COMPAQ's Posts
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softy:Its back in Lekki since last night. |
GO0DHardDick:If you read the news, especially international news, not social media, you'd know that South Africa is suffering from terrible outages which has steadily worsened in last 5 years. Based on my friend in Jbourgs load shedding schedule, the light i get in Lekki is currently is better than what he's getting.
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OBIDIENTNAIJA:Its not that simplistic! Nigerian's often take the simplistic approach that doing one single thing will solve specific economic problems. Solutions to any economies issues requires a a complex interplay of various factors working in tandem. Even if we were to magically have 24hrs electricity in Nigeria, what about access to capital, efficient ports for import and export of goods and materials, a well educated and skilled workforce, good transportation networks across Nigeria, sanctity of contract, efficient judicial system , security and many more |
EleventhWeirdo:It's not ethnic coloration. Facts are just facts. Every ethnic group in Nigeria have certain facts about them. |
festacman:You are the one who's pretty dumb. Why should Donld Duke be the one to tell them how to use Tinapa. Isn't it obvious that the typical brainless and lazy politicians who don't want to work hard for their IGR, but would rather go and share money in Abuja!! Donald Duke did wonders for Cross Rivers and future dumb leaders refused to follow suit! What is DD to do? Calabar was a place slowly but surely All Nigerians were looking forward to going to for the December carnival. My first road trip as a married man in Easter 2009 from PH was to Calabar. We enjoyed it thoroughly. Going to Tinapa hotel, boat ride on the lake, lunch at Marina resort and the in the evening we went for my first ever live performance by Asa at the Studio Tinapa. The shops at the mall too were coming alive. Likewise obudu was brimming with life. Everybody wanted to go there. Now all of that is dead because of visionless governors and you blame Donald Duke!! You will forever lack vision then!! |
PrinceOfLagos:I actually agree with Lagos Assembly on the use of Yoruba. By the time market women start using it to come to island every day, it will be helpful for the old men and women to understand the instructions. |
tophempire:By going digital and computerized, one person can do what 3 people were doing before. If you go to our Ministries, you'll see how archaic they are. |
plaindealer:Well, no one can make an omelette without breaking an egg!! We all know that Nigeria's civil service is over bloated. As you saw from the recent scandal on employment, we have been running employment scams for years. |
For me its not just about wooing them back. How about paying Nigerians a livable wage that can enable them to buy one. What's the point of Volks coming back to Nigeria if no one can afford to buy their vehicles? I saw a Toyota Nigeria price list recently and Camry 2.4l was about N47mln!!! |
Acekidc4:So he should never rest because he's governor abi? He should never go on leave abi? |
The incompetence and corruption in Nigeria knows no bounds!!! |
politicoNG:How come it seems to only be LP that tribunals are upturning?? This is like the 6th in the last week or so! |
Newyorkitis:Abi o. Struggling to understand what it really means for the public.!! |
Maybe he is known male runs guy in the female Nollywood circles. I hear these days single women (and even married women) pay for men to come bang them when they are horney. |
Karemarealty288:I guess you would call this self preservation!! When bandits are in your vicinity and police/millitary are miles and miles away, the most basic thing you can do is appear to pally with the bandits. Give them what they need for self preservation. |
dre11:For the swamps of the Niger Delta, what you need are helicopters and not jet aircraft. helicopters can carry soldiers that you can easily hover over an illegal bunkering site and lower the troops down, while raining fire from above in case any illegal bunkerer tries to get trigger happy. We are not really serious about stopping this thing. if I was in charge, I would set an SLA (service level agreement) that once a bunkering site is discovered, military must be on top of them in 2 days max!! As for discovering them. it can be easily done with a combination of satellite technology and surveillance drones operating 24 hours over the Niger delta. Shey we saw a video recently of the NNPC control room, where live satellite imaging was showing the guys at various sites at work? If after 6 months, these guys realize that every time they try and re-establish in a new location, military are on top of them in a matter of days, the business will be deemed too risky and many of them will go do something else. The incidence of this illegal crude bunkering will drop dramatically. |
[quote author=robosky02 post=125709896][/quote]Simple mathematics is lacking here. Osimhen's goal per game ratio is 0.76!! |
HonNL:Natural, considering we are 200mlns plus people. |
Seun360:Red line is coming soon |
AllenSpencer:In MMA and UFC it's very difficult to maintain a world title for many years the way they do in other sports. Just one lucky lunch or kick and it's all over. |
fergie001:The girls looks like a rebel. She will soon get pregnant and end up on drugs at the rate she'd going. That USA ehn, if a child's head is not screwed on properly, tendency to derail is very high. Small time now, she will come out as gay!! |
robosky02:It will be absolutely CRAZY if Oshimhen doesn't win AFOTY!! |
Sleekfingers:I did check online and even the website of LAMATA itself is not able to provide much info https://www.lamata-ng.com/our-train/ The link above tells you to get Cowry card. Doesn't say where? How much the card costs? How to top up...nada!! The site gives schedule for only the day of inauguration what about the other days!? or are we to assume that the first train of the day is 9am!!!? Which time I go reach office? So Mr Sleekfingers who erroneously assumed I didn't and rushed to type, I DEMAND AN APOLOGY!! |
Raydos:Its a function of poverty of the people, illiteracy of the people, incompetence (from our town planners and government). It may be acceptable that some of the poor, old parts of a town remain this way. After all the core of Ibadan, which is characterized by those brown tin roofs, were in existence hundreds of years ago. So the only way to modernize such areas is to bring them down in large chunks and redevelop. However, where I weep more for Nigeria is the new areas of cities are not much better. For example, the Lekki peninsular was pretty much virgin land in the 80's and 90's. Lekki really took off in the late 90's. We had an opportunity to really plan that axis well, but as usual, we no dey get sense. https://www.nairaland.com/7550276/estate-layouts-nigeria |
As the euphoria of winning the election to the office of the President of the Federal Republic of Nigeria slowly fades, the government of President Bola Ahmed Tinubu must now grapple with arguably the biggest sector requiring attention beyond security – the economy! It is now obvious to Nigerians, that the government of ex-president Buhari led Nigeria down the proverbial financial rabbit hole. His old school socialist style of governance proved hopelessly out of tune for the financial realities of modern-day Nigeria. A lack of vision & political will, refusal to listen to sound economic counsel, reckless spending on dodgy intervention programs, an arbitrage driven foreign exchange management system and so much more have contributed to severely damaging the economic foundation of Nigeria. Inflation has spiraled out of control and the currency has been forced to devalue, sparking another round of inflation, considering the bulk of what we consume is imported. The fallout of this is that Nigerians have all become poorer. And the rich are not left out! Even Africa’s richest man, Aliko Dangote, has seen his net worth in dollars tumble. The question though, is how do we proceed from here? No doubt, there are many strategies being considered to get Nigeria moving again. And Nigeria’s solution will not be just one of them, but likely a combination of many of them. However, one train of thought which I have not heard discussed much is the rejuvenating of the middle class! The key metric for measuring economic power and size is the Gross Domestic Product (GDP) – emphasis on the word ‘product’. Basically, it is the total of what a country produces. Production could be for domestic consumption and/or for export. Herein lies the problem. Nigeria’s population is so poverty stricken that producers in this country struggle to sell their products because the people have extremely limited capacity to purchase. Our much-hyped 200+mln population is therefore not adding anywhere as much to the GDP of the country as it should. The Nigerian middle class has been so decimated that we now only have the very rich and a horde of low class, with just a sprinkling of middle class. Unfortunately, the very rich cannot carry this economy. How much produce will they buy and consume? A billionaire in dollars will only buy so many cars and houses. He can eat only so much food and wear so many clothes. It would be far better for the Nigerian economy to have one million millionaires, than to have ten thousand billionaires. If one million people were to buy 2 cars, that would be 2million cars sold. If ten thousand people buy 10 cars, that’s only one hundred thousand cars sold. Ditto for products such as refrigerators, washing machines television sets, phones, computers etc. If the people to buy these products are available in sufficient number, then it makes sense for the factories that produce them to be based locally. If the factories establish in Nigeria, they bring FDI and jobs with them – both direct and indirect. The FDI improves forex supply and helps to stabilize the currency, while the spending of the wages earned by the employed grows the economy! The reality is that manufacturing only makes sense when it is done at sufficient scale. To compete with China, India and other global manufacturing hubs, factories in Nigeria will have to operate at an equivalent scale. And what better market to manufacture for than a country of 200+ million people, having a middle class with good purchasing power running into the millions. There is no point in Samsung setting up a factory locally, if only 5,000 Nigerians can afford to buy a new smartphone every year. They might as well import from Korea. However, if the demand was 5 million units a year, then the narrative would be different. Even if they had no intention of setting up a plant in Nigeria, the government would have a strong basis for encouraging them to do so, as the market would be simply too big to ignore. Have we seen this phenomenon of a rejuvenated middle class carrying the economy forward play out in Nigeria before? The answer is yes! In the mid/late 90’s and early 2000’s, the government liberalized banking, hotels and telecoms. Dozens of new banks, MTN and Econet (now Airtel) spurred massive investment in the country. Banks were building new branches like a wildfire burning out of control! And with that came direct jobs for tens of thousands of bankers as well as indirect jobs for hundreds of thousands of people. In the telecoms space, the story was similar. MTN, Econet and eventually Globacom drove massive amounts of FDI into the country and created numerous well-paying direct middle class jobs and many more indirect ones. Think the companies suppling generating sets for thousands of base stations! The companies supplying diesel to those base stations! The companies contracted to build the base stations! The companies supplying the paper recharge vouchers! And many more! Even at the ultra-micro level, we had the phone center operators, those selling recharge cards on the streets, sellers of handsets etc. It is no coincidence that this era brought along with it the highest levels of GDP growth that Nigeria had seen in a generation. Unfortunately, this once thriving middle class, and its attendant purchasing power, has been whittled down by banking consolidation, casualization of workers, inflation and devaluation, which has made incomes worth a lot less than they used to be. So how do we begin to get back to those hey days? In my view, the quickest way to address this in the short term is simply to pay civil servants and other government workers such as doctors, teachers and nurses a respectable wage that qualifies as a middle-income salary. Having said that, the reality is that our civil service is over bloated. However, using my earlier analogy, it makes more economic sense for the federal civil service to have half as many people who are paid twice as much! The current arrangement where we employ millions of people but pay them peanuts is not helping the national economy. None of them can buy anything tangible! Asides the fact that these people have insufficient money to spend, because their wages are so low, their level of productivity is abysmal. They simple have no stake in the work that they do, as they must focus their time and energy on other ways to make money. The second, and more long term and structured way, is to allow the private sector to run this economy and significantly reduce the hand of the government. If we were to privatize/concession our international airports, Nigerian Railway Corporation, concession key inter-state highways to private companies to toll and manage, create another LNG company, enable private sector development of solar farms etc, we will be creating new companies that will drive FDI into the country and employ staff to run them with better wages that what currently obtains. To achieve the national economic growth that President Tinubu appears to seek, we urgently need to re-energize the middle class. Nigeria’s socialist attempts to grow the economy from the center with public sector intervention spending that is not backed by any form of production or gains in productivity has had damaging effects on our economy. Its time we focus on a people led approach backed by the private sector, so that more Nigerians have more money to spend. By so doing, we create a large enough middle class that attracts the local and foreign investment in the production of goods and services that Nigerians require, and the economy grows as a result. |
Nwodosis:No mind them! Do the needful Mr President and you wont need all these sound bites every time |
TheRareGem1:We shall see!! people have blown hot more than this before! A la Raji Fashola on power! |
Lanrelagboi:They should either concession or privatize it pronto!! If it remains in government hands, it will fall apart in 5years. besides it has lost its market share to Eko Hotel convention center. The wealthy folks who can afford to use it are all in VI, Lekki, Oniru, Banana etc. They are surely not going to come to Iganmu for any ocassion. |
Still lacking info on this train service. LASG hasn't told us what times the train move from Mile 2. Is it every 10mins? Or every 15mins during rush hour, then every hour afterwards? Where does one buy the cowry card asides the station? Can I top up online? is there a daily maximum? or Weekly? Do I get a discount for large amounts loaded on the card? |
Kukutente23:For you who thinks he knows more than the other fellow, you are also not so knowledgeable as you think. Indeed a portion of what is produced by every Joint Venture (JV) or Production Sharing Contract (PSC) belongs to the government. However, why should the government also turn around to sell its crude for $40, when the going rate is $80!? Government needs all the money it can get now from a dying resource. Soon when the renewables, electric cars etc take over, oil will likely loose its shine. it would be the worst possible economic decision for Nigeria to sell its crude below global prices. Where then would the forex we so desperately need come from? Are you ready to pay more tax to bridge the gap? The allocation to refineries is on the assumption that refineries are working. All these decades that we haven't had working refineries, the crude has been sold in the open market. Do you think the crude is sitting down somewhere? Yes, not all major oil producers are in OPEC, but the global price of oil remains the same with minor variations, especially now that it's in demand. The variations will be wider when there is little demand. At that point a heavy crude that's not desirable may be $65, while the light crude will be $80. In high demand times, there will be almost zero difference. |
motymop:Don't mind them. Even Nigerians refuse to research on their own before rushing to make comments. https://www.gov.uk/guidance/electronic-travel-authorisation-eta#who-will-need-an-eta Nigerian's please read and be guided!! Sheesh!! |
Nbote:There is a 40MW capacity dam called Kashimbilla dam in Taraba State. That one is either almost ready or fully completed. https://search.yahoo.com/search?fr=mcafee&type=E210US739G0&p=kashimbilla+dam+in+taraba+state Then their is the Mambilla dam also in Taraba state. That one is proposed to be 3040MW. That's is the one being mentioned in this article. https://search.yahoo.com/search?fr=mcafee&type=E210US739G0&p=proposed+mambilla+dam+nigeria |
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