₦airaland Forum

lagerwhenindoubt:
86% I think that is a fair quota. I mean come onn, they at least left some positions open to other ethnic groups

That is why it is called NNPC (Northern Nigeria Petroleum Company)

You should get your fact straight before spreading disinformation.

saintade01:
How can a man of this status speak this way. I just imagine how this muslims sometimes reason.

He is just trying to stir up another crisis with this. Indeed a religion of peace!

Why should you use the sultan to generalize all muslims?

tunnytox:
Islamists no matter how educated are the same. Once they can't achieve their political ambition they easily use religion as a blackmail.

and bigots like you are why we often have religious conflicts.

All that wey sultan yarn na story. Nobody is 'calling' for COAS removal. The sultan is still talking because of the useless senators, who haven't cleared out the guilty service chief(s).
Its quite simple: identify the guilty party and dismiss/retire them. shikena!
We need proof that a non-military affiliated president can truly control the military or that the army still feel they are above the constitution.

ElRazur:
Is there no thorough checks made before employment contract was offered? Jeez, that is half a million in Salary and am sure there are other benefits on top. These people most likely do not even employ our people or pay them such salary in their country.

The person you are expecting to vet the process is likely complicit in the crime.

saintneo:
northern nigeria government prefers their islamic brothers in heir hospitals; let them continue. kastina did same thing, hope theirs are not fake as well.

so there are no Muslim doctors in Nigeria? Seems you just want to stoke embers of ethnic and religious sentiments.

It is likely the Yobe government are using them as an avenue to embezzle money. The Egyptian doctor likely unqualified as stated, and receive less than the official N540,000 to N640,000 as monthly salaries,while the Yobe state politicians and their friends pocket the rest. All the Yobe state commissioner can say is that the allegation are unfounded, and couldn't say anything to confirm that they indeed qualified.

Tayo-D:
@John_blaze,
It is good to leave an issue when you have no understanding of it.  I am a civil/structural engineer and I have discussed this issue at length on nairaland.  I even went to the extent of providing sketches to educate people who will rather believe conspiracies than what they see and witness with their own eyes.

Just to address your statement above, the WTC did not collapse due tothe impact of the plane.  There were other secondary issues that caused it to collapse. Do you know what it means when they say an object has a free-fall?  For goodness sake, what part of the collapse of the WTC was free-fall?

Everything!!! What you guys saw on TV were time edited. The plane collisions were not real and were only superimposed images. People that claimed they saw the impact were actually CIA agents.
What really happened: The buildings were first 'tossed' into space, reentered orbit (they had thrusters) and then free fell from there to the ground   

Given the current uncertainty in the banking industry, your immediate priority should be getting your wife another job or biz, to complement your income. Even if she gets a another job, I would still advise that you invest in a biz that can complement your income. Only after you have consolidated your position should you make plans for your HND.

Another good idea ruined by useless politicians

amarilo:
I don't hate them, if you can read my post again you will noticed that i wished RIP. But are they the first to die in such inhuman circumstance? NO. Will they be the last? i don't know but i think not.

and therefore we should fold our arms?

Citeh is get that spot

One fundamental problem is that this things happen and nobody is ever arrested charged jail and deservedly executed. If there is no punishment, why wont they keep repeating it. 

The FG definitely needs to step in. They could start by detaining the group leaders and forcing them to dialogue.

If you are not trying to be a judge of others, you should stick to commenting on your own views and not pontificating on the reasons why others do what they do. Your opinion on abortion does not include describing people you dont know as being selfish and irresponsible. I wonder how you would feel if I insulted you in only my humble opinion?

@Jaylon
1. Telecom v Power
There is a fundamental difference between both markets and thus they cannot be used as fair comparisons. The telecoms sector is a competitive market (e.g. if you don't like MTN you can switch to Globacom) in which market forces can determine prices and in turn revenue, while in the power sector, the location of the customer determines his provider, IPPs require require long term PPA and government (directly or indirectly) sets the tariffs, all of which make it a non-competitive market.

2. Funding IPPs in Nigeria
You suggested that the private sector bring in their own funds - from where? when? and at what interest rate?
If the private sector were that willing to fund IPPs we wouldnt still be talking about a target of 6GW, after all, several of these IPPs have been licensed since 1999/2000. Given that the government fixes the tariffs and hence the revenues of the IPPs, coupled with the long term nature of the projects, the IPPs have little wiggle room for securing funding. This has limited participation in the sector and has made several state governments have to directly invest in local projects using public funds. The CBN move is aimed at getting the needed money to the IPPs at feasible interest rates. If you want us to wait for the private sector, you will likely wait forever, as there will be hardly any interest to commit so much money into such a long term projects at such a low rate, when there are more favorable investments available. Note,the CBN is not singlehandedly financing the IPPs, but the are making low interest options available so that the banks can complement with their own funds, and thus offer a package with an overall lower interest rate. The banks are not obligated to take the debentures and if they do they can only lend it out to the IPPs.

5. Corruption
You used the recent sacked executives to justify the corruption in the banks, but I ask are  Ibru, Atuche, Akingbola etc still in office? The move by the CBN was to help clear the rot in the system, so that projects like these can be executed effectively. You cannot then use the past executives as a measure of the current. its like saying because the PDP has 'dominated' the last three elections, everyone else should not contest future elections.
You say the CBN, BOI and banks will end up stealing the money - do you have any evidence of the current team doing this in the past?If not, then you are making unsubstantiated statements.
This is the kind of projects the BOI is setup for, and from what I have heard they have a credible track record.

Your concerns about corruption should not be used as an excuse to not do what is right, rather using the information like the one provided by the CBN, we should all be vigilant and make sure the money gets to the right quarters and the projects get done. I would hope the BOI will also make public when and how they disburse the money

It is the responsibility of the CBN to use its various tools to make sure that money is available directed where it is needed in the economy.

Jaylon:
it is the responsibility of the central bank to be the banker's bank, not to be funding power
projects.

CBN is making funds available to BOI (former NIDB), who will in turn lend to the banks, who will in turn lend to the private sector power companies. CBN and BOI are involved, because (to encourage participation and hasten implementation) they want there to be adequate funds for the projects and the banks to lend out at a reduced interest rate. The money is not being given away nor is the CBN 'financing' it.

Bojan was stupid not have left last summer, or even in the January window. Pep is going to ruin that kids career.

bawomolo:
oh ok you got me

you won this battle but i shall win the war when the bears are winning their SB 

I don talk am b4, and I go talk am again, d only super bowl the bears will be getting  is one filled with Cutlers INTs. dat guy is going for the all time record next season 

BTW where una go play tomato peppers - TE or WR?     

@Onlytruth
Do you plan on duplicating the entire article?

bawomolo:
see bad belle.

peppers shall play to his potential

like cutler abi?

Krayola:
Dem try small

no worry, we go see wetin una Ibraless Farca go do against a fully fit Valencia next weekend. Villa go show una pepper!

So who is Valencia beating next weekend?

Pharoh:
Alonso more of that please.

Madrid forget about the pressure and play your game oo

Madrid 3 -2 Sevilla

So u were saying?

006:
I feel you. This shows you that Nigeria is made of disparate peoples and that we cannot survive as a country. Do you get it?

No. it shows that the average Nigerian cannot see beyond the bridge of his nose.
Our diversity is not our problem, but that we focus and amplify our differences, instead of consolidating the things we have in common, and using our variation to complement each other. This is difficult when each feels he is the goose laying the golden egg, and that he would be better off on his own.
One should look at the Europeans and their bid to come together to present a common front competing against the US and the asian heavy weights. Yet, here we are in Nigeria, Africa, and the black race, still self perpetuating divide and rule mentality.

Basorun Ogunmola High School

THE AMAKA:
[color=#ff00cc]If its dollars, i don't see why not.[/color] 

[img]http://slapphappe.files./2008/08/zim-dollars.png?w=288&h=289[/img]

agabaI23:
Good try^

You said he was talking about the past?

'Is not affecting' does not sound like the past for me or may be I should repeat my English 101 class.

The present is an instant. If you were to plot a graph of the economic indices against time, the present will be a single point which cannot have a trend. You can only have a trend over a period of time.

Yea exchange rate and interbank rate will be stable because letters of credit (LOC) are no longer honoured and the volume of import has decreased. It is not as if there is increased industrial activities to fill the vacuum created by impaired importation because the banks are not willing to extend credit facilities and even when they do, they do so at cut throat interest rates.

How will the economy grow in such a situtaion.

Again you are making arguments as to what should be and asking questions. Please provide evidence of what was/is.
You seem to accept the points on exchange rates and interbank rates. Can you then provide indices that counter that the economy is growing? e.g. stock market index and GDP figures (in November, December, January and February)

It is very obvious that he was saying what he was asked to say. He has his own allegiance not minding his 'radical' stance.

and you know this how? because his views doesn't agree with yours? stay on point and leave out personal evaluations and allegations

Until he visits Unity bank I will not believe him.

Unity bank,like all the other banks, has been audited and directives issued.
Still the continuance of banking reforms doesnt not mean nor imply its fairness (which I believe is what you are insinuating) and was used to indicate that the absence of the president had not affected CBN operations. If you want to debate the fairness of the banking reforms, feel free to start a new thread.

agabaI23:
I am waiting for his foot soldiers to tell us how he is right and still knows what he is doing.

My friend biina and co over to you.

Let me humor you. From statements acredited to Sanusi  in the article

Sanusi's conclusion: There are no indications of any negative impact on the economy as a result of the president's poor health, which had made him stay outside the country for about 94 days for medical attention in a Saudi Arabian hospital.

Sanuis's primary premises:
1. The Economy has been growing.
2. Exchange rate has been stable.
3. Interbank rate has been low.
4. We have continued with the banking reform.

Sanuis's secondary premises (as regards effect on CBN operation ):
1. Acting President Goodluck Jonathan is satisfied with the operations of the bank.
2. CBN continued to get approvals from the Acting President, and consult with him at any point in time.Analy

Analysis: IMO, if the premises are true, then the conclusion is right. Of the four primary premises, the difficult one to ascertain is the economic growth, the other 3 are easily measurable.
For those who disagree with Sanusi above, they should either show the lack of correlation/relevance of Sanusi's premises to measuring negative impact on the economy,or present evidence that his claims in those premises are false. Saying he is prevaricating without providing counter evidence is BS. What should have happened is not necessarily same as what happened.

An example of a poor counter argument is (from the article)

Ndukauba Conclusion: the political impasse has increased investment risk

Primary premise:
1. the political risk rating of any economy is a high determining factor for investment.

Secondary Premise:
1. Most investors, external investors particularly, are looking at political risk while considering economies for investment
2. In the absence of a president, one of two decisions[b] usually[/b] lies pending and one of these is in terms of direction and policy making and how these would impact on businesses and investments.

The contradiction: while he was away, the legislature had found a way to make the Vice president act as the president, foreign players and other counterparts were more assured of the stability of the nation under one man but this recent uncertainty makes it challenging for investors" he said.

The problem with Ndukuaba (and similar arguments) is that they focus on what was likely to happen, but fail to provide any evidence that those things happened in this specific case. He failed to provide evidence of the relevant policy decisions that were pending, nor did he provide any evidence of discouraged investors.

Note: Sanusi' statement is different from Soludo's in that Sanusi was talking about the past, while Soludo was predicting the future. Soludo wouldnt make the same statement today. Hindsight is 20/20.

RuuDie:
Real are gonna get a real backside-whooping from Sevilla

My only annoyance is, then we'd be handing the title to Barca on a golden platter

In your dreams. Sevilla are woeful on the road, having lost 5 already.

bawomolo:
look at all these haters being quiet.

admit it, the bears are doing it big today

because you are wasting money on peppers

LWKMD
ol' boy dey chop firewood!!!

@OP
Rare leader? corrupt leaders boku yanfu yanfu for naija! rare ko,well done ni!