Adminisher's Posts
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Maybe we should say it in Igbo or Nigerian English. Minara wey dey underground na federal gofment na hin get am. Na so e be for efry kontiri |
tunshe:D gal is above average let us say the truth. Aside from that the man is only trying to commend her for the hardwork that comes with burning those fat deposits after childbirth. |
gists:They have bombed assets that we hear are not even profitable to run. The oil price did not even increase because of it, Buhari did not look their way (the man visited about three countries in one week), they have polluted their own land and the bombing affected just 15% of the production of Nigeria's third largest producing company. To make matters even more stupid, the Army is now all over Delta State harassing civilians and looking at the young women with not too wholesome eyes. The militants who did it have run to the creeks. The FG will fast track the importation of more gun boats and choppers. Some other idiots have kidnapped westerners which means the embargo on some equipment to Nigeria will be lifted. Even more stupid, the Tom Polo a billionaire community leader has displaced himself from reckoning and the FG will substitute him. He now has to run from one mosquito infested fishing settlement to another for the next two or three years thus playing into the hands of his enemies. The stupidity in this situation is AMAZING. |
Let us use the example of buying a house in an estate that is advertised at N10m. The value of the house is N10m but because people are rushing to buy the houses in the estate, the price shoots up to N10.5m simply because of oversubscription. When you buy the house you pay N10.5m the new value because the value went up. To make money you rent it out for the coupon rate 15.54% per annum . That is a good example to explain coupon rate. Your tenants will be paying you 15.54% of the value of the house every year. That is your income annual income for being the landlord or TBA holder in this case. If you want to sell your house it will probably be more than N10.5m because the face value would have jumped up again because people are still rushing it. Sometimes unfortunately it would have come down |
Calebsky:Please explain legally why the Niger Delta State governments are not possessing the crude oil. Why have they not appropriated it.? |
I am looking for suitable curses and invocations to lay on these young men who are praying for terrible things for their country. The holy spirit tells me to take it easy. |
ahaz:Anybody mining in the north is a criminal. It is worse than oil theft and just as damaging. We should pressure FG to clampdown. Tomatoes and surface farming is not a good example. Nobody can take that from the individual or community. The issue is minerals. |
sanandreas:Yes. All the solid minerals they are mining illegally in the North belongs to the whole of Nigeria. Southerners can institute a class action suit to force the FG to clamp down on illegal miners within a time and we can claim damages for rights infringement and loss of economic value to an asset we co-own. |
papaejima1:Anything on the surface belongs to the individuals, state government, community, families . If you see anybody grazing on your land throw them out. |
fastestfinger:You have just given the correct example. No individual has right over airspace. Only federal government . No state government can assert right over air space. Meanwhile an individual can build a house as high as exactly where international civil aviation laws permit |
I am an APC supporter but I like these critical questions being asked about the budget. We must ensure that this government dies not go the way of Jonathan's |
dtruth3:Bullshit. Go and tell that to them in the fishing ports where they are drinking kai kai. It is corruption in the Nigerian Army that has kept all these idiots alive till now. |
Pidggin:Your IQ is very low. What do you think has been happening for the last 55 years?. All the oil companies have made money and Nigeria has experienced billions in oil boom in the 70s, 80s and 2010 to 2015. As we are talking the people who own the oil - all Nigerians and Oil companies like Shell/ExxonMobil and Total have been enjoying it. It worries me when young people don't display intelligence. The oil has been taken already. Compensation has been paid at 13% . They called it derivation and I agree it is too low. The Niger Delta deserves more revenue. However it is important to think and talk intelligently. |
crixtex:Very intelligent question . The oil reverts to the legal entity that replaces Nigeria. However if Nigeria divides, (which will never happen) legally the FG and Shell/Agip/Total/Local oil producing companies are going you slap a law suit on the entity that claims ownership and ask for compensation running into hundreds of billions. Let me tell you, as at now Shell is claiming a part of the crude oil reserves in many countries as part of its company assets. Those reserves are in many Sovereign countries where they have formed JV or are doing PSC. Part Niger Delta oil reserves are being quoted (legally) as Shell held reserves. No law broken. They have spent billions of dollars on exploration. God has not created another planet for Nigerians so that we can escape international law and ways of going things. |
[quote author=bjdon post=42518274]By that same token Lagos does not belong to anybody but to all Nigerians, since as the former Federal capital it was developed with the resources(human and capital) of ALL Nigerians. [/quote GOD will bless you for saying that. No educated Yoruba person will argue that. As a Yoruba man I dint even want Lagos for only Yorubas. It will devalue and subtract from the colour] |
naija8080:Thank you. Our first landlord in 1969 in Lagos was an Ibo man. Extremely hard working, living in Enugu . I still marvel at Nigeria as an old man now when I recall just 11 months after civil war a man like that could take his hard earned property and still be making money from it . No Yoruba man disturbed or stole Ibo properties like it happened in Porthar court. Most of the nice 3 and 4 star hotels in Abuja are owned by Ibos. It will be theirs for ever. I was in the thick forest of Ilara, Lagos State last month and low and behold a Bayelsa man was there talking about doing fish farming in partnership with the natives. No body can challenge you on surface land rights to farm or live if you have ownership People are just LYING to you. Abeokuta people cannot hold Nigeria to ransom for cement that is coming from their land. It is the Federal Government property licensed to Dangote. Ajaoukuta, NigerIan should have been making $5bn every year from this if the project had worked . No Igbira or Okenne man can do rubbish. Everything below SIX feet is the FG's. |
crixtex:The oil does not belong to the people of the Niger Delta. It belongs to Nigeria . This is clear and ongoing. Nigeria has abused the land of the Niger Delta people and should be paying rent for surface rights and access rights. However where the oil is ; in the deep dark bowels of the earth 2km down is not Niger Delta at all The oil belongs to the FG by law and shared with the companies that risked billions of dollars to look for the oil and are keeping hardworking engineers and scientists busy 24/7 for years to produce it. That business takes years to even break even and start making profit. |
ckmayoca:Dude I don't believe illuminati/ freemason stories as much as I don't believe the evil of Islamic banking stories. Money is money and Nigeria is broke . I was just responding to jokers saying that taking Islamic money to develop an Islamic area of Nigeria is bad. IDB loans have been taken by Nigerian state governments since the 60s. Nigeria has big things going on that area. Mambila plateau is the best agricultural zone in Nigeria that is GDP growth from farming and agro allied industries. Mambila Hydro electric will generate 5000MW of electricity. So many things but schools have to be open and people have to be resettled . The welfare of Nigeria and the black man is a more important thing than parochial, tribalistic, brain dead thinking. Like Abuja, if that place us reconstructed and booming, the Ibos would be the first to invest even more in the place for their own growth so what are we talking about. |
NapoIeon:But you like Jonathan and Fayose with same passion. Let me tell you what you are doing. It is actually in the Bible that people welcome evil and own it as if it is their own. With the revelations about this people what is your attitude towards them? I am talking about Jonathan paying dollars (not naira) to finance a local election and Fayose rigging elections. What is your attitude to this?. |
Vikings007:30% recurrent budget is a VERY GOOD THING and a first in 16 years compared with PDP average of 15%. The only reason recurrent budget is even as high as this is the massive social intervention programs SIP which more exposed and intelligent observers would praise for an economy like Nigeria. Nigeria will spend the bulk of recurrent on the poor, the kids and the young people for a change. I will cincede thatvthe Presidency and the National Assembly should bring down their budgets for 2016 to 50% of what it currently is. |
temblor:Joker. Goodluck is actually the cause of the entire problem |
rugged7:Those monies that Goodluck Jonathan, Dieziani and Dasuki STOLE and they have NOT denied will eventually be recovered. It is not propaganda. Let Dieziani come to Nigeria now to tell us it is propaganda. We want her to even go on TV where she is hiding and tell us what APC government is saying is propaganda. Then we will believe it. For now you are just an idxxt defending thieves who have more resources to defend themselves but are not. . Go figure. |
thundafire:According to Ben Bruce, the only intelligent man remaining in the PDP. Nigeria should borrow as much as posdible to put into power and infrastructure. If you do that without corruption it is a very good thing. He believes Nigeria should not be borrowing to fund holes in the budget but should borrow big to do big things. Like integrated transport system, power and so on. Buhari has not borrowed up to one fifth of Jonathan era borrowing and will not waste it like Dr Clueless Jonathan putting 35 million dollars in a briefcase for Ekiti elections |
iamkeyz:We need money to build the North anyway and the people are already Muslim. Maybe your Goodluck fawning brain does not realise that yet. I here better stories about the Islamic bank than satanic illuminati and all other stories I hear about western banks. Or maybe you don't want the place rebuilt , now that is very very dangerous for the south and even your phantom self deceitful and dead Biafra. If we don't do what we need to do now, you cannot stop these guys when they head south. Please take that from me. |
uselessgoat:Of course it is a SCAM |
ozoigbondu:You guys are making the mistake of your lives. Goodluck JonAthan is the worst human being ever to enter politics in Nigeria. He is still going to PRISON. The only thing is that when he goes, which is not this year or next or the one after that . There won't be anybody who will complain. |
MCMLXXVI:The boy will be wasted and nothing will happen. Nigeria buries her enemies. |
ihatebuhari:The FG is buying arms massively. Very soon Boko Haram will die then Ipod, Ipad, Militants and other jokers in the South will also feel the hail of lead. |
andyanders:Good question . They apparently delayed the freighting so that Generals could chop. The amounts this man is quoting for buying obsolete aircraft will draw serious RIDICULE to Nigeria and it's people. The fact that they are even throwing the figures around shows they are not even intelligent on top of being thieves. When you have a down-syndrome looking guy like Jonathan in charge of a country, this is what you get. |
andyanders:Good question . They apparently delayed the freighting so that it goes into expedition rates and Generals could chop. The amounts this man is quoting for buying obsolete aircraft will draw serious RIDICULE to Nigeria and it's people. The fact that they are even throwing the figures around shows they are not even intelligent on top of being thieves. When you have a down-syndrome looking guy like Jonathan in charge of a country, this is what you get. |
Anthony0094:Jonathan is a complete waste of oxygen. We cannot question why God created someone but I think that is one of the lousiest human beings alive . Completely pretentious, self absorbed and lacking in sense of history. He took an office he did not work for or deserve and thoroughly messed it up embarrassing his family and kids who would have to carry the bad name about. |
This man did not build NO aircraft. He is an untrained modeller. He deserves commendation only to the extent that he displayed good motor skills moulding a contraption that looks very much like an aircraft. Nothing more. |
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