₦airaland Forum

^
There is a lot going with building new gas pipelines to join the South Eastern and South South sections of the country so that shortfalls can be bridged, new power stations, planning and budgeting for decentralisation. . . etc All these things can't be hurried, so we'll have to wait a bit.

“Now if you take all these into consideration, the cost of the direct capturing machine alone – the unit cost from what we have got so far, and that is not using vendors, the unit cost is about $2000. If you calculate $2000 by 120,000 units of machine at $152 per unit, you will get about $240 million

Something is wrong with this math. Abi na newspaper missprint? What is the $152 per unit for?

The man should stick to his CBN job!
It is only in Nigeria that CBN governors masquerade as NEPA meter readers. Rubbish!

What happened to good old declaration of WAR?!

I'm tired of those bastar'ds!
We gave our own people from Bakassi away, because we were scared of a fight. . . But it was ok to massacre the Odi population in the same period.

babapupa:
Please, kindly state what the building blocks and frameworks are pr consist of.

I don't understand this question, can you please edit?

[size=14pt]Sanusi seeks 200 percent hike in electricity price [/size]
By Elizabeth Archibong
July 29, 2010 01:37AM

The governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, yesterday called for the removal of subsidy from electricity, as a means of reviving the power sector.

Mr. Sanusi also said the recent Assets Management Company of Nigeria (AMCON) Act, signed into law by President Goodluck Jonathan, would soon return Nigerian banks to a global stage through a credible balance sheet.

Fielding questions from State House correspondents, Mr. Sanusi said the present N7 unit price was in sharp contrast with global practice, citing the N22 price charged per unit in neighbouring Ghana as an example of modern global reality.

He said that for the power sector to function properly and attract the much needed foreign investment, there must be a regulator that makes it viable. He also called for the immediate revival of the National Electricity Regulatory Commission (NERC) to oversee the moribund sector.

Specifically, the CBN boss stated that the current N7 per a unit of electricity in Nigeria is not competitive enough to bring the country out of its energy demand shortfall, and suggested an immediate increase of over 200% on electricity prices.

“I am saying we’ve got to have a regulator; we’ve got to have good input for gas pricing. It will encourage investment, deregulate electricity prices. This N7 is a myth because nobody gets power at that price.

“Ghana is paying N22. If we increase it to N22 and you increase gas prices, investments will come into power,” he said.

He also said the CBN is “doing what we need to do on the banking system and the banking system is stabilising and with the AMCON, once we recapitalise the banks, it will improve the balance sheets of banks.”

Recovering market

According to him, the capital market is recovering fast and the government continues to make progress as far as the reforms are concerned.

“Having said that, the financial system does not live in isolation. You’ve got to fix the issues of real economy, and the CBN is not responsible for that. You have an economy in which you do not have power. If you don’t have electricity, you cannot attract investors; you cannot improve production.

“We don’t have power because the reforms that ought to have been carried out in four years have not been done. We keep talking and talking and talking, and we have not yet created the right environment and we don’t even have a regulator for power.”

He also called for a removal of subsidy on petroleum products.

“We are spending N500 billion subsidies on petroleum products and nobody will invest in refineries if they believe that their business model is predicated on government subsidy,” he reasoned.

“We are borrowing N500 billion on subsidies every year, we are borrowing money and we are leaving future generation to pay the debt. The benefits of this subsidies are far outweighed by the long term cost to the economy,” he warned.

http://234next.com/csp/cms/sites/Next/Home/5599980-146/sanusi_seeks_200_percent_hike_in.csp

hackney:
What the f.uc.k man.
all kinds of gender -marriage wan happen for this thread.
Because of vote

I have rejected all them sticky demons in the name of Jesus!

UNLEASHED:
Make dem call rewire na?

Onovo has finally gone mad!
Make una de watch market o! You go soon see IG naked for deh!

[quote author=~Bluetooth link=topic=486703.msg6469976#msg6469976 date=1280368553]when the so-called government cannot provide jobs for the people in urban areas,how would they remember those in the village.the only things i have ever seen them provide for the rural areas are electricity,borehole,subsidize fertilizer for them and definitely dole out cash whenever election approaches.how do you expect people to build their hopes on such meagre when assorted ammenities abound in the cities.
the bottomline is that previous governments have failed us but we need to change course from the old ways.how long are we going to continue like this ?[/quote]I don't believe govt should provide jobs, rather they can create jobs by building the necesary frameworks and building blocks for a business environment; then let the people take it up from there and run with it.

I will give a simple example, govt can create simple information centers across the country for agricultural produce levels; so that, if farmers in Daura have a surplus of tomatoes, they can go to such a center and find that there is a tomato shortage developing in Owerri or Ijebu. That way they can target those areas, sell directly and be sure to make a buck; instead of waiting for some middlemans truck to take the tomatoes off somewhere and underpay the farmer. What govt would have done in this case is provide the environment for jobs to be productive in rural areas.

etc etc etc

[size=14pt]US’ Fortune names Gazprom world’s most profitable company[/size]

MOSCOW, Jul 9 (PRIME-TASS) -- U.S. business magazine Fortune has named Russian gas giant Gazprom the world’s most profitable company, the magazine said late Thursday.

Gazprom’s net profit fell 17.8% on the year to U.S. $24.56 billion in 2009, Fortune said.

The Russian company thus moved from the second position it held last year to break a 5-year run by Exxon Mobil in the number one position.

Gazprom also ranked 50th among the world’s largest companies in terms of revenue. Fortune estimated Gazprom’s revenue at $94.472 billion in 2009.

U.S.-based retailer Wal-Mart Stores was crowned the world’s largest company in terms of revenue, with its revenue estimated at $408.214 billion.

Other Russian companies on Fortune’s list of 500 world’s largest companies include oil majors Lukoil, Rosneft, and TNK-BP, state-controlled Sberbank, and multi-industry holding AFK Sistema.

End

09.07.2010 12:03

http://www.prime-tass.com/news/show.asp?topicid=58&id=482274

[size=14pt]Pentagon can't account for $8.7 billion in Iraqi funds[/size]

The reconstruction money was from oil revenue it was entrusted with between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping.
July 26, 2010|By Liz Sly, Los Angeles Times
Reporting from Baghdad — The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.

Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent.

http://articles.latimes.com/2010/jul/26/world/la-fg-iraq-funds-20100727

[quote author=~Bluetooth link=topic=486703.msg6469935#msg6469935 date=1280367374]i think the problem has to do with inconsistency on the part of government.why do you think govt would provide any form of compensation for them if they decided to send them away ?
i remembered when el-rufai was trying to restore the Abuja masterplan;he embarked on demolition of shanties in some areas he deemed were causing nuisance to the city and i can tell you that the whole place became better even though there was no form of compensation to the people.the demolition idea was dropped by his successor who for political reason do not see any sense in making the federal capital look beautiful at the detriment of the poor people who live in those slums.no sooner than he made the comment that the slums began to springed back to life.

the issue is a pathetic one which need to be addressed as soon as possible afterall there is no law restricting rural-urban migration,the only thing govt could do is to make life atleast comfortable for the un-invited visitors[/quote]No, there should be a solid framework to create jobs and make life bearable in the rural areas. If that is done properly, me can reverse or alleviate rural-urban migration and the formation of slums and underground societies. This is the sort of thing past and present govts should have enforced through our fake federal set up.

Meanwhile, the entire community had been deserted as security operatives had swooped on the village arresting rider every single motorcycle found in the area. A reliable police source confirmed the report and stated that the area commander in Aba, Mr. Ebere Onyeagoro, is working tirelessly to get the culprits arrested.

What in Gods good name is wrong with our police?

Kill them.

sjeezy8:
Guy theres no more fish in the Niger delta- so I guess its ok for you guys to stay we are all Nigerians lol.

I thought they had jailed your hairy arse in the US! Where have you been?

sjeezy8:
Send beaf and his cousins back to the Niger delta- when they get money and are rich they can come back.

Funny guy. Last time I looked it was your folk struggling to feed from the ND. You people bera spread some of the Abuja pocket money to your slum areas.

^
Those people are only a symptom of problems we have in Nigeria. The only way to rid ourselves of slums, is to roll up our sleeves and fix the country.

If you send them packing, others will only sieze the opportunity to replace them or the original folk will simply pop up elsewhere. I wouldn't be surprised to find that these folk are the very same people that were driven out of places like Maroko in the 90's. If anyone wishes to send them packing, they better provide them with housing, social security and job security.

manny4life:
I don't know what research proved that; however, the footnotes was what I talked about "the references". I have seen many people failed their papers, instructors and research fellows strongly advise not to use wiki as a research tool because most likely than not, it's biased although the footnotes links are very good sources of the main topic. I have not seen his picture nor his ID, but it does not take an expert to get information from the main source; Boeing's website. Also if you wanted archived materials, they are more than willing to send educative materials out.

Same way, it would be wrong to reference your research from encyclopedia britanica, McGraw-Hill, or colliers etc. But that is not to say they are not accurate enough for general use. Wikipedia is as good as any other encyclopedia.

People just keep saying "don't quote Wikipedia" on NL where it really isn't that important and the info is 99% accurate.

mikeansy:
The debate is no longer worth it because it seems to me your tactics is to dismiss any list provided as not a list or out of Jonathan's control. Its also amazing how you can claim that Jonathan and Yar'adua presented a vission in 2007, Yar'adua has failed Jonathan has not and yet you have not shown what Jonathan has done differently in other not to continue Yar'adua's failures now that he is in charge.

Shocking!!!!!!!!!!!!!!!!!!

No longer interested in this debate because stuffs are no longer adding up.

I wish you luck with your campaign for Jonathan. Nigerians will decide in 2011.

I never saw any worthwhile list and no effort was made to provide one; perhaps, because as you say, it doesn't add up.
It was all stuff like how he should be directing Jega (amounting manipulation) etc. Your position just wasn't thoroughly thought through.

Anyways I wish you Goodluck too.

monkeyleg:
@Beaf,

na you dey open mouth talk so, abi u no follow dem chop doe. Ibori, im brother and Udu are all in deep fowl poo. No pity for the devil. Delta people don suffer reach

But bros, you should know my stance very well na! Context was key on that thread.

manny4life:
Although you right , I guess what the first person who responded to your post thought you said was B737's are no longer in service. Actually the 100's models have been phased out, the current models currently manufactured are the 300s, 400s, 500s, 600s, 700s and 900s series. The 900s series being the newest series.

You know how many times I tell people not to use wiki as a source of info, rather if you need to, use it to as a source of reference.

There are always tonnes of references at the foot of all wikipedia articles. All encyclopedias get it wrong once in a while, wikipedia is pretty much as accurate as any other encyclopedia as enough studies and research have proved.

But one thing some guys failed to note is, all the info in odiaero's profile (including the id ), dude was always bound to have more aero info than most.

mikeansy:
I have more reasons to be disappointed because you have clearly not proved your side of the argument. It is your duty to show what Jonathan has achieved but you have not provided any concrete evidence that he has done anything. He has neither achieved anything in the past 3years as part of Yar'adua Government nor has he provided any proof that he plans to take this country in a fundamentally new direction now that he is President.

Who says he is bound by Yar'adua's agenda. Yar'adua came to office on a seven point agenda that was not delivered. Jonathan came to office and was encouraged to streamline Yar'adu's agenda to 3 delieverables. He has neither shown clearly whether he is streamlining it or continuing Yar'adua's agenda. The fact that after 3 responses from you you have been unable to say in clear tems what Jonathan Goodluck has achieved in office other than reminding us how long he has been in office is an admition of failure.

The most ludicrous is your claim that he has only been in charge for 2 months. The last time I checked the NASS passed a resolution empowering Jonathan on 09/02/2010. He has clearly been in charge of this country for 6 months and yet we have nothing to show for it.

A leader is a leader. You will simply know when you see one. Jonathan is not a leader.

Enh?!

No, no I have done my duty. My duty was to show why Ribadu and Oshiomole aren't ripe; I've done that. It was you guys that attacked Jonathan as a counter; so you've got to prove your point and not dodge the responsibility you've set for yourself.

If you provide the "Jonathan's failure" list I asked for earlier, by now I would have provided counter arguments. But there is still no list.
Its easy to provide a list of Yar Adua's failures (and being lacklustre does not count); because he really, really failed; since you guys Jonathan is the same, it should be equally easy.

. . .So, I de here de wait!

Gbawe:
Oga Beaf , dis one na big lie perpetuated by decieftul supporters of Jonathan in Nigeria and misguided/gullible diasporans who do not know what is actually on the ground !!! My area in Surulere constantly experiences many days without electricity !!! Last week , we were without electricity for 6 days !!!Do you live in Nigeria ? If not , why attempt to speak on behalf of those who live there ?

You clearly believe in project Jonathan but , like Yar Adua's Presidency, Nigerians on the ground know that Jonathan is a mediocre/poor administrator who has done nada , [b]in real terms , to improve any facet of daily existence for the average Nigerian . Soon , by his incompetence and compromised mien, Nigerians will come to understand that Jonathan represents "more of the same" precisely as Yar Adua did !!![/b]

Of course, there might be a myriad local reasons why you aren't seeing any benefit in Surulere. But, the situation with electricity is much improved.
As for the bolded, I'm still waiting for the reasons you have passed judgement. The NFA thing didn't catch fire for me.

gadogado:
I have my sources. But this is just the tip of the Iceberg. All elite in Nigeria are married to each other especially in the North where oligarchies dominate

Col. Sani Bello, who is the current chairman of MTN and amni oil and gas and also former governor of Kano state son's are married to Dangote and abdulsalam abubakar (former head of state)
Sani zangon daura, former minister of Agriculture is married to Yar'adua's younger sister.

Nice list!

I bet there are so many marriages simply because they move in the same circles and share the same interests. There will doubtless be some that were planned to cement alliances, but I doubt if its really something like the ticket to join the oligarchy club.