₦airaland Forum

Ibime:
Ajimobi wey dey inside ICU with Covid?

Na so we see am o. Person wey dey on top ventilator(allegedly) yet he's appointed as acting chairman.

larride:
Retained earnings/revenue is not the same as Revenue generated. Like I said, whoever pen that trash tweets knows nothing about retained revenue.

Moreover most of the loans this administration has incurred are tied directly to projects which when completed will repay those loans.

Appeal court did not remove Oshiomole, they hold uphold his suspension pending the determination of the substantial suit at the Federal High Court in Abuja. This is a game that has different plan and stages and there’s a reason why Ajimobi was chosen as Deputy National Chairman for South in the first place. Look closely and you will see it.

Finally, our judiciary are using the powers they don’t have, party affairs are meant to be internal affairs and there are internal mechanism to settle those issues. as per APC constitution only the NEC can remove or suspend the National Chairman of the party but here we are seeing the court usurping powers that didn’t belong to them.

I'm very much aware what retained earnings are. You are deliberately avoiding the main issue of his post. We are spending an amount almost equal to out retained earnings on Debt servicing alone. I.e an amount almost equal to our retained earnings is spent on debt servicing....And we are probably still going to borrow more money.

Funny thing is most of these infrastructures are not visible, the ones that are their prices are inflated. An example is the set of fire fighting trucks Rauf Aregbesola took delivery and commissioned recently, those who looked the prices up online confirmed the quoted prices were seriously inflated by whoever was in charge of purchasing those vehicles. Even the latest models of the fire fighting trucks don't cost as much as dem Aregbe are claiming they got theirs.

As for Apc and Ajimobi issue seems there are currently 2 different acting chairman as we speak sef. Seems the party is heading for implosion as a result if it's internal politics

larride:
It’s public knowledge that our revenue has been impacted severally by the pandemic and oil price crash.

Nevertheless, whoever pen this trash for Atiku definitely do not understand the meaning of “Retained Revenue” and that’s the basis on which the trash opinion was based on. He’s just trying to incite Nigerians on social media. Nothing more or less.

Baba this Ur first line I think u may be right about the fall in oil price, but that pandemic excuse no follow. The pandemic wàhálà started affecting us at the end of first quarter/beginning of second quarter.

I don't know why u think he does not understand the concept " Reatained Revenue" but I think we should be concerned if our retained earnings is almost the same as our Debt servicing costs. Especially when the loan principal is still on ground and not yet settled at all.

By the way, what do u make of Appeal court's removal of Oshiomole as Apc national chairman and subsequent naming of Ajimobi as acting chairman; even though Ajimobi is rumored to be be currently Indisposed and fighting for us life due to COVID-19?

nihilistjnr:
https://twitter.com/Zaddy_Clinton/status/1273143683769131008?s=20

Arsenal fans don desperate gaan

We sha overcome, Fenibeso will accept our prayer and goat

Futurejoy:
Please teach me how to make Asaro

Just follow the recipe I posted here

https://www.nairaland.com/1122902/cook-kitchen-take-pictures-post/2013#88917046

Liposure:
u deserve a medal

Thanks boss

Pejudear:
This looks so tempting
Let me rush to my kitchen and prepare mine. Good work blueraydick

Thanks

Ẹ̀gbọ́n dey read psalm ni sha

Dyt:
Yummy yummy
Yummy

Thank u

Spy360:
Your point is respected. But getting a player like Haaland is not a luxury, its an investment.
Such investments for me should be our priority for now as the probability of getting the experience you wish for is very low since no proven top class experienced striker would want to join us considering the condition we are in. I insist that if Haaland is a possibility then we shouldn't miss out.

Haaland is too expensive for a player we are hoping will transit from a prospective star boy to a stay boy in the distant future. We bought Pepe within that price range and he's yet to live up to the hype.

Buying a 19 year old player that is coming from another league to the epl where he will have to adjust his game for 70million is not an investment but an unwise decision. I believe the decision makers at the Emitates won't give it a thought at all.

So I decided to have eba today after a very long time( I seldom eat it tho;I prefer amala)

eba + Ẹ̀fọ́ riro + eja kika

Larride what do u think about this? Is this just an opposition figure wailing or we should be concerned?

Spy360:
Your point is noted. But let's place it into context. Aubameyang is having contract issues with us already and there are rumors he is itching to leave.

So we are faced with keeping an unsatisfied Aubameyang or leveraging him to get a younger prospect. I think selling Auba and actually getting a huge prospect like Haaland is worth the risk.

I already pointed it out that if Auba must leave, then we should be thinking of getting an experienced striker that has proven himself to be one.

We bought an experienced Auba and he has since been banging in goals for the team. If we want to challenge for anything other than Emirates cup, then we should be getting proven names. Buying a player like Haaland right now is a luxury and not a necessity. The rush for Haaland should be for Clubs like Barca, Madrid, man city, man utd etc who are financially buoyant and can always count their losses should such players flop. There's paucity of funds at Arsenal, we should be buying an inexperienced 19year old for 70million.

Spy360:
Sorry bros but it's this kind of thinking that made us miss out on Christiano Ronaldo, Benzene,Mbappe, endless etc.

In a year or two max, Aubameyang would be done and then we would wish we had a replacement earlier- especially when the opportunity was there. When Haaland becomes the 'experienced' replacement you wished for, he would have gone to United or Madrid.

Selling Aubameyang to get Haaland now is a risk but it's worth taking. Those that are going after him are not fools. They have seen something.

Did Sir Alex sell off his best only to sign a young C. Ronaldo? I stated it clearly in my post that selling Auba who is undoubtedly our best player only to replace him with a young and inexperienced Haaland makes no sense at all. I still stand by it.

We would only go back to the days of dem Denilson, Alex Song, etc when we had young inexperienced players who couldn't win anything for years. A club that is serious will add players like Haaland to an experienced team and make him understudy big boys like Auba. It is the idea of selling Auba to get Haaland that turns the belly. How many young players become an instant success like Mbappe? Just imagine Barca sold Messi to get Dembele.


Did

Lunch : Village Rice + edikaikong + shaki

PS: I didn't cook.

raumdeuter:
If Rudiger begin chop grass for field know where that came from Segedinho things

I hope there is a mother somewhere to drop

Ibime:
Hahahaha. This shìt is funny.

So Angel Gomes dey go SCOAN?

He is highly rated though, Chelsea have been chasing him but he's just about to sign new £25k per week contract at Manure.

Na so we see am o. Make he sha become manure legend within 4 years o as he Don collect touch-and-go anointing

I no wan hear say man utd no win next year's champions league ó. A young scummie youth player collected new pair of miracle legs at TB Joshua's Synagogue church.

@afrodoc, Larride no need make Una buy any player ó

https://www.instagram.com/tv/CBeJEaNFk1P/?igshid=oceql9b6ojd9

As it stands, the only thing he owes Ur family is greetings and maybe calls once in a while to check on them. Once he asks of their well being and dem no sick, babu wahala.

Even Pharaoh no wicked reach Ur father. Someone who earns 70k per month, Ur father collected over 8 months equivalent of his salary from him as Ur bride price. It's nott even like u are a PHD holder and Ur dad feels he should get compensated for giving out in marriage the hand of a scholar: /future professor .

See ehn, Ur husband does not owe Ur family anything like he rightly said, in fact he is entitled to every dish they will serve in Ur brother's wedding sef. He has paid in full. Make Ur papa go liquidate part of Ur bride price he invested in bit coin na

raumdeuter:
I am not sure if its related to the below though

https://j.gifs.com/1WoXxm.gif

https://j.gifs.com/4QrAmx.gif

https://j.gifs.com/5QvBn8.gif

This is looking like a Morata with German passport doing his thing o

Earlier today. I decided to change my source of protein a bit

johnjunior39:
I will rather sell Auba and activate Haaland 70 million release money next season.

Sell Ur club's current highest goal scorer who was last year's league highest goal scorer ( because u believe he is aging) only to replace him with a 19 year old that plays in a farmer's league and expect him to to lead the frontline?

I no dey into this kind arrangement at all. Halland has only played for a short while in the Bendes-Ligor and he hasn't proven himself elsewhere. Signing him to replace Auba is a huge risk that shouldn't be taken at all. If Auba must be sold, then an experienced striker should be brought in to replace him

larride:
@ the bolded, didn’t you hear Atiku says he was going to sell NNPC to his friends? How is that different with the issue we are having with the discos currently? Or you think politicians won’t sell those assets to their cronies?

One first question is why isn’t these assets generating revenue as they should and then make systematic changes to make things work.

Look at the Aiaokuta Steel company, this FG has signed a government to government deal with the Russians to carry out full renovation and technical expertise to restart the steel company in a public private partnership. In the same vein, we can get the refineries working optimally again. It’s not everything sell sell sell.

NNPC as a whole is making profit, there are several divisions that make up the corporation and I think it’s only the refineries that are posting loss and i think that started change last year of thereabouts. I’m not sure on that tho.

Bros if Àtiku's friends have proven track record of engaging in companies' transformation, have capable managers that have been involved in management of big conglomerate on their payroll, etc....I don't see why the company should not be sold to them. If most of the companies some of them.have touched are still standing and declaring profit year in year out, then why not?

We all know the problem in the power sector is multifaceted. It's not just the discos that are the problem, we have old and rusty transmission lines( some as old as 40 years), the shortage of gas supply etc....

By the way, since the privatization of NEPA, PHCN despite the many challenges that comes with unbundling one big government corporation and dividing them into GENCOS,DISCOS, TCN etc...we've seen some improvements that weren't visible while we had the inefficient NEPA. About two months ago I finally got a prepaid meter that now puts me in charge of determining how much electricity I consume as against the old habit of estimate billing they do in the past.( Though not everybody has one yet, but at least they are driving it to ensure more people have access to it )

The point I'm trying to make is there is at least some level of accountability in the private sector. Even if u try to mess up, an independent auditor report will find u out and u will take the fall for Ur actions.

Look at Bunmi Oni the once celebrated MD/CEO of Cardbury. Despite his company doing well and he being referenced as one big role model for those in the corporate world, the moment a PWC report confirmed he had been overstating profit as much as 13 billion, he was disgraced and shown the way out. The company still stands today servicing their clientele after washing their hands off him. The owners of the company at least made sure he didn't drag the company down with him.

donjazet:
These northerners are something else
It's like most of them still live in the 15th century What the fuck_is this? Person gats run comot this shithole.
https://www.nairaland.com/5927508/herdsman-pictured-having-sexual-intercourse

But some oyinbo also practice this; I think they call it bestiality. Yes; they have a porn category for it sef

larride:
Do you want me to list the number of assets that have been sold and nothing came out of it?

Moreover, it is in own best interest to refine our oil. You can talk about reform or restructuring of the system to best utilize these assets than just selling them off.

When I’m less busy I will i find those monthly NNPC financial report and you will see that with a little twerk here and there and taking turn around maintenance on the refinery serious, we can maximize it. It’s a pity those refineries were built ages ago.

Bros forget. There are several private companies doing handsomely well without any government backed monopoly. We've seen how telecommunications companies have done really well compared tí what we had with nitel back then. They deliver service, get paid for the service and post good profit for their shareholders.

You see those companies u are willing to mention that were sold by government to private establishments and didn't post profit are mostly those sold to politicians and their friends.

I can bet u Dangote refinery will start production,will be posting profit in the long run and years after Kaduna refinery will be under renovation and still be posting loss by incurring billions of naira in Admin expenses. It makes absolutely no sense pumping money into the refineries when it's not making any money.

Talking about NNPC requiring little tweak to start making profit should not even be happening because even when the tweak is done the organization will still not be making as much profit as it ought to because of how government handles things

larride:
If you have been following NNPC monthly financial report, this won’t even come as a surprise to you. They have been reporting loss on all the refinery since god knows when.

I think last year or so was when the refineries posted profit or so. I’m not really sure.

Until those refinery are fully operational to full capacity and well utilized, we will keep hearing homogeneous loss from those refineries.

When will this be? I think its best they sell off those refineries. Our government has been known to be bad managers of business for years now. I don't even think the optimum profitability of the refinery can ever be realized under any Nigerian government.

afrodoc:
Shebi you know the story of Ajaokuta steel company limited?

This refinery still dey learn work in terms of waste.
Ajaokuta is the king of white elephant projects.

That one has been under renovation since I was in primary school. By God's grace it is still under renovation

wman:
Zero revenue. Zero!

How come? For Pete's sake.

A whole year. No revenue. I'm not even asking you to make profit. Just sell something.

The refinery should be sold. Atiku was right.

They are just money gulping ventures.

More like the company/corporation is only in existence to pay salaries. That's the kind of nonsense that happens in this country.

MaziAlaye:
Atiku proposed the sale of NNPC, but children of hate called him all sort of names. Even thousands of Hushpuppi no do reach this one.

Honestly! How can a company not be making money and yet they are allowed to pay huge amounts as salaries, feeding fat at the expense of tax payers money.

Taking away all political sentiments, the whole NNPC and its subsidiaries should be sold off. It is normal in private sector to sell off any division of business that is not reasonably contributing to the bottom line

If u studied accounting / finance forget that rubbish they taught u in class ; In Nigeria a profit making company can have 39billion naira admin expenses and 0 Revenue . Kaduna Refinery final accounts for the year 2018 is here to prove that

E shock u? E shock me too

Ibime:
Your case is nowhere near rested. Infact it's thrown out completely.

Legal limit is 0.08, my niggas level was 0.108

So he is only 35% above the driving limit.

That is nowhere near a candidate for EMT. Most niggas at 5 times the limit don't even need EMT.

For comparison, 2 pints of beer will get you to the limit. Rayshard has had the equivalent of about 2.7 pints of beer.

So I actually believe his story of 1.5 margueritas cos that should be equivalent to taking 2.5 pints of beer. He is nowhere near distressed or vulnerable.

On a normal social occasion, 3 pints float in most gees system. I have drank 14 pints before with no shaking except drunkenness.

oLIVER de coque

Liver full ground like sand