₦airaland Forum

How much?

The fact of the matter " Nigeria is Corrupt" and please stop thinking otherwise

ASS LICKER. If i were mr mimiko i would stay away from people like the poster.

Another useless committee formation. Nigeria is doomed

The fact of the matter is the borrower is forever a slave to the Lender. I thought we just recently paid off some loans. Now we have started to accumulate more debt. Please let us not kid our selves as this is not the first time money has lent to the so called agricultural programs. This monies is going to end up in some crooks pocket. Nigeria is doomed.

it is a simply a CHOP AND DIE mentality. Self centered bastards

What about the electricity projects to support all this so called development projects

must_a_far:
you are still corrupt, the fact that you received it makes you corrupt. the fact that you didnt have them prosecuted makes you guilty.

Well Spoken.

ElRazur:
I must say the example of using your payslip is probably a wrong example. However, let us not lose the fact that he is running the country well [by Nigeria's standard off course] and as such the disclosure of his state of health should not be up for debate. As accountability goes, his health state in my view is off limits to the Nigerian press.

I dont believe you actually wrote this. My heart saddens for all of us. It is either you are a benefactor of yar adua or you are family. yar adua has been in government now for almost 2 years now and not an inch of the so called 7 point agenda has been achieved. The list is endless of failures. One example that comes to mind is a so called declaration of state emergency on the power sector. What happened to the so called Electoral Reforms.

Under Yar adua Nigeria has taken 1000 steps backwards.

ElRazur:
I'm sorry but it is people like you who just ooze ignorance. Why the unhealthy obsession with the man's health? It sucks. Many leaders in history and as of now do have their health issues, I do not see how this is of any difference. Only that people like you and the immature Nigeria's press have an unhealthy interest.

So what if "e go die soon o"? Like you or the idiots who have an obsession with him will live for ever? People get a grip. This ain't no news.

My God this one Na PRo YAR DUll.

No doubt people have health challenges but you can't compare a simple head ache to more complex liver and kidney related issues ( or whatever yar adua is suffering from).  If we refer to back to history as you mentioned we find most sensible leaders with a health issues that we all know is  causing a big hinderance to their sense of judgment would not and never be contention for a leadership post or simply resign .  That is what i call leadership. 

In Nigeria it is a different case because we are so self centered and care less about the general direction of the country we are simply stuck in that CHOP AND DIE mentality.

Please tell when yar adua is on a foregin trip is  he is going to advise the photographers not to take close up pictures?.

I Love Nigeria. I would love to be a PoliSTEAlitian .  I say again Untill we are ready for a revolution we will never see change.  The fact of the matter your future generation's life has been mortgaged. When i get their i will surely do a remortage.

Please let me hear word.  Why invest billions in the purchase of armored vehicles why not divert the money in addressing the underlying causes of insecurity.  As it is Nigeria where nothing works i am not surprised.  It is very sad to anticipate future elections violence. We are surely reaping what we sowed.

Kobojunkie:
Who are these 'Nigerian YOUTHS' we speak of? That term ticks me off!!

Which youths . I suspect most of the people here are in the early or late forties.

bawomolo:
your dissection of obahiagbon's barrage of vocabulary trajectories is a perfect asymptotic analysis.

Are you sure you are not Patrick Obahiagbon''s brother?

Toxic Waste for Toxic People

If you create more currency without raising the value of the whatever backs that currency, the value of the currency drops. That’s called inflation — you'll need more and more Naira to buy the same loaf of bread.

The idea is that if the Government prints more money and stuffs it into our pockets, we will all feel richer. So we will go out and spend. We might by clothes, or cars, or houses again. And that might just save some of those retailers and carmakers who are in such a bad way right now.

But what happens when we do all go out and spend the new cash that's been dropped into our pockets? The answer is that people selling clothes and cars can start raising their prices again, because we feel better off and don't mind paying a bit more. So prices rise. But then, of course, we all come to realize that this has been another of the government's elaborate frauds. There's more money in our pockets, but it's worth less. It doesn't buy us any more than what we had before. All we've done is spent our savings. Thanks, Gordon!

Under the Zimbabwe policy, the public find they are no better off, but a lot of businesses will find that they are actually worse off. When the new money hits the high street or the car showrooms, sellers start expanding again. They might lease new equipment, hire more staff, order more stock. The trouble is that, when the fraud is exposed and they demand drops, they are stuck. They can't just cancel orders without penalty, fire staff without compensation, or sell equipment and expect to get what they paid for it. And many of them will go bust.

Inflating the supply of money is like a drug. You need larger and larger doses of it to keep feeling happy. Eventually, though, you have to come down, and then you're going to feel worse than you did before.

LMAO

This man has killed me. I thought i understood english.

deor03:
There is absolutely no BIG deal about this. It happens everywhere. Do you expect NIPOST people to know everywhere in the world?

I remember asking a BUS driver in the UK about a route, guess what he told me, He said i could check on the internet for information and that he doesn't know ?

Which bus route be that maybe he was a new driver. I would suspect that the Nipost staff would be able to refer a price guide or list because it is Nigeria where nothing WORKs bar a few pockets of development, i am not surpriced.

Make i add my own curse. " if steal money wey no belong to you it is not going to be better for you"

Is this a blessing or something to worry about?

There are strong indications that investment inflow to the upstream sub-sector of the Nigerian oil industry has started dwindling as foreign investors now choose Angola and Ghana as preferred destinations over Nigeria.
This, by implication, of course, would threaten Nigeria’s capacity to grow its crude oil reserves as planned and there might also be job cuts in the industry. Nigeria is targeting 40 billion barrels proven reserves by 2010.
Analysts have identified insecurity in the Niger Delta and unstable fiscal policy as key reasons while investors are gradually leaving Nigeria for more stable business climes.

BusinessDay gathered that international oil companies are beginning to see insecurity in the Niger Delta as a key threat to investments, especially with the experience that a major oil company like Shell has had,with its production dropping from one million barrels per day to about 380,000 barrels per day.
The concern, “essentially, is about militancy in the Niger Delta, and the failure of the government to even begin to resolve the Niger Delta crisis,” a senior executive in a big oil firm told BusinessDay.
“For two years now, this government has told us it wants to resolve the Niger Delta crisis, but as it is today, not a single shovel of sand has been moved to the area, and so far, its been merely promises,” the source lamented.
Oil companies, consequently, are becoming stricter with their investments as low crude oil prices persist, even as they keep moving strategically from high risk centers to low risk environments.
Furthermore, revocation of licenses earlier awarded is also said to be creating an impression of an unstable fiscal climate in the minds of foreign investors. Analysts cited the revocation of oil bloc licenses earlier awarded to Korean National Oil Company (KNOC) and ONGC of India, OPLs 321 and 323, after Production Sharing Contracts (PSCs) had been signed, as key indicators of an unstable fiscal environment.
Also, the Liquefied Natural Gas projects like Brass, NLNG 7, and Olokola, sources added, are being slowly implemented, as investors continue to weigh their investment options in the face of fast thinning purses resulting from low crude prices.
Oladiran Fawibe, chairman, International Energy Services Limited, said government’s recent policy as regards some international companies whose oil blocs were revoked would naturally give a wrong signal to the international community.
“They may be forced to think twice before bringing in their money. Investors who are daily bombarded about the security problem in the Niger Delta, the issue of crude oil theft and other criminal activities would not want to make any investment in Nigeria, as these things do not give confidence to foreign investors. The situation in the Niger Delta is no longer political, but criminal.”
In the same vein, Austin Avuru, managing director of Platform Energy, said insecurity of investments remain one of the major factors foreign investors are now looking towards Ghana and Angola.
He warned that “with the way things are going now, Nigeria may not be able to meet its OPEC production quota as a good number of companies are pulling out.”
Already, Angola has begun to attract more investments from oil companies as IOCs are making long term expenditure commitments in the southern African nation.
Total, for instance, said last week that it would go ahead with a $9 billion investment to raise production in Angola, despite a $100 fall in oil prices since July last year, occasioned by the global economic slowdown. Total plans to stick to its major investments in Angola, even as it expects crude prices to recover, the company’s top official in Angola said.
“We are living through a crisis that has pushed oil prices to very low levels. Therefore, we are being extremely strict with all our investments,” Olivier Langavant, its director general in Angola, was quoted as saying in an interview with Reuters.
“But the big projects (in Angola) like the Pazflor, which is a $9 billion investment, will be maintained.”
Pazflor, Total’s third production hub in Angola’s offshore Bloc 17, is expected to begin pumping oil in 2011 from water depths of up to 1,200 metres, according to the company’s website. It is the firm’s biggest investment in Angola.
Total is the third biggest oil producer in Angola after Exxon Mobil Corp. and Chevron, pumping, on average of over 500,000 barrels per day.
Chevron, Total and Eni are currently developing a $4 to $5 billion liquefied natural gas plant in Soyo, Angola. On the contrary, Nigeria’s Olokola, Brass LNG and NLNG Train 7, are yet to take off.
Chevron is also spending on the Tombua –Landana offshore field in Angola, although, it is equally spending money on the Agbami field and Usan development, offshore Nigeria in 2009.
Because of the high spend of the oil majors in Angola, big oil service companies have begun to win big contracts. BP plc has awarded Halliburton more than $600 million in contracts for up to four projects in Angola.
The Houston-based company will provide well completion equipment and drilling and completion fluids for about 50 wells across for developments. The first is scheduled to begin drilling in 2010.
Also, China and Angola would soon seal a $1 billon deal and it had already received $5 billion oil backed loans from China since 2002.

Omo da grin na bomb

I stumble upon his tracks by accident and ever since i dey hooked. F u ck AJasa he is a weak lyricst

Ndipe:
Why do you guys think the police were trying to extort 50 naira from the lady? Who even knows if the lady herself is guilty, and was trying to elude the cops. A picture is not always proof of reality, especially in the digital age of 'doctoring images.'

Please be advised that this image was not doctored in any form.

All of you seriously don miss road bigtime.

dont click - just ignore it is SPAM

bawomolo:
tough talk on the internet? priceless.

Thank you - it looks like some them are deaf. sit behind PC typing nonsense but very timid and gutless

zangief:
No, punish them Chinese style!

Are you serious or joking. Stop wasting your time

kellygirl:
when will these men stop stealing?

Never

All you cowards that can talk and do nothing.   Na today dem they divert money.  I am please inform you that childrens childrens childrens future has already been mortgaged.  Please change subject.


You lot are not ready for change as you are still comfortable with poverty and corruption mindset.  Maybe when we get to the Zimbabwe level maybe we might see an inch of change.

P.S     Call  me when you are ready for a more ACTION rather than talk.

Very True - I wonder where the facts come from. Every time i visit Nigeria i have to pray before and during the trip. Infact my relationship with God goes two noches up.