₦airaland Forum

ofiafuluego:
At diz rate, shale oil will soon cripple and throw America back to square one.OPEC is getting it ryt dis tym

It will not cripple the economy. Cheap petrol is good for US consumers. it will slow down the drilling of new wells and many small players will bow out. The oil business will once again be run by Exxon, Chevron, BP and Shells of this world.

ducii:
Yea I agree, and it is going to affect the US economy. think about how much have been borrowed by these so shale oil frackers.

Nobody can stay in business with oil below $75. The short traders are driving the market. 90% of all new American oil cost over $70 per barrel to produce. Many wells are highly leveraged and regional banks across America west/Mountain regions are having sleepless nights already.

This whole game will change when Banks begin to write off bad loans within the next 60 days. OPEC did a very in dept study and stuck when nobody thought they would.

Since the end of August, the CEO and founder of oil-company Continental Resources has seen the value of his shares in the company fall from $20 billion in late August to just over $10 billion on Friday.

The American oil boom is the Dot com boom of 21st century. It is going to burst, OPEC read it right. It has already started, with many small companies heading for bankrupt protection.

There is no over production of oil. Let's bury that lie, this is a market share war. OPEC woke up to the game.

laimo:
I'm pretty sure the clueless one is clueless about this and the solutions to these issues.Or he'll just tell us 'the US will know...'
He needs to be pushed out,as 'na our oyel' becomes irrelevant. In favor of one who can restructure the economy for the situation.

Is the economy not restructured already? Please, what percentage of the economy is crude oil driven?

Which bills are these liars talking about again?

rozayx5:
feb 15 you will escape , i remember the amount of people who left this section in 2011 because of shame, so your not the first.
the electorate will decide GEJ fate, and the electorate is not nairaland or the internet

They will not leave, they will return to another moniker. The haramist have at least 20 monikers each.

We need crude prices at $10.

At the OP has the demand for Nigerian crude declined, because the Americans stopped buying it? Or Nigeria and other oil producers are still selling their products just for less money,as speculators and currency traders tank the futures market.

By Ikechukwu Nnochiri
ABUJA-The Abuja Division of the Federal High Court, Tuesday, declined to reinstate Alhaji Bamanga Tukur as the National Chairman of the Peoples Democratic Party, PDP.
In a judgment he delivered Tuesday, Justice Evoh Chukwu dismissed the counter-claim that was entered before the high court by Tukur, describing it as “a violent abuse of judicial process”.
‎The court noted that Tukur validly resigned from office, after which a Committee that was presided over by the current National Vice Chairman of the PDP met and nominated Alhaji Adamu Mu’Azu who is from his geopolitical zone to replace him pending the conduct of a National Convention of the party scheduled for December 10.

Consequently, Justice Chukwu upheld a preliminary objection by the PDP which urged him not to allow Tukur to return back to office to preside over its planned National Convention.
It will be recalled that though the substantive suit was filed by a House of Representatives aspirant from Adamawa State, Mr. Aliyu Ayuba Gubrin, Tukur who was joined as the 2nd defendant in the matter re-approached ‎the court with a counter-claim wherein he prayed it to void his resignation and reinstate him ‎as PDP National Chairman.
‎The plaintiff had prayed the court to declare that Tukur’s resignation letter which was presented by President Goodluck Jonathan to the National Executive Committee, NEC, of the party on January 15, 2014, was a clear violation of Sections 47(5) and (6) of the 2012 Constitution of the PDP.
He equally prayed the court to declare that the appointment of Mu’azu as the chairman of PDP was not only invalid, but failed to comply with laid down procedure of Sections 45(1) and (2) of the 2012 Constitution of the PDP.
More so, the plaintiff urged the court to nullify the appointment of Mu’Azu for non-compliance with the provisions of Section 85(1) and (3) of the 2010 Electoral Act of the Federal Republic of Nigeria and Section 223(1) of the 1999 Constitution.
As well as to direct the immediate re-instatement of Tukur as the National Chairman of the PDP or in the alternative, order the Deputy National Chairman to pilot the affairs of party until the due process of electing a valid National Chairman is complied with.
He argued that Section 47(5) of the PDP constitution stipulated that Tukur ought to have given 30 days notice to the National Executive Committee, NEC, of the party, indicating his intention to resign.
Other defendants in the suit were the PDP, Mu’Azu and the Independent National Electoral Commission, INEC.
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- See more at: http://www.vanguardngr.com/2014/12/court-declines-reinstate-tukur-pdp-chairman/#sthash.jf3RaNc2.dpuf

Thanks for the clarification. We understand the game. God bless you for all you have done for the Riverine people of delta state.

Ex-militant leader, Chief Government Ekpemupolo aka Tompolo, has described the allegation that he masterminded the abduction of 14 journalists in the creeks of Gbaramatu Kingdom, Delta State, as untrue and misleading.

Tompolo, in a statement, said: “It has become necessary to make this clarification in the face of the deliberate distortion of facts by some mischief makers bent on denigrating my person and questioning my integrity before the larger society.
“More so, I am persuaded by the fact of my experience as a crusader for equity, fairness and justice the world over including the oppressed people of Gbaramatu Kingdom in Warri South-West Local Government Area, who have always found brotherliness and companionship in members of the fourth estate of the realm.
“In the case of the Ijaw of the Niger Delta which I have championed over the years, journalists have been worthy partners even as their contributions have served as veritable means to ventilate our views, opinions and positions as a people who have had cause to draw global attention to our plight.
“However, in the matter of the hyped ‘abduction’ of journalists in Oporoza last week, it is pertinent to state that they were victims of an orchestrated and well-rehearsed saga by their Itsekiri clients, who lured them into a trap. Suffice it to say that unknown to the journalists (some of whom are my friends) and before their arrival in Warri, their Itsekiri hosts had concluded plans to video-capture some Ijaw settlements, especially Ikpokpo community, to show to the world as Itsekiri lands in their desperate attempt to distort historical facts, especially as the hosting/siting of the Export Processing Zone, EPZ, project poses some challenges.
“It should be noted that the Gbaramatu people have been agitating for inclusion in the EPZ project since 2012, as of right, that the part of the land earmarked for the project starting from Ikpokpo community belongs to them.
“It was on the strength of the above that in November 2013, the Gbaramatu people were invited alongside other stakeholders, to the unveiling meeting of the project at Government House Annex Warri by Nigerian National Petroleum Corporation, NNPC, and the state government. At the said meeting, the Gbaramatu people, out of curiosity, inquired why they have not been recognised as stakeholders by way of acquisition of land from them. But to their surprise, the governor shut them out of the project and merely identified them as ‘impacted community.’”

- See more at: http://www.vanguardngr.com/2014/12/didnt-mastermind-abduction-14-journalists-tompolo/#sthash.6lRZBGaD.dpuf

The education sector, particularly the private segment, dominated economic activity, generating most of the jobs in Nigeria’s formal sector in the first nine months of the year, but this comes amid widening concerns on the declining standards of learning across the country and the spill-over of poorly skilled manpower in the markeplace.

The Education and Manufacturing sectors generated the most jobs in both the first and second quarters of 2014, figures from the National Bureau of Statistics show.

Education came first, with 23,643 jobs or 31.10% of the total in Q1, increasing by 5,417 or 22.91% to 29,060 new jobs in the second quarter, 36.90% of the total,

In the third quarter, 21,154 additional jobs were generated in the sector, also showing dominance in economic activity.

The NBS figures further show that as at the first quarter of 2014, the education sector had about 1,573,082 employees, making up 49.64 percent of the total employed during the period. The numbers increased marginally in the second quarter by 0.43 percent or 6,771 employees, to reach 1,579,854 or 50.13 percent of the total.

But despite growing education employments, standards continue to fall at an alarming rate.

The May/June result of the West African Senior Secondary Certificate Examination shows that less than 32 per cent of candidates obtained credit passes in five subjects, including English Language and Mathematics.

Of the 1,692,435 candidates, 529,425 obtained credits in five subjects, including English Language and Mathematics, to qualify to study at the tertiary level.

Stakeholders blame this poor performance on poor teacher quality, poor reading habits, parents’ lack of interest, and the emergence of Information Communication Technology (ICT).

Marie Francoise Marie-Nelly, World Bank Country Director in Nigeria, told BusinessDay at the weekend that the problem is quite significant, noting that one would naturally expect that access and quality would improve, especially with expanding economic activity. But she is concerned that 4 out of 10 Nigerian children still do not seem to be able to read and write, even after grade 4.

Marie-Nelly is worried that the enrollment rate is not increasing and particularly by the growing regional variations and disparities.

“You need to address these disparities and secondly, we need to ensure that the children are actually learning because we found out that in every society, the fundamental education, primary education is really the one that positions children for their future,” she stated.

“Whether they go to higher education or the vocational stream but it is important to have this solid foundations.”

Marie-Nelly said she would like to see a situation where there is a solid commitment coming from all parties, to tackle this problem in a very effective way.

She said apart from enrollment, there is the need to revisit the curriculum, and the assessment system.

She said the World Bank is already assisting the government in this area, especially in three states, Ekiti, Anambra and Bauchi, where they have a programme that looks at the quality of education at the primary level but in a very consistent manner, by improving the quality of teachers, reviewing the curriculum and having a proper assessment system.

The World Bank envoy suggested this strategy could change the picture if extended to the entire country.”So you need to work on the quality and access.

“And one element is to improve the quality of teachers. Secondly is reviewing the curriculum. Thirdly is to involve the parents,” she recommended.

Renowned economist, Bismark Rewane raised concerns that a lot of educational institutions exist in the country, which still do not deliver quality.

Rewane observed that the number of universities in Nigeria was rising but lamented that there was no correlation between quantum and the quality of education.

“I want us to be extremely cautious about this because there is a pipeline of education that is delivering quantity rather than quality.

Rewane said every industry has an equilibrium number of players that gives it maximum output.

“When there are too many players, they just destroy the whole thing,” he stated.

“I think that in jumping on the bandwagon of competition, we should also know that there is what is called optimal size of an industry and optimal size of activity,” he added.

http://businessdayonline.com/2014/12/education-jobs-rising-amidst-concerns-over-falling-standards

BlackTechnology:
Comrade explain better so that some cattle go rethink

The army never saw any value in the so called training, so its a good move. Just stay tuned to a full redirection of Nigeria's defense policy.

Someone is finally listening to the army.

Tolu Ogunlesi is a paid APC hack. No need pretending to be a fact checker. After he failed with NEXT, Africa check is now his new gig.


Are the majority of Nigeria’s roads now ‘motorable’?

Nigeria’s president has claimed that “motorable” roads have increased five-fold since 2010. There is little evidence to support his claim.

Researched by Tolu Ogunlesi

- See more at: http://africacheck.org/reports/are-the-majority-of-nigerias-roads-now-motorable/#sthash.y2GIxGSC.dpuf

Good, time to play by the rules.

Nigeria is still a company.

ProfCorruption:
Take a quick look at this:

http://www.premiumtimesng.com/news/more-news/172143-anamco-restarts-operations-assembles-trucks.html

Who destroyed Annamco that was established by Obasanjo/Shagari regime?

The same people responsible for taking Nigeria's per capital income of $860 in 1979 to $350 in 1999. Now fill in the blanks.

Yet some noisemakers want me , to vote for the people responsible for the destruction of this country.

GEJ and PDP till 2019.

Ovamboland:
Thanks for the correction, this is not feasible, however the annual budget is about 4.5 trillion

Now show us your plan again.

literarymathy:
If your claim is true then please walk over to the nearest police station to report it all please. AMORC has nothing to do with a member's corpse. If that were to be true, the police would have arrested the group and the laws of the land would have conscripted the order since the moment when ECWA dragged us to court. Even the judge saw the order and was forced to say that there's nothing obscure about us. Please stop scorching the name of the order. Drag corpse ke . Too much Nigerian films.

N. B. People that join AMORC looking for magic, money or mysterious powers are usually disappointed when books are sent them . They are the ones who go and say rubbish to others as a payback.

That's the point that needs to be made.

AMORC is a great thing to understand. Join here if you want.

http://applications.amorcng.org/Registration.aspx

Obiagelli:
Nobody said anything about winning AKS yet, it about weakening the pdp in its stronghold. I see you fear, even from your last paragraph

Sweet dreams, nothing will stop PDP's 97% votes in AKS

Another well package lie. Shameless bitter liars.

Are these pictures not from the OAU tuition fees protest? OP take down this thread, you're just another bitter APC liar. Most, if not all the pictures are from tuition FEES PROTEST

http://www.punchng.com/metro-plus/tuition-soldier-opens-fire-on-protesting-oau-students

http://thenationonlineng.net/new/fee-hike-o-u-students-block-highway-protest/

http://www.tribune.com.ng/news/top-stories/item/5795-oau-students-protest-hike-in-fees-halt-socio-economic-activities/

This will give some people hbp.

tomakint:
I have said it time and again that most of the[b] APC goons here can not go far in LIFE[/b], they are just too demonic for my liking......***in Truckpusher's voice; half men, half demons***

That's the best way to describe them. Most of them are juveniles living at home with mom and dad.

How can the APC warriors be under so much delusion? Their bitterness is pathetic.