₦airaland Forum

This will give private firms the confidence to move into our power sector.
Power generation is notably capital intensive and slow to yield returns; so, this is an excellent action by the govt.

bisiaet: Well I think its obvious GEJ will be there for another term no question about that. I think this man is trying his best despite the serious security challenge in the country, hopefully he might do much no one can say. It ha s become apparent that the problem in this country were man made or may I say a delibrate attempt by some vultures to shred Nigeria flesh into pieces for their selfish interest just make GEJ look incapable and this is where they miss it.

I'm not PDP sympatiser or believer but for the fact that some animals got offended because a man in Aso Rock is from minority tribe and decided to thumble Nigeria to pieces made me to support GEJ and I will always do as long he is the president because Nigeria belong to everybody either East, West, South or North so noone is an outcast or second class citizen.

Gej should ride on and after him the East should present their candidate for presidency so the disgruntle vultures and the mr bombers still have many years to bomb.

Beaf endorses this post.

hallmark77: Constitutionally Jonanthan is serving his second term....You cant jump the constitution and give him another term because you think he deserve it,so the governors that have been sworn-in twice can serve one more term?....He has no right to another term under Nigerian present constitution since he took the oath of office two times...There is no legitimacy to another term....I am not against him but I am against uncontitutionalism.....

Jonathan is serving his [b]first [/b]term constitutionally.
The only people who would take your arguments seriously are those who either believe in unsubstantiated rumours or base their decisions on sentiment.

Aladinn: Another gross waste of vital and limited resources!
What economic needs would 'a longest bridge' meet in Akwa Ibom?
Its just like the late Houmphet Felix- Boigny of Ivory Coast building the largest cathedral, bigger than St! Peter basillica, in yamasoukro amidst plenty of poverty soaking the town.
Misplaced priorities becloud our leaders, even the so-called-working-governors.
My question. Why are our leaders not embarking extensively on human developments rather than huge 'irrelevant' projects to benefit the lives of the people?
This simple analogy below should shed more light on my question.
Lets evacuate the people of Ajegunle and take them to VGC, and the people of VGC to Ajegunle. 5yrs time, which of the two areas wil develop or become degraded with time?
Third longest bridge in the world is a monumental waste considering the economy of the land.

The road leads to a port, so what the hell are you going on about?

emmatok: Fail

Another chest-beating sycophant.

Where is the bridge?
Where is the site?
Where is the design?

What is the purpose of the insults? Sometimes you have to wonder if some NLers are crazy.

The core-North is just being destroyed with this idiocy. What sort of politics is this?

[size=14pt]Nigeria to Guarantee Bonds for Road, Rail, Electricity Projects[/size]
By Emele Onu - Mon Mar 26 23:00:00 GMT 2012

Nigeria’s government plans to guarantee bonds sold by companies involved in large-scale road, rail and power projects in Africa’s most populous nation, according to the Debt Management Office.

The framework for “issuing the sovereign guarantees is still being fine-tuned,” Patience Oniha, executive director in charge of market development at the Abuja-based DMO, said in an e-mailed response to questions. She didn’t give details of the companies that may benefit from the debt guarantees.

Power supply in Nigeria, Africa’s largest oil producer, is less than half demand, causing regular blackouts in a nation of more than 160 million people. President Goodluck Jonathan plans to sell six power plants and majority stakes in 11 power- distribution companies to end a state monopoly.

Debt guarantees will enable companies to fund projects that “they may ordinarily have been unable to embark upon due to inability to access large and long-term capital required,” Oniha said. The program is “intended to be used as a means of supporting private sector operators who are involved in projects that have large macroeconomic benefits either alone or in partnership with the government.”

The target for the budget deficit this year was increased on Feb. 16 to 2.97 percent of gross domestic product from 2.77 percent forecast in December after Jonathan was forced to backtrack on scrapping fuel subsidies. The government plans to cut spending on administration, training, transportation and other programs to keep the deficit below 3 percent, according to the Finance Ministry.
Government Borrowing

Sovereign guarantees will reduce the need for the government to borrow directly from capital markets, Oniha said.

The Finance Ministry said in its December budget plan it will borrow 794 billion naira on the local capital market in 2012. The DMO twice postponed its monthly bond auctions this year as borrowing costs increased. The central bank raised its benchmark interest rate by 6 percentage points to a record 12 percent since September 2010.

“In view of the high interest rate environment, occasioned by tight monetary policy stance, a moderation in government borrowing would be positive,” Central Bank of Nigeria Governor Lamido Sanusi said on March 20. Government debt stood at 17.8 percent of gross domestic product in 2011, while the ratio of debt-service to government revenue was 19.1 percent, he said.

The yield on Nigeria’s $500 million of Eurobonds due 2021 was at a record low of 5.4 percent yesterday, 80 basis points lower since the beginning of the year.

To contact the reporter on this story: Emele Onu in Lagos at eonu1@bloomberg.net

To contact the editor responsible for this story: Dulue Mbachu at dmbachu@bloomberg.net

http://www.bloomberg.com/news/2012-03-26/nigeria-to-guarantee-bonds-for-road-rail-electricity-projects.html

[quote author=Me_Aboki]Your sarcasm stinks and adduces to my suspicion that you are bereft of valid argument against the issue at hand.[/quote]My broda, no vex. Am simply aksing you a kueshion.

[quote author=PROUD-IGBO]^^^Beaf bruh, no overdo am abeg. That's a picture of paradise you just painted up there^^.[/quote]Lol! I'm being honest, bro. The first time ever that I set foot in Ghana, it was under very horrible circumstances after being robbed and almost killed in Togo. The way the Ghanaians reacted to me as a complete stranger is something I will never ever forget; took me in, fed me, housed me... People I did not know from Adam and not in a little village, but in Accra.

@ghboy

Welcome to NL. The place is a veritable jungle that does not accurately represent Nigeria, so don't mind all you read here.
I really love Ghana and Ghanians. The place is peaceful and the people are unbelievably warm and welcoming.

I feel sorry for that thief, because it is clear that he is being failed by society.
It is wrong to just dump a person in jail and hope that the person would turn a new leaf without rehabilitation into society. Nigeria has a very long way to go in such matters; in most countries, ex-prisoners get some form of upkeep money for a period as well as councelling to keep them away from turning back to crime. It is quite clear that the Idowu guy is tired of stealing, but has nothing to turn to.

[quote author=Me_Aboki]What the North is saying is that the current derivation formula is not being implemented according to the constitution, if anybody has anybody has a valid argument against that position let him do so; otherwise the sentiments and insults are really uncalled for. [/quote]Does the constitution only concern oil?

torkaka: they're anglo-saxons (english germans)

they're anglo-saxons (english germans)

English people are Germans?!
Its like arguing with a piece of wood.

torkaka: i take it you have now found out that english are descendants! " i dey laugh"

Are they Germans? Simple logic.

You are contributing to Tinubu's Birthday.

torkaka: finally your level of intelligence has been finally exposed!
pity you didn't know saxons are germans! olodo!

No new "tricks?"
It is your lack of intelligence that is making you claim other people.

Please delete this thread for containing an ethnic slur in the title: https://www.nairaland.com/900538/well-replicate-korean-miracle-jonathan

[quote author=yong_noble]These pple are out for trouble; if this mata is not addressed properly and wisely, it would definitely escalate into something real big. These aboki's just wan frustrate GEJ. They started with Boko-Haram and now this and more to come.[/quote]They will frustrate themselves. Other regions are making some sort of progress or the other, while investments are piling out of the core-North, Just today on NL, somebody advertised houses in Hotoro Estate Kano that previously went for 250,000 per annum for 25,000 per annum.

torkaka: itsekiris are yorubas,just like english people are saxons,just like bachave(in cross rivers) are tivs,just like alagos are idomas! get it?

I thought the English were Germans by your earlier argument? No?
I will allow you to keep dreaming. But dreams get you nowhere.

shymmex: How can Itsekiri language be older than Yoruba language - when their language is an Ijebu dialect?

Stick to posting fun pics!

It has [b]nothing [/b]to do with Ijebu. It is closest to Ilaje and Igala.

torkaka: the "key" thing is english are descendants of germans (which killed what you were saying earlier). argue that!

Does this make Itsekiri people Yoruba? This is getting hilarious, or is it another "trick?"
Dude, Itsekiri language is generally agreed to be older than Yoruba. So how is the descent thing gonna work?

Bruv, anoda "trick" is needed o!

[size=96pt]What?!![/size]

[quote author=ndu_chucks]I'm with you on ridding our dear country of terrorists. I do however believe that tanks will not do the job. We need intelligence support and drones. That should be instrumental in controling BH and MEND activities as well. We agree on this for once.[/quote]Yes drones and commando's are the answer, because the problem is not core-Northerns, but the core-Northern elite who have phucked up their own people and are now bombing the innocent.
Targetted, precision strikes are needed.

torkaka: confused you didn't i? now heres the actual jeck; germans were saxons, english descended from saxons!
i knew you had no idea hence the trick

Crap, sir.
Stop running away from your original claim about Aryans and trying to make your error into a "trick."
How does that work? Lol!

Your Aryan race has always been a mere concept and a worthy one in the hands of racists and Nazi's.

shymmex: I guess you can't accept that part of the Yoruba race owns 95% of the oil wealth in Delta state, huh? Live with it buddy!

Lolzzzzzzzzzzzzzzzzzz!

OIL!

Now we see the reason for the land grab!

torkaka: i knew you didn't know that bit of history. heres what you should do, take just 2mins and do some googling!

I see you are tickled with Nazi propaganda. Lol!
http://en.wikipedia.org/wiki/Aryan_race

shymmex: Where is the "imperialist ethnic chauvinism" in my post? I'd rather say you're the imperialist ethnic chauvinist - because these people know who they're and what their ancestry is. State is just a mere political and boundary creation, and the term "Delta state" is just a mere description - and not an identity. Focus on Isoko and urhobo people!

Just as we Ijebus in Epe know we are Lagosians, we'll always remember our roots in Ijebu Ode - and the Awujale as the head of all Ijebus. The Ilajes and Itsekiri in Delta state know they're Deltans, but they will always remember their roots in Ile-Ife.

They do not claim to be Yoruba. Just live with it and stop your weak attempts at ethnic irredentism.

torkaka: germans are aryans, english people are descendants of aryans. can't comprehend? english people are descendants of germany

Unfounded crap. Where did you get that, from www.combat18.org or some other neo-Nazi website?

shymmex: Why are you being disingenuous and what's the correlation between Itsekiri and yorubas with English and Germans? England is a country, and English is a bastard language> the Germans can't lay claim to England, just as the Romans, French, Indians, Swedish, Norwegians, Latin etc. England is a country made up of different entities, including the Barbarians, go figure.

Learn from your own words and stop your own imperialist ethnic chauvinism.

shymmex: If you can understand Yoruba language and a little bit of the Ijebu dialect - you will definitely understand 30% of the Itsekiri language. My Yoruba is poor, but I understand the common Yoruba, and a bit of the Ijebu dialect (My grandma used to speak it to me).

If you understand Yoruba, you should understand at least 30% of the Itsekiri language in the tune below:

English shares 30% of its words with German. Go figure.

shymmex: It's funny how you can come from the mantra of supposedly being from Delta state - and think you can tell everyone in Delta state what their ethnicity is or not. I've never seen an Ilaje or Itsekiri guy say he's not Yoruba. Saying they're not Yorubas will amount to saying Yorubas in Kwara, Niger and Kogi states are not Yorubas. Even most Ibini people see themselves as part of the larger Yoruba society - based on our common ancestry.

Fam, stick to your PDP propaganda - and posting fun pics on NL - that's where you excel most times.

Dude, I have Itsekiri blood flowing in my veins. I am quite sure it is not Yoruba blood. Ok?
The languages are related and thats it; I bet you can't even understand a word of Itsekiri.
Stick to what you know.

[quote author=Had_one]DONT BLAME THE POSTER, BUT THE MODS. MEANINGFUL POSTS WERE IGNORED WHILE USELESS HOAX LIKE THIS WERE FOUND AT THE HOME PAGE.[/quote]How is the story a hoax? Please, this is from the US govt not Sahara Reporters:
http://photos.state.gov/libraries/nigeria/487468/pdfs/PressRelease-UnitedStatesMissionNigeriasPressStatement.pdf