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Politics / Re: Ghana Completes Complex Interchange For Just $94 Million by Aconomist: 7:26pm On Apr 10, 2021
Vaughanlanrewaj:



Hahaha....$94m is not just in Ghanaian cedi. Ghana denominated by knocking off a few zeros just few years ago and the new cedi has been devalued by several times such that new cedi is an equivalent of about 60K old cedi.
That country is far behind put putting up so much PR including ad on CNN. It was not even among the top 5 foreign investment destinations in Africa despite having a nascent oil industry.
We may have our issues but Ghana with such little population is even behind Lagos in terms of investment and GDP.

The project is quoted as paid for in dollars. Funding came from the AFDB.

You people don't realize how far behind Nigeria is. Serious investors in the West don't even consider Nigeria anymore.

22 Likes 1 Share

Politics / Re: Ghana Completes Complex Interchange For Just $94 Million by Aconomist: 7:23pm On Apr 10, 2021
South Africa is only 58 million people compared to the Hausa population (future Awera Republic) which boasts 55 million and is growing rapidly. Everybody has enough people to form powerful countries. Break up Nigeria.

37 Likes 1 Share

Politics / Re: Ghana Completes Complex Interchange For Just $94 Million by Aconomist: 7:17pm On Apr 10, 2021
Godblessbiafraa:



That's the more reason they should let Igbos go their way


#GBB

Yea, all the major tribes have enough people to form functional countries. The amalgamation is senseless.

31 Likes 1 Share

Politics / Re: Ghana Completes Complex Interchange For Just $94 Million by Aconomist: 7:14pm On Apr 10, 2021
Godblessbiafraa:
You can't compare Ghana with the big for nothing Nigeria


God bless Biafra
There are only 30 million people in Ghana. And the population of Igbos is around 40 million. That's enough people for a functional country.

Kenya is only 52 million sef..... I don't know why Nigeria is broken yet.

44 Likes 1 Share

Politics / Ghana Completes Complex Interchange For Just $94 Million by Aconomist: 7:10pm On Apr 10, 2021
How much do you think this would cost in Nigeria?

8 Likes 3 Shares

Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 6:14pm On Apr 10, 2021
UnabashedIPOB:
The Nigerian National Petroleum Corporation (NNPC) has said it will build a gas-powered plant in Maiduguri, Borno State to address challenges in electricity supply to the area caused by incessant Boko Haram attacks

The above statement is akin to "Monkey dey work, Baboon dey chop." The area where the gas that sustains the ZOO is produced don't the people deserve to have constant power supply? Does it mean that every infrastructure imaginable MUST go to the north? When people say that they are tired of your insensitivity and callousness, and want to take their destiny in their own hands by going their separate way you say, NEVER! Who the F**K are you?
stop talking and do what needs to be done to destroy this country.
Politics / Re: 2023:President Capable Of Providing 24 Hour Electricity,Good Roads & Healthcare by Aconomist: 6:04pm On Apr 10, 2021
techmo:
cool




Only in Nigeria will you see people who haven't paid $1000 in tax or developmental levy in their life want steady electricity

Even people who ran off in diaspora think they have any right to dictate how the rest of us struggle to run Nigeria

If you have any brilliant idea apart from wailing, go get your PVC, or join politics




.
well your politicians pay themselves $30,000 per month in the assembly and you haven't massacred them yet. Taxes need to go up, but spending needs to reduce drastically first.

2 Likes

Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 3:49pm On Apr 10, 2021
spacechuks:


Ghost town with total darkness, whereas we have what could change our lot,

We need restructuring, we need to control our gas and oil, we need to better the life of our children to come, we cant afford to continue this way ,

We are suffering whereas our land is blessed, we are denied federal jobs in nnpc ,nlng ,dpr etc , yet our southern leaders are okay with the trend
you have no culture or civilization. It's every man for himself
Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 3:46pm On Apr 10, 2021
michlins:
Where will the gas be coming from? This administration is plain stupid. The insane amount of money it will cost to lay pipe from South to far North will be enough to establish very big solar system in same North and it will forever solve their power issues.


The the South can use gas from oil rigs that are flared.
.
Who advises these people
they already are building the pipeline
Business / Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 3:44pm On Apr 10, 2021
Wizzzzmike:


Illiterate at its peak Lol...why did you mention Ghana, when Ghana has nothing to do with price of cement in zoogeria lol... Lagos economy is bigger than Ghana but yet they're more poverty in Lagos than he whole of Ghana... I see stupidity is friend huh?
Most ghanians practice open defecation. Monkeys

1 Like 1 Share

Politics / Re: The REAL Reason Biafra Will Not Exist by Aconomist: 3:42pm On Apr 10, 2021
InyinyaAgbaOku:


See him happy that the same white men are against the possibility of a great black nation in the coming of Biafra.
To think his prototype of a great black nation is Nigeria as it it where nobody knows whether he will see the next day thanks to state sponsored terrorism , you begin to see that the black race is a hopeless one since Nigeria is the best she can muster.
Rossikke , with you, it sucks to be black
I couldn't agree more. Who would want to be part of such a collosal failure? People like Rossike are so stagnant and satisfied with mediocrity.
Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 3:40pm On Apr 10, 2021
Idiko1:


The structure will never see a drop of gas. Where will the gas sourced? I hope the plan is not to source the raw gas from Niger Delta or southern Nigeria? If Lagos and Abuja cannot be restructure in the defunct eastern region and midwestern region respectively, it is safe to say disintegration of Nigeria is the sure best thing.
They already built a gas pipeline to the north
Politics / Re: Why Nigeria Can’t Stop Borrowing – CBN by Aconomist: 6:10am On Apr 10, 2021
Blacks are born to be slaves. Of all races to be a part of, why this one?

1 Like

Politics / Re: It Is Becoming Increasingly Too Dangerous To Farm In Southern Nigeria by Aconomist: 5:01am On Apr 10, 2021
This is what happens when you have no civilization. Southern Nigerians are just like goats or monkeys. Every man for himself.

1 Like

Politics / Re: Prince Philip, Queen Elizabeth, Azikiwe & Obi Of Onitsha In Onitsha In 1956 by Aconomist: 4:54am On Apr 10, 2021
She was careful to wear gloves, as British Royals usually do, when shaking the hands of the African.
Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 4:51am On Apr 10, 2021
Yankee101:
Niger republic...

11 Likes

Politics / Re: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Aconomist: 4:48am On Apr 10, 2021
Words can't describe how much I hate Nigeria. 85% of Nigeria's economic output is in Lagos, but these braindead apes want to build the worlds largest gas plant in Maiduguri The power would yield more productivity in Lagos, PH or Onitsha.

141 Likes 4 Shares

Politics / Re: Buhari Called For Late Musa Yar'adua To Be Removed by Aconomist: 4:45am On Apr 10, 2021
I'm starting to believe these so-called presidents may legitimately be British agents.
Politics / Re: The REAL Reason Biafra Will Not Exist by Aconomist: 4:43am On Apr 10, 2021
History555:



Oga you and many lgbos that respond to threads on why biafra is bad for lgbos are disappointing us.

Ask your self why people are creating multiple threads all advising lgbos but the same people have never created a single thread on the menace and atrocities committed by fulani herdsmen and bandits.

Ask your self why people get jittery at mention of ipob, biafra and esn but are calm, cool and calculated at mention of herdsmen, bandits and boko.

Ask yourself why any little incident in the east generates so much attention whereas multiple incidents in the north generates no reaction. Example, this week there was imo police hq attack there was close to hundred threads and thousands of comments. But bandits killed 9travellers in kaduna and abducted 28, yet there was just one thread with 28 comments. Bandits attacked villages in niger state, yet just one thread.

Lastly ask yourself when all these hypocrites, idiots, dunderheads and asswipes giving advice to lgbos up and down began to care and love lgbos

As an lgbo man, your attention is needed to fuel all these useless threads, pls learn to ignore them. We are not the only tribe in nigeria. All these busybodies should shove their advice down their throats

I'm not even Igbo, and I notice it. Something is very mentally wrong with these so-called Nigerians, and I advise you to do everything in your power to escape from this sinking ship.

6 Likes 2 Shares

Politics / Re: The REAL Reason Biafra Will Not Exist by Aconomist: 4:41am On Apr 10, 2021
Rossikki:


Wrong. Many countries have calmed down after years of being on the precipice. The United States is one such nation. Their history is written in blood, slavery, riots, racism, lynchings, oppression, and genocide.

Yet look at them today.

Russia under Stalin was a nightmare, with an estimated 10 million Russians killed by his regime.

Yet look at them today.

You'd never know unless you were told.



Boko Haram are not seeking secession, and so do not attract the full force of the Nigerian military against them.

It is when you seek secession that you will know you are dealing against the entire world, not just Nigeria.
Nigeria is more like Yogoslavia, Somalia, the Austrohungairan empire, etc. This will not work.

1 Like 1 Share

Politics / Re: The REAL Reason Biafra Will Not Exist by Aconomist: 4:38am On Apr 10, 2021
InyinyaAgbaOku:
It won't exist and year in year out, you are worried about it, just like Nigeria. So much energy exerted on sth that won't exist.

And you even need the validation of other countries, including the Ines you tagged racist to prove your point. Oga, there is nothing superpower about Nigeria as we speak, the country is in a downhill slope, answering present in all bad indices.

Peaceful secession is suddenly more problematic to you that the terrorism , the banditry and yet another terrorism called Fulani herdsmen.
Rossike cries about the white man all day. But when his beloved president Bubu visits the white man for medical treatment, Rossike is silent.

7 Likes 1 Share

Politics / Re: Civil war Looms, "Restructure the Country Now"–PDP governors to FG by Aconomist: 4:35am On Apr 10, 2021
zoo country.
Politics / Re: Why Aren't There Any Developed Or Successful Black Nation In The World?k Nation by Aconomist: 3:03am On Apr 10, 2021
Rossikki:


You are the very epitome of ignorance, colonial miseducation, self-hatred and stupidity.
You are an utter disgrace to whoever gave birth to you, and I sincerely hope you don't infect your offspring with your poisonous, disguting self hatred and inferiority complex.


Rwanda, Ghana, Botswana, Tanzania, Angola, Kenya, Senegal, Ethiopia, Mozambique, Trinidad and Tobago, Barbados, and Jamaica are all fully black nations and are all doing well with fast growing economies. You've travelled to not ONE of those countries, guaranteed, but you've already formulated in your little dumb head that only countries with other races included with the blacks do well.

As for the other vomit you typed regarding ''Put [blacks] all in one place without mixing them any race then you will see how they will denigrate that place without any development.''

Explain THIS:

Benin Empire report by the UK Guardian newspaper:

''With its mathematical layout and earthworks longer than the Great Wall of China, Benin City was one of the best planned cities in the world when London was a place of ‘thievery and murder’.''

''The Guinness Book of Records (1974 edition) described the walls of Benin City and its surrounding kingdom as the world’s largest earthworks carried out prior to the mechanical era. According to estimates by the New Scientist’s Fred Pearce, Benin City’s walls were at one point “four times longer than the Great Wall of China, and consumed a hundred times more material than the Great Pyramid of Cheops”.''

Pearce writes that these walls “extended for some 16,000 km in all, in a mosaic of more than 500 interconnected settlement boundaries. They covered 6,500 sq km and were all dug by the Edo people … They took an estimated 150 million hours.. to construct, and are perhaps the largest single archaeological phenomenon on the planet”.

Benin City was also one of the first cities to have a semblance of street lighting. Huge metal lamps, many feet high, were built and placed around the city, especially near the king’s palace. Fuelled by palm oil, their burning wicks were lit at night to provide illumination for traffic to and from the palace.

When the Portuguese first “discovered” the city in 1485, they were stunned to find this vast kingdom made of hundreds of interlocked cities and villages in the middle of the African jungle. They called it the “Great City of Benin”, at a time when there were hardly any other places in Africa the Europeans acknowledged as a city. Indeed, they classified Benin City as one of the most beautiful and best planned cities in the world.

In 1691, the Portuguese ship captain Lourenco Pinto observed: “Great Benin, where the king resides, is larger than Lisbon; all the streets run straight and as far as the eye can see. The houses are large, especially that of the king, which is richly decorated and has fine columns. The city is wealthy and industrious. It is so well governed that theft is unknown and the people live in such security that they have no doors to their houses.”

In contrast, London at the same time is described by Bruce Holsinger, professor of English at the University of Virginia, as being a city of “thievery, prostitution, murder, bribery and a thriving black market made the medieval city ripe for exploitation by those with a skill for the quick blade or picking a pocket”.


African fractals

Benin City’s planning and design was done according to careful rules of symmetry, proportionality and repetition now known as fractal design. The mathematician Ron Eglash, author of African Fractals – which examines the patterns underpinning architecture, art and design in many parts of Africa – notes that the city and its surrounding villages were purposely laid out to form perfect fractals, with similar shapes repeated in the rooms of each house, and the house itself, and the clusters of houses in the village in mathematically predictable patterns.

As he puts it: “When Europeans first came to Africa, they considered the architecture very disorganised and thus primitive. It never occurred to them that the Africans might have been using a form of mathematics that they hadn’t even discovered yet.”


At the centre of the city stood the king’s court, from which extended 30 very straight, broad streets, each about 120-ft wide. These main streets, which ran at right angles to each other, had underground drainage made of a sunken impluvium with an outlet to carry away storm water. Many narrower side and intersecting streets extended off them. In the middle of the streets were turf on which animals fed.

“Houses are built alongside the streets in good order, the one close to the other,” writes the 17th-century Dutch visitor Olfert Dapper. “Adorned with gables and steps … they are usually broad with long galleries inside, especially so in the case of the houses of the nobility, and divided into many rooms which are separated by walls made of red clay, very well erected.”

Dapper adds that wealthy residents kept these walls “as shiny and smooth by washing and rubbing as any wall in Holland can be made with chalk, and they are like mirrors. The upper storeys are made of the same sort of clay. Moreover, every house is provided with a well for the supply of fresh water”.

What impressed the first visiting Europeans most was the wealth, artistic beauty and magnificence of the city.

https://www.theguardian.com/cities/2016/mar/18/story-of-cities-5-benin-city-edo-nigeria-mighty-medieval-capital-lost-without-trace
Why do we have to rely on white sources for this information?

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Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 2:53am On Apr 10, 2021
With that being said, I do agree with you that the dollar standard is artificially propping up the dollar and reducing America's inflation rate.
Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 2:18am On Apr 10, 2021
omonnakoda:
You are clearly out of your depth
The greater the productivity the higher the interest rates
You just spout glib nonsense after nonsense with such effrontery

Please stick to the US and do not bring Japan into it that is a futile attempt to pretend you have a clue what you are talking about
Interest rates are low because of economic stagnation

It is a monetary policy intended to increase the money supply . At the moment it is effectively less than zero that means there should be marked erosion in value of the dolar but this is not happeing because the demand for dollar remains high
IS THIS BECAUSE OF WHAT THE US SELLS TO THE WORLD? Does the US sell as much as China? Yet we buy dollars to shop in China

This high demand for dollar is a legacy of World War 2 that is enforced by many coercive tools
The international SWIFT trading system based in Belgium is effectively under the US control they can kick anyone out of it at will . Ask Iran

Is it rule of law to force countries not to trade with Iran? A clear violation of international law
Is it rule of law what is happening with Venezuela?

High interest rates come from high inflation because interest rates are determined by the inflation rate plus a risk premium. There are several ways to bring inflation under control, but for most import-dependent, third-world countries like Nigeria, improving productivity is one of the best ways to stabilize consumer prices and bring inflation down, which will reduce interest rates. Also, investors don't require such a large risk-premium to invest in companies operating in countries with strong rule of law and stability, which further reduces the cost of capital.

Remember, you brought up this issue of interest rates when talking about cost of capital (even referencing Starbucks and Amazon), now you are trying to flip it into a discussion of central bank policy. You are all over the place with your arguments. Calm down, take a breath, and think before you type.

1 Like

Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 12:19am On Apr 10, 2021
omonnakoda:


I beg to differ


It is the ""strongest" economy for so many reasons
It grew capital from the sslave trade and it won World war 2 and has the might to coerce evry nation on the plabet to use the dollar whether they like it or not
Every time two countries trade invariably they use the dollar and the US gets arbitrage every second for over 60 years

Nothng has changed since the British snatched Hong Kong from China with gun boats in 1898 except there is a new sheriff in town and they don;t have to colonise you officially just use the dollar and every now and then force the victims to devalue their currency or accept other indignities

Somehow there is always capital for miracle companies like Amazon and Starbucks and Facebook in America but where does that Capital come from? considering the size of debt in the US how come interest rates are still near zero?
Let us leave the naive talk.

Might is what determines wealth whether at the individual or national level
Interest rates are low all over the developed world, particularly places like Japan. It has more to do with economic productivity and rule of law than military might.
Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 10:01pm On Apr 09, 2021
omonnakoda:

You are introducing facts about Panam and Seychelles which I am not prepared to discuss and frankly are irrelevant.
At any rate did those places exist in those days ,did Bitcoin? You are very assertive with your opinions. There are plenty of monopolies now and in the history of capitalism . They dress them up differently and call it intellectual property , patents etc.

How many competitors were there for Coca Cola,/Pepsi. MacDonald/Burger King, Pfizer, Xerox, IBM Esso, Microsoft, Intel. I can go on for ever .
This is our developmental stage right now. That is capitalism.

Is Dangote the only monopolist in Nigeria? It is better described as an Oligopoly because he is not the only one selling cement but we see it in mobile Networks , Pay TV , Shell ,Julius Berger Mobil etc

Anyway I am not here to defend Dangote just to set records straight

There is too much emotional stuff here . Let us be factual
Almost every industry is oligopolistic.. Pharmaceutics, electronic, Oil and Gas


No one talks about Shell


No single company has done more damage in Nigeria
The United States is the strongest economy in the world because it has perfected capitalism to benefit the consumer. Yes, patents are a form of monopoly. But they exist to encourage innovation and expire on certain products (such as pharmaceuticals) to encourage competition. Asian companies perfected protectionism to shield their domestic firms from international competition. But they were careful to encourage stiff competition within their economies to keep their industries competitive with the outside world.

But instead of copying these obviously superior strategies, Nigeria has bastardized them -- taking the worse aspects of both. Protectionism without innovation or competition.

This strategy is obviously not working because Nigeria is barely growing at 2% annually, while other regions grew at double digits during this phase of their development. When you consider the country's population growth, there is something deeply wrong with Nigeria's development strategy. Time is also running out. We are entering uncharted territory with automation, machine learning, etc. Countries that don't industrialize by mid-century may never industrialize.

1 Like

Business / Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 9:30pm On Apr 09, 2021
Wizzzzmike:

Lol illiteracy is indeed a disease. Zoogerian calling someone monkey..lol
The whole economy of Ghana is smaller than lagos -- a city of 15 million. Useless Ghanaian coconut head. Why are you even here? Go worry about your own country.
Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 9:20pm On Apr 09, 2021
omonnakoda:
Go and study how America developed capitalism.
Study the lives of Rockefeller, Ford, Walton etc
Dangote is doing his share. He is buildin a refinery which he will probably not be around to enjoy

You do your bit
Rockefeller didn't stash his money offshore in Panama and the Seychelles Islands. Also, American capitalism is based on making products as cheap as possible. Ford is famous for making his cars so cheap that even factory workers could afford them. Nigerian "capitalism" is based on jacking up prices to insane levels and impoverishing the masses.

https://corporate.ford.com/articles/history/the-model-t.html

The Model T was introduced to the world in 1908. Henry Ford wanted the Model T to be affordable, simple to operate, and durable. The vehicle was one of the first mass production vehicles, allowing Ford to achieve his aim of manufacturing the universal car. The Model T was manufactured on the Ford Motor Company’s moving assembly line at Ford’s revolutionary Highland Park Plant. Due to the mass production of the vehicle, Ford Motor Company could sell the vehicle for between $260 and $850 as Henry Ford passed production savings on to his customers.

1 Like

Politics / Re: Rabiu Slams Dangote -- Accuses Him Of Usurping The Government by Aconomist: 4:50pm On Apr 09, 2021
obyrich:
1500 is too much. Let him first reduce it to #2500.
Cement price in India is 320 rupees or 1600. Dangote can sell for 1600 and still make profit -- after all, it is Indians managing his factory for him.

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