₦airaland Forum

Islamic banking has to be Sharia compliant. So, it is now that the Central Bank of Nigeria wants to implement Islamic banking that these SANS realize that there is something called Interest-free banking, where were they before? You will shout till you tire but the policy will remain in-place.

you are not making sense

[b]the man has done [/b]well despite our personal views on his handling of the rot in the banking sector, truth be told, the bank was in a terrible state and would have fu-ked everybody up if the guy had not taken the hard stance he took back in '09

What exactly has sanusi done except his noise making and bigoted policies?

@op

you are jobless.Get busy

No one is ignorant of the occurrences of earthquake, especially in the Iceland. My concern is that it coincided with the hype about the world ending on the 21th as ''prophesied'' by Harold Camping.

I do believe that no one knows for sure when the world will end, even angels.But the rate at which people are seeing prophesies these days is baffling.

@poster you were attacked by a mental disable person and not bcoz of your nysc status
it is a common case all over nigeria, when you yell ole ole or thief thief, what you expect is an army of people with clubs, petrol and tyre. if for any reason. corp nembers are target in jigawa, explain to us how you guys have manage to stay alive.
i relate wit a lot of corp members here in jigawa of which many have shown thier desire to stay behind if employed by the state government. your co -corp fello one gearad from anambra state just got employed wit the state government and the bobo is excited to stay back. the truth here is that, corp members are never seen as a target in the north save for the unfortunate incident in post election violence. yet even after the violence corp members are still respected and offered jobs all over the north. a lot of corp members posted to the north and subsequently employed uses such job as a startup job before going for better jobs. others stayed behind use thier skills start a private business before moving on. @ poster you serve in the north thier are risk associated with serving in the north, just like thier are risk associated with serving in the south. for example a friend of mine also from jigawa state and coincidentlly from gumel serving in imo state just called me and told me how he cheated death by some seconds when some dare armed robbers invaded nwele police station olu imo state this morning shooting as if no body live within 30km radius of the police station.

Maybe you are insane or something more.Corps members were almost killed and you are here giving gospel.Who do you think is interested in this your crap?The violence in the north is becoming unbearable and something drastic needs to be done to control this or this country will be thrown into another civil war

was Harold Camping right about his prophesy?Lets keep watching.

REYKJAVIK, Iceland – Iceland's most active volcano has started erupting, scientists said Saturday — just over a year after another eruption on the North Atlantic island shut down European air traffic for days.

Iceland's Meteorological Office confirmed that an eruption had begun at the Grimsvotn volcano, accompanied by a series of small earthquakes. Smoke could be seen rising from the volcano, which lies under the uninhabited Vatnajokull glacier in southeast Iceland.

A no fly zone has been designated for 120 nautical miles (220 kilometers) in all directions from the eruption. Isavia, the company that operates and develops all airport facilities and air navigation services in Iceland, described this as standard procedure around eruptions.

"The plume of smoke has reached jet flying altitude and plans have been made for planes flying through Icelandic air control space to fly southwardly tonight," said Hjordis Gudmundsdottir, the spokeswoman for Isavia.

Grimsvotn last erupted in 2004. Scientists have been expecting a new eruption and have said previously that this volcano's eruption will likely be small and should not lead to the air travel chaos caused in April 2010 by ash from the Eyjafjallajokull volcano.

http://news.yahoo.com/s/ap/eu_iceland_volcano

I think 'Soludo' is jobless at the moment.

Soludo lost his chance to greatness.After the cbn post i thought he would go straight to the IMF, world bank or even Harvard to further advance his career.Rather, what i saw was a man going into the rubles of the 9ja politics.Guess what?They disgraced him. I still think Ngozi Okonjo remains our better option.

Then i begin to wonder,who among the African professionals is fit for this glorious position and what does Africa stand to benefit in real sense?African professionals seen to have deserted their professions for politics.Can Okonjo Iwala make it?Lets watch as events unfold.

With the of demise of the Managing Director of IMF, Dominique Strauss-Kahn
who has just resigned his position due to alleged sexual rape, the
momentum is gathering for the job opening to be filled. This time around
the Brentwood institute that has always European and American boss may be
willing to widen its scope of its applicants. Emerging nations are asking
that the position of managing director to be filled by one of them. The
time has come to give an African a chance to lead the organization at the
dawn of 21st century.

IMF in real sense of it should be catering essentially to emerging nations
with weak but promising financial wellbeing. “After World War II, the
World Bank was established to provide long-term financial and technical
assistance to developing countries, and the IMF was created to manage a
system of fixed exchange rates. Essentially, the dollar was pegged to gold
and other currencies to the dollar. The Americans got the head of the
World Bank and the Europeans the IMF,” as Professor Peter Morici assured.

The 67-year institute has always been dominated by European chiefs because
of the clout the European nations enjoyed. But the developing and emerging
nations are gradually accumulating power due to their increasing numbers
that are tantamount to larger voting numbers. At same time the bulging
GDP and economic growth of emerging nations including China, India,
Brazil, South Africa, Nigeria and others are pretty impressive.

African nations including emerging and developing nations grip on IMF are
getting stronger. According to Dr. Jason Wingard, Wharton school of the
University of Pennsylvania, “Based on IMF statistics, voting blocks are
changing — largely due to economic shifts in global production. For
instance, the European Union’s voting block percentage for its 27 member
countries will drop from 32.4% to 29.4% after post-2010 reforms.
Developing countries will have a combined voting block that is almost 8%
larger than European nations. If the next managing director is elected
rather than appointed, over two-thirds of post-2010 reform votes will be
cast by non-European Union countries’ representatives.”

This is a good sign which bodes well for global financial and economic
integration. It shows that in the changing world that developing and
emerging nations will have a say in making of monetary and economic
decision that effect the entire global village. With the rising and ever
increasing power of China and India it is logical that a house of IMF is
rearrange and has them and others accommodated.

IMF a lender of last resort mostly caters to developing nations of
southern hemisphere and has a stronghold in Africa due to increasing
integration of the continent to global economy as its share of global
economic activities gets stronger and bigger with increasing GDP.

Economically, Africa is the fastest growing landscape at above 5 percent.
The economic outlook for Africa is encouraging and on its recent report
IMF states that, “Sub-Saharan Africa’s recovery from the crisis-induced
slowdown is well under way, with growth in most countries now back fairly
close to the high levels of the mid-2000s. Growth this year is expected to
average 5½ percent, and 6 percent in 2012. “

To encourage the continent of Africa for its economic gains and progress
is to have Africa produce the managing director of IMF at this point in
time. An African leading the powerful institute is a sign that world is
serious of bringing in Africans at the table where big deals and
decisions are made.

It is not a news anymore neither it is a secret that Africans were not
happy with application of the pre-lending requirements before funds were
released to the nations of Africa. The criterion that comes with
austerity measures embedded in structural adjustment program sapped and
arrested African economic development in 1980s and 1990s. The position of
IMF boss for Africa will be a compensation and recognition of African
endeavor to overcome past mistakes by IMF in Africa.

One great thing of having an African as an IMF chief is that its
neutrality in dealing with China and the West will be good for the global
economy. The issues of trade deficits, currency assessment and debts will
be deliberated with an African in neutrality.

Emeka Chiakwelu is the principal Policy Strategist at Afripol. Africa
Political and Economic Strategic Center (Afripol) is foremost a public
policy center whose fundamental objective is to broaden the parameters of
public policy debates in Africa. To advocate, promote and encourage free
enterprise, democracy, sustainable green environment, human rights,
conflict resolutions, transparency and probity in Africa.
http://afripol.org/ strategist@afripol.org

http://newafricanpress.com/2011/05/21/an-african-should-lead-imf-for-a-good-reason/

So, the the world has finally ''ended'' in Nigeria as predicted?

what a clueless country with clueless leaders.

Please i need the contract for the supply of bullets to the corp members, or are they going to use the gun without bullets?

I studied Economics, if given another chance I would go for Economics or computer sci.Recently, i started developing interest in Investment Banking and hope to float mine in the future.Even though finance is an offshoot of Economics, I think am gradually losing my Econs skills.I may therefore go for another Masters in Econs after a few yrs of work.

I work as a product manager, and I employed 2 statisticians to work with me as prepaid product specialists.
Their statistical abilities help a lot to understand prepaid consumer behaviour. They are even more effective that the guys who do market intelligence in my company at getting data.

Though I think maybe Nigeria's corporate landscape is not that developed yet. Companies are big on operations and not R&, which is really where statisticians would play. It would be difficult to get a job as a statistician fresh out of school.

What statistics graduates should do is endeavor to upgrade yourself in the sector you're targeting. For example, you can look at a postgraduate in finance, economics, or actuaries to be able to get opportunities in the banking, finance, or insurance sectors. You can also go into data analysis/data mining. That's an area becoming big in most enterprises in Nigeria. You can also get skilled on marketing, to have a chance with the market planning and research areas. There's also geo-informatics which can go hand in hand with marketing towards geo-marketing. That's a skill that is now being looked at increasingly by FMCGs, and especially telcos.

There are lots of other opportunities, but these things take time to reveal themselves. Any professional in Nigeria should see themselves as pioneers, because in may sectors, the level of local manpower development is very low. You have to inculcate a value-add mentality, i.e. what can you bring to the table, rather than the usual I-just-need-a-job mentality. I read somewhere recently that around 20 million university graduates in America are doing jobs that don't require graduate knowledge, meaning they are essentially under-employed. So the problem is not really in Nigeria, we just have a more acute situation because we are grossly under-developed for our population.

spot on.

To me, maths or stat can't stand on their own.They are tools that will enable one understand and apply other fields of study more appropriately.As a math or stat grad, you should work towards acquiring other skills that will make you more marketable, especially in the area of finance, econs or I.T.

what you call senseless has made it to the front page

Of course, so that the whole NL community will see the level of  folly displayed by the lady in order to dissuade them from making similar mistakes

must you e-diots always insult?

yes, especially when someone throws commonsense to the winds

Another senseless woman gone.Rubbish !

Finished secondary sch 4 yrs ago, always passing jamb & post ume yet no admission. It is seriously killing me, it makes me cry, BUT I JUST WONT STOP ENCOURAGING MY SELF!

This really touched me cos i passed through same thing.But today, i v exceeded my aim and still hoping 4 more.

Keep pushing, you will soon get there

so your madness has gotten to this level? I pity your parents.

Another wasted sperm spam

you dey craze

“The NYSC could not point accusing finger to the police because if they had told the police, we would have given them some policemen,” the police image-maker said while urging corps members to always participate in community policing.

If Rochas can achieve 50% of the above, then Imo state will take a foot on the ladder of growth and development.I just scanned through the manifesto, i think it's plausible considering the state of decay Ohakim left the state.Tertiary education in Imo really need to be looked into and aggressively overhauled.Ohakim destroyed the only state university we have, turning it into a glorified nursery school.

In order not to be overwhelmed by  mountain of programs, i think the governor-elect should concentrate in the following areas:

1.Infrastructure

2.Education, not just paying teachers' salaries but ensuring that necessary facilities are provided.

3.security

4.Health care, especially in the rural areas

5.Transportation.I am tired of this danfo people

Achieving all these requires discipline and timeliness.Projects and programs should have specified timelines and appropriate monitoring and evaluation techniques must be put in place to ensure that projects are completed as planned.

Victim

what is really going on in this country?People commit crime with impunity.

Miss Goodness Moses has just finished the Ordinary National Diploma (OND) at the Institute of Management Technology (IMT), Enugu and came to Lagos for her one year Industrial Training (IT). The 26-year-old lady had actually approached Nestle Foods Plc for the training and was hopeful of being given the opportunity to serve in the multinational company, for her practical experience, before going back for her Higher National Diploma (HND).

Presently, verifications are going on in the school to know those who qualify for the HND. But the Marketing student may not have the opportunity again, at least, not for now. She is battling to ensure she doesn’t go blind, after she was allegedly hit and stabbed in the eyes by a businessman, Uzoma Nwezie. The incident occurred on Sunday, March 13, 2011, at 6, Ajayi Street, Catholic Road, Ipaye, Iba Town, Ojo, Lagos.

Trouble started for Goodness, when she was trekking to Ipaye bus-stop that fateful day alongside one of her sisters. According to her, Nwezie, who was driving, almost ran over her if not that she ran into the bush where she fell flat.
The victim, who said it was the fall inside the bush that saved her from being crushed by Nwezie’s car told Daily Sun how she got up, cleaned herself and they continued their journey, only for him to reverse and challenged her for allegedly calling him devil.

“I didn’t call him devil, I only said, ‘it would not be well with the devil’. I even apologized to him and he still used sharp object to hit me in the jaw and I started seeing stars. My eyes later went blank and I started screaming for help. People tried to stop him from further torturing me but he refused. He tore my clothes and bra. The incident occurred between 7.30 and 8 pm. I lost my purse, money and the torn dress,” she said.

According to her, the businessman, his wife and group of boys stormed their compound, fuming with rage.
“He resumed the attack on me and even extended it to my father. That was the time he stabbed me in one of my eyes. Because of the hitting and the stab, I started vomiting blood and was quickly rushed to the El-Shaddai Hospital, Iba Town, but the doctors referred me to the Lagos University Teaching Hospital (LUTH). At LUTH, I was referred to St. Edmund Clinic and Eye Hospital, which later referred me to Eye Foundation, Ikeja, where they performed Rectinal detachment.”

After the operation, Goodness said she couldn’t see with one of the eyes, while the other one is getting worse.
“Pus is also gushing out from one of my ears,” she lamented. She was supposed to be going for medical check-ups and further treatment, but her alleged attackers have refused to take responsibility for that and refuse to show up.
“The condition of my eyes are deteriorating daily, and my parents do not have money to treat me. We have tried to compel Nwezie to take me to the hospitals, but he said the money he spent so far, was all he could spend and that the court would decide the case.”

After the incident, Nwezie was arrested by the Ojo police division and detained, before charging the matter to Ojo Magistrate’s Court. The accused is facing on a three-count charge. The first count charge reads: “That you Uzoma Nwezie ‘M’, Ogwuchukwu Okoye ‘M’ and others at large, on the 13th day of March, 2011 at about 7 pm, at No 6, Ajayi Street, Catholic Road, Ipaye Iba Town, in Ojo Magistrate District, did conspire among yourselves to commit felony to wit assault occasional harm and thereby, committed an offence punishable under section 54(a) of the Criminal Code Cap. C. 17 Vol. II Lagos State of Nigeria, 2003.

The second charge reads: “That you Uzoma Nwezie ‘M’ on the same date, time and place in the aforementioned Magisterial District did unlawfully assaulted one Goodness Moses ‘F’, Aged 26, by giving her first blow on her eyes, which caused her harm and thereby, committed an offence punishable under section 355 of the Criminal Code Cap C. 17 Vol. II Lagos State of Nigeria, 2003.

The third and last count charge reads: :That you Uzoma Nwezie ‘M’, Ogwuchukwu Okoye ‘M’ and others at large, on the same date, time and place in the aforementioned Magisterial District did unlawfully assaulted one Goodness Moses ‘F’ by giving her first blows all over her body, dragging her on the ground and in the process strip her naked and thereby committed an offence punishable under section 351 of the Criminal Code Cap. C. 17 Vol. II Lagos State of Nigeria, 2003.

The embittered father of the victim, Moses Onyike, who spoke to Daily Sun is worried that his daughter might go blind, if she is not given adequate treatment. The man, who worked in the National Theatre before he retired, said Goodness is his only child in higher institution, adding that her condition now is capable of discouraging him from training others.

The case has been adjourned till June 1, 2011.

http://www.sunnewsonline.com/webpages/features/crimewatch/2011/may/19/crimewatch-05-19-2011-001.html

Is this man still walking around free? Is Agodi prison filled up? Please EFCC should do something really urgently to nail this criminal

Outgoing Governor of Oyo State, Otunba Adebayo Alao-Akala yesterday denied involvement in an N8 billion scam, saying he would go mad if he had access to such whopping sum of money.
Speaking in Ibadan, Alao-Akala declared that he was not moved by the widespread rumour that he would be summoned for probe by the Economic and Financial Crimes Commission (EFCC) after leaving office on May 29.

Alao-Akala who said he was not unaware that there would be series of allegations against his administration after his exit on May 29, warned journalists not to allow themselves be used by politicians to rubbish him, urging them to always cross-check their facts before publication.
In his valedictory message to the leadership and members of the Nigeria Union of Journalists (NUJ), the governor maintained that he had not done anything that would warrant EFCC inviting him for questioning let alone asking journalists to cover up such story.

Apparently referring to a recent newspaper publication that he was being haunted by the EFCC over an alleged involvement in over N8 billion scam and that he was one of the outgoing governors that might be summoned by the body after leaving office, the governor declared that, “I will go mad if I have access to such an amount of money. If they want to probe me, I am open to probe.”

He boasted that in the last four years, his government had undergone various developmental projects aimed at improving the living standard of the people of the state in line with the 13-point agenda of his administration.
“As a government, we have tried to put smiles on the faces of the people, we have added value and we can walk tall as a man who has done his best.

“We will allow posterity to judge us. We have been able to make a difference in many areas including agriculture, health, road construction and maintenance and many others.“We have delivered on our promises by adhering strictly to the 13-point agenda of this administration and with my philosophy of serving the people with the fear of God. The evidences are there for all to see but you cannot please all, which is why I want to urge you to feel free to cross-check from me or any of my aides any grey area before publication,” he said.

He spoke further: “You all know my line and any of my aides. Try and check your facts before going to the press. We have tried our best for the state and we can walk tall and raise our heads high because we have been able to make the difference in all aspects of governance.

“I respect the tenet of your profession, which prescribes that you should leave out if in doubt and when it becomes necessary that you must publish, ensure that you balance your story by asking questions from me. My telephone numbers are still the same and I will gladly answer any question from you to clarify issues,” Akala assured. He also reiterated his belief in leaving behind a good name for his children, a philosophy he said had contributed to the way and manner he piloted the affairs of the state.

He words: “My name is my asset. I am using the name of my father, my children are using my name. I have tried as much as possible not to jeopardise the future of my children while in office because my father did not destroy the name for me. I will never do anything to destroy my father’s name.”

http://www.sunnewsonline.com/webpages/news/national/2011/may/19/national-19-05-2011-002.html

I believe our politicians know the right things to do, but they lack the discipline and political muscle to do the right thing(s).

Poor macro-economic environment, infrastructural challenges and poor governance are some of the reasons Nigeria often does not do well in competitiveness rankings, Oby Ezekwesili - World Bank vice president for Africa - and Jennifer Blanke - lead economist, World Economic Forum - both said.

For Nigeria to grow further and be globally competitive, it needs to put in place those conditions requisite for a vibrant private sector which will create jobs and help drive an inclusive growth, according to them.

Nigeria ranked 127 out of 139 countries profiled in the Global Competitiveness Report last year, and also performed poorly in the Africa Competitiveness Report released recently.

In the Africa Competitiveness Report, Nigeria came just ahead of ten countries on the continent, including Angola, Chad, Côte d’Ivoire, Mali and Zimbabwe, among others, while Mauritius, Namibia,Tunisia South Africa, Egypt, and Gambia, among others, all ranked well above it.

In separate interviews with Ezekwesili and Blanke, each was worried that this poor performance which is indicative of low productivity is not in the best interest of Nigeria, particularly as other nations are raising their effort to attract investments into their respective countries.

This year’s Africa Competitiveness Report - the third in a series - was published by the World Economic Forum (WEF), the World Bank, and the African Development Bank to underscore the importance of discussing the challenges of competitiveness on the continent.

Competitiveness, according to them, means all of the factors, institutions, and policies that determine a country’s level of productivity which in turn sets the sustainable level and path of prosperity that a country can achieve.

Blanke, who is also the Director and Head of the Centre for Global Competitiveness, said Nigeria fell quite a bit in the report and there has been a lot of concern in the country about institutions and governance. “Poor macro-economic environment at the time also sort of pulled Nigeria’s overall ranking down.

Again, Nigeria needs to take time to improve its educational system, health care system and build infrastructure and so on,” she added in a chat with BusinessDay.

Blanke said the trend reflected Nigeria’s poor business environment and would continue to discourage investors if not urgently tackled, urging government to quickly set up a National Competitiveness Council, an initiative that brings both the public and private sectors together to discuss best strategies to tackle all constraints to productivity.

In her words: “The ranking is an indication of how difficult it is going to be for Nigeria if some very clear changes are not made in order to be really productive and grow and provide gainful employment going into the future.

So, when you talk about inclusive growth which is obviously a big issue in countries that have big inequalities, for me, it is sort of a wake up call to the public sector and the private sector to say, look, we need to do something.

Therefore, my sincere advice to the Nigerian government is to ensure that the National Competitiveness Council or a similar vehicle really listens to the private sector about what they need in order to be able to do business in Nigeria because one of the big issues in Nigeria is the need to diversify from oil to provide gainful employment, especially for the young people, who make up such a big proportion of the population”.

Globally, a country’s competitiveness is measured under 12 pillars, namely: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.

The Africa Competitiveness Report highlights areas where urgent policy action and investment are needed to ensure that Africa sustains its economic recovery and continues to grow in the future.

Ezekwesili said Nigeria still has quite a lot of challenges to contend with as regards these indicators and would need immediate and sincere policy actions from government to change the status-quo.

Asked which specific areas she would advice the Nigerian government to look at, the World Bank vice president quickly noted: “They are numerous. I guess you need to look at the many indicators of competitiveness. It is essentially a whole range of things, it has to do with the quality of your macro-economic policies, it has to do with the quality of the sectoral policies.

It has to do with the quality of the institutions and your governance and regulatory system. It also has to do with the cost of doing business in your neighborhood, and in all of these areas, there’s still quite a lot that Nigeria needs to accomplish.

Gender is a very, very huge one and the earlier Nigeria starts to tackle all of those obstacles and constraints to business, the better for the country because productivity does not just happen without you tackling those constraints”.

http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/21689-why-nigeria-still-fails-in-competitiveness-by-ezekwesili-wef

@aloy/emeka

You are a BIG disgrace, so you went to facebook and downloaded this two sisters' pictures just to rubbish them on NL? You are wicked. This ladies r not lesbians.I know them on facebook and you came here to display their pictures as lesbians.

This is too bad ooo.

Security

Just this!

Functioning and functional hopitals