₦airaland Forum

@freaksonar, is the site hosted already so I can see what it looks like? Might be chanced one of these days for such adventure.

Halivy:

Can't you read? The writer did not only use the new admission policy of Jamb as an excuse for delay as it was put among many other reasons. Moreover, you can't compare the large volume of students admitted by UNILORIN to that of Kwasu and Convenant

Since when has number of grads become a measure of quality? In fact number of grad goes with undergraduate population and with the poor facility/equipment huge number of student reduces learning standard among others. You argued against yourself.

The cash volume in Lagos gives room for crazy looting margin. Most thing's in that Lagos are overrated. imagine spending so much to clean waste which can still be recycled but not being able to do a good job.

Baba is just after his second term and events are favouring him already.

change the million to billion and still a NO.

Barbaric!

Sharing won't take us anywhere in this nation. The north alone has the potential to earn more what oil is giving us currently.

oooduancalmdown:
I am tired of all these sharing of money. Ooduans need autonomy not all these bullshyte. We want a country where we can develop at our pace. We want good health care system, better infrastructure, stable power supply, electric trains. We are tried of collecting money like beggers. We want to develop.
Split Nigeria.
Split this giant good for nothing shytehole!!!!!

Does allocation stop Odua states from developing? Truth is there is enough room for any state that wants to grow. Stop blaming the allocation or reject it and grow yourvown way.

how many lanes are they rehabilitating from ikorodu to shagamu?

HigherEd:
Yes you are so right. CU, Landmark, PAU and even OAU were built with meaningful architecture tho. The problem of OAU was just lack of maintenance. Watch out for Dangote's university though. There is also a university in Tinapa to watch out for(Beni American University).

Dangote uni was announced but no info on it.

Nice. I like to see more of this. One thing about Nigerian unis is the uninspiring architectural works of their structures.

mikeolu1:
It's been like that forever.
The Jehovah's witnesses claim that they are the only true religion. I dont know if they still claim that after all these child molestation case started surfacing. Over 1000 cases in Australia alone.

While they may be guilty of cover up don't be guilty of stereotyping.

Religion is now like football team to some. Players and supporters try to cover the mess of their team.

Wicked jibe. . .

netbeans1:
Seun Osewa would never acquire this shitty website For $1,290.

Never!

Even Bill Gates won't

Not even for 10% of that.

netbeans1:
Seun Osewa would never acquire this shitty website For $1,290.

Never!

Even Bill Gates won't

The site looks like rice n beans cooked with red oil more than it resembles shìt. You were a lil bit harsh.

LordAdam16:
You all want world class universities with bottom-rate tuition fees, stable electricity, excellent roads, produce most of what we consume, world-class hospitals, N50,000 minimum wage; all on less than $30b annual budget where more than half goes for recurrent expenditure, and inherent wastage screws over the less than 30% capital expenditure. What sort of magic is that?!

-Lord

i am not an advocate of free or cheap education.

LordAdam16:
It takes money to make money.

We are 145 on the ease of doing business index out of 190 countries. Interest rate is 14+%. We only produce roughly 4,000 MW of electricity on average for the entire country when the current demand of manufacturers alone is 100,000 MW. Only about 11% of our population is in the middle class. And manufacturing already contributes roughly 10% to the GDP.

We aren't going to produce all that we consume very soon. It'd take time. A long time. And for every successful plastic or toiletries manufacturing company, there's a failed tinned tomato processing company. These loses and leakages you refer to would plug themselves as more people brave the tough terrain to set up plants. But that's only going to happen when all the indices point upwards. And I don't see how having $100b in reserves will stop these indices from pointing upwards.

As I've said Nigerians don't know what they want and are pathologically impatient; thanks in part to a chronic lack of understanding of how macroeconomics work. And then all that happens in social discussion is unintelligible noise.

That's how everyone was forming expert in 2008-2014 when GDP growth was in high single digits, inflation was in single digits, the economy was opening up net 1.2m jobs annually; people were claiming they are paper achievements and were not affecting the "common man." Today, when the chicken has come hope to roost and GDP growth is negative or less than 2%, inflation is in double digits, and the economy is losing net 1.5m jobs annually; and people can clearly see how that things are worse now than before, people are now saying let's do all we can to get those same paper achievements they lambasted just 2-3 years ago. Talk about epic ignorance.

Who is fooling who then?

We've just wasted 4 years and over N30t in FG budget alone because ppl couldn't see past their nose, and we're likely to waste another 4 years and tens of trillions if this inept government continues. Yet the one thing that should be excused from all the brouhaha, is the one thing everyone is fixated on with their pseudo- and quasi-analysis.

-Lord

I never said $100bn will or may hinder indices upward movement. What i pointed out is what we must do. What you replied is largely about things we lack like power.
I repeat that the pressure on reserve is a product of our self-induced famine. We have good wheather, rain and land for agric but don't cultivate to full potential. Until we start producing the things we are used to importing we will just be making "inteligent noise". If the last admin had built us refinery today there will be no need for huge petrol importation that's choking the reserves and indirectly affecting exchange rate adversely.
In the last 10 years we have earned hundreds in billions of dollars around $300bn to run the economy but didn't build good refineries to utilize our number one raw material - crude.

Today Dangote is opening eyes with his $12bn 650,000bpd refinery that's inline to create thousands of permanent jobs. The govt could have built 3 of such refineries effortlessly over the last 10 years knowing fully that it will create employments and increase the nation's earning.
It is easy to pick on one admin and bash it subtly based on political bias. What i am pointing out here transcends any admin or political party. It was recorded in The Holy Bible.

Sapiosexuality:
It is appalling. Our minds are too entrapped to understand the meaning of good leadership or how humans ought to be treated. We have been violated for long and we have come to accept that the rapists are doing us a favour days they refuse to rape us. We are mentally broken, tribally broken, religiously broken, culturally broken and our dull intellect has made us suffer.

Karl Marx said, religion is the opium of the masses but I think religion is the opium of the elites. Without the distraction religions offer, without that sense of hope religions offer, without that disdain for earth and the life of Pablo, people already down could be inspired to face their real enemies, the elites and politicians who dole out change to them. Like Zuckerberg said, Religion is useful.

Religion is opium of the masses. It is meant for private use and only becomes a burden when misunderstood. I pay tithe and tax and I know how they help with physical amenities and spiritual needs.
It is when we misdirect the need of amenities to God and depend on wisdom from govt that things go awry.

God builds nations and He does through men same way devil destroys nations through other men. The point is which group of men is in charge, the good or evil men?

There is inequality in Nigeria. This nation isn't united by love for progress but united by force for domination.

The anti-open grazing bill was a good one. Let them adapt to modern standards that have been tested.
We can't keep making laws and formulating policies just to carry people who aren't interested in modernizing along. Nigeria is bigger than herdsmen.

The crack is clear.

I go with GEJ for now. The govt should publish the facts and prosecute criminals were necessary. We need more than negative news that excites.

the man is right. educate men and industrialize.

Bill Gate is right. industry and machine is the new slave. We can't bring back slave law because America used it. Did China, Japan, Australia also build their countries with slaves?

I remember this screenshot.

Funny people. Mavrodi didn't force you guys and stated clearly you should use spare money. Greedy folks.

7lives:
Nigerians loves to spend money, if the Norwaygians are like Nigerians, that country will be in a big mess today.
Nothing is wrong with NIGERIA having a $200 billion dollars reserve.
Other countries that were smiling even with low oil price are not magicians, they only saved for the rainy day.

The problem isn't just spending. Everyone spends but the key is what are you producing to (1) reduce your spending and (2) increase your earning? We don't,t produce what we consume and don't, utilize what we have. we just sell and share oil proceeds.

LordAdam16:
One can never satisfy them as they really do not know what they want.

When GEJ was using out of the reserve to fund projects; they said the projects were invisible, only on paper, or insignificant; and that he shouldn't use the reserves.

Now that Buhari has stalled most projects and is shoring the reserve; they say he should spend the reserve.

People should make up your mind?

This is what happens when a country is run without a master plan and everyone and their grandmother is an armchair economist and urban planning expert.

We can't have it both ways. How about we decide to shore up the reserve to $150b within the next 3 years, which will be accompanied by slow-paced or near non-existent capital projects. And afterwards devote most of our resources to plug our huge infrastructural deficit for the next four years while keeping the reserves stable at that figure + or - $20b.

Most people, educated and uneducated alike, have no idea how abysmal our current situation is. We need at least $300b to have stable power. Our per unit cost on road is consistently in the top 10 most expensive list in the world; so we overspend by a factor of 3-5 on roads. I'm talking legal, play by the rules spending here. Let's not talk about our schools and hospitals. Or our poor maintenance culture. Then we send 48% of all our revenue to state governments that are run as cartels without accountability.

The level of wastage in Nigeria at all levels of government is mind boggling. And I've not opened the can of worms called corruption.

-Lord

The reserve will be under much lesser pressure if we produce enough of the things we consume. The article writer is advocating for cheaper Dollar by increasing Dollar supply for import. This will drain the reserve and take us back to our previous state where we ate the bulk of what we earned.
I expect the govt to build a gigantic refinery as a matter of urgency to reduce our monstrous import bill from petrol importation alone. if the govt can give funds for anchor borrower scheme to reduce rice import, what stops this same govt from building a gigantic refinery to stop petrol import as well? If Dangote didn't choosing to invest in rice but build a refinery what stop our govt from building a big refinery?

We speak so much grammar because we don't produce what we consume. if we produce what we consume and produce enough of it to increase supply, then demand for foreign currency to buy our needs (tomatoes and groundnut oil) elsewhere will reduce and that will naturally strengthen the Naira.
The advanced nations know this and don't play with industries that handle basic needs.

In the Bible when famine cut the supplies of Egyptians down, demand soared and it was recorded that money failed in Egypt.

Even if reserve hits 100 Billion USD, we still need to reduce our loses or leakages in Naira strength coming through funny imports of things like hair, toothpick, substandard gadgets.