₦airaland Forum

This is not a big deal. Many countries who host olympics also struggle to put their stadia to good use. I've been to Barcelona and visited the Olympic stadium there. It's also underutilized.


Left to me If I could get hold of the surulere stadium complex, I'd build a mall and amusement park there, demolish the main bowl, build a smaller dedicated soccer stadium, keep the tennis, swimming, indoor courts, build smaller Futsal pitches (like 4) and rent those out as club membership for the middle class of surulere to have a place to keep fit in the evenings and on weekends while members of sport associations would be eligible to use during the day when most people are at work. The Lagos state stadium across the road can suffice for track events.

Like they say, " a people get the leaders that they deserve..."

This is evidence that Nigeria will still be in the same state it's in now by 2050!!!

Adminisher:
There are too many ignorant, dumb kids on Nairaland.
Nigeria only owns 50 % to 75% of this plant? I am not sure if the cottect percentage
The FG merely wants to dilute this a little to maybe 45% to 30% and still be the largest shareholder. There are two or three other big owners including she'll and maybe Phillips.
What Nigeria has gained most from LNG is the enormous tax the company has paid since inception. That will not change and might increase if they get more trains.

I am beginning to support quick asset sales so that corruption will be reduced. Nigeria makes more money from tax than dividends. One of the stupid things the corrupt Dieziani was using to boast is that she never "touched" LNG dividends "yet" as if she was appointed to misappropriate it in the first place.

Bros, i find that majority of people on Nairaland (and Nigeria) are largely clueless about economics concepts. If they were, they should be able to deduce that what the government means is a dilution of ownership (though the government has done done itself any favours with respect to explaining itself properly).

Let's take the JV's for example, Govt takes its share of 55% of the crude and still charges 85% tax on IOC profits. The crude on the other hand, we have little clue what happens to it what with swaps and all. Personally, I'd rather the government makes its money from taxes as opposed to lifting crude and trying to be involved in the operations directly. Benefits of it are as follows:

Greater efficiency as the IOC can operate with less government intervention (major contracts lie with NNPC board for approval for years sometimes, stiffling investment)
Government should focus squarely on regulation.
IOC's can invest faster if they have more control - meaning faster profit and more tax.

Xxquisitee:
0812 643 3328 or 08141389751

Who is this one marketing?

and what have we done with all our so called national assets? Let me remind us of some of them:

Nigeria Airways.
NITEL
Nigerian National Shipping line
Eleme Petrochemical
Refineries
Ajaokuta
ALSCON
Palm Companies
Iron Ore compnies
Rubber companies
Banks
Salt companies
fertilisers

Can anyone tell me anyone of these companies that are productive today?
But we replaced NITEL with GSM - super efficiency will billions contributed through taxes, work for those fabricating mast, supplying diesel, jobs to nigerian
We replaced govt banks with GTB, Zenith, Access etc - much better service and billions paid in taxes
We replaced Nigeria Airways with Arik, Medview, First Nation etc billions paid in taxes with jobs to nigerians
We replaced national fertiliser companies with indorama and now we no longer import fertiliser
we replaced eleme petrochemical and now we no longer import plastic resins
govt hotels are all dead, yet private hotels are all flourishing!!

even the oil is mainly produced by foreign companies. The NPDC/NNPC thats supposed to be our own is inefficient and incompetent and anly produce like 200k barrels of the circa 2mln barrels we produce a day and even at that its being done by service companies not fully by NPDC!!!
NLNG that is very efficient is because government owns only 49% so they are not majority. The JV's where govt owns more than 50% are suffering because government cannot pay its own share of cash calls!!

What the hell are we saying?? What has government ever done that worked??
They should sell all the damned things and collect only taxes.

Pls how much is a 2014 clean Benz e class going for from cotonou? Like attached pic.

This may sound hateful, but I have no sympathy for Stella. This is simply your own share of the near collapsed country you and your kind have left us with!

Fix roads, una no go gree!
Fix hospitals, no way!
Fix education, not on your agenda!

Oye, use your money to wake up the dead boy na!

Why are we so useless in this country? We just can't maintain anything in this country.

Nosaghae:
That road is that way because the community wants it that way.
Shell have an entrance and exit gate along that road. When they attempted to work the road the community insisted that Shell must first 'settle' them before for the road will be constructed.
How i go pay you to repair your road for you? Shell had to permanently shut that gate to start using the along PORTHARCOURT- ABA ROAD

I have been in pH for 10 years now and the first place I lived was Iwezor str, just very close to where these pictures were taken and this flood situation has been like this since then, so not surprised to hear it's even been like that for 25 years.

I have heard that story about community wanting settlement from Shell first before allowing them to repair the road. As they say, what we want to eat will often stop us from being sensible.

Also the problem there is also a fault of how pH people allocate land and also of the government for not doing proper town planning. I haven't seen a city with such narrow inner roads like pH. Two cars can hardly pass, not to talk of leaving space for drainage channels. Being a low lying area, that place should never have been developed in the first place.

No way the vegetation I see in the background in North East Nigeria!!

At that price can that train service make a profit? Really of should be left to the private sector to run.

Maybe FG should distribute small gas cookers to the poor for free.

At say N5k for 1m rural women and their households , that comes to just N5bln naira. Not too much!

All of this won't end though till dangotes refinery comes on stream and we do not require foreign currency to get petroleum products.

Hemanwel:
chai!see where we have found ourselves!

Hollup!Did I hear there's a ban on street hawking in Lagos?Yet the number of Agege bread hawkers who are predominantly from the SW are on the increase - unhindered.It's obvious the state govt had a particular tribe in mind when they came up with the ban.
But isn't it obvious that the more the North and SW gather to bring this tribe down,the more they thrive;the more they flourish;the more they prosper!Well,all I will say is: "who God has blessed,no man can curse!"

Don't be stupid!!!

Hmmm! Not bad at all! But their network is severely under utilized at the moment so it's not surprising. I'd like to see speed tests when they have like a million subscribers

This is evidence that a lot of our problems in Nigeria can be solved with just a dash of inventiveness, creativity, common sense, critical thinking and political will. Lagos continues to use intelligent thinking to move forward one step at a time, while rivers people are killing themselves daily.

As you see Mbps (or Mb/s) is the standard way of measuring and not MB/s.

This is more recent ranking as at late 2015. The earlier one was early 2015.

The point of the OP was that his MTN is faster than normal, regardless of the way it's measured. That speed is not bad at all especially for a 3.75G network. I have spectranet and I rarely get that speed. I guess MTN is optimizing their network ahead of 4G LTE roll out . See average LTE speeds across the work so you know it's not bad at all for a mobile network.

What I need is someone who works in treasury of any bank in Nigeria to tell us at what rate the market is likely to open at on Monday.

See Egbins nameplate capacity...

The government should stop crying unnecessary wolf.
Reduction in production is almost equally supplementation by higher price. ie prod target was 2.2mln barrels and we are now doing about 1.6mln = 38% drop.
Price target was $38, now $50 =32% increase. So ideally, the situation should not be as bad as they are making it sound.

On the other hand we really need to spend less time talking about federal and focus on state, especially the ND states.
FG budget is 6tr with a population of 180mln = per capita budget of N33k

Akwa ibom with budget of N400b and population of 5mln = per capita budget of N80k
Rivers state with budget of 307b and population of about 8.5mln = per capita budget of N36k.

So while we should rightly for us on federal we should pay a lot more attention to what Governors are doing with their money. Like I always say Nigeria will develop faster with 36 excellent Governors as opposed to 1 excellent president.

Likewise here in port Harcourt! Both much slower and much less reliable. For the last 3 to 4 years I can't remember last time I watched YouTube on etisalat and it buffered, but now itbuffers regularly. I could even use etisalat for stream on my TV via chrome cast device in HD quality but that's no longer the case.

However it isn't just etisalat. Airtel is the same when it comes to lower reliability. Even the LTE ones are in the same bucket cos even spectranet seems slower too. I suspect the new people using these much cheaper data is causing the bandwidth to get congested.

We got here because pretty much everything you and I consume is made abroad and imported. We wear tm Lewis and Thomas pink, we all strive to wear Louboutin, all the cars, doors to houses, watches, electronics etc are imported. Even when we have in innocent, we all prefer Benz, when we have local pampers we prefer foreign pampers, even though we have milo we prefer imported ovaltin, though we have nasco cornflakes and biscuits we prefer Kellogg and mcvities......... and on and on and on.

TPAND:
You yourself is just as literate as Senator Sani. You think from the Surface, Shiroro Dam, Kainji Dam, other Dams, and HEPs what happened to them. HEPs generate more MW than the gas powered plants.
There are so many kids here on nairaland that are products of failed and dysfunctional educational system.

That's not correct. Power capacity from our gas powered plants is far in excess of hydro capacity. Kanji is our biggest hydro and at best can do only 760Mw. However Egbin and Alaoji are both in excess of 1000mw and are both gas. I can count at least 6 other power plants that are in to 400 to 500 my range.

This is for new adopters. What about those of us who already have? No new packages? Any way I haven't loaded my smile since December. Smile currently has the worst data value proposition in the whole country for both Gsm and LTE. Spectranet gives 2 times the Gb of smile and cyberspace 3 times (not sure of swift since they ain't in ph) and it's not like they are significantly faster than spectranet. Also waiting for ntel. My "Smile" has turned into a frown!

The drop can never be due to only one reason. I would expect that all the reasons given on this thread are correct to varying degrees. It's a pity we don't have proper statistics in this country. It would have been useful to know exactly how much less cars there are on the streets, how much less people are showing up to buy petrol in jerry cans for generator and how many people are leaving cars at home or car pooling.

wayodude:
I am not usually pessimistic but I am willing to wager £50 with someone that this will not happen as stated.

Only £50 ke? I would go as high as £5000!

Wildrage:
Amaechi should just deliver without making stupid promises of deadlines. How can someone who could not deliver 3km of rail in 8yrs be shamelessly giving deadline of 2yrs for 100km rail

I totally agree with you! Doing either of them in 2 years would be a stretch even in China with their renowned efficiency. In Nigeria it is 100% impossible. Consider that we have not even secured the right of way, much less design, talk less of construction.

Lol @ ice cream!

But really the lack of critical thinking and aggressive action in this country baffles me.

Below is a link that details how an international airport in India has become self sufficient in electricity by developing solar panels over 40 acres of its unused land. The project delivers 12MW, cost $9.5m and took 6months!!

What I wonder is with chronic power shortages in Nigeria, why have we not gone the route of large scale wind and solar? I know it's not automatic, but an extrapolation of the example above means a 1000MW solar plant would cost circa $775mln. Surely we can use some of the recovered loot for that!


http://www.bbc.com/news/world-asia-india-34421419