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I used to make ₦2.4m yearly – Corporate beggars lament economic hardship
I used to make – I used to make…
I used to make – Ibrahim said he always…
Ibrahim said he always dresses well and neatly to enable his clients to give him an audience when he approaches them with his sad tales.
A new breed of beggars known as “Corporate Beggars” is now on the rise in the Federal Capital Territory (FCT) due to increased economic hardship.
The News Agency of Nigeria (NAN) correspondent reports that the corporate beggars have now taken begging as a means of livelihood as it gives them more income than having to do regular jobs.
The beggars usually hang around residential buildings, shopping malls, bus stops, religious centres, hospitals, markets, roadsides and offices.
One such beggar at the Banex plaza, Mrs Hauwa Baba, said that she had taken to begging to enable her to feed her family.
“I have to beg to feed my sick husband and my six children. Times are hard, we feed once in two days, no money to buy my husband’s drugs because he is diabetic.
“ I used to work in a private firm but they reduced their staff strength due to the current economic situation in the country, and getting another job has been difficult.
“I have no choice but to beg as it is better than stealing,” Baba said.
According to Baba, even if she gets another job now, she will have to consider if the job favoured her more before she can quit begging.
Mr Habib Ibrahim, a beggar at Wuse market said that most of them begged because they had no other means of livelihood.
“I have been begging for over nine years in different locations in Abuja, I am married and blessed with nine children.
“I use the money I get to feed and train my children in school, they go to school during the week and they join me in begging at weekends, we share ourselves to different locations,” he said.
Ibrahim who said that he used to make over ₦200,000 monthly, however, said he barely made up to ₦100,000 these days due to the economic hardship in the country.
“Due to the current economic hardship, I now make between N90,000 and N100,000 monthly. This is the only thing I know how to do and it pays me more than getting a job.
”I know when workers receive their salaries, and that is the time I go to government offices. Every season has its location,” he said.
Ibrahim said he always dresses well and neatly to enable his clients to give him an audience when he approaches them with his sad tales.
According to him, most Nigerians are not moved and are usually not ready to help when they do not hear sad tales from you on why you are on the streets.
Another beggar, Uche Ray, said that begging paid his bills, adding that he earned up to ₦5,000 and above on a daily basis through begging.
“I did not choose to beg but the economy turned me into one.
“I used to work in a factory but after the fuel subsidy removal the company left the country and made me jobless, I have people who depend on me, that was how I started begging.
”If I get a good job I may stop begging, but for now, this pays the bills,” Ray said.
A beggar with a disability, Aisha Sariki, said she was born blind into a large family.
Sariki said because of her condition, people were always willing to help her and this made her adopt begging to support her family.
“My family now depends on what I make from the business. We feed and send some of my siblings to school and some of my other siblings take turns to move me to different locations to beg.
“But I would love to be enrolled into school of the blind for the sake of my future too,” Sariki said.
NAN reports that some beggars now prey on the sympathy of unsuspecting Nigerians who find it difficult to distinguish between genuine requests from beggars who cook up stories in order for people to have pity on them.
They trick people into giving them money, citing personal challenges or family problems such as the inability to pay medical bills, school fees, and house rent.
Sometimes, some of them even claim they are stranded with no money to continue their journey, just so you can give them money.
A victim, Hajiya Ummi Umar, said that after her encounter with a corporate beggar at a hospital in Zone 3, she swore never to fall for their tricks again.
“A well-dressed lady stopped me and we exchanged pleasantries, and she enquired if I could help her buy some drugs for her child who is on admission.
“I pitied her because she was almost crying and I asked for the cost of the drug after which I transferred N20,000 to her.
“A few days later, the same lady approached me at the federal secretariat, using the same trick and I explained to her that we had met, only for her to say bad market and walk away.
“These so-called beggars prey on the empathy of human beings because they know that out of 10 people, six may be willing to help,” she said.
Umar said the beggars were always ready with tales of stolen wallets, sick children or the like and strike their victims once they were given listening ears.
“They look out for people riding in SUVs, official cars, or those who are well dressed. Once you respond to their greetings politely, they strike.
“I used to pay for their transportation before I realised it was a group of people who do it every day, they beg on their way to and from their locations,” she said.
A businessman, Emeka Mark, said that he was used to them and the lies they tell to exploit innocent citizens, who they end up earning more than.
“It’s either they need money for food, transportation, hospital bills or drugs among others.”
Meanwhile, a civil servant, Hajiya Hauwa Abdulaziz, said that begging used to be for the vulnerable, but now so many fake or lazy people have decided to use it as a form of business.
“I will still encourage people to help beggars because it is a good attribute and God loves givers. Givers also never lack, so just do it for the sake of God,” Abdulaziz said.
NAN reports that many people with disabilities as well as the less privileged beg as a source of livelihood.
It was mostly for those unable to fend for themselves who reach out to people, who in return grant them help in either monetary form, food or clothing.
But presently, as the economy bites harder, corporate beggars are on the streets, people who don’t have any form of disability, and able-bodied individuals who can work have resolved to beg for various reasons.
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Is Atom Capital the – Is Atom Capital the…
Is Atom Capital the – The rise of powerful…
The rise of powerful AI is reshaping the landscape of digital organizations, bringing unprecedented prospects for efficiency, innovation, and profitability. Businesses looking to prosper in this cutthroat market must grasp how to make the most of AI bots as more and more industries adopt these technologies.
Specifically, AI trading bots are a game-changing innovation in the finance industry that allows businesses to maximize profits and optimize trading methods. This essay looks at how companies might use AI trading bots, in particular, to take advantage of breakthrough AI technology to increase revenue and spur expansion.
The Role of AI Bots in Maximizing Advanced AI Usage
Artificial intelligence (AI) bots like the-atom-capital.com/id are specialized software programs created to automate processes, analyze data, and carry out trades or other operations with the least amount of human involvement. By utilizing cutting-edge AI, these bots can learn from enormous volumes of data, spot trends, and make deft decisions instantly. Businesses may greatly increase their productivity and decision-making processes by implementing AI bots.
Automating Repeated Operations
Artificial intelligence bots like Atom Capital automate tedious jobs, allowing human workers to concentrate on strategic projects. For example, AI chatbots in customer care answer standard questions, freeing up employees to deal with more complicated client requests. Businesses can distribute resources more efficiently as a result of this automation, which also improves customer happiness and operational efficiency.
Enhanced Data Analysis
AI bots like Atom Capital are particularly good at handling and evaluating big datasets. They can spot patterns and irregularities that human analysts would miss. By using these insights, companies may more rapidly and effectively respond to client requests and market changes by making data-driven decisions. Retail companies, for instance, can use AI bots to better manage inventory and study customer behavior, which will save costs and boost sales.
An Introduction to AI Trading Bots
As a direct result of advances in AI technology, the financial sector has seen the rise of AI trading bots. These bots autonomously manage portfolios, conduct trades, and analyze market data. AI trading bots like Atom Capital can optimize trading tactics based on past data and adjust to market volatility by utilizing machine learning algorithms.
Enhanced Rapidity and Effectiveness
AI trading bots are capable of operating at speeds much faster than humans. They can take advantage of momentary market opportunities by executing deals in milliseconds. Businesses may refine their trading tactics thanks to this speed, which helps them stay competitive in the quick-changing financial landscape.
Data-Based Decision Making
Complex algorithms that examine current market circumstances, past trends, and other pertinent data are used to create AI trading bots. Businesses can increase their chances of success by making well-informed trading decisions by utilizing this information. Reducing emotional biases that might impair judgment through the use of AI in trading also results in better logical investment methods.
Maximizing Profits with AI Trading Bots
Businesses need to implement particular tactics that increase their profitability if they want to fully utilize the potential of AI trading bots like Atom Capital. Here are some essential strategies to use these cutting-edge instruments to optimize profitability.
Improve Your Trading Methods
Based on the information produced by AI trading bots, businesses should constantly improve their trading tactics. They can enhance trading results by looking at historical performance and making adjustments to algorithms. Conducting routine backtests of methods using historical data can yield important insights regarding possible modifications.
Investment Portfolio Diversification
AI trading bots like Atom Capital can efficiently diversify investment portfolios for corporations by managing many assets at once. Businesses can lessen the impact of market volatility on their overall performance by diversifying their risk across a range of assets. This diversification approach raises the probability of yielding steady-state returns.
Put Risk Management Procedures into Practice
With AI trading bots, maximizing earnings requires effective risk management. To reduce possible losses, businesses should use stop-loss orders and clearly defined risk boundaries. Artificial intelligence (AI) bots can constantly analyze market circumstances and modify trading tactics to keep risks within reasonable bounds.
How to Register on an AI Trading Bot System?
With AI trading bots, getting started is a simple procedure. Here’s how to sign up for an AI trading bot platform step-by-step.
1. Select a Reputable Source
Investigate other AI trading bot systems first. To choose a reliable supplier, check customer reviews, performance data, and ratings. Popular platforms frequently contain features like intuitive user interfaces, solid safety features, and advanced analytical capabilities.
2. Register for an Account
After deciding on a platform, go to its website and register for an account. Giving basic personal information like your name, phone number, and email address is usually required for this. To safeguard your account, choose a strong password.
3. Confirm Your Identity
To abide by regulations, the majority of trading platforms demand identification verification. Get ready to upload proof of identity documents, like a driver’s license or passport, and maybe a utility bill to confirm your address.
4. Add Money to Your Account
You will need to deposit into your trading account after verification. The majority of platforms include a range of payment methods, such as credit cards and bank transfers. To fund your account, make sure you are aware of the minimum deposit requirements.
5. Configure Your Bot for Trading
Once the account is funded, go to the trading bot part of the platform. The majority of platforms offer simple-to-follow setup instructions for your bot. Depending on your investing objectives and risk tolerance, you can select from pre-built methods or create your own.
6. Examine and Modify
You should always keep an eye on your AI trading bot’s performance after it has been launched. Examine trading performance and tweak your tactics as necessary to maximize your gains. You can easily monitor your bot’s performance thanks to the real-time reporting and analytics options that many platforms offer.
Real Benefits of Advanced AI for Bigger Revenues
Advanced AI has several advantages for tech companies beyond trading. Businesses that incorporate AI into their operations stand to gain significantly from increased income in several ways.
Improved Client Relationship
AI-powered technologies can analyze client data and offer individualized services. AI can be used by businesses to enhance customer service, optimize marketing efforts, and make product recommendations. Through customized experiences, businesses may boost consumer happiness and encourage recurring business.
Enhanced Efficiency in Operations
AI automation lowers operating expenses by optimizing workflows and reducing mistakes. Companies can improve resource allocation, cut down on production downtime, and optimize supply chain management. Higher profit margins and cost reductions are the results of this efficiency.
Analytics for Predictive
New Product Development and Innovation
Conclusion
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Nigerians be warned as – Nigerians be warned as…
Nigerians be warned as – The National Agency for…
The National Agency for Food and Drug Administration and Control (NAFDAC) has declared Eziukwu Market, popularly known as Cemetery Market in Aba, Abia State, a hub for the production and distribution of fake and substandard drinks and beverages.
During a raid on Tuesday, December 17, Mr Martins Iluyomade, Director of NAFDAC’s South-East Zone, described the illegal activities in the market as “weapons of mass destruction.”
He lamented the persistence of these operations despite a major crackdown in December 2023.
“It is baffling that individuals remain recalcitrant and determined to make money at the expense of the lives of their fellow citizens,” Iluyomade stated.
He added that market leaders, who previously signed an undertaking with NAFDAC to identify and expose perpetrators, “now have serious questions to answer.”
The raid uncovered a shocking variety of fake and adulterated products, including wines, whiskey, yogurt, carbonated drinks, dry gin, chips, and other beverages. These items were either produced in unsanitary conditions or re-labelled with new dates after expiration.
Iluyomade expressed deep concern over the volume of expired products being re-validated and warned consumers to be vigilant about the items they purchase.
“Consumers must remain cautious to avoid endangering their health,” he advised.
The agency affirmed its commitment to revisiting agreements with the market’s leadership to curb the illegal trade and protect public health.
This operation highlights NAFDAC’s ongoing fight against counterfeit products and serves as a warning to those engaging in such activities.
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Nigeria becomes first African – Nigeria becomes first African…
Nigeria becomes first African – Nigeria is set to…
Nigeria is set to reopen its embassy in North Korea, four years after its closure during the COVID-19 outbreak, becoming the first African nation to resume diplomatic activities in the reclusive country.
The announcement was made by Nigeria’s Charge d’Affaires to North Korea, Patrick Imologhome, during a meeting with Russian Ambassador to North Korea, Alexandr Matsegora, last Wednesday in Pyongyang. The Russian Embassy in Pyongyang confirmed the development on its official Facebook account.
“Patrick Imologhome, who recently arrived in North Korea, shared his plans to reopen the Nigerian Embassy in Pyongyang after years of suspended operations,” the Russian Embassy’s statement read.
Nigeria’s embassy was shut down during the early stages of the pandemic in 2019, along with many other diplomatic missions worldwide. However, with North Korea reopening its borders in August 2023, Nigeria is now the first African country to reestablish its diplomatic footing in the country.
The Russian Embassy further noted that Nigeria and Egypt remain the only African nations maintaining a diplomatic presence in North Korea. Both countries have enjoyed diplomatic relations with Pyongyang since 1976.
Notably, a previous UN panel of experts highlighted that Nigeria and Egypt have conducted trade and business dealings with North Korea, allegedly in violation of UN sanctions.
The reopening of Nigeria’s embassy signals a renewed commitment to strengthening ties with North Korea amid evolving post-pandemic diplomacy. It also marks a significant move for African diplomatic relations in the region, particularly as other nations are yet to resume their operations in the East Asian country.
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