₦airaland Forum

tkb417:
lets do the maths

i give you 15%

take off 15% from 71, what do you have?

71-10.65= 60.35

tkb417:
all you indicated are not enuff to drive oil prices below 60

for crude prices to hit 50ish, then somethn drastic would have happened a la what we experienced during the melt down.
This is just a 'temporary glitch' and is not uncommon in the global oil trade space

tkb417:
crude price to go below 60 this year? how? and what would cause that?

Ibime:
I think the question should be directed at Paddylo who told us authoritatively that crude oil would never cross $67/barrell. . . 

Kay 17:
that's a lame point, the health care would change millions of lives. the society heads to a safer future. Or else another Chile or prerevolutionary France and Russia.

Isn't that the reason we save the excess. We've had an excess of almost $15 the whole year now. If the price goes down just $10 below to $57 and stays so for the rest of the year, we wouldn't have any real problems as the excess would serve as a comfortable buffer.

PapaBrowne:
In an exclusive forensic check by FS Online, it was discovered that he arrived in the Latin American nation only last week Friday


http://www.financialstandardnews.com/home_newsdetail.asp?id=403040048263889

From Simeon Nwakaudu, Makurdi

THE Sultan of Sokoto, Muhammad Sa'ad Abubakar III, has urged the Nigerian Broadcasting Commission, (NBC) to immediately remove the British Broadcasting Corporation (BBC) from the nation's airwaves over the broadcast of a negative documentary on the nation's commercial headquarters, Lagos State.

The Sultan stated that the portrayal of Lagos State in the documentary was not a true reflection of what was happening in the state, stating that the state government had made marked improvements in different sectors of the state.

In an interactive session with the Nigerian Governors' Forum peer review team, the Sultan noted: "If I were the Federal Government, of course am not, I would have ordered the NBC to yank off the BBC from the airwaves pending when it redresses the situation or presents a balanced documentary on the situation in Lagos, the nation's commercial capital".

"I felt bad when I watched the documentary on Lagos State because I know that so many good things are happening in that state, which the BBC as a reputable organisation ought to have highlighted", he said.

He stated that as a leading international medium, it was incumbent on the BBC when presenting the report of a community to ensure that both the negatives and the positives were highlighted. He said the series being broadcast by the BBC dwelt totally on the negatives, which fell below the principle of fairness.

"We have good and bad sides. If you show the bad side, then it is incumbent on you to show the good side as well. If we are to show the bad side of America, so many people will not visit that country", he said.

According to him, Nigeria is the only nation of the world with about 50 per cent Christian population and 50 per cent Moslem population that enjoys relative peace for the better part of the year, which is never promoted by news organisations like the BBC.

He said: "The BBC would never promote such positives where peace is enjoyed almost throughout the year. Once there is a problem in the nation where peace is disturbed with a few killings, that would be the focus of the BBC rather than the over 300 days of peaceful co-existence within the years".

Katsumoto:
If the IMF is cheaper, why don't all countries go to the IMF?

Meeting in Brussels, finance ministers from the 16 countries that use the single currency accepted the need to stump up more than €110 billion ($146 billion) over the next three years. In effect, the rescue funds (€80 billion from the eurozone buttressed by €30 billion from the International Monetary Fund) will replace commercial borrowing from the financial markets between now and 2012. The hope is that will buy Greece time to bring its deficit under control through savage cuts in public spending: Greece has agreed to austerity measures worth 13% of national income over the next four years.

So is this a big leap forward: the start of an economic union willing to transfer vast sums from rich regions to ropier members of the club, in the interests of all? For the moment, scepticism is in order.

ziga:
I don't think you deserve any more responses from me or anybody else.

An Uncultured, ignorant Bush M.oron with computer and internet access is just like a monkey with a shotgun in hand.

blaksmith:
I guess I do not need to respond to your comment 4play. as Ziga has pointed out the ineptitude of you argument and recommendation. Lagos should build another runway in MM, please tell me when Lagos and Federal Govt become one and the same. As to you comments on local private investors, it does not hold water. the need is obvious and apparent but Nigerian banks are not financially capable of handling such capital intensive projects, most of what they do is open lines of credit with foreign banks and fund local projects, so excuse you, if you really don't have any cogent response on this issue. Don't talk for the sake of talking.

ziga:
I think you are the one who is delusional.

Last time i checked MMIA is FG property, and they prevented the LASG from even upgrading the Airport road when they tried to. I hope you read about that in the news!!!

Well at the current capacity, MMIA is grossly over-utilized!!!

Please check your facts!!!

blaksmith:
Under utilized?!!! MM int'l was over utilized and still is, before MM2 was built. Local Airport is even over utilized. MM2 is the only airport that can come close to some level of int'l standard. And it is not under utilized. Before I 'attack' your comments, i will point out that you have aired an opinion without giving a factual basis for your comments. Lagos is the most viable and profitable int'l route in West Africa!!! and it suffers from having only one int'l runway, how then can it be under utilized. I remember a few years ago both British Airways and Virgin Atlantic were almost begging the Federal Govt for an increased number of slots into Lagos, Before you make comments on this issue scroll through some of the posts which aptly counter your comments. I suggest you read my first comment on page 7!!! sheez!

May 3 (Bloomberg) -- Euro-region ministers agreed to a 110 billion-euro ($146 billion) rescue package for Greece to prevent a default and stop the worst crisis in the currency’s 11-year history from spreading through the rest of the bloc.

The first payment will be made before Greece’s next bond redemption on May 19, said Jean-Claude Juncker after chairing a meeting of euro-region finance ministers in Brussels yesterday. The 16-nation bloc will pay 80 billion euros at a rate of around 5 percent and the International Monetary Fund contributes the rest. Greece agreed to budget measures worth 13 percent of gross domestic product.

“It’s an ambitious program, it’s austere but it’s absolutely necessary,” Juncker told reporters. European Central Bank President Jean-Claude Trichet, speaking at the same press conference, said Greece’s plan will “help to restore confidence and safeguard financial stability in the euro area.”

Policy makers agreed to the unprecedented bailout after investors’ concerns about a potential Greek default sparked a rout in Portuguese and Spanish bonds last week and sent stock markets tumbling. At stake is the future of the euro 11 years after its creators left control of fiscal policy in national capitals.

Sky Blue:
Here is the thing that is a tad annoying though, you came on the thread and said that PPP by definition means public money is also spent and therefroe Lagos government would foot a part of the bill. I told you that was not the case, there are different types of PPP and that neither you nor I had seen the contract, I even gave examples of PPP projects in Nigeria which have been funded by the private sector, so what is all this really about? You keep saying I should provide evidence of the private sector investors when I have just told you its about neither of us knowing and you jumping to conclusions as if you have been given exclusive acess to some high profile documents.

The Lekki Free Trade zone actually surfaced before 2008 since I was aware of it in 2007 and work is actually being done on it right now; I became aware of the airport proposal in 2008. Mentioning that the proposal has been on the table since seems a tad petty considering the state government was also looking for investors and trying to convince them to invest in the rail project for quite a while and guess what? Investors were finally found and work is ongoing on the project as we speak. The proposal for the rail project was already there before investors from the private sector signed unto the project meaning the scale or design was not necessarily dictated by them. Getting the private sector involved does not mean they have to dictate the scale of the project, getting investors a lot of the time is also about being able to sell them an economic and profitable opportunity which can range from vague ideas to full out concrete plans and proposals.

I seem to be the one doing the "copy and paste" which is beginning to make this exchange look like petty point scoring, so genuinely no offence if I don't oblige anymore and just ignore your future posts if I would have to be the one obtaining info we can all obtain.

Exerpt from an article to consider with regards to the private sector funding of the Lekki Free Trade Zone, so stop making it sound like private sector funding in a PPP is a new and alien concept.

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35 foreign and local firms commit to Lekki FTZ - http://allafrica.com/stories/200910130117.html

Thirty five foreign and local investors have signed Memoranda of Understanding (MOUs) with Lagos State Government to invest $1.496 billion in the Lekki Free Trade Zone, according to a recent Growth and Employment Report (GER) on Nigeria by World Bank Country Office, Abuja.

Five companies account for 64 percent or $955 million of the planned investment. These are Telsy Energy Consulting & Investment Limited that plan to build a power generating plant on a 20-hectare piece of land at a cost of $480 million and Giorgio Dredging Limited which is to build a petroleum products storage facility at a cost of $200 million on a 10-hectare expanse of land.

In line with efforts to attract foreign investment into Lagos State, the government has allocated N40.5 billion for the development of the Lekki Free Trade Zone into a world-class trade centre.

To that effect, a land use and infrastructure master plan for the 16,500 hectares has been approved by the government, which is expected to be equipped with modern facilities, including seaport, light rail, goad road network and telecommunications.

Barack Obama is the target of a shadowy smear campaign designed to derail his bid for the US Presidency by falsely claiming he had a close friendship with an attractive African-American female employee.

The whispers focus on a young woman who in 2004 was hired to work on his team for his bid to become a senator.

The woman was purportedly sidelined from her duties after Senator Obama’s wife, Michelle, became convinced that he had developed a personal friendship with her.

The allegations were initially circulated in August, just two weeks before the convention at which Obama finally beat his opponent for the Democratic Party nomination, Hillary Clinton.

The woman, now 33, vigorously denies the vicious and unsubstantiated gossip.

And some Washington insiders suggested that she was the victim of an 11th-hour attempt to smear Obama by die-hard Hillary supporters.

Liedetect:
Whats wrong with mud huts except size of the old types?

Mud huts simply require redesigning. Mud is a versatile and relevant material. If we hadn’t been so brainwashed using mud could have saved us billions’.

ziga:
Abeg tell dem ooo. Oyinbo man talk dis oyinbo man no dey do am so. . .

Oyinbo talk say all of us be slum

Lets do what works for us, and not just follow blindly.

Surely, one day we'll be set free.

ElRazur:
Not really, it is an example to show that resources are limited. A very obvious one to be honest.

Yes, the UK population is an ageing one, however one do not cut one's nose to spite one's face. While I am not opposing infux of immigrant, what I am saying here is that it should be controlled with a balance between the number of those going out and number of those coming in and on the basis of what it can be done for the UK economy. I.e A controlled form of immigration that benefits the UK both in the short and long term.

I think the point she was raising was more to do as what is perceived as lax immigration rules and some how porous borders when it comes to issue of immigration. Again, I have no problem with her asking, and as I have stated, her actions do not make her a bigot.

ElRazur:
Is this an economist view or something?

I don't know about you, but allow me to give you a real life application. In practical terms, resources are limited. Be it houses, be it any form of social consumable, there is just a limited amount that can come in here. Like I have stated in other threads, there should be a balance and the way it stand we are yet to find the balance here. Hence one of the reasons I think there should be controlled immigration.

ElRazur:
This guy, I like your resilient. You do not give up, I like people like that.

The point is that the whole story takes nothing or add anything to me as a person. I then gave you an example where a sexual scandal of a former US president made no change to my life at all.

Just like I have posted mine, you have posted yours - views and opinion. 2012 election in the US do not impact me in the UK. And as it stand, this is just an allegation. For all we know it may not hold water. When Obama is docked in court and in front of the congression or senate to testify, perhaps you may have a point. [That is a BIG PERHAPS] until then, this story as it stand mean nothing to mean and my life.

ElRazur:
4play you are missing the point and now we are going into areas that are not even related to the original issue. The point before we lose it is that talking about controlled immigration and getting rid of illegal immigration do make one a bigot. I think that is the point and to be honest, debating the same thing from yesterday and other places I frequent can get tiresome.

On a side note, resources is limited and as such, it is necessary to introduce schemes like point based system etc. I have no problem with this if plenty of immigrant uses as an avenue to come here.

ElRazur:
The problem here is that, it is your opinion. As it stand, Obama allegedly sleeping-with some woman I don't know up in the US, means shiittt to me to be brutally honest. And nope, it do not affect my life.

How did Bill Clinton having intimacy with monica had an impact on my life? None. And this was even a proven issue, talk less of this one that is nothing but allegations. Nah wah o.