismanaged, it spells a death sentence to an economy. Nigeria is mismanag

ISRAEL HAS REACHED HERD IMMUNITY Israel has once again shown countries how clever leaders think in the 2nd and 3rd order (thinking beyond the obvious). Last week, 19th April, 2021*; Israel became the first country to  inoculate its entire adult population over age 18. Yesterday, all schools and colleges were opened and mask requirements were removed all across the country (barring a few congested public places). Here's how this remarkable country did it. Israel's leaders are all well educated and many of them have advanced degrees in science and medicine. Their PM graduated at the top of his class at MIT, and started (but didn't finish) a PhD at Harvard.  Isreal's Prime Minister Benjamin Netayahu They realized at the onset of the pandemic last year that the only way to beat a virus was through herd immunity, and that vaccination was key to expediting this process. They immediately zeroed in the two companies that were ahead of the pack in vaccine

🔨 THE STORY OF A 🔨 🔨WOOD CUTTER 🔨 Once upon a time, a very strong woodcutter asked for a job in a timber merchant and he got it. _____ The pay was really good and so was the work condition. For those reasons, the woodcutter was determined to do his best. His boss gave him an axe and showed him the area where he supposed to work.The first day, the woodcutter brought 18 trees. ______ “Congratulations,” the boss said. “Go on that way! _____ ”Very motivated by the boss words, the woodcutter tried harder the next day, but he could only bring 15 trees. ____ The third day he tried even harder, but he could only bring 10 trees. ____ Day after day he was bringing less and less trees. ____ “I must be losing my strength”, the woodcutter thought. ____ He went to the boss and apologized, saying that he could not understand what was going on. ____ “When was the last time you sharpened your axe?” the boss asked. _____ “Sharpen? I had no time to sharpen my axe. I have been very

Please come o, what could have made this young man to want to sell himself? I met him at the motor park in Nyanya Abuja, on my way to work. He was so serious to want to sell himself. What has led him to this decision?  I tried asking him, he told me of the frustrations and the helplessness he's daily facing. You may wish to contact me to contact him, (lol). olalekansam.wordpress.com

ADVERTISE ON MY BLOG Applications are hereby invited from suitably qualified medical doctors for junior residency training program leading to the part I fellowship of the National Postgraduate Medical College of Nigeria (NMPCN) and West African Postgraduate Medical College (WAPMC) in Medicine, O & G, Internal Medicine, Paediatrics, Orthopaedics, Radiology and Surgery. QUALIFICATIONS Candidates must possess the MBBS or equivalent qualifications plus full registration with the Medical and Dental Council of Nigeria and evidence of completion of the NYSC scheme or exemption certificate. The candidate is also expected to have passed the primary examination of the either the National Postgraduate Medical College of Nigeria or the West African Postgraduate Medical College  as well as show evidence of possession of current practicing license. FUNCTIONS Successful candidates will be required to perform medical duties assigned to them by their heads of departments including

On Constitutional amendment and NASS affront on the Supreme Court: The news that the National Assembly is bent on going ahead to override the veto of Mr. President on the fourth alteration Act in disregard to an order of status quo made by the Supreme Court, if true, is to say the least unhealthy for our Democracy. A number of lame arguments have been presented to justify this anathema. First, the widely bought argument that the apex court lacks jurisdiction on the case overlooks the provisions of the Supreme Court (Additional Original Jurisdiction) Act (enacted by the National Assembly itself) which confers original jurisdiction on the court in any dispute between the President and the National Assembly. Assuming without conceding that the court acted ultra vires, is it for the National Assembly to constitute itself as an appeal court ? determining when a court possesses or lacks jurisdiction to determine a suit? At least, Democratic civility requires that the NASS challenges