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Business › Re: Why Aliko Dangote Is Bad For Nigeria - Feyi Fawehinmi by COMPAQ(m): 4:40pm On Oct 11, 2017

LordAdam16:
Nonsense!

Show me any company in the Western world paying 1% in taxes.

And you're here talking about the benefits of tax breaks. Like I've been living under a rock or I'm an artisan. If the 1% is so okay, why is the government plugging the leak by excluding cement from the pioneer list now?

-Lord

https://www.theguardian.com/technology/2017/aug/10/amazon-uk-halves-its-corporation-tax-to-74m-as-sales-soar-to-7bn

Business › Re: Why Aliko Dangote Is Bad For Nigeria - Feyi Fawehinmi by COMPAQ(m): 4:39pm On Oct 11, 2017

LordAdam16:
I respect Dangote. And I fully acknowledge that morality and capitalism don't mix, but paying 12 billion out of 1.* trillion is disgustingly low.

That's around 1%. Corporate tax is 30%. Income tax (the tax you pay) starts at 25%.

Dangote is a smart businessman. And sure he has his plus points, but it doesn't mean we should all just ignore his minuses.

That said, I'd like to know what the margins and tax remunerations are with the other cement companies--LaFarge, BUA, Ibeto et al...

-Lord

Have you also considered the tax laws? I'm sure you know Capital allowances are? And in fact Dangote has consistently invested in new cement plants, so the capital expenditure will be knocked off whatever he should pay. And that's not counting the pioneer status provision as well (assuming he has pioneer status) so its understandable. I recall reading in the news a few days ago that Amazon UK paid GBP15mln on revenues of GBP19.5bln!!! That's why these corporate giants get good tax accountants and lawyers. There is only a crime in tax evasion but not tax avoidance.

https://www.thebalance.com/tax-avoidance-vs-evasion-397671

https://www.theguardian.com/technology/2017/aug/10/amazon-uk-halves-its-corporation-tax-to-74m-as-sales-soar-to-7bn

Travel › Re: Lagos Commissions Modern Lay By At Ketu (Photos) by COMPAQ(m): 4:31pm On Oct 11, 2017

But na we go still spoil am. Give it 2 weeks and boys have pasted all manner of poster on it.

Business › Re: Why Aliko Dangote Is Bad For Nigeria - Feyi Fawehinmi by COMPAQ(m): 4:27pm On Oct 11, 2017

Obi1kenobi:
As has been pointed out by some international critics of Dangote, we had better watch out for the refinery. This should theoretically be a good thing seeing as we can be self-sufficient in crude refining and eliminate the massive imports of refined crude. But the antecedents of Dangote and his cartel in the cement industry gives us a clue as to what this monopoly on local refining can devolve to. Because, rather than see a massive drop in prices of crude products, it would be unsurprising to see Nigerians having to STILL pay through their nose for locally refined crude - even higher than now. This is a man that makes over 50% profits on cement even as Nigerians groan under the high prices. Importing cement pre-Obasanjo was actually easier on the Nigerian population, seeing as cement, and consequently construction, was far cheaper. The so-called "local production" has only been a curse to us. The 10,000 Nigerian workers Dangote cement employs is not worth the sacrifice millions of Nigerians have to make.

So why are other petrol importers not interested in setting up their own refineries? Many people were given refinery licence before Dangote, but non of them started! Why? Because most of them wanted FG to give them lifting rights to crude. So in effect they didn't really want to operate refinery, they wanted to use it as a back door to be carrying crude in the name of operating refinery. basically easy money.

As for paying through the nose for refined crude, by how much are you expecting the price to come down just because its refined locally? Do you realize that it is probably less efficient to produce in Nigeria? Pipelines would burst and be repaired incessantly, local govt, state govt and FG will bring multitude of taxes, he will have to spend more on CSR in Nigeria than a refinery in Texas would!! All of this cost would be added to the final product. The only upside is that wages should be lower and the cost of shipping it to Nigeria should disappear, but then again, I have heard many times that it is cheaper to get a container from China to Lagos than from Lagos to Kano. At the end of the day the factors of production will determine the price. Or do you think because crude is in Nigeria, it will be free to Dangote? He will have to pay NGN equivalent of the international price for it - that's if the IOC's (or whoever is selling to him) don't even ask to be paid in USD.

All said and done, I'm not supporting Dangote or otherwise. I'm just trying to be objective and not look at this sentimentally or ethnically.

1 Like

Politics › Re: Ibe Kachikwu Exposes Maikanti Baru Through His Letter To Buhari (Pictured) by COMPAQ(m): 4:06pm On Oct 04, 2017

If Buhari has any sense, in order to make a point he should sack Baru and make Kachikwu MD NNPc/Minister of Petroleum.

Politics › Re: Ibe Kachikwu Exposes Maikanti Baru Through His Letter To Buhari (Pictured) by COMPAQ(m): 3:43pm On Oct 04, 2017

Emmytrill:
I am hereby officially giving up on Buhari's Government. The man is a total failure, an irredeemable bigot and nepotistic hegoat .

Likewise Bro. I also had high hopes for Buhari. I can now officially label Buhari as clueless!! He will not be getting my vote in 2019 if APC puts him forward. And unless APC rigs the election, if they put Buhari forward I doubt he will win a free and fair election, even with the masses of the North behind him.

Politics › Re: President Buhari Presides Over FEC Meeting Today (photos) by COMPAQ(m): 3:30pm On Oct 04, 2017

What do these ministers always have to joke and laugh about.

Travel › Re: FG Plans 10 New Rail Lines (list Of The Rail Lines) by COMPAQ(m): 2:17pm On Oct 02, 2017

I hope the Lagos Ibadan line will go through redemption camp. That would be a monthly money spinner. In fact if LASg can do a intra city line from the airport to the Lagos terminus, then people flying in could also get to camp in one seamless move.

Travel › Re: FG Plans 10 New Rail Lines (list Of The Rail Lines) by COMPAQ(m): 2:15pm On Oct 02, 2017

PETERENI1:
FG = SCAM! where is the Lagos - Calabar Coastal line they were brocasting upandan! APC is confirm government of FAILURE

Didn't you read the original post!?

Travel › Re: FG Plans 10 New Rail Lines (list Of The Rail Lines) by COMPAQ(m): 2:06pm On Oct 02, 2017

Shorsky1:
APC govt trying so hard to do many things that should have been done a long time ago.They should admit they have failed the masses.Planning and completing projects at the eleventh hour just because election is near won't help matters except they do something EXTRAORDINARY that will wow the masses.

And why didn't the other party in power do any of these in 16 years??

If every government had worked and the next government built on the previous one, we'd have moved forward by now and this government wouldn't have to be doing as many lines as at least 3 to 4 would have been finished in 16 years.

2 Likes

Family › Re: Igbo-Ora, Oyo Has The Highest Number Of Twins In The World by COMPAQ(m): 11:59am On Sep 30, 2017

And surprisingly this occurs in our own country, yet non of our professors who like to go on strike have ever done any research to find out the cause!

We are waiting for oyinbo to come and find out the cause for us!!

14 Likes 1 Share

TV/Movies › Re: TSTV Decoder Price, Subscription And Channel List In Nigeria by COMPAQ(m): 2:16pm On Sep 26, 2017

Pretty crappy website! These guys are not going anywhere! Usually, you can tell a lot about the quality of a company by its website!!

1 Like

Travel › Re: Africa's Fastest Trains Set To Be Shipped To Nigeria After Being Inspected. PICS by COMPAQ(m): 9:26pm On Sep 17, 2017

You all should also remember that it's not every country in Europe that has bullet trains.

The Greece, Bulgaria, Romania etc of this world don't have. So if we have trains that run at that speed, e haven't done too bad.

For your info virgin trains pendolino trains between London and Manchester operate at 250kph, so if we do 150kph we ain't that bad.

1 Like

Travel › Re: Africa's Fastest Trains Set To Be Shipped To Nigeria After Being Inspected. PICS by COMPAQ(m): 9:25pm On Sep 17, 2017

Realdeals:
Some people commenting in the negative have never seen a train let alone board it.
My only grouse with the new train is the fare, a journey of less than 30km for N750 is not fair.

Try London to Manchester and see how much you will pay. Be there complaining of N750! That can barely buy 5 cokes.

Autos › Re: Make Your Choice Of Cars,buses And Truck From Cotonu Using Ckcarmat by COMPAQ(m): 6:10pm On Sep 16, 2017

CKcarmat:
. Yes? Its an 2015 Eclass. Are you talking about the buying cost or the duty cost to nigeria alone?

The total cost to me if I were buying from cotonou. Purchase price, plus custom, plus delivery etc.

Politics › Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by COMPAQ(m): 6:05pm On Sep 16, 2017

FG should concession the key strategic roads in Nigeria.

Lagos Ibadan
Shagamu Benin (and rest of East West road)
Ibadan Ilorin (on to Abuja)
Port Harcourt Enugu
Abuja Kaduna
Kaduna Kano
Owerri Onitsha
Onitsha Enugu

There may be more since I'm not familiar with the north, but these are roads that should be in tip top shape at all times.

If I concession Lagos Ibadan for say 1bln for 10 years annual payment of N100mln, I upgrade infrastructure, am responsible for maintenance and I toll and keep all receipts for myself (of course still paying Company income tax on my profits), that seems like a win win to me - as follows:

For the people, yes they pay a toll, but the road remains in top top shape for 10 years. I'd rather pay N2k going to ibadan and back (N1k each way) on a spotless road than not pay and have issues with my car, waste more time and have more risk of dying.

For government, there is no need to budget for the road for 10 years and they actually get annual fee and taxes

For the economy at large, it add multiplier effects in terms of faster logistics, less loss of life for accidents
Support businesses will get a piece of the pie I e proper trailer parks and those selling food etc, and of course people working at the toll Plaza earn an income.

1 Like

Family › Re: I Caught My Wife Making Dirty Calls With A Guy. Help by COMPAQ(m): 9:01am On Sep 16, 2017

Zhahovic:
..
I feel so sorry for U man...I am sure if U confront her...she will deny there is anything between her and the guy...hell.. U might even be the one apologizing in the end...
..
I've dated two women before..
I snooped through their whatsapp chats and saw..serious.... flirtatious chats and hook up appointments with other men...
..
not that I am justifying snooping through your partners phone is right..
..
but when I confronted them..they denied and denied..... everything
..
well.bro..just pray o

Denied!! With evidence! Na wa o!!

Politics › Re: Nigerian Military Declares IPOB As A "Militant Terrorist Organisation" by COMPAQ(m): 5:36pm On Sep 15, 2017

Although I do not agree with the approach being taken by Buhari, the question I have for the people of the South East is that the various issues of marginalization, how come no complaint is being laid at the foot of the governors. The governors always point to the FG as the cause of the problems and yet the people stupidly believe.

No region has gained due to its people in power. The only people that benefit are the politicians through corruption, otherwise the north should have been a dubai by now, but they are even the poorest region of all. So where has the money gone?

What have governors of the SE been doing since for its people since 1999.

3 Likes 1 Share

Politics › Re: Power Generation Hits All Time High Of 7001 MW by COMPAQ(m): 4:23pm On Sep 15, 2017

Flets:
Fools everywhere.

Fools will agree that we doubled our highest production in less than two months (from 3300MW to 7000MW) without any capital infrastructural input. I guess we generated the extra power from thin air. APC is just desperate to find at least one campaign point.... but sorry this one cant fly. We are in total darkness even in rainy season

Again, Fools everywhere

The last reported peak power generation (Wednesday 13 September 2017) was 4142.5MW (courtesy of three)

http://www.pwh.gov.ng/management/manage/webpages/reg_upload/uploads_images/14900192759855.pdf

You shouldn't be in a rush to insult and criticize! if you'd only spare some time to think, you might realize the answer to your own question.

We do not need any further capital investment to generate more power, because we have thousands of megawatts stranded because we have no gas to fire them! So all that is needed is more gas and pronto, the power plants produce more power!!

Now I am not saying that we actually DID produce 700+Mw, I'm just giving you reasons why it COULD have been possible.

2 Likes

Autos › Re: Make Your Choice Of Cars,buses And Truck From Cotonu Using Ckcarmat by COMPAQ(m): 1:56pm On Sep 15, 2017*

Sorry I was trying to Quote the earlier post on page 44/45 that had the picture of an E Class there.I had thought the picture would show on my own post.

I believe its an 2015/16 E Class E350. From Cotonou.

Autos › Re: Cheap Cotonou Car/suv Delivered To Nigeria By Hassan See Pictures by COMPAQ(m): 1:40pm On Sep 15, 2017

hassrash:
budget 9m for es350 2016
budget 8.5/9m for highlander 2015
budget 18m for ml350.2015
Budget 9/9.5m for benz e350 2015
budget 8.5m for benz Class 2015
budget 8m for for avalon 2016

Thanks Bro, but i'm curious why a M Class benz is twice the cost of an e class benz of the same year? The prices as brand new are prety much the same.

Autos › Re: Cheap Cotonou Car/suv Delivered To Nigeria By Hassan See Pictures by COMPAQ(m): 3:43pm On Sep 14, 2017

How much would land CLEAN, SPOTLESS versions of these cars to my door mot in Lagos:

2015 E CLass E350
2015 C CLass C200
2016 Toyota Avalon
2016 Lexus ES350
2015 ML 350
2015 Toyota Highlander XLE

Thanks

Autos › Re: Make Your Choice Of Cars,buses And Truck From Cotonu Using Ckcarmat by COMPAQ(m): 3:30pm On Sep 14, 2017

CKcarmat:
NIGERIA LICENSED CUSTOM AGENT LAGOS/SEME COMMAND. I HELP PEOPLE IN BUYING CARS,SUV AND TRUCKS FROM COTONU AND DOING THE NIGERIA CUSTOM DUTIES. CKCARMAT,THE TRUSTED AND RELIABLE AGENT FOR IMPORTATION,BUYING AND CLEARING OF CARS,SUV,BUSES,TRUCKS AND GENERAL GOODS FROM USA AND COTONU TO ANY DESTINATION OF YOUR CHOICE. I ASSIST PEOPLE IN IMPORTATION AND BUYING OF CARS,SUV,BUSES,AND TRUCKS FROM USA,COTONU AND DOING THE ORIGINAL COTONU AND NIGERIA CUSTOM DUTY. CONTACT/PHONE NUMBER/WATSAPP. (+234)7085833438. (+234)7058462984. (+229)99693776. (MAIL)CKCARMAT33@YAHOO.COM. CARS,TRUCKS,SUV AND BUSES OF YOUR CHOICE AVAILABLE FOR PICK UP AT COTONU IN A CHEAPER PRICE AND RATE.I HELP AND ASSIST PEAPLE IN BUYING OF CARS,SUV,BUSES,AND TRUCKS FROM COTONU WITHOUT STRESS.YOUR SERVICE AND SERTISFACTION IS 100% GUARANTEE. OFFICE ADS/CUSTOM AGENT COMPLEX SEME. : : :

How much would bring in this E class to Naija??

Politics › Re: Lagos Commences Mechanized Sweeping Of Roads At Night (photos) by COMPAQ(m): 3:15pm On Sep 14, 2017

I hope they will all still be on the road by end of the year!!

Politics › Re: Fulfill Your Promise To Nigerians – Atiku Tells Buhari by COMPAQ(m): 11:06am On Sep 11, 2017

The FG is supposed to work for Nigeria's interest and not Atikus interest. If Atikus is monopolizing port operations with Intels, why shouldn't that monopoly be broken if it's in the best interest of the country, regardless of if Atiku is in APC or not. This just shows the mind of the individual. He's only interested to make money and further his empire, not the to better the lot of the people.

2 Likes

Car Talk › Re: Lagos Begins Cleanup Of Illegal Motor Parks Under Bridges by COMPAQ(m): 11:02am On Sep 11, 2017

They should also please clear abandoned vehicles on all our roads, especially inner roads. They are an eyesore and cause restrictions to smooth flow of traffic.

Sports › Re: Cameroon Vs Nigeria: 2018 FIFA World Cup Qualifier 1 - 1 (Full Time) by COMPAQ(m): 8:01pm On Sep 04, 2017

Ezenwa's cost us the game. It wasn't a penalty, but due to his experience and clowning around he gave the referee an opportunity to give the penalty. He looked like he was getting a little too comfortable and confident. In games like this, a keeper that's not very busy needs to constantly be on edge.

6 Likes 2 Shares

Sports › Re: Cameroon Vs Nigeria: 2018 FIFA World Cup Qualifier 1 - 1 (Full Time) by COMPAQ(m): 7:40pm On Sep 04, 2017

I always felt Ezenwa's monkeying around was going to cost us. He had started to get a little cocky!

Politics › Re: Appointments In NNPC: Ohanaeze, Afenifere, PANDEF, Senators, Others Kick by COMPAQ(m): 9:45am On Sep 04, 2017

I'm curious though, what was the composition of the Nnpc board in the 5 or 6 years that GEJ was president?

Politics › Re: Abike Dabiri-Erewa Reacts To Killing Of Nigerians In South Africa by COMPAQ(m): 7:20pm On Sep 03, 2017

While I don't condone extra judicial killings, the truth is that Nigerians are indisciplined and corrupt and we take that to a lot of places we go to. I have been to SA and my Nigerian friend living there showed me an area of jo burg dominated by Nigerians that native South Africans are terrified to go to. Even SA police tread with caution there. And what do our boys do there? Drugs, fraud, prostitution etc. Not to say that there aren't honest business men in SA, but just like we do in Nigeria here, we fail to conduct ourselves properly. If a Nigerian drug dealer in SA gets killed, should we be making a fuss!? If Nigerian police had killed Evans, many of us would rejoice that a notorious criminal is off the streets. What of the ALUU 4? So we are not better when it comes to random killings in Nigeria.

1 Like

Travel › Re: 8 Amazing Locations To Hike In Nigeria And Their Heights by COMPAQ(m): 9:38am On Sep 01, 2017

Nice! We really need to encourage local tourism in Nigeria. Wentbto olumo Rock last week with my family and had a good time.

But before local tourism and vacations can take off we need good interstate roads, security, good marketing, well built resorts etc. Funny enough we have some decent resorts, but their marketing is so poor.

For example I thought of going to obudu but I couldn't even find a functional website for them. Is that a serious resort?

10 Likes

Politics › Re: Buhari Award $5.8 Billion Mambila Dam Power Plant Contract To Chinese State Firm by COMPAQ(m): 10:25pm On Aug 30, 2017

I hope the contract includes the evacuation of the power.?

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