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ANBAKO's Posts

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Crime › Re: Local Car Dealer In Ilesa Kills Jobber Man, Hides His Corps by ANBAKO: 7:25am On Jul 19, 2015
Na wah for you ooo!!!
I hope you guys are not lying or else this Topmost guy will come hard on your a55 for defamation of character.
I cannot trust journalist....they are ready to write jargon to gain popularity.
Politics › Re: Why We Are Biafrans-igbos Can Aspire To The Highest Office In UK/EU Not Nigeria. by ANBAKO: 7:19am On Jul 19, 2015
Simply because in Nigeria, you cannot eat your cake and have it!!!
Politics › Re: Our Dasuki Story — DSS by ANBAKO: 7:07am On Jul 19, 2015
The drama unfolding. 14 vehicles!!!!
Why is he not allowing security operatives to perform their duty based on the warrant at hand?
Felony is a big charge oooo!!! Is that not what Awolowo was charged with in 1966?
May God help us ooo.

BTW, is this not the same DSS that was "hitting" PMB badly during the last election?
Naija and butt-licking!!!!
Politics › Re: Buhari Turns Down Former Petroleum Minister Alison-madueke Offer To Refund $250m by ANBAKO: 7:04am On Jul 19, 2015
Another poor journalism with no substance. We want action and not media hype to gain traffic.
Crime › Re: Abuja Church Robbers Meet Waterloo (pictured) by ANBAKO: 6:51am On Jul 19, 2015
Na Godwin.....** In Korede Bello's voice
Politics › Re: Buhari Wants To Imprison Jonathan – N’delta Group by ANBAKO: 5:59pm On Jul 18, 2015
Another poor journalism, cheap popularity.

If you do well....you cannot be afraid!!!
Sports › Formula 1 Driver, Bianchi, Dies From Crash Injuries - ***photo by ANBAKO(op): 2:58pm On Jul 18, 2015
French Formula 1 driver Jules Bianchi has died, nine months after suffering severe head injuries in a crash at the 2014 Japanese Grand Prix.
Bianchi, 25, had been in a coma since crashing his Marussia into a recovery vehicle at October's rain-hit race.
His family said: "Jules fought right to the very end, as he always did, but today his battle came to an end."
The Marussia team, now known as Manor, said Bianchi had left an "indelible mark on all our lives".
He is the first F1 driver to die from injuries sustained in a grand prix since Brazilian triple world champion Ayrton Senna was killed at the San Marino Grand Prix in Imola in 1994.

Bianchi, who had suffered a diffuse axonal injury, died in hospital near his parents' home in Nice in the south of France.
His family said: "We thank Jules's colleagues, friends, fans and everyone who has demonstrated their affection for him over these past months, which gave us great strength and helped us deal with such difficult times.
"Listening to and reading the many messages made us realise just how much Jules had touched the hearts and minds of so many people all over the world."
Bianchi made his F1 debut with Marussia in 2013 and was also a member of the Ferrari young driver academy after previously working as a test driver for the team.
The Manor team said in a statement: "Words cannot describe the enormous sadness within our team this morning, as we come to terms with losing Jules.
"He has left an indelible mark on all our lives, and will forever be part of everything we have achieved, and everything we will strive for going forward."
F1's governing body, the FIA, said the sport had lost one of its most talented drivers.
"Jules Bianchi was a popular personality in F1, possessing the best of both human and sporting qualities," it said.
The accident happened when Bianchi's car slid off the track and into a crane picking up the Sauber of German driver Adrian Sutil, who had crashed at the same spot one lap earlier.
A working group of the sport's governing body, the FIA, investigated the accident and found that as Bianchi went off the track into the run-off area, he "applied both throttle and brake together, using both feet" over-riding the fail-safe mechanism. His front wheels had also locked.
It also said that Bianchi "did not slow sufficiently to avoid losing control".
The world of motorsport has been paying tribute to Bianchi

Culled from BBC.com

Phones › 10 Most Burning Whatsapp Questions, Answered by ANBAKO(op): 3:34pm On Jul 17, 2015
1. I don't want a contact to know I'm on WhatsApp. Can this be done?
No
.
Even when you block a contact, they'll cotinue to have you in their contact list because they presumably still have your number in their phone book. The only way you won't show up is if the other person doesn't have your phone number saved in their phone.
The fact that you can't see that person on the contact list doesn't mean they can't see you, and vice versa. Whether or not you can see the contact doesn't make a difference: If they have you on their list, they'll see you. And you can't clear their list remotely.
If you suspect that they don't have you, don't give them your number or send them a message. When you add someone to your contact list, you'll see them on WhatsApp, but if the other person doesn't have your number, they won't see you until you contact them.

2. Can I appear as invisible?
Yes.

On Android, you either need to activate airplane mode before you read a message, or turn WiFi and Data off. That will prevent the last seen message from being updated, and you won't show up as "Online".
It's known as the poorly named "invisible mode", which really just disconnects data and WiFi. To activate the "invisible mode" on WhatsApp for Android easily, you can use WhatShadow, an accessory that turns off WiFi and data.
On iPhone, the issue is much simpler: just go to chat options and in advanced options, disable "Last seen online." Note that the changes can take up to one day to apply, so don't start reading straight away.

3. If someone is given my old number, will they be able to download my messages and see my contacts?
No.

They won't see contacts or be able to access old chats - that data is saved on your phone - but they can receive messages sent to your old number (without knowing who sent them).
WhatsApp gets its contacts from your phonebook, so it's unlikely that the person taking your old number will have the same contact. On the other hand, if the other person has WhatsApp installed, your friends will see that this person isn't you.
4. Is WhatsApp free or paid for?
WhatsApp is paid for.

It always has been and always will be a paid-for app. It's the only way the application can get away without having ads, something its developers have always fought for.
It's true that the length of the free trial period varies greatly between platforms, but either way, you end up paying very little to use the service.

5. Is there a way to delete contacts forever?
Yes
.
To delete contacts, simply remove them from your phonebook. If you don't want that person to be able to message you either, you'll have to block them.
But remember, if they have you in their phonebook, then they'll still see you on their contact list, but won't know if you're online or not.

6. Is there any way to tell if someone has read my messages?
Yes.

Theoretically, there is no way to know for sure if someone's read your message, but the introduction of the double blue check mark indicates just that. Here's a quick summary of what WhatsApp's icons mean:
Clock: The message hasn't left your phone yet, meaning there's either a problem with data or Wi-Fi connection. You can delete the message before it's sent.
Single grey check mark: The message has been delivered to the WhatsApp server. It's left your phone, but hasn't yet been received by the other person.
Double grey check mark: The message has been delivered to the other person's phone, but they haven't necessarily read it yey.
Double blue check: A new icon that indicates that the message has been read (or at least opened in your conversation) by the recipient.
In addition, if you hold down on the message and tap Info, you'll be able to see what time the message was delivered, and what time it was read. Remember though, that just because the message is 'read', doesn't mean that the person has definitely read the message. Chances are they have, but they may also have left open your chat and gotten the message without actually reading it.
7. If I block a person, can they tell?
No.

A common symptom of blocking is that you can't see the "last seen" or "online" status. Be warned though, if the other person uses WhatsApp on an iPhone, they may have turned off this feature.
Another result of blocking is that messages are left with only one tick and never get a second, although this could also be due to other causes, like the phone being turned off or lost.
If you know it's neither of these reasons, the chances that you've been blocked are hight, but it's still not 100%. If you really wanna know, trying sending an SMS or calling the person.
8. Is there any way to silence a group and receive the messages after?
You don't need to.

When groups are muted, the messages keep coming, only you're not notified.
To silence a group, just tap the menu button (on Android) or info (on iPhone) and press "Mute" or "Mute Group". It's a useful feature to prevent your phone from vibrating incessantly.
9. When you invite someone to a group, will they be able to read previous messages?
No.

When entering a group, a person can only read messages sent from that time. They don't have access to the history.
10. If I delete a message or photo on my phone, is it deleted from the other person's phone too?
No.

If only it were that simple. As it turns out, a message, photo or sound sent through WhatsApp will be delivered as soon as the first green tick appears.
The only way to delete a message before it reaches the recipient is to delete it before it reaches the server. Turn off the data connection and delete the message while it still has the clock icon beside it.
Politics › Re: Campaign After Election, By Yinka Olujimi by ANBAKO:
Let us all look before we leap.
I will prefer us to block leakage and wastage before gunning for corrupt past officials.

Mr Olujimi, I strongly disagree with your write up. Portraying that APC as whining is incorrect and a fallacy.
APC statements are always reply PDP's propaganda. Unfortunately, your write up is very vague as you only mentioned 2 APC members:
first is Lai Mohammed, who is doing his job as the Party's spokesman. A spokesman job is to speak for the party thereby defending it stance, beliefs, achievement and plans.
Oshiomole as CEO of a state needs to tackle the reason behind dwindling funds. One of the major story in Nigeria presently is the non-payment of salaries due to dwindling (or looted) funds.

When El-rufai tackled NNPC, he was proffering solution on how to check NNPC excessive corruption and lack of accountability and transparency which has cost Nigeria and Nigerians billions of dollars.
How many government officials are presently being investigated by anti-graft agencies? Nyako, Oronsanye, Silva etc.
The main actors of government have hit the ground running and there is visible progress. Record power generation was recorded last week, Change in high echelon of the military to intensify fight against terror.

APC is not whining but tackling the opposition's propaganda and lies towards the party.
Politics › Re: The World We Live In 2# Pic. For Intellectual by ANBAKO: 12:57pm On Jul 17, 2015
True talk!!!
Also add their family members watching it on TV in Europe!!!
It is a hypocritical world.

God bless us all
Politics › Re: State Governors Got N9.6trn From FAAC In 4 Years by ANBAKO: 11:29am On Jul 17, 2015
Haaaa!!!!!!!!

And they are all shouting GEJ!!!, NNPC!!!! Okonjo!!!
God will judge you all.
All these salary of workers that you are charing!!! There is God oo!!!
Politics › Re: The Biggest Opportunity In Agriculture May Be In Africa, And China Is Seizing It by ANBAKO: 11:17am On Jul 17, 2015
In Nigeria, everyone believes it is only government that is responsible for the country's woe.
Diversification of the economy starts from you and me....Large corporations like Shell, IKEA, Samsung, Toyota were created by people with solid ideas and not government. So let us start something. Nigeria is bad, Nigeria is bad but people like Dangote are creating wealth and employment.

Where are all the government large companies today? Delta Steel, Ajaokuta, NALSCON, NEPA, NITEL, Nigeria Airways
Politics › Transcorp To Spend $1.575 Bln To Boost Power Capacity By 2018 by ANBAKO(op): 10:30am On Jul 17, 2015
Transcorp plans to spend $1.575 billion to quadruple its power capacity to 2,500 megawatts (MW) over the next three years and provide a quarter of all power generated in Nigeria.

Transcorp, which also has interests in hotels, oil and gas, has the capacity to generate 610 MW and intends to raise that to 850 MW by the end of the year, it said on Thursday.

The group’s Transcorp Ughelli Power subsidiary, Nigeria’s largest gas-powered generating company, had capacity of 342 MW in 2013.

Nigeria has installed power capacity that fluctuates between 6,000 MW to a little more than 7,000 MW but experiences severe electricity shortages that are crippling economic growth.

Transcorp said it also expects to expand through acquisitions this year, as well as new projects that will start operations in three years to serve Nigeria’s growing demand for energy.

“We are speaking to different parties at different points of the transaction,” the company said in an email.

“Our target is to be responsible for 25 percent of the capacity generated in Nigeria … over three years.”

Shares in Transcorp, which have fallen 15 percent this year, shed 1.1 percent on Thursday.

The conglomerate was one of several companies to buy government power assets two years ago as part of a privatisation that was meant to end decades of blackouts in the country.

Transcorp said it expected the contribution of its power business to group revenue to rise to 60-65 percent this year from 25 percent last year.

Nigeria broke up its monopoly on power generation and distribution two years ago by privatising the sector in a bid to attract foreign investors, but the amount of power produced has stagnated at about half of total capacity.
Politics › Re: Buhari Is Too Slow!!! by ANBAKO: 10:20am On Jul 17, 2015
Kollyman:
BUHARI IS SLOW!!!

Buhari is slow but Megawatts is constantly increasing. Buhari is slow & foreign reserves are growing bigger.

Buhari is slow but things are happening faster.

This Buhari is slow but NNPC and NNLG are crediting funds into FG account, even without Petroleum and Finance Minister yet.

This man is very slow but state Governors where given N413.07 Billions to pay unpaid salaries in their states. No Doubt Buhari is slow but EFCC and ICPC are busy arresting suspects and charging them to court.

Buhari is very slow and Serenity is coming back to Nigeria.

No, he is very slow but US and other European countries have started freezing accounts of our looted funds.

I think this Buhari should continue to go slow as his being slow makes a lot of sense to me.
I agree with you!!!
But Buhari is slow and Nigerians are dying in scores daily because of Boko Haram.


Note: I am strong supporter of PBM & APC.
Sports › Re: Check Out This 1976 Poster Of Lagos Tennis Classic Series - Photo*** by ANBAKO(op): 7:46am On Jul 17, 2015
Tolexander:
ya right bro!

Stumbled on a news, "The 1976 ill-fated Lagos professional tenis championship", while I was trying to know the Nigerian past record on lawn tennis, I was so elated seeing the Wimbledon open title holder participating in the tournament.

I will try to search for the news anyway.

Now considering the trend of reverse development in Nigerian tennis, sometimes, I do ask myself if the glory can be restored.
let us hope and do our best individually to restore our lost glory.
Sports › Check Out This 1976 Poster Of Lagos Tennis Classic Series - Photo*** by ANBAKO(op): 10:08am On Jul 16, 2015
The poster is that of 1976 Lagos Tennis classic. Intriguing as it may be, this tourney was part of World Tennis Championship (WTC) series. This Tournament was in the category of present day Kremlin Cup (Moscow), Sydney International (Sydney), Qatar Open (Doha), Geneva Open, AEGON championship (London), Stuttgart Mercedes Open, Chennai Open all with around $200000 price money.
The 1976 Lagos Tournament featured legendary Arthur Ashe, Tom Okker, Jeff Borowiak all playing alongside Nigerian players. This is Amazing!!!
How backward our sport (and national) development has gone. Nigeria was at the verge of greatness but we loose track; where, when, how and by who - I don't know.
God bless Nigeria

Politics › Re: REVEALED: Boko Haram Prisoners Still In South East by ANBAKO: 12:47pm On Jul 14, 2015
tosynecutie:
Following the purported statement made by the Executive Governor of Ebonyi State, Dave Umahi that the Boko Haram Prisoners transferred to Ekwulobia, in Aguata Local Government Area of Anambra State has been relocated to Abuja; several reports have debunked the claim.

Umahi had told journalists during an inspection tour of ongoing projects in Abakaliki that since the suspects had already been taken to Abuja...

Read more: http://www.post-nigeria.com/revealed-boko-haram-prisoners-still-in-south-east/
I think relocating BH suspects to South East will definitely attract these suicide bombers. This is definitely not a good idea.
Properties › Re: 8 Plots Of Land For Sale At Ikorodu by ANBAKO: 10:49am On Jul 14, 2015
[quote author=erith post=35826833]1 have 8 plots of land for sale at parafa in ikorodu. The land is ideal for schools,eventcentre ,church and private building. ASKING PRICE IS 1,500,000 MILLION per plot.the land is fully fenced. kindly contact me on 08034446825[/quote
]
Where is Parafa in Ikorodu.
Politics › Rencap: Nigerian Naira And Kenyan Shilling Are 20 Percent Overvalued by ANBAKO(op): 1:31am On Jul 14, 2015
Looking at the pressures facing Sub-Saharan African currencies, Renaissance Capital has found that of the eight SSA currencies it analysed, the Kenyan shilling particularly faces significant depreciation. It also found that the Nigerian naira should weaken more than the shilling.

In its research note, Sub-Saharan Africa’s currencies: Which are most vulnerable?, released today, RenCap said macro imbalances and dollar strength place overvalued SSA currencies at risk of sizeable depreciations. Both the naira and the Kenyan shilling are around 20 percent overvalued, according to RenCap’s evaluation of Kenya and Nigeria real effective exchange rate (REER). Meanwhile, the Ghanaian cedi and Tanzanian shilling, which are undervalued, may remain so.

Monetary tightening by the Central Bank of Kenya, low exports, growing imports and a weak shilling recently led Renaissance Capital to lower its economic growth forecast for Kenya to 5.2%, from 6.0%. Rate hikes by the U.S. Federal Reserve are also expected to create further shocks in SSA monetary space.

Over the next six-to-twelve months, the U.S.-based IPO investment adviser expects the naira to depreciate by 18 percent to N235/$1; while it sees the Kenyan shilling depreciating by 7 percent. Thus, it has revised its YE15 shilling forecast to KES109/$1 as against the previous forecast of KES100.7/$1.

During a briefing to the National Assembly last week on the state of the economy, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, stated that the country’s foreign reserves had increased from the $29.1 billion position at the end of June to $31.89 billion as at July 7th. This appeared to be some good news given the constricted outlook of the CBN’s tight monetary policy. Recently, it placed restrictions for the purchase of foreign exchange for the importation of some 41 consumer and intermediate products. Nevertheless, there are reports of pent-up forex demand of up to $4 billion amid the very limited scope for further policy tightening to defend the naira.

As long as the price of oil, the biggest source of Nigeria’s foreign reserves, in the international market remains low, RenCap says it expects the naira to depreciate further.
http://www.financialnigeria.com
Sports › Re: Djokovic Wins Third Wimbledon Title - New Pictures*** by ANBAKO(op): 6:43pm On Jul 12, 2015
More pictures

Sports › Re: Djokovic Wins Third Wimbledon Title - New Pictures*** by ANBAKO(op): 6:38pm On Jul 12, 2015
More pictures...showing dejection and triumph

Sports › Djokovic Wins Third Wimbledon Title - New Pictures*** by ANBAKO(op):
World No 1 Novak Djokovic produces brilliant display to beat Roger Federer 7-6, 6-7, 6-4, 6-3 and become Wimbledon champion again.
Djokovic gives some love to what is rather unlikely to be his last Wimbledon trophy - he's the first to retain it since Roger Federer in 2007. The challengers - Federer, Murray, Wawrinka et al - will be back again next year, but who will bet against the gluten-free champion making it three in a row?

Politics › Re: Bot Chair: The Stormy Battle Ahead For APC Titans by ANBAKO: 4:27pm On Jul 12, 2015
House leadership has created cracks in the wall of APC, I hope that this BOT thing will not be the earthquake that will tear it apart irreparably.

APC-Change!!!
Politics › Re: ANTI-GAY LAW: We Will Pressure Nigeria To Reverse The Law–united States Govt. by ANBAKO: 12:12pm On Jul 12, 2015
Nigeria will comply only when Obama marries Mugabe.
Politics › Re: MINISTERIAL LIST: Buhari Dumps Amaechi And Others by ANBAKO: 12:10pm On Jul 12, 2015
Another poor journalism. No logic, no basis and stance.
Politics › President Buhari And The Evil Cartels That Control The Nigerian Economy by ANBAKO(op): 5:28pm On Jul 11, 2015
Let me declare my economic philosophy upfront: I am a passionate believer in the social market economy. By this I mean belief in combination of a liberal free market economy with a human conscience; an economy in which free market forces operate in conjunction with socially inclusive policies. Considering the stage we find ourselves in the history of world development — where we must learn to run while they walk — I remain sceptical about the neoliberal economics associated with neoclassical Chicago school or the Austrian free market liberalism of Frederick August von Hayek. I am of the persuasion that market fundamentals are sacrosanct, but the market must be supervened by a smart government which provides essential public goods such as infrastructures, law and order, education and health while at the same being vigilant in checking untrammelled exuberance and collusive behaviour by firms and unscrupulous individuals.

The task of macroeconomic management in Nigeria today is to stabilise the economy, get our public finances in order, pursue on agro-based industrial revolution while generating millions of jobs for our teeming unemployed youth. Neoclassical liberalism has limited application in our current stage of development. At the same time, it is my humble conviction is that a free market economy without adequate regulation is like playing Hamlet without the Prince.

It is important to make this point because it is easy to be misunderstood as being anti-business in mindset. My perspective is best exemplified by the German economic model, where large and small family firms flourish within the framework of a social market economy that is well regulated as well as inclusive. Germany operates a corporate governance structure in which workers and unions are represented at the highest echelons of the board. Taxes are moderate and fair. Banks and financial institutions are free to operate on market principles, but the government also keeps a tap on highly speculative financial activities especially by hedge funds and other unconventional financial instruments.

The system works because German constitutional law, the Grundgesetz, is simple, clear, impartial and superlatively effective against corruption, greed and cupidity. Cartels and other sharp business practices are easily brought under the hammer. Highly trained and highly professionalised civil servants operate the bureaucracy and ensure delivery of services in accordance with political guidance provided by the government of the day. The European Competition Commission is also on hand to slam its ruling on recalcitrant economic operators. The German system may not be perfect, but it has served the Germans rather well. Today, Germany is second to none in the quality of its technical engineering and manufactured products in automobiles, high tech, new technologies and precision engineering; Europe’s economic powerhouse and a civilising and moderating voice among the nations.

I am currently holidaying in Abuja. The long queues have reappeared once more in the petrol stations, where PMS is selling at prices well above the official subsidised price. Young men have lined the streets hawking petrol in plastic containers. Police were chasing them into the nearby trees with thick koboko whips. I returned home with a friend at 6.30pm, and within a few minutes of our arrival, the lights went off. We tried to get the generator up and working. It failed. The smaller backup also failed. Both had been taken for servicing only the previous week. We called the chap who services the generator. Unfortunately, he told us he had closed shop. He was also hurrying to go home because his wife just called to inform him that their infant had just fallen ill with a seizure.

My friend predicted that we would have to live in darkness until midnight, when the light will be brought back. Candles and torches. I was rather perplexed by how my friend could be sure that the lights would come back precisely around midnight. Lo and behold, as soon as it was around quarter to midnight, the lights came back. As I reflected on that experience it suddenly occurred to me that what we were witnessing was probably the classic behaviour of an economic cartel, or, indeed, cartels.

The petrol queues were building up once more, we were told, because the petrol and diesel importers claimed they were owed another backlog of payments. They have perfected highly effective ways of blackmailing the government into paying them for products not delivered.

I suspect that the oil importers are in cahoots with the so-called DISCOs that provide the bulk of our electrical energy. The petrol importers will agree with the DISCOs: We keep back on petroleum distribution; you provide electricity spasmodically during working hours. As people troop back home after a long day, you cut back on your electricity, after all, whether you supply or not you are guaranteed a flat payment. Families would have no choice but to switch on their generators. When it is midnight and it’s time for families to go to bed we would bring back electricity, given that most would have switched off their generators in any case. Only the rich can afford to keep their generators in operation until daybreak. Heads we win, tails we win!

According to my dictionary, a cartel is, “an agreement between competing firms to control prices or exclude entry of a new competitor in a market”, a formal organization of “sellers or buyers that agree to fix selling prices, purchase prices, or reduce production using a variety of tactics”, all with the aim of killing off competition and maximising profit for narrow selfish ends.

For decades the Nigerian economy has been operated by a pernicious set of cartels that have kept the Nigerian consumer under their stranglehold. These cartels have been in operation in fields as diverse as pharmaceuticals, automobile spare parts, sugar, cement, rice, fertilisers, bureaux de change, truck haulage, luxury bus services and others. Tales abound about the evil practices of these cartels. Some of them are so vicious that they have mobilised pirates to sink the ships of rivals. They also arrange armed robbers to waylay luxury buses of new entrants into the long-distance transport business. When President Shehu Shagari wanted to resuscitate our ailing railway sector in the early eighties, the truck owners prevailed on him to drop the idea. We thus ended up with over-congested highways that have the worst carnage record in the world. These same reptiles hounded and killed Chinese rail workers that had been brought in by erstwhile President Obasanjo to rebuild the railways. Today, we have ended up with sick, stupid rail lines based on technology that is two centuries behind. The pharmaceuticals that produced fake drugs have been back at work since the winsome Dora Akinyuli left the stage. The generator importing cartels, largely controlled by Lebanese jackals, would always ensure that power generation and distribution would never work in Nigeria.

Consider also the case of the Petroleum Industry Bill (PIB) which has been hijacked in the National Assembly by rapacious foreign transnational oil firms. Only in a Third World banana republic can foreigners call the ultimate shots on how we legislate the activities of the most important sector of our economy. Since I have a family to look after, I shall not bring up the sordid case of cement. Some of the people behind these cartels are so powerful that they have a veto power over who becomes a minister in the department that supervises their line of business. They can also bring down ministers that attempt to cross swords with them.

Dealing with these pernicious cartels has to be one of the most pressing tasks that the new administration must undertake. Economic wisdom requires that an entrepreneurial and highly smart government has to be friendly to business. It is business that builds national wealth and creates jobs, not government. We must look after the goose that lays the golden egg. But we must also tame the goose. We should do everything to make our country a flourishing and prosperous democracy. But government must be deft in confronting sharp practices and collusive behaviour that short-change the Nigerian people.

President Muhammadu Buhari and the new economic team must be courageous enough to clean up the economy. The corruption in the private sector is of an even higher order magnitude in monetary terms compared to what operates in the public sector. Bullying and harassing businessmen and women is therefore not the solution. What we need is a new regulatory framework based on antimonopoly and fair competition manned by the best jurists and economists we can find. They should be able to ensure a level playing field for all economic actors without fear or favour. The African political advice to “speak softly and carry a big stick” must remain our eternal watchword. We must act with courage and audacity if our country is to be saved.

Culled from businessDay
Politics › Lafarge Africa Seeks Approval To Contribute 260MW To National Grid by ANBAKO(op): 5:20pm On Jul 11, 2015
Lafarge Africa said on Friday it had applied to Nigerian Electricity Regulatory Commission to generate 260 megawatts of electricity to supply to the country’s grid.
The application falls under the embedded energy plans of the commission. Embedded energy is basically extra energy generated by Independent Power Producers who generate power for themselves but have excess they can sell to the market.
Lafarge Africa, Finland’s Wartsila and the World Bank’s IFC agreed in September to build a 220 megawatt gas-fired power plant in the country to boost electricity supplies, at a cost of $400 million.
Nigeria is also in talks with Russia’s state-owned Rosatom to build nuclear power plants.
Source: Reuters
Politics › Gas To Power Projects Not Attractive – Experts by ANBAKO(op): 5:10pm On Jul 11, 2015
The absence of a bankable commercial framework continues to pull the plug on huge gas investments badly needed to meet the country’s growing power supply needs, industry experts have said.

Nigeria, Africa’s top oil producer, is estimated to have at least 185 trillion cubic feet in natural gas reserves, making it the most endowed country on the continent in terms of gas reserves, ahead of Algeria, Egypt and Libya.

But a significant amount of the country’s gross natural gas production is flared because some of the oil fields lack the infrastructure needed to capture the natural gas produced with oil, known as associated gas.

The country requires investments of between $1bn and $2bn annually in gas pipelines and processing plants, especially as it looks to drive monetisation of its gas reserves through the production of power or fuel, according to the Energy Information Administration, the statistical arm of the United States’ Department of Energy.

An energy law and policy expert and Senior Associate at Banwo and Ighodalo, a Lagos-based law firm, Mr. Ayodele Oni, said Nigeria had not fared too well despite the issuance of the gas master plan and policies such as the national domestic gas supply policy, which seeks to ensure the availability of gas domestically, particularly for the electric power sector.

Oni said, “There have been several of those challenges, including issues such as poor infrastructure and vandalism. The principal challenges, however, are poor pricing and weak policy implementation.

“Specifically, lack of a bankable commercial framework for gas such that the pricing (which by the way is regulated) is not commercially attractive has hampered gas to power. This is in addition to the fact that even power pricing has, for a long time, not been competitive enough as to encourage sale of gas to the sector, because electricity tariffs traditionally in Nigeria hardly bear gas prices.”

He added that the government had also not implemented as well as it could, the domestic gas supply obligation, which had succeeded elsewhere in the world.

The domestic gas supply obligation is the amount of gas that companies that produce it must give to the Nigerian economy because they are producing Liquefied Natural Gas, which they sell to other countries.

“We have domestic gas obligations from all the gas producers in Nigeria. For example, this year the domestic gas obligation is 4.9 billion scf and we are getting 1.9 billion, which means we don’t even have the domestic gas obligation,” a former Minister of Power, Prof. Bart Nnaji, said at a conference in Lagos last month.

A policy analyst on governance, Mr. Ademola Oshodi, said the issue of vandalism of gas and crude oil infrastructure supplying gas to power virtually became one of the biggest challenges to the matter of gas to power in Nigeria.

Culled from punchng.com
Sports › Re: Serrana Williams Wins Wimbledon by ANBAKO(op): 5:00pm On Jul 11, 2015
markidoo:
Wimbledon and other throphies is Serena William's birthright.
That is because she is good in her area.
Question to us all: Are we good enough in our area of specialty?
Politics › Re: "Before Apc Falls Apart" - Dele Momodu by ANBAKO: 4:10pm On Jul 11, 2015
Why did am I thinking Dele Momodu is over flogging this issue? I am becoming to see over ambition, over zealousness in you. Why are you pushing PMB to appoint mediocre to his cabinet. I understand it is taking too long to constitute this cabinet but let positions be held by people of high standards, credibility and competence.
Sports › Serrana Williams Wins Wimbledon by ANBAKO(op): 3:46pm On Jul 11, 2015
breaking news....
Serena Williams wins Wimbledon after defeating Spain's Garbine Muguruza 6-4 6-4.

Summary

Serena Williams wins sixth Wimbledon title
Top seed beats Garbine Muguruza 6-4 6-4 
Holds all four Grand Slam titles and 21 in total 
Oldest female winner of a major in Open era at 33


Modified

"She has done it. Serena is Wimbledon champion for the sixth time. Two more Grand Slam titles to set a record that will go on and on. The queen of Centre Court once more."

Culled from BBC

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