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AgamaProf's Posts

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Education / Re: Federal Government Scholarship 2016/2017 Exam Updates by AgamaProf: 5:18am On Jul 20
i will soon start writing them. i am never tired of writing.

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Education / Re: Federal Government Scholarship 2016/2017 Exam Updates by AgamaProf: 8:45pm On Jul 06
have not been paid o...pls, has anyone in uniben been paid?
Education / Re: FSB Scholars Cry Over Non-Payment Of Arrears By The FG by AgamaProf: 7:27am On Jun 29
Have not been paid , whats happening.
Education / Re: Federal Government Scholarship 2016/2017 Exam Updates by AgamaProf: 9:18am On Jun 16
Thank God o....I finally can defend my thesis now.
Sports / Re: Portugal Climb Up To 5th In Latest FIFA Rankings As Belgium Stretch Lead by AgamaProf: 11:39am On Jun 14
Where is Argentina. Dem don loss?
Education / Re: NDDC Foreign Post Graduate Scholarship 2019 Application Form by AgamaProf: 10:25am On Jun 14
The conditions are fair. This is for those that have planned schooling abroad. Not the normal graduate seeking job. What this means is that you must have written all the qualification exams, GRE or GMAT, TOEFL or IELTS and have secured admission abroad but unfortunately he cannot meet the tuition fees and living expenses over there. So, he needs apply with his admission letter and the rest requirements.

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Business / Re: CBN Signals End To Official Rate Regime For Naira by AgamaProf: 9:51am On Jun 14
[quote author=Ugosample post=79314522]

there are countries with high productivity but negative net exports
hope you know that....

Yeah I know....but why do you think they devalue Naira if it's all about productivity alone. Devaluation will increase the amount of Naira it will take to import. So devaluation is to encourage local production and discourage import. When you increase production to optimal level, then prices will fall. But the point am trying to drive at is that, what we are discussing is exchange rate issue and if that is the case, then we are faced with global trade. Then we begin to ask, at what rate does the Naira exchange for the dollar?...this is pure balance of payment issue not merely production.
So, basically, what I was trying to say is that the GDP is a major driver of everyother macroeconomic variables, it drives inflation, exchange rate even the market index. So at the level where production is centred at meeting only local production, GDP drives inflation. That is, price of goods will fall. But at the level where production is aimed at export, that is a point beyond local production, GDP drives exchange rate.
Education / Re: Lady Does Photoshoot With Her PhD Thesis by AgamaProf: 1:14am On Jun 14
asuustrike1:

Hmmmm! I wonder when a black man would develop a theory or is there one from Africa?
Theory don't fall from the blues. It comes as a result of hardwork. Let starts from this, how many quality research papers come from Africa? ...And what's the level of pliagiarism?....are we researching new areas or already flooded areas?.
Business / Re: CBN Signals End To Official Rate Regime For Naira by AgamaProf: 1:10am On Jun 14
Ugosample:


it's not really about the exports per se

But productivity

Boosting productivity in Nigeria will boost the currency and the economy
many people live lavish lives in Nigeria but add zero productivity to the economy


The two key functions of money is

Store of value
Measure of value

But if there is no value to measure or no value to store, the currency is useless
and THAT is precisely the predicaments of Nigeria

not really the imports per se

What is productivity?.....it's basically GDP. If GDP increases, import will reduce. It's still export. We will attract more fpi and fdi. We need to export more to attract forex. GDP=less import=more export. In any analysis, it is often advised that one should avoid using both GDP and export because they might co-move or have a positive correlation. Export is based on GDP.
Politics / Re: Buhari: I Will Assemble A Strong Team Of Ministers For Next Level by AgamaProf: 11:55am On Jun 13
These are vague statements. Just like in attribution models, how will you achieve all these things?
Politics / Re: 9th NASS: Jostling For Other Principal Offices Intensifies Read More At: Https: by AgamaProf: 9:53am On Jun 13
NASS is just like a shark dominated system. Everybody trying to have a cut of the national cake. These people are there for themselves and their family alone.
Business / Re: CBN Signals End To Official Rate Regime For Naira by AgamaProf: 8:43am On Jun 13
Sinach0191:
Economist pls hw do u make naira appreciate
A long lasting way to make the Naira appreciate is having more of net export. If we export more, we have more of dollar reserve. That's why you always read news that cbn is pumping more dollar into the economy. If there is surplus dollar compared to the Naira, dollar rate will fall against the Naira. We must address the root of our problem-Low GDP, translating to low export and more import. As it is, we are not earning enough foreign exchange to keep the Naira in a good shape.
What basically the cbn does is policy work....all those expansionary and fiscal policies. Pump dollar from dollar reserve which is not sustainable-they are just temporary after the market might have adjusted itself back to equilibrium. It's a crazy viscous circle. But, the Naira value can only appreciate and sustained through billions of US dollar. The US dollar is the benchmark for every currency because it's less susceptible to volatility. The US market has the strongest efficiency-semi-strong form.

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Education / Re: Lady Does Photoshoot With Her PhD Thesis by AgamaProf: 8:23am On Jun 13
KingAzubuike:

Really? I think PhD should be the toughest then bsc. Masters is the easiest. In PhD, 90%/are usually student-lecturers so you attend classes too, lots of them, even mark scripts , invigilate exams and run errands for your supervisor (oga). grin. I'm talking from the Nigerian system tho.
Oga, you are wrong. Which masters is the easiest?. I wrote more than 20 different courses for M.Sc. and the exams no be here. You be given plenty questions with little time.
You have to master the literatures and speak them even when just woken from sleep...not all these undergraduate studies that you can pass without even opening the book.
The bedrock for the PhD is the masters. At masters level, you must read your heart out. You must master the literature. At the phd level, you begin to have a school of thought, philosophical ideologies, that is philosophies and you begin to question existing theories.

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Car Talk / Re: Customs Import Duty Has Been Increased by AgamaProf: 9:21pm On Jun 11
KingOdart:
We should start patronizing our own local goods instead of importing everything
Do we produce anything?

1 Like

Health / Re: Sister Has Fibroid But Afraid Of Surgery, Help With Alternative Solutions by AgamaProf: 2:20pm On Jun 11
Starving it of food is best. Take lime, vinegar. Avoid eating groundnut oil or taking cholesterol based food such as chicken, red meat, fried fish. Rather eat smoked fish, vegetables, eat cucumber, ginger but not water melon. Just watch the diet, anything that will aid growth is not good for fibroid. Don't take all these sugary soft drink again. You can drink plenty of water. Eat beans....avoid white rice(eat brown local rice)....you will lose weight but after two months, go for fibroid test, and compare to the fibroid test taken before the diet. It would have shrink.

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Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 9:45am On Jun 11
PrecisionFx:


U can't borrow to fund agriculture, it's a sector that sucks in government money.
Agriculture is a project just like dam construction. Funds can be borrowed. My only fear is the usual inefficiency issues that every government owned enterprise faces. But this idea is well thought out-form a joint venture. The joint venture contract will have to state that the administration and management of the agric venture would have to be done by the involved private sector partner while the government contribute, may be in a 70-30 ratio, of the funds. With this, agriculture won't just have to suck money, it will yield profits.
Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 9:18am On Jun 11
PrecisionFx:


Yes they receive those things u listed continuously from the federal ministries of agriculture. They also receive money directly if there's any form of epidemic that affects/kill THEIR livestock or plants.

Still boils down to what am saying, state governments in Nigeria can't fund agriculture, they don't have the funds because FG collects all the money generated by any state's natural resources n send them very little amounts monthly.

Massive private sector investment (usually from abroad) doesn't really help the common man financially because those private sector guys are capitalists, they only come here to grab as much profits as possible


What we need is for government to fund individual farming, thus creating direct n sustainable source of income to farmers.
But the states have been borrowing to pay salaries, why can't they borrow to fund agric?...The last time I checked, Lagos state is the most indebted state with more than 1 trillion Naira. Although, Lagos started to key into this agric idea. They have LAKE rice but it's not still sustainable. If they can partner with Kebbi to produce rice, why can't other states do so?. I believe the more reason Lagos had to partner with Kebbi was majorly land availability issue else, the farms would have been sited directly in Lagos. The same cannot be said of Edo state or other less congested states. It's high time states Government started thinking exponentially rather than stick to archaic method of waiting for monthly federal allocations. Debt don't kill if properly managed.

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Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 7:49am On Jun 11
PrecisionFx:


In America where there is enabling environment, The Government stil funds agriculture.
The American government funds agriculture but it's not exclusive. The door is open to private investors who might want to go into large scale agriculture. Although, most of the time, farmers receive fertilizers, and seedlings, as subsidy to encourage production.
Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 12:14am On Jun 11
PrecisionFx:


So how will the local villager in Ogttoja get Obasanjos kind of farm?
I made mention of providing enabling environment. This is infrastructure issue. A well developed transport system. Rail, cargo ship, cargo plane. When we have these alternatives, transport cost will be cheap. This apart, each states can focus on agricultural products they have comparative advantage for. So, if for example Edo produces yam tuber, Oyo may produce cocoa, Niger may produce rice. Just according to their strength.
Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 11:57pm On Jun 10
PrecisionFx:


Go to America's Europe, Asia, etc.......Governments power agriculture. Private sectors don't have much interest in helping farmers, they want to rake in their own massive profits.

Government subvention runs large scale agriculture for the masses
If we have more of farms like Obasanjo farm, don't you think it will go a long way. And who told you agriculture isn't as profitable like every other business. And about funding, private sector can actually get the huge funds. If private sector can venture into distribution aspect of power, why not agric?....is power distribution not capital intensive too?
Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 10:14pm On Jun 10
PrecisionFx:


Agriculture is powered by government subsidy n only FG can do it. It is capital intensive
I don't think so bro. Private sector can come in if federal government can provide enabling environment. Also, it could be inform of joint venture.
Celebrities / Re: Davido Celebrates Adebo Ogundoyin, Speaker Oyo State House Of Assembly by AgamaProf: 5:20pm On Jun 10
happney65:


It all boils down to the fact that it was a polygamous family..If it were to be just a nuclear family it wont be so..His Gigantic Building at Ajeigbe bus-stop Ringroad. Crown,is still laying down fallow since he passed away in 1991
Right to some extent.

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Celebrities / Re: Davido Celebrates Adebo Ogundoyin, Speaker Oyo State House Of Assembly by AgamaProf: 5:07pm On Jun 10
happney65:


The properties would be mis-managed because the Elder Ogundoyin was a polygamist
Not only his children, even the people he once helped and put in charge of the company, once he got demised, took over the company and ran it down.
Some will even go to any of his facailicie, pick any equipment and sell.
Celebrities / Re: Davido Celebrates Adebo Ogundoyin, Speaker Oyo State House Of Assembly by AgamaProf: 4:34pm On Jun 10
I know this guy. His dad did good for alot of people. The polytechnic Ibadan, Eruwa campus was named after his father-Ogundoyin. A very wealthy man. Today, most his properties are mis-managed.

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Agriculture / Re: Huge Cassava Harvested In Imo State, Taller Than The Owner!!!!! (Photos) by AgamaProf: 3:47pm On Jun 10
This is what most of the Nigerian states should embrace. Have often said it, agriculture has not only dual but multiplier effects-food production for local consumption, Forex earnings, job creation, source of raw materials for our pharmaceutical industry etc. You can't go wrong venturing into agriculture as a state. Agriculture is us, we are agriculture. By my standard, any state which cannot generate an internal revenue greater than federal allocation is a failed state. Edo state for example has fertile soil and a very large expanse of land. So what stops the governor from investing in Agriculture. This will reduce crime rate to the bearest minimum. Agric based industries will be created. More competition created as a result of private sector involvement. I can go on and on. People like you and I need opportunities to govern our states.

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Politics / Re: EFCC Withdraws From Goje’s N25bn Fraud Case by AgamaProf: 3:11pm On Jun 08
DissTroy:


We have to do something. South Africans, Ghanaians and whites bring up Naira Marley's issue when there are inter-country e-fights on Twitter. That means the world is watching. Naira Marley has to be sacrificed. I have nothing against him but he has to be sacrificed. I don't mind if he's canonized afterwards but on this case, he has to be sacrificed.
Magnitude of offence,...Naira Marley may escape. Nobody has come up to say he defrauded them. The few evidences or witnesses against are those yet to be presented by master card.
However, Goje's fraud is very glaring #25billion.
The crime Ibori commited was well punished by UK government but he would have been able to maneuver if the said country was Nigeria. Up till now, Ibori still has large number of followers and even political god-father to some upcoming politicians.
Politics / Re: EFCC Withdraws From Goje’s N25bn Fraud Case by AgamaProf: 2:48pm On Jun 08
DissTroy:


Naira Marley's case is bigger than you and I, the EFCC or even the federal government. It's about Nigeria's reputation beyond our shores. If Naira Marley is let off easily, the western media would manipulate it to mean the Nigerian society endorses fraud.

Someone has to be sacrificed on that alter of reputational credibility . Sadly, Naira Marley has to be that lamb. He's perfect for it - he's an artiste who embodies the affluence of such fraudsters and he's famous.

For your sake, mine and your buddies doing good around the world, Naira Marley has to be 'sacrificed', even if he gets a 4-month jail term.
You do have a good point premised on reputation but I believe the reputation you talk about is long torn by public service corrupt practices. Buhari, or the EFCC are not the best of persons to fix the already torn reputation. Come with clean hands if you must come to equity.
Politics / Re: EFCC Withdraws From Goje’s N25bn Fraud Case by AgamaProf: 2:32pm On Jun 08
DissTroy:


Dude, being in possession of someone's credit card details without their permission isn't just an "ordinary" case. Buhari is incompetent but Naira Marley is a pilferer - a thief!
What is good for the goose is good for the gander. Make dey release Naira Marley too. I don't support fraud but I hate selective judgement.
Education / Re: BBC Features The Ajegunle School Where Fees Are Paid With Plastic Bottles by AgamaProf: 1:16pm On Jun 08
This is a brilliant idea and well thought out one. How do we help the poor masses, how do we contribute to the society. Easy funding-find plastics and have your wards school fees paid. Heathy environment-Now, we can be free from flooding as a result of plastics dump into gutters, water bodies can be free from plastic refuse. Staffs will be paid from the plastic proceeds. At the end, everybody is satisfied. God bless the initiators of this brilliant fund raising idea.

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Politics / Re: Buhari To Open EFCC’s Anti-corruption Summit On Tuesday by AgamaProf: 1:10pm On Jun 08
Toothless dog....

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Politics / Re: EFCC Withdraws From Goje’s N25bn Fraud Case by AgamaProf: 12:59pm On Jun 08
And here is Naira Marley been charged to court for ordinary card found on him

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Politics / Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by AgamaProf: 12:56pm On Jun 08
You failed

1 Like

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