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Wallie's Posts

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Business / Re: Dangote Quits Board Of Flour-producing Subsidiary by Wallie(m): 7:35pm On Nov 16
Resign or ousted? You don't just resign from a company in which you own a majority-minority stake! Also sounds like the 3 other board members were his appointees to the board. If I had to guess, I would say a major ownership change is ongoing and Dangote is being bought out or pushed out. When you lose that much power in a company, it can only be because everything don pafuka!
Education / Re: Opeyemi Enoch Solves 156-Year-Old Maths Problem, Gets $1M by Wallie(m): 11:36pm On Nov 15
Don't know if he solved the problem or not but he did present a paper on the topic at the International Conference on Mathematics and Computer Science 10-11 November 2015, Vienna, Austria. See page 8 of the attached:



A matrix that generates the point spectral of the Riemann Zeta function
Enoch Opeyemi Oluwole
Department of Mathematics
Federal University Oye-Ekiti
Ekiti State

This work presents some meromorphic functions which have the same results as the Riemann zeta function. Matrix representations of these functions are also obtained through which the general form of the point spectral and the trace of the Riemann zeta function were generated.
The Riemann Zeta function and its Analytic Continuation function are presented as function with real and imaginary parts. By this The Riemann Zeta function and its Analytic Continuation function are transformed into their Matrices equivalents. We are also able to valuate ! ! ! ! = !!(!) + !!(!). By writing ! ! ! ! as a bilinear function, and through the use of Sobolev Space theorem, an optimization problem with a variable coefficient is derived. Some methods of solution are presented.

Keywords: Meromorphic, Riemann Zeta function, Matrix Sobolev Space, Spectral Point, Trace


Crime / Re: Tajudeen Disu Killed In Land Fracas In Lagos by Wallie(m): 5:58pm On Oct 12
RIP Uncle Bola!

Inna lillahi wa inna ilayhi raji'un
Fashion / Re: Girl Incredibly Transforms From Black To White (before & After Pics) by Wallie(m): 5:56pm On Jul 14
One word comes to mind: melanoma. And people wonder why cancer is prevalent!

In this life, we have to make many choices. Some are very important choices. Some are not. Many of our choices are between good and evil. The choices we make, however, determine to a large extent our happiness or our unhappiness, because we have to live with the consequences of our choices. James E. Faust
Politics / Re: What Does The Iran Nuclear Deal Mean For Nigeria? Harder Times Are Ahead! by Wallie(m): 5:47pm On Jul 14
Unfortunately, it is the ordinary citizens on the street that will feel the brunt of it! The government under GEJ should have been saving for a rainy day like this but I'm not even sure that would have been enough in the long-term. Diversifying the economy is the only long-term solution but with what money? If the dwindling revenue is spent on recurrent expenditure where will money for investment into other sectors come from? I honestly do not envy Buhari and his team!
Politics / What Does The Iran Nuclear Deal Mean For Nigeria? Harder Times Are Ahead! by Wallie(m): 5:07pm On Jul 14
Naira will lose more value and revenue from oil sales will dwindle as oil prices will further decline.

Iran could add as much as 500,000 barrels of oil per day to worldwide markets by the end of this year, according to experts at a recent Credit Suisse conference on Iranian sanctions and oil. The International Energy Agency estimates Iran could add as much as 800,000 barrels a day months after sanctions are lifted. Another 30 million barrels of Iranian crude are estimated to be in storage and ready for sale, according to FACTS Global Energy, an industry consultancy.

Get ready for a new oil low.

The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high.

The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries.

OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month.

OPEC's record output is part of an aggressive effort to keep its market share in the face of fierce competition from the U.S. and others.

The U.S. oil production hit 44-year high in April, rising to 9.7 million barrels a day, latest available data show. But the supply growth is slowing. U.S. supply grew by 1.0 million barrels a day in the first five months of 2015, down from 1.8 million last year.

The world's oil demand will finally slow down in 2016, the agency said, but not enough to offset the world's growing oil glut.

"The rebalancing that began when oil markets set off on an initial 60 percent price drop a year ago has yet to run its course," the report said.
The agency sees demand slowing to 1.2 million barrels a day next year, from an average 1.4 million barrels a day in 2015.

Oil prices dropped below $51 a barrel earlier this week, the first time since early April, down from the highs of $107 a barrel last summer. Oil was trading at $53.2 per barrel on Friday morning.

Politics / Re: Bayelsa Governor Hires World’s Most Ruthless Hackers For N100M To Hack Computers by Wallie(m): 9:36pm On Jul 09
If you can't see/read the screenshot, here's the pertinent information. The email subject is "Remote Control Davinci System Into Nigeria." Underneath that is the proposed third-party process for sneaking Hacking Team's "Davinci" past import/export restrictions:
Commissions and meeting:

Being an Italian company, we are following the guidelines of our exterior ministry.

Understanding that this is an uncommon circumstance, this is what we are proposing:

HackingTeam will sell directly to your company and then TunsmosPetroleum will add its own mark up. The price you will purchase from us will include a discount on the list price as a compensation for the 1st meeting/demo in Milan and the training (in Milan as well) after the sale.


Politics / Re: Ranking Of Nigerian States By Poverty Rates by Wallie(m): 9:44pm On Jul 01
In a typical Nigerian fashion, people are not even bothered to look at the factors used to determine the ranking! Here are the factors:

Years of schooling
School attendance
Child Mortality
Drinking water
Cooking fuel
Asset ownership

Anambra lost the second spot due to years of schooling and school attendance.


Health / Re: Taraba: 110,000 People Are Living With HIV/AIDS by Wallie(m): 8:00pm On Jun 30
kini big deal
hiv is like malaria now in Nigeria just take ur pills


Really? Are you talking about the same pills that are donated to Nigeria for free? What happens if the donation stops coming? At least with Malaria, you can walk into a chemist and pay for the pills you need out-of-pocket. Do you think you can afford HIV drugs that will have to be taken for life?
Politics / Re: Top 5 CIA Assets In Nigeria by Wallie(m): 7:45pm On Jun 30
CIA assets in a foreign country are not employed directly by the CIA. If there are CIA assets in Nigeria, those people will be in-touch with a handler (the CIA caseworker) that will act as a close friend of the asset. Here's the kicker, the Nigerian asset has NO way of knowing who the handler works for. The handler could be working for the Nigerian govt to help ferret out spies - this is called "false flag."


Webmasters / Re: Pls Advice: A Developer Has Refused My Access To The Website Database I Paid For by Wallie(m): 2:39pm On Jun 23
Good day all.

I paid a developer to build and host a website for my company. The website was hosted with the developers name, which was the initial agreement, after which, he will transfer the account to my name.

Morning all,

I'm not giving him access to the Hosting cpanel because i dont want him to copy my codes, the site is not a ready made script, i designed and developed from scratch and this aspect was previously addressed in the contract.

The issue at hand here is one of copyrights and whether lincolnpix is an employee of subset. It is clear from their relationship that lincolnpix is not an employee but a contractor hired to create a particular website. Since lincolnpix is not an employee, lincolnpix owns the copyrights to the code unless he assigns his rights to subset.

I downloaded the contract attached to the link lincolnpix provided and a relevant portion states “We will give you a copy of all files and you should store them really safely as we are not required to keep them or pro- vide any native source files that we used in making them. … We own the XHTML markup, CSS and other code and we license it to you for use on only this project.”

From the clause above, lincolnpix did not assign his ownership rights to subset.

However, as a goodwill gesture and a good business practice, lincolnpix should give subset access to the cpanel as the website seemed just a little more complex than templates one could easily get code-access to. On the database side of things, which are just a bunch of tables, the developer should have provided subset with the database schema as part of the required documentation.

Overall, in my humble opinion as an attorney and an entrepreneur, the contract is somewhat ambiguous and does not spell out the actual deliverables apart from the templates, especially if the contract is worth NGN150M. Also, based on the NGN150M price tag, I’m guessing there’s a lot more to this contract than just some html stuff and that should have been included in the contract.

Subset, you should have required the following documents as part of the deliverables to help protect your investment even if lincolnpix will continually help you manage the website:
1. Software Requirement Specification
2. Software Design Document
- Preliminary design document
- Detailed design document
3. Test plan

Subset, without documentation that details every single aspect of the design and implementation, how are you going to continue future developments of your website if lincolnpix becomes unavailable for whatever reason? This is another reason lincolnpix has to deliver the source code because Subset should be free to hire another developer in the future to take over your development UNLESS lincolnpix EXPLICITLY stated otherwise in the executed contract.


Politics / Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Wallie(m): 9:39pm On Jun 17


Let's look at the government side. Yes, the government would spend money initially, but the government would later benefit from increased revenue through taxes from the effects of economic expansion.

The Americans started social security to tackle the inherent contradictions within the capitalist economic system. ...

One thing that people fail to realize is the condition that needs to be met before giving out the NGN5000. If I was in charge of APC, I will give out the NGN5k but require the recipients to file taxes first and the NGN5000 will be the refund given to people that earned below a certain amount even if they earned zero Naira. This will actually be modeled like the Earned Income Tax Credit in the US.

Why pay the NGN5000?
1. You now encourage people to file taxes which could be a way of getting people’s earnings out of the shadows. More IGR.
2. You can now start to compile true residents of states.
3. You can now have accurate census info because it will all be tied to an issued tax ID.
4. It will be harder for politicians to create people out of thin air because they will need to file taxes for each person.

The Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income working people…

Who Is Eligible, and for How Much?
In the 2014 tax year, working families with children that have annual incomes below about $38,500 to $52,400 (depending on marital status and the number of dependent children) may be eligible for the federal EITC. Also, working-poor people without children that have incomes below about $14,600 ($20,000 for a married couple) can receive a very small EITC. In the 2013 tax year, the most recent year for which data are available, over 27 million working families and individuals received the EITC.

The amount of EITC depends on a recipient's income, marital status, and number of children. As the figure shows, workers receive the credit beginning with their first dollar of earned income; the amount of the credit rises with earned income until it reaches a maximum level and then begins to phase out at higher income levels. The EITC is "refundable," which means that if it exceeds a low-wage worker's income tax liability, the IRS will refund the balance.
Politics / Re: Is The Ghanian Cedi Stronger Than Naira? by Wallie(m): 4:48pm On Jun 17

Great analysis. People fail to realise this when demanding for $1=#1 from buhari.

They only think about the buy side of the equation and not how their export-dependent government will be able to pay their next salary!

I guess the government can also just lob two zeroes off the Naira and rebase it. That will mean that a salary of N100,000 will now be N1000 and a loaf of bread will now be NGN2 instead of NGN200.
Politics / Re: Is The Ghanian Cedi Stronger Than Naira? by Wallie(m): 9:14pm On Jun 16
I got into an arguement with a friend about ghana cedi being stronger than naira ...I have heard about the redomination ghana did a few years back but dont know how it works ...I saw an exchange rate just now which shows d ghana cedi being stronger than the japanese yen. does that mean ghana has a stronger economy than nigeria and japan

No. As a country, you try to weaken your currency based on whether you're an import/export based economy.

If your economy is largely based on export, you want a weaker currency because it will make your goods cheaper abroad and when money gets repatriated to your country, you will have more of it in your local currency.

If your currency is strong, ideally, it should mean you're an import-based economy like Nigeria. For example, if NGN 1 = $2, that means that a car imported from the US at a cost of $100,000 will only cost NGN50,000 in Nigeria. The populace will be more prosperous.

In Nigeria, we need a carefully balanced currency peg because we are somewhat of an export-based when generating revenue but an import-based economy when consuming goods.

Here's a research topic for someone doing their thesis in economics: what should be the ideal peg of Naira to a dollar based on our current consumption? The answer will depend on how much we earn from exporting relative to how much we spend on imported goods.

1 Like

Health / Re: Samuel Achilefu Receives US Award For Inventing Cancer Goggles by Wallie(m): 7:30pm On Jun 16
Other patents (inventions) owned by the same Samuel Achilefu (St. Louis, MO)

1 8,658,433 Dye compounds as photoactive agents
2 8,344,158 Fluorescent polymethine cyanine dyes
3 8,318,133 Macrocyclic cyanine and indocyanine bioconjugates provide improved biomedical applications
4 8,053,415 Compounds having RD targeting motifs
5 7,850,946 Macrocyclic cyanine and indocyanine bioconjugates provide improved biomedical applications
6 7,790,144 Receptor-avid exogenous optical contrast and therapeutic agents
7 7,767,194 Optical diagnostic and therapeutic agents and compositions
8 7,758,861 Dye-sulfenates for dual phototherapy
9 7,608,244 Hydrophilic light absorbing compositions for determination of physiological function in critically ill patients
10 7,566,444 Versatile hydrophilic dyes
11 7,556,797 Minimally invasive physiological function monitoring agents
12 7,514,069 Tumor-targeted optical contrast agents
13 7,510,700 Pathological tissue detection and treatment employing targeted benzoindole optical agents
14 7,504,087 Receptor-avid exogenous optical contrast and therapeutic agents
15 7,468,177 Hydrophilic light absorbing compositions for determination of physiological function in critically ill patients
16 7,438,894 Dyes for organ function monitoring
17 7,431,925 Internal image antibodies for optical imaging and therapy
18 7,427,657 Aromatic sulfenates for type 1 phototherapy
19 7,351,807 Cyanine-sulfenates for dual phototherapy
20 7,303,926 Methods and compositions for dual phototherapy
21 7,297,325 Hydrophilic light absorbing compositions for determination of physiological function
22 7,252,815 Pathological tissue detection and treatment employing targeted benzoindole optical agents
23 7,235,685 Aromatic sulfenates for type I phototherapy
24 7,230,088 Compounds for dual photodiagnosis and therapy
25 7,201,892 Pathological tissue detection and treatment employing targeted optical agents
26 7,198,778 Tumor-targeted optical contrast agents
27 7,175,831 Light sensitive compounds for instant determination of organ function
28 7,128,896 Pathological tissue detection and treatment employing targeted benzoindole optical agents
29 7,011,817 Hydrophilic cyanine dyes
30 6,939,532 Versatile hydrophilic dyes
31 6,887,854 Compounds as dynamic organ function monitoring agents
32 6,761,878 Pathological tissue detection and treatment employing targeted benzoindole optical agents
33 6,747,151 Azo compounds for type I phototherapy
34 6,733,744 Indole compounds as minimally invasive physiological function monitoring agents
35 6,716,413 Indole compounds as tissue-specific exogenous optical agents
36 6,706,254 Receptor-avid exogenous optical contrast and therapeutic agents
37 6,673,334 Light sensitive compounds for instant determination of organ function
38 6,669,926 Hydrophilic light absorbing indole compounds for determination of physiological function in critically ill patients
39 6,663,847 Dynamic organ function monitoring agents
40 6,656,451 Indole compounds as novel dyes for organ function monitoring
41 6,641,798 Tumor-targeted optical contrast agents
42 6,485,704 Azo compound for type I pototherapy
43 6,423,547 Non-covalent bioconjugates useful for diagnosis and therapy
44 6,395,257 Dendrimer precursor dyes for imaging
45 6,280,703 Simultaneous multimodal measurement of physiological function
46 6,277,841 Quinoline ligands and metal complexes for diagnosis and therapy
47 6,264,920 Tunable indocyanine dyes for biomedical applications
48 6,264,919 Indocyanine dyes
49 6,228,344 Method of measuring physiological function
50 6,217,848 Cyanine and indocyanine dye bioconjugates for biomedical applications
51 6,190,641 Indocyanine dyes
52 6,183,726 Versatile hydrophilic dyes
53 6,180,087 Tunable indocyanine dyes for biomedical applications
54 6,180,086 Hydrophilic cyanine dyes
55 6,180,085 Dyes
56 6,013,243 Gaseous inhalable ultrasound contrast agents and method therefore
49 6,228,344 Method of measuring physiological function
50 6,217,848 Cyanine and indocyanine dye bioconjugates for biomedical applications
51 6,190,641 Indocyanine dyes
52 6,183,726 Versatile hydrophilic dyes
53 6,180,087 Tunable indocyanine dyes for biomedical applications
54 6,180,086 Hydrophilic cyanine dyes
55 6,180,085 Dyes
56 6,013,243 Gaseous inhalable ultrasound contrast agents and method therefore

120 Likes 14 Shares

Politics / Re: Amnesty Intl. Wants Ihejirika, Others Investigated For War Crimes - Thisday by Wallie(m): 4:24pm On Jun 03
First major international headache for Buhari! Unfortunately, he has no choice than to capitulate and offer those guys up because that stuff is not going away anytime soon, especially, since the US made it an issue in dealing with the past government. Funny enough, I actually do not see Nigeria on the current list of countries with arms embargo at the US State Dept.


By the way, very recently, the US also restricted weapons sale to Vietnam.
Politics / Re: China Illegally Fishing Off W Africa - Greenpeace by Wallie(m): 4:05pm On Jun 03

The real situation of Africa is best summed up by Buhari's quote:

'I belong to everybody, but I belong to nobody.' undecided

Man, that is a frighteningly apt quote!
Politics / Re: China Illegally Fishing Off W Africa - Greenpeace by Wallie(m): 3:21pm On Jun 03

More than 70 Chinese vessels have been found fishing illegally off the coast of West Africa, Greenpeace says.
In the most recent cases, the Greenpeace ship MY Esperanza, which sailed off Senegal, Guinea-Bissau and Guinea last autumn, documented 16 illegal fishing activities by 12 Chinese vessels.

It saddens me that we are too shortsighted to see the true implications of what is going on in Africa. We seem to only regard overt and explicit acts of harm as the only thing bad for us. I guess we will continue to show indifference until, in this particular instance, fishing communities become unsustainable and we pay through our nose to buy fish in the open market, and even then, we will gladly open our arms to welcome "help" from the people responsible instead of throwing them in jail!

Think about this for a second, you literally have to sail through the Pacific Ocean and Indian Ocean to reach the Atlantic Ocean! Unfortunately, we do not have laws or even manpower to police our shores!

1 Like

Webmasters / Re: My Advice To All Nigerian Developers by Wallie(m): 3:19pm On Jun 02

I charge clients high for projects now because I do the needful. I will encourage us developers to improve on our strengths, extend jobs for other experts to do their part to get a perfect product in time. With this, you can confidently bill clients several millions for projects and they will be glad to pay.

How much do you charge per hour? Can you also share your portfolio?
Business / Re: Nigeria's Hotels.ng Raises $1.2 Million by Wallie(m): 4:49pm On May 26
Glad to see Nigerians in Nigeria attracting outside attention in the IT sector!
Business / Nigeria's Hotels.ng Raises $1.2 Million by Wallie(m): 4:29pm On May 26
Nigeria’s leading hotel booking website, Hotels.ng, has raised $1.2 million from the Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar, and EchoVC Pan-Africa Fund, a seed-stage technology fund.

Founded in 2013 by Nigerian entrepreneur Mark Essien, Lagos-based Hotels.ng aims to provide affordable, safe and convenient online bookings for Nigerian hotels for both tourist and business travelers. It currently has a listing of more than 7,000 hotels in 21 regions across Nigeria and has facilitated up to two million hotel reservations since its inception.

This is the second time Hotels.ng would be raising money. In 2013, Lagos-based business accelerator Spark, made a seed investment of $225,000 in the company. The company is already profitable, though Mark Essien refuses to disclose revenue figures. In a private email to this writer, Essien said his company plans to use the new funds to invest further in its technology capacity and in pursuing expansion into Ghana and French West Africa.

“We’re forging ahead into relatively uncharted territory; E-commerce in Africa is a massive market to conquer, but there are no hard and fast prototypes from which to follow; We cannot simply replicate Western models here; we have to build our own blueprints from scratch, which takes significant investment, both in terms of time and money. This additional capital will allow us to realize the next stage in our ambitious growth plans, which will see us consolidate our position as Nigeria’s market leader in online hotel bookings, with a view to expanding our service into other African markets, such as Ghana.”

Politics / Re: Lower Niger Congress Presenting Their Case At Us Congress W.dc by Wallie(m): 3:50pm On May 22
I think this is the way to go - advocating for change through non-violent means; however, I seriously doubt this is a hearing at the United State Congress.

1. Why obscure parts of the video that shows the speaker's periphery?
2. Why only show the speaker?
3. The moderator is CLEARLY not American and actually sounds Nigerian. Are you going to tell me that the US congress now has a Nigerian moderator?
4. The background does not look like the US Congress; looks more like one of the rooms that you can reserve from a local library.
5. How come the hearing does not appear on the Congress' calendar? http://www.majorityleader.gov/floor/#annual
6. No question from members of congress and/or their staff?


Car Talk / Re: KIA Motors Unveils Multi Billion Naira Plant (25,000 Cars/year) In Lagos by Wallie(m): 9:00pm On May 18

Its the nonsense we see in nigeria. Are all america industries in one state?

No but can you explain why certain industries congregate to one area? There are 50 states in the US but most industries congregate to a particular geographic area.

Financial industry - New York
Technology - Silicon Valley, Boston, NY
Agriculture - California, Iowa, Nebraska, Minnesota, Texas, Illinois, Kansas, North Carolina, Wisconsin, and Indiana
Automobile industry - Detroit
Oil & gas - Texas, California, Oklahoma, and Louisiana

Lastly, take a look at the article below to see what states do here in the US/

A look at incentives that 5 states competing for huge Tesla Motors' battery factory can offer
Published August 31, 2014Associated Press

LOS ANGELES – Five states are on the short list for a $5 billion factory that Tesla Motors plans to build so it can crank out batteries for a new generation of electric cars.

The package of economic incentives that each state offers will help determine where Tesla builds the factory — Nevada, California, Texas, Arizona or New Mexico. Tesla CEO Elon Musk has said the winning state will shoulder about 10 percent of the total cost, meaning at least $500 million worth of incentives.

Tesla already has done initial preparatory work on a potential site near Reno, Nevada, and plans to prepare one other site in coming months. A final decision is expected by year's end.

While officials in each state are keeping confidential the specifics of their packages, here is a look at the types of incentives and advantages each state can offer.


— Few taxes: No personal income tax, franchise tax, estate tax, inheritance or gift tax, and no taxes on corporate shares. No corporate income tax, although voters will decide in November whether to implement one to finance education — a move U.S. Sen. Dean Heller, R-Nev., said could undermine efforts to attract Tesla

— Other tax credits or breaks: Up to a 50 percent abatement on personal property taxes for up to 10 years; a partial abatement on sales and use taxes on capital equipment purchases; and a deferral of sales and use taxes on capital equipment.

— Worker training subsidies: Up to $1,000 per employee for job training if the company provides a 25 percent match, makes a five-year business commitment and pays at least hourly minimum wages.

— Other advantages: Proximity to the assembly plant in Fremont, California, where Tesla makes its cars; significant deposit of lithium, which is essential to making the batteries.


— Tax and hiring credits: Legislation passed this year offers a tax credit of 17.5 percent of wages for full-time employees for 15 years, totaling up to $31 million a year that could be split between a battery manufacturer and other industries including aerospace manufacturing. A hiring credit of 35 percent of wages is available if Tesla locates in a region that has high unemployment and poverty, for wages above certain benchmarks, until 2029.

— Sales tax exemption: New legislation waives the state's share of sales tax, 4.19 percent, on the first $200 million in equipment purchased.

— Waiver of environmental rules: Some lawmakers are advocating waivers on a host of California's complex environmental review laws that would allow for much quicker building permitting.

— Other advantages: Tesla already has its headquarters and car assembly plant in the San Francisco Bay area.


— Incentive funds: The Texas Enterprise Fund regularly gives companies incentives worth tens of millions of dollars to open facilities in the state, including $15.3 million to SpaceX, a commercial rocket company where Tesla CEO Elon Musk is also chief executive. The Texas Emerging Technology Fund, also run out of Gov. Rick Perry's office, has given $205 million to fund scores of technology startups.

— Other incentives: The state also offers tax refunds, exemption from state sales and use tax on electricity and natural gas in manufacturing.

— Other advantages: Cities and counties have made direct pitches to Tesla, highlighting for example how San Antonio owns its own utility and can provide solar and wind energy.


— Various tax credits or breaks: For investments by manufacturers, and the creation of high-wage jobs and renewable energy.

— Worker-training subsidies: The state pays up to 75 percent of new worker salaries for up to six months.

— "Closing fund": Local governments can tap public money to finance infrastructure improvements, such as roads and utilities, around a factory. The Legislature provided $15 million for the current fiscal year.

— Other advantages: State officials also tout a diminishing corporate income tax rate, low property taxes, rail connections to California and competitive electricity rates.


— Job training grant: The state may provide new employers up to 75 percent of the cost of employee training.

— Tax credits: A company can receive tax credits of up to $30 million for new manufacturing facilities, and a separate tax credit of $3,000 per new employee in each of the first three years. Tesla could qualify for a $5 million tax credit if it installs at least $300 million worth of renewable power capacity.

— Property tax breaks: A factory that is placed in one of seven foreign trade zones in the state gets a break of up to 80 percent.

— Sales taxes are waived for machinery or equipment used directly in manufacturing, and electricity or natural gas used for businesses engaged in manufacturing.

Car Talk / Re: KIA Motors Unveils Multi Billion Naira Plant (25,000 Cars/year) In Lagos by Wallie(m): 8:48pm On May 18
Perhaps, if you ever lived in saner climes- you would know that the government directs companies to different parts of the country once they feel a particular place is too congested. They can take it or leave it. You don't take up everything to the detriment of yourself.

That's why London is the way it's.

Not exactly. I can't speak to London per se but what you do is to zone an area. Certain types of businesses are not conducive within city limits due to pollution and/or danger. BUT almost every city, state or country ACTIVELY competes for industries to be located within their geographic limits especially if the industry does not have an undesirable environmental or moral effect on the local population because that means more tax revenue. More tax revenue means more money for schools, hospitals, fire stations, police, trash collection, clean water, etc.

The reason this does not happen in Nigeria is because most states are oblivious as to how to generate IGR due to the way the FG distributes “free” money at the end of the month! All the states have to do is to just sit there and wait for money to show up in their accounts at the end of the month!
Car Talk / Re: KIA Motors Unveils Multi Billion Naira Plant (25,000 Cars/year) In Lagos by Wallie(m): 8:36pm On May 18


So you see if you are the CEO of a major international organisation looking to invest vast resources in Nigeria you'd always take Lagos, Ogun state are the only ones taking Lagos business and that due of proximity.

For industry to spread effectively across Nigeria the national rail and toad network needs to be improved drastically, any company especially those trading in heavy finished products/ raw material , would need to be able to transport raw materials from port to factory safety, with ease and at cost, and distribute finished products , only rail can effectively enable that capacity inland.

That is how CEO and logistics management reason when choosing a location for hubs and factories, ever wondered why many companies have a logistics hub in Holland ! its within 3-5 hours of many central EU countries.

Car Talk / Re: KIA Motors Unveils Multi Billion Naira Plant (25,000 Cars/year) In Lagos by Wallie(m): 8:31pm On May 18
Someone asked why Kia built the plant in Lagos. People fail to realize that most businesses take long-term actions based on well calculated steps that would yield their desirable outcome, which is more profits.

If you're going to build such a long-term project in a challenging environment like Nigeria, you have to weigh the following factors:

1. Large pool of workers and graduates that can be trained – the plant cannot run itself.
2. Banks big enough to handle your transactions and provide you access to quick money – wire transfers to-and-from Korea and access to dollars will be critical.
3. Quick and cheap access to ports – you need to get your parts quickly.
4. Logistics
5. Infrastructure
6. Desirability of your location to your employees - if you build a plant in the middle of nowhere, a lot of people will not want to go there.
7. Favorable taxes and tax breaks – at the end of the day, nobody likes to pay taxes.
8. Security
9. Customer location – as a business, you need to be close to your customers.
10. Location of similar companies – you now have a pool of employees to poach from.

A combination of the factors above will determine your chosen location! Kia is in it to make money for their investors and you can be rest assured that whatever they plan will be based on sound business judgment and not emotion.

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Car Talk / Re: The Reason Why That Your Tokunbo Car Keeps Overheating Here In Nigeria by Wallie(m): 3:12pm On May 15
Engine Overheating? - 9 Steps to Solve

1 - Clean Coolant?
2 - Radiator Debris?
3 - Leaks?
4 - Air Burp?
5 - Lower Radiator Hose Spring?
6 - Electric Fan?
7 - Thermostat?
8 - Water Pump?
9 - Fan Clutch?


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Car Talk / Re: The Reason Why That Your Tokunbo Car Keeps Overheating Here In Nigeria by Wallie(m): 3:06pm On May 15
How Car Cooling System Works



Business / Re: Sponsor me to build a 3D house printer,and we'll split profit 50%- 50% For Life. by Wallie(m): 10:00pm On May 08
On to my main topic..
I have gotten an investor.. I would be having a long talk with him today or tomorrow.

I doubt you need my advice but here it is anyway -

1. Start with a small prototype as that will ensure that your resources are not wasted and you can learn from experience because even with the most detailed blueprint, there will be a lot of things to learn to pull it off. Things will never work the way it is planned and a million and one things will go wrong. Your goal should be to use your resources (money, time & material) to complete the first prototype and learn from it.

2. If you build your first prototype and it is "more" than just slapping a foreign made kit together, even if incrementally more, you will easily get the exposure that you need to build a real 3D printer (maybe even an industrial one that can build large objects). If and when you get a working prototype that YOU built and it is not a kit, reach out to me if you can't get the exposure that you need.

3. Consider building “parts” because industrial sized equipment is not needed.

4. I'm attaching some patents that should teach you some of the things that could be helpful.

Methods and apparatus for 3D printing

3D printing and forming of structures

Methods and Apparatus for Computer-Assisted Spray Foam Fabrication

5. Don't give up. Good luck!


Politics / Re: PWC Report Latest:CBN And NPDC Refused To Open Their Financial Statement To PWC by Wallie(m): 9:46pm On Apr 27

PWC should have refused to be part of this charade,I know they wanted to chop audit fees.This report holds no water and does'nt follow global standards I expect a query of the Nigerian office from the headquarters

If I were Buhari, I will make PWC refund the fees and punish them for being part of the charade! This is the type of stuff that they wouldn't dare do in western countries!

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Politics / Re: PWC Report Latest:CBN And NPDC Refused To Open Their Financial Statement To PWC by Wallie(m): 9:43pm On Apr 27
I am wholly disappointed in GEJ and his administration! The least GEJ could have done was to ensure that the result was accurate! They just wasted whatever was paid to PWC and our time spent reading the worthless report! The report is not even worth the paper it was printed on!

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