₦airaland Forum

larride:
Tinubu don suspend Efcc chairman. 😂

The way Tinubu dey suspend ehn, we fit wake tomorrow make he don suspend constitution o

monerozi5590:
I like Kwankwaso but if you go to Kano, the difference between Ganduje's infrastructure and Kwankwaso' is very clear especially the flyovers.

Ganduje's own is more standard. Looks very expensive.

🤣🤣🤣🤣

Wetin be this ?


U guys need Wike to become the next governor of Kano. He’s Mr Flyover himself.

iamoyindamola:
Good I actually like Kai Kai

I don’t like nor hate him. I just feel we already have an attacker who can dribble his way out of any defense in Gabriel Jesus . We have a striker who has good positioning in Nketiah .

What we need is a striker who can tire out any CB, a striker who can shoot very well, is strong both on ground and in the air ; and finally a striker who can run with the ball leading to goal . I don’t think Havertz is that guy.

I may be wrong tho

iamoyindamola:
Do you have issues with arteta signing his preferred players

No I don’t .

What is this news I’m reading about Arsenal in talks with Chelsea to sign Havertz ? 🤔

I thought we all agreed on signing a natural goal scorer as striker na. Shey Arteta no wan dey use natural striker like Guardiola post-Aguero era ni ?

GloriousGbola:
This is not the first time. This lpg first trended in 2016/17. Then people were selling kits for 40k.

I'm not saying it's new but now that many people will be using it, the risk of fire outbreaks will be high.

I Just hope we don't have increase in fire incidents/domestic explosion with all these trending "use of gas as alternative to power generating sets"

Seeing how and where some people keep their generators even when it was being powered with petrol is scary ......Now that they will be placing gas cylinders close their buildings in this our hot weather, I dey fear o

afrodoc:
This is what they have always done na.

Na Rawlings solution or French Revolution treatment fit most of these leaders.

Aswear ! They just waste money simply because they can .

This country na wa. Even Ben Bruce get mind to dey call people "419 Businessmen"

Ben Bruce that is one of the 400 people reported to be owing financial institutions to the tune of N4.5 trillion which AMCON bought over as bad debt. Niggga that owed as much as N11 billion to the extent AMCON had to take over some of his business premises .

Maybe somebody needs to tell him he's one of the 419 Businessmen that has held back our economy. smh

GloriousGbola:
I want to believe this is fake news. Only reported on Facebook. And only close up pictures. By now we should see the complete picture of the demolished roundabout.

Lets wait and see sha.

Fake news keh? Something wey ChannelsTv don carry

https://www.channelstv.com/2023/06/14/kano-gov-demolishes-popular-roundabout-built-by-ganduje/

https://www.nairaland.com/7727478/photo-news-kano-state-governor

This Rochas Okorocha vs Emeka Ihedioha happening over there in Kano State.

Imagine demolishing a project that was built and commissioned by your predecessor with public funds; just because u don't agree with him and his political leanings. I hope we all consider these waste of public funds when next we are discussing whether Nigeria is broke or poor.

Jollof rice and fish

liveLongNprospa:
Lmao this is another one nnpc should be made to answer for their crimes.

There's no where in the world with pipe monitoring equipment that they will claim for 7yrs they didn't know and only started discovering in the last year (2022) of Buhari's presidency.


Lmao these guys did hot tapping for years but na last year them finally shut am down to act film with channels tv😂😂

I really don't know how people who defend Buhari's incompetence live with themselves. Buhari will cluelessly look on while a bad situation gets worse, after much shalaye and agitation by political commentators, he will try and clear some of the mess made under his supervision and somehow that must be something worth celebrating; else u will be labelled "hater" . smh

Ibime:
I'm not buying it. Dangote is good for foreign loans on foreign repayment terms any day.

Let me get this right, if Dangote is worth only $13bln (most of it illiquid) and his refinery is worth $18bln, of which he owns $14.4 bln of it unencumbered, plus his other assets, who got their calculations wrong?

Some serious FX magomago may have taken place on this refinery. They should put electric shocks to Emefieles testicles, the truth will come out.

As a Nigerian , I can’t dispute the bold .

When a Nigerian businessman starts quoting dollars up and down , he won’t tell u about part of the dollars he accessed at a cheap exchange rate o. With Emefiele well known for his round tripping , I won’t put it beyond him if he’s enriched himself while making the Dangote dream come true .

Ibime:
.

It sounds funny to me. Businesses don't typically pay loans unless due, and logic dictates that the repayment dates of those loans will be tied to when the asset for which the loan was borrowed was supposed to start generating cash. This kind of loan will typically be structured over 10 years plus. Maybe the 20% NNPC cash injection was used for loan restructuring since the project was delayed

Lolz …. In Nigeria things don’t usually work like u expect them to .

I will give an example of a popular lekki pastor who took a loan from a commercial bank to roof his ultra modern worship center . The loan is spread for a 4 years period and the loan documents clearly showed means of repayment as “ offering , tithes , special donations, pledges and special seeds “ .

The repayment of the loan is not even tied to what the loan is being used for . U will be surprised if the man repays the loan within 2 years cos his source of repayment ehn, miracle fit happen in form of crusade 😆.

I’m not saying Dangote is clean o, but I think whatever he’s doing to be repaying those loans , only him knows . I’m just for us not thinking it’s false he’s already repaying even when the lenders through the CBN confirmed he actually is repaying .

larride:
You don type too much, Prosper na Dangote group CFO so he knows how much they make and how they service their loan.

You no suppose dey entertain this kind of argument tbh.

Prospa too dey let his political emotions affect his position at times on issues .

liveLongNprospa:
Lmaoooo so. In the end even you nor know how e dey possible to come up with that money😂😂😂

It’s not my job to know . I don’t have access to Dangote group’s Financials , likewise u.

The key take away here is that if Dangote wasn’t paying back his loan, the consortium of lending banks would’ve raised an alarm and Emefiele the CBN governor would’ve been working with AMCON to recover those loans from Dangote now instead of lauding him for repaying his loans.

liveLongNprospa:
Lmao.. Which kind profit Dangote see from e other businesses with investors to get 6billion dollars.

Okay let me reduce it to 3 billion dollars😁.

BlueRayDick my brother😌

I will not speak of things I don’t know . Around 2018 I was privileged to see the loan documents of some top commercial bank’s loan to Dangote group .

As at then I knew the funds were disbursed and with a structured repayment plan well spelt out which required the Dangote Group to service its loans as at when due .

What I’m saying here is Dangote group got the loan and has obviously been servicing that loan to extent of its balance dropping to the figures emefiele quoted .

How Emefiele messed up was making the whole thing look like Dangote Refinery ( a subsidiary of Dangote Group ) has been paying back a loan taken for its establishment even when it has not commenced operation . We all know that makes no sense hence why u actually think it’s funny .

In lay man’s terms : Na Dangote know wetin him dey do for him other businesses to have been able to use proceeds from there to sort his loan payment for the refinery project . PS: If u ask him , he will ask u to wait for his autobiography to read the secret inside

Ibime:
Maybe Dangote was roundtripping the 450 rate and selling for 800, that's the only way he could pay off loan without refining

I had to go back and read the news about Dangote paying back over 70% of the loans advanced to him for the construction of the refinery .

I think Emefiele is responsible for the confusion surrounding the Finance of Dangote’s refinery and the loan repayment .

Reading the excerpts in the screenshot below , I think Dangote actually borrowed from local commercial banks , he channeled the funds to the refinery construction but was servicing his loan from other business earnings like Dangote Sugar , Dangote Cement , Dangote Fertilizers etc .

So basically I’m assuming Dangote group the owners of Dangote refinery sourced for funds locally and abroad ; then Dangote group has been repaying those loans from earnings from its many subsidiaries .

Emefiele just opened his mouth waaaa ! didn’t make any clear distinction to people who don’t have deep understanding of these things saying “ Dangote refinery has been repaying it’s loans even when it’s not yet in operation” . now everybody is wondering how a company that is not yet in operation can afford to pay back loans taken to set it up .

afrodoc:
1970s Nigeria was the worst. Back then everybody combined and contributed to the looting of Nigeria. That oil boom came too early for the country. It is like when a young man hammers in his early 20s. Na soso Maybach and Ferragamo he go dey buy.

Na all those baba’s in their 60’s and 70’s now start dagbo dagbo for this country

liveLongNprospa:
Nor be today we begin dey craze😭😭😭

I listened to Jimi Disu on radio This morning and he mentioned something like this about the students loans which were given to students in the late 70’s/early 80’s.

He narrated how students get loans while in school claiming to be indigent students even after collecting the school fees from their parents at home. Some students bought nice power bikes with their own student loan.

Once they are done with school , they pay someone in the ministry to help them smuggle their loan file out after which they will destroy it and there’s no evidence of them owing the government .

The good thing now is that there are computer systems , database, backup and BVN that can spool out the data of any would-be defaulter

Kaycee54321:
Yes. Yes. I think so too.

I was just saying that since the guy from the underfunded uni has to put in more work...then the uni does not play a small factor...

It's actually a big factor because you've got to put in that extra work before you can even join the conversation about competing with your peers in the market.

I think I understand ur points well now

Kaycee54321:
What I was just trying to point out is that the school one attends plays a big role and not a small role in how one's career turns out.

A bright student from a public uni will need to work harder than a bright student in a well funded private uni.

At least, that's what I think.

If by the bold u mean A bright student in a public university has to put in more efforts to get good grades when compared to his counterpart in private varsity, I agree with u.

What I'm however saying is after getting ur degree from a public university, the knowledge u acquired from ur public varsity can afford u opportunity to compete favorably with those that graduated from private university

Kaycee54321:
A nerd in FUOYE may just have the same bandwidth in knowledge with an unserious CU graduate.

This is where I think u are actually wrong.

I've been on a team that had just 2 of us from public universities and 4 from private universities. Mind u, everybody on the team either graduated with 2.1 or 1st class from their respective varsities. What I confirmed at the end of the day was that everyone on the team deserved their place . The intelligence was there for everyone to see

Kaycee54321:
No. What I meant by foundational education isn't the 1+1 in pre college.

I meant for instance, someone studying comp sci who actually opens visual studio to code in class...no matter what the lecturer ends up teaching or not teaching...will most likely end up faring better than the regular student who writes obsolete code on paper, uses runs to pass the course of one "wicked lecturer" and gets his first laptop during NYSC.


And yes. UNILAG and CU can compete.

But what of CU and DELSU?
Or UNILAG and Fed Poly Ilaro?

Averagely speaking...

The problem here is u are comparing the poor students in public universities to their bright counterparts in private universities.

Yes I agree public varsities don't have enough infrastructures like laboratories , studios, workshops, etc. which makes learning difficult..... It still doesn't mean on an average the public varsity graduate won't fair well at the end of the day in his chosen career path.

Maybe its cos I'm speaking from social science/management science point of view. My experience may not actually be in reality with thiose who studied STEM courses in both varsities.

Kaycee54321:
I wouldn't say a very tiny fraction.

There's a difference between an Oko Polytechnic graduate, a FUNAAB graduate, a UNILAG graduate and a Covenant Uni graduate.

The quality of foundational education given to folks in these institutions vary.

Someone who studied in Oko or FUNAAB will really need to work extra hard to be on par with their UNILAG and CU counter parts.

And I don't mean just book knowledge. Being articulate enough to sell yourself, emotionally mature enough to ask questions when stuck and versatile enough to not stutter when you're asked about the latest trends in your career...

Intelligence varies oh. But school wey person go plays a big big role.

In my personal opinion, what matters most is ur secondary school/high school education. That is the best foundation u can get; the university is not the place where u are seeking foundational education.

There is no difference between intelligent UNILAG students and Covenant University students. I've seen this play out in my personal space over and over again. U may not agree with me, but If u put an intelligent CU graduate and UNILAG graduate on the same role they will both perform well.

76 years ago; when the British government was looking up to Nigeria one of her colonies on how Nigeria can “help” Britain after the war

We should buy rice whether na 100m or 200m. If the coach says that is what he wants, abeg they should give him so there won't be any excuse.

I read last week that Cancelo says he doesn't want to play in England for now, but I don't know how true the news report is. If we won't be getting him, I hope we are working on a Plan B in case the deal falls through.

We need to also work on bringing a natural goal scorer to join our attack team.

GloriousGbola:
I am going to hard disagree.

Unless you are a particularly bright student or one whose parents have exposed you or maybe you are self motivated, you will enter labor force at a disadvantage.

I am doing my own thing now and working with public uni grads. The difference between them and the private uni grads ehn. Incoherent poorly put together power point reports. You go correct tire. One 28 year old dude came to my place for autocad training. Meanwhile 19 year olds in covenant are being taught with revit. People everywhere want guys who can hit the ground running. Maybe things have changed now. So people actually learn REAL coding in public unis today ? When I was in school it was Fortran and pascal and algorithm on paper.

I think u have been unfortunate to have met the worse of the worse. I've worked in a private university settings before and I met some extremely dull students just like we had dull students in every set while I was in school.

There are a lot of factors responsible for students being dull. The school the person attended is just a very tiny fraction of the factors responsible for a graduate performing on the job.

And yes, things are a bit better in public universities now; unlike what u had in ur time. By 300L we were already writing seminar papers, doing presentations, etc which were preparing us for the outside world.

The problem is most people in the university assume university is a place like secondary school where u will be spoon-fed all through ur stay. Instead u are expected to carry out research and do learning on ur own for most parts

liveLongNprospa:
FG is subsidising University education..

Oya how are they doing it?
What are students paying for in the university experience that is actually expensive when you compare?

Isn't something subsidised supposed to be at the very least really good quality gotten for cheap?

FG is subsidizing by running the universities with government money while we paid few thousands as school fees.

For the purpose of argument u may not want to agree, but almost everyone knows that the "education" obtained from Private owned institutions where millions are paid yearly and one obtained from a tertiary institution affords u both opportunity to work in the same industry and function well on the job.

Yes public tertiary education has it's attendant problem like some lecturers missing lectures, some lecturers' teaching styles are archaic , etc. But as far as what u called "quality education" is concerned, both private and public varsities have what it takes to deliver . Most of the professors working in private universities were even poached from public varsities.

Except what u call "university experience" is just the ambiance, fine classrooms and hostels, beautiful buildings etc.

monerozi5590:
This is discriminatory. If what I read online is correct, it said it is only for children whose parents earn at least N500,000 per annum. That means if your father earns more, you won’t benefit.”


I saw the above part on the front page and I am kinda confused. At least 500k means 500k and above na.

Don’t be confused . What the 500k limit is saying is that if a family earns above 500k in a year , their son or daughter cannot access the loan .

Larride already said it’s more likely they will review it cos people whose parents earn higher than 500k per annum are still poor and they should not be excluded from being eligible for the loan .(Since the loan is supposed to be in Favour of indigent students )

Unlimited22:
Omo but how will someone on less than 500k annual family income access Two civil servants on GL 12 or higher or lawyers 10 years post call to be guarantors?

This is the same requirements most employees are asked to provide before getting employed na. U see people getting paid 70-80k by those outsource companies as bank tellers, they provide this same level of guarantors.

So it’s not a high bar if u ask me; because whether u like it or not u will still provide those guarantors when u are done with school .