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Politics / Re: Govt Cuts Overhead Expenditure By 30 Per Cent by 2bosun: 7:12pm On Jul 11, 2011 |
Donlittle: Well done Mr. Aganga, unfortunately that is only one part of the problem. Budget implementation was around 80% when you came in, it has spiralled down 50% under your watch. Domestic and foreign debt is shooting through the roof, with no difference in the lives of the people- all under your watch. Conclusion: You were inept as the finance minister, you had your chance to make a difference and you blew it! Good luck to you as the new Minister of Trades and Investments- you'll definitely need it. |
Business / Re: Finance: Aganga Makes Way For Okonjo-Iweala by 2bosun: 11:02pm On Jul 08, 2011 |
Aganga= very talented fellow just a square peg in a round hole. I hope he does a better job this time. |
Politics / Re: 2011 Budget Not Good For Development – Okonjo-Iweala by 2bosun: 11:37pm On Jul 07, 2011 |
seanet02: Unfortunately, if you put all sentiments aside you see that Aganga is somewhat responsible for the state of the economy. Important facts you need to look at include the fact that in 2005, Nigeria parted with our "hard-earned" 12 billion dollars to exit the Paris Club of debtors. Fast-forward to the end 1st quarter 2011- we are back to 6 billion dollars of foreign debt. Secondly, the $500 million euro-bonds put out sometime ago by Aganga is currently at a record low because of problems in the euro zone that show no signs of slowing down- so that has not been very successful so far. The only minor positive so far is the foreign reserve at $33 billion, which was about $30 billion when OBJ left office- so not much growth there too. Lets not even talk about domestic debt (N4.5 trillion). This man is a classic investment banker, they are over-optimistic with their projections , take too much risks, and almost always cook up figures to please. So much debt means high recurrent expenditure, low capital expenditure to ever get to the common man in form of schools, hospitals, roads etc. I am surprised he's getting screened again- hopefully he'll do a better job with his next portfolio. I ain't an economist but I know this guy does not know much about the complex nature of the Nigerian economy. |
Business / Re: Ngozi: Islamic Banking Is Ok by 2bosun: 12:03pm On Jul 07, 2011 |
There is nothing fundamentally wrong with Islamic banking, like she mentioned it is practised all over the world. We have to respect other people's religion; even though the Islamic banking principle is a based on a very fundamental one. Most fundamental Muslims also tend to be very radical in their mindset. Having said that, I think the timing could have been better- in the midst of the ongoing religious crisis, it should have been put on the back-burner at least until the crisis subsides. It has the tendency to further overheat the polity. |
Politics / Re: Okonjo-Iweala appears before SSS, police for security clearance by 2bosun: 8:34am On Jul 05, 2011 |
Segun Aganga needs to go, he's generally clueless. I'll take an economist over an investment banker for that position any day! |
Foreign Affairs / Re: Dominique Strauss-kahn Case Reportedly Near Collapse by 2bosun: 5:22pm On Jul 01, 2011 |
The case will collapse very soon. The man seems innocent, the victim's credibility has been torn apart by the prosecutors. He's free without bail now, the next step is the complete dismissal of the case. I think it was a setup! P:S: The victim's lawyer is not helping matters as well. |
Business / Re: Expect Hard Economic Decisions - Jonathan. Why? by 2bosun: 11:37am On Jun 28, 2011 |
Imeobong: We are saying the same thing. The importation ban is not what is needed right now. He needs to focus on things you said like security, power etc. If he tackles the power situation alone in his 4 year term, I think most Nigerians will be satisfied. Foreign investors will come if the structure is there- let's not even talk about security yet. Sao Paulo, Brazil is one of the world's most dangerous city yet all multinational companies are flocking to Brazil now because of how easy it is do business and most importantly how much profit they can realise from doing business there. |
Politics / Re: Lagos Cabinet: Fashola’s List Tears Acn Apart by 2bosun: 11:18am On Jun 28, 2011 |
hannie: Being a commissioner is not the only way you can serve in a State Cabinet is it? You need to read, think, and then write- not the other way around!!! |
Business / Re: Expect Hard Economic Decisions - Jonathan. Why? by 2bosun: 11:08am On Jun 28, 2011 |
warrior01: There is absolutely nothing wrong with what he is trying to do in creating proper incentives for local manufacturers like May & Baker, but he has to strike the right balance between tightening import regulations and creating these incentives. Goods would become expensive (which is probably why he said it would be painful) and push up inflation without this sort of balance- because at moment it is cheaper to import some commodities into the country than to manufacture them locally- which shows how much work needs on the economy outside the import rules. He has to allow the market to dictate prices to an extent and also focus on creating a conducive environment for foreign investors. Completely "shutting the door" on importation alone would be the right move at the wrong time. |
Politics / Re: Lagos Cabinet: Fashola’s List Tears Acn Apart by 2bosun: 8:18pm On Jun 27, 2011 |
Eko Ile: Are you talking about the national legal adviser position? He's had that for some years now- even while he was commissioner in the previous administrations. I think some people with ambition are "gently" been sidelined by the leadership of The ACN. The same thing happened to Senator Mamora- that party supremacy B.S is not exactly democratic is it- especially when they're losing their finest politicians? |
Politics / Re: Lagos Cabinet: Fashola’s List Tears Acn Apart by 2bosun: 7:29pm On Jun 27, 2011 |
What happened to Dr. Muiz Banire? He was one of the more efficient commissioners in the previous administrations. |
Travel / Re: Is The Uk Worth Staying In Anymore Or Should One Consider Moving Back To Nigeria by 2bosun: 4:02pm On Jun 24, 2011 |
snowdrops: There is no doubt about this fact and this is one of the most sensible posts on this thread. Having said that, if you're earning 50K in the UK- I thinks it's too solid a foundation to risk and move to Nigeria without testing the waters. You definitely have to go to Nigeria to see what's on ground, it is indeed a very fertile ground for business I know this because I and couple of friends put our resources together and make a very decent profit on doing business in Nigeria, even though individually, we make just about half your salary in the UK (we're not married with kids though). But when you calculate the "tax-free" profit we earn in Nigeria and add it to the salary- trust me brother you'll be laughing. With your salary you can start something very small (although you need to be extremely careful about who and what sort of business you engage in), it'll always grow because Nigeria is still an emerging market with loads of opportunity. I think you need to definitely go for about 2-3 months or so before you consider any move- mixing it up would be the best option in my opinion. Everywhere you go in the developing world, you'll mostly be taxed heavily. Ask the Americans how much of their salary is chopped off for health insurance- which you don't have to deal with here. Think Twice Brother. |
Romance / Re: Will You Marry Someone Outside Your Tribe Or Ethnic Group? by 2bosun: 3:32pm On Jun 24, 2011 |
tpia@: Yes that's fair enough and you're probably right but there is nothing wrong with marrying outside your "tribe". If anything, it only means we've progressed beyond all the "I must marry from my village" sentiments as compared to our fellow country men- don't it? The world is a global village now guys- I would marry someone outside my tribe- Hell, I would even marry someone outside my continent if everything is right! |
Politics / Re: Nigeria (lagos) Put In The Spotlight Again by The BBC by 2bosun: 11:55pm On Jun 16, 2011 |
obowunmi: ezeagu: People do care about the image of African countries being portrayed by the Western media. While the BBC does not go out of its way to report falsehood- most of the events really happen- it is the overly negative view of Africa that hurt our image abroad. We can argue to some extent that potential investors and tourist (like my boss who rang me for the 3rd time about a show in Lagos on the BBC) would be discouraged about the negative coverage of the continent. I am yet to see a balanced report about Africa from the BBC. Yes- we know there are massive developmental challenges in Africa and proper structures are not in place for the youth to "produce documentaries that will change the image of Africa". The truth is that western media hate to portray the fact that the so called "third world countries" have middle incomes too which will put them on the same page. [size=14pt] You are completely missing the point by saying China just suck it up, spin it around, and throw it back because China has tangible proof in being the country with the 2nd highest GDP in the world- so it obviously does more than just employ a spin doctor! |
Politics / Nigeria (lagos) Put In The Spotlight Again by The BBC by 2bosun: 9:28pm On Jun 16, 2011 |
BBC has put Nigeria in the spotlight once again- this time on its show "Breaking into Britain". As expected it's nothing nice and has to do with the negative aspects of the country. Somebody actually obtained a Nigerian passport without any links to the country amongst other fraudulent/desperate practices. The Western world never highlights Nigeria (or Africa as a whole) in positive light, which is unfortunate because there are positive things happening on the continent. It's clear that Nigeria (and Africa) still has a long way to go in terms of development- is there really a need to expose our already tattered reputation without highlighting any positives. Where's the objectivity? I think it'll be made available on YouTube at some point for non-UK users. http://news.bbc.co.uk/panorama/hi/front_page/newsid_9511000/9511700.stm |
Politics / Re: Tambuwal Is The New Speaker For The 7th Assembly by 2bosun: 8:33pm On Jun 06, 2011 |
The SW does not need to be "mainstream"- We've been in "mainstream" politics for the past 12 years and it has brought nothing but backwardness and division to the zone. I think AC knew exactly what they were doing by delivering their votes to the North. A speaker from the SW might pose unnecessary problems to the politics of AC in the SW and Nigeria in the future. Votes are starting to count in Nigeria from the look of things, and the best way to win votes is by delivering on your mandate- 2015 is definitely a far shot for the SW to get back into "mainstream" politics- all the talk of Fashola as President/VP is premature right now (although anything can happen in politics) I believe the AC would be looking to erode their ways into other Southern states, which would be the only way the would stand a chance to wrestle power from the mighty PDP. It is definitely a work in progress for the AC- they are slowly trying to gain national relevance which was underlined by the meeting with GEJ- a very calculating move because they would also be looking to expose his weaknesses and show themselves as a credible alternative if given any chance . I have always been against the SW speakership- just look at what happened to the last 2 speakers- it's a bloody shame! Let them develop the SW first for the world to see and then if that's not enough to get back into the "mainstream"- then that would be Nigeria's loss. |
Politics / Re: Anyim Pius Anyim Appointed SGF by 2bosun: 12:16pm On May 31, 2011 |
I think it is a fine appoint by G.E.J and would finally enable the South-easterners to showcase their talent. The SGF is a very demanding and sensitive position from the looks of it- it requires lots of experience, which he's obviously got. I think he was probably the "most scandal-free" candidate out of the other options which must have played a role in his appointment. I'm putting my money on him to deliver just as Chieft Ufot-Ekaette did in the Obasanjo era. |
Properties / Re: Properties 4 Auction! Auction! Auction! (call Solex - 08033082046) by 2bosun: 3:14pm On May 14, 2011 |
Please send the prices to my email - oadamson@yahoo.com |
Properties / Re: 1 Property For Sale In Alapere,ketu (Lagos) with pictures by 2bosun: 9:37am On Mar 08, 2011 |
@harakiri: Is the second property currently occupied or vacant? You could email me-oadamson@yahoo.com |
Properties / Re: Half Plot Of Land Inside Ogombo Main Town Going For 1million Asking Price by 2bosun: 12:52pm On Feb 15, 2011 |
@kaflex, Where exactly is Ogombo Main Town? |
Properties / Re: Properties For Sale In Different Locations by 2bosun: 12:59pm On Feb 11, 2011 |
I have to say that this is quite impressive and I wish all agents on NL would take a que from you and show us the details of the properties. Good work! @ #25- where in Ajah is it? and what are the documents on it? Email me-oadamson@yahoo.com. |
Properties / Re: Plot's For Sale Off Badore Rd,just After Addo Turnaround For 5.5m asking. by 2bosun: 4:47pm On Jan 24, 2011 |
Hello James, Do you have any pictures? Please send them to oadamson@yahoo.com, Thanks |
Properties / Re: High Rated Properties For Sale by 2bosun: 11:26am On Jan 17, 2011 |
@ poster "15. UNCOMPLETED 4 BEDROOM BUNGALOW BUILT TO LINTEL LEVEL ON A PLOT OF LAND. =N= 5 MILLION" Where is this located?? |
Politics / Re: Adeboye Who Prayed For Ibori, Fayose, Tinubu, Ibru, etc, Prays For Jonathan? by 2bosun: 8:29am On Dec 21, 2010 |
My guy be careful lest you invoke a curse on yourself. Remember even Jesus prayed/healed criminals. You're not in a position to judge anyone my brother. |
Properties / Re: A Bungalo 4 Sale At Ilasama by 2bosun: 11:48am On Dec 14, 2010 |
how much? |
Properties / Re: Pictures Of A A Decent 3 Blocks Of 2 Bedroom Flat With A Roomself Contain by 2bosun: 9:14am On Dec 08, 2010 |
? |
Properties / Re: Pictures Of A A Decent 3 Blocks Of 2 Bedroom Flat With A Roomself Contain by 2bosun: 9:07pm On Dec 02, 2010 |
@ Lisma Is this currently being occupied, whats the size of the land, fish pond functional? |
Properties / Re: Half Plot Of Land At Crown Estate, Lekki by 2bosun: 9:16am On Nov 22, 2010 |
How much? |
Politics / Re: Dora Akunyili: From A Great Scientist/Administrator To A Great Rabble Rouser? by 2bosun: 10:04pm On Nov 18, 2010 |
No one is bashing or slandering Dora, yea fair enough it seems like a square peg in a round hole situation but at the end of the day she is not performing creditably enough on her current position and thats the plain truth. My (and your) taxes pay her salary so you and I have a right to constructively criticize her if you don't feel she's performing well enough. She was outstanding at NAFDAC! No question about that, I'm in that field so I know how much work has been done to sanitize it. The issue of calling Nigeria "Naija" shouldn't be something she should focus on, writing to companies and all that. I think its a slang the youth use-a cultural thing, I've never heard my parents use it. This is the domain of the tourism and culture minister and not the Minister of Information and Communications. Information and Communication technology is still largely untapped in Nigeria (Internet penetration -still very low)- lots of work to be done in that field, I've never heard Dora say a word about it. The way GEJ handled the Independence bombings- Mrs. Akinyuli is a communication minister, she should be clarifying those gaffes GEJ made and communicating and informing the public what he meant and NOT TELLING US WHAT SLANGS TO USE!! What happened to freedom of speech!! |
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