₦airaland Forum

4tomandchi:
Nigerian top Stars tend to disappear once their careers come to an end. Is because they are not well read or what?

When I look at the circle of English players after they hang their boat it is either coaching, punditry or management. Look at Lampard, Check, Gerard, Gigs, Roney... the list is endless.

Why black players no the make am?

Where is Eto, Drogba, Yaya, Kanu, Jay Jay Diof, Fish... the list is endless

Kai this life no balance even at the top!!!

You are right. Its mostly due to poor education. But Jay Jay is doing well with Super sport though.

mexite:
You are right but why is it that DSTV doesn't want to provide pay-per-view service as it is done in other climes?

Which other climes?? Nigerians can assume based on gist sha? Na why dem dey mumu us globally.

internet makes it easy, yet we will still never search and verify anything by ourselves.

Give us link to the multichoice website of that country where its PAYG

Daddymiracle:
Good development, them just they chop our money since,

You go pay for subscription one month, possibility say na one week you go watch cos there is no light to enjoy your money and all they could do is go away with the rest.

Pay as you go is good like prepaid meter.

Is it DTSV problem there is no light? Nigerians love chasing shadows and scapegoats instead of facing who is causing their issue.

Same way indigenes in Niger Delta blame IOC's for lack of road, water, education, electricity. And yet, we are supposed to have LG, SG, FG and NDDC. But nobody faces them.

Sanchez01:
What are you talking about? MultiChoice offer the same Pay as you go in some African countries. Why can't they do the same in Nigeria?

Bros provide the link to the DSTV or Multichoise website of that country na!? I have been to DSTV website in up to 7 african countries and I have not seen it!!!

Tekzyflex:
Some people are anti progressive... Black man mentality.

It is not black man mentality anything. It is simple economics. Nigerians love to bury head in sand sha. 1 year ago $/NGN was 360, but now its 460 (interbank), yet you expect a company that pays USD to Disney, Paramount etc for content to charge the same thing?? In 2020, diesel was as low as N155, now its N290, but you think costs can reduce

Yet you will be there expecting your company to increase salary because cost of living is going up! It is that lack of rationality and economic sense mentality that is more of the problem.

ogbiwa:
Bros I see many people bashing you here and I don't blame them. You gave them no option with this your comment. How can you say government can't regulate a company because it's private? Do you know how many government licences and approvals DStv had to obtain to operate in Nigeria? So what will you say about mtn, glo and co that are also privately owned but being heavily regulated by NCC?
Secondly, your comment also shows gross insensitivity. The national assembly has for once passed a bill that will help alleviate sufferings of the masses and you're here criticising it with ill informed analysis?

First of all the real masses do not watch DSTV. Anyone who pays even N5000 bouquet of DSTV a month cannot be called masses.

If NASS cannot regulate price of foodstuffs in the market that are killing Nigerians and putting them into poverty, or regulate the insecurity in the land, then why regulate DSTV of all things.

BuyAndSellStuff:
Will they comply?

DSTV, MTN, Dangote & co holds FG by the balls so nothing dey happen jare.

Why would the comply with a senseless directive? How can NASS 'approve' tarrif reduction for a private company? Does that make any sense? Does NASS 'approve' how much money you give to your wife? or how many times you eat a day? or the price of garri and yam in the market?

Monogamy:
This Osinbajo photographer bad gan oo

Very colorful

He probably uses a few filters and does good post production editing on his pictures.

Esseite:
Fix up the refineries and kick start Dangote refinery before pulling out the subsidy.. that is suppose to be the cushion on subsidy..

I don't know why we think local production results in significantly lower petrol prices. Is crude oil not the same price globally? At best N280 per litre imported becomes N245 produced locally because of cheaper wages and no import logistics.

adeomos:
Another surge of criminality loading, as they will need to buy another bike and the cycle continue

So for criminality sake, we should not try to resolve any issue we have? Since surge in criminality is always the excuse for allowing anarchy everywhere.

lexy2014:
It's not a matter of building d tower. It's a matter of priority. For a govt that keeps complaining about paucity of funds and it's need for continuous borrowing, should this purchase be a priority?

That's a better argument. And your post suggested your issue was with cost.

HellAnus:
Thieves. almost 18Billion to buy a house. Buhari and his goons are the BIGGEST thieves in the history of this country. Tufia!!

In reality how much do you think it would cost to build that tower?

Seems we have forgotten that naira is valueless. N18bln even at 360 is $50mln.

Mykellio:
How is Naira depreciation not an issue?

You transferred USD1m (NGN360,000,000) in 2020 at NGN360 to USD1.00 from your Bank in New York to your UBA account in Nigeria for business.

Fast forward to 2021 the principal amount NGN360,000,000 now is USD720,000 (@NGN500 = USD1.00) that's 28% loss on the PPP value of the Naira.

To repatriate the USD1m you must have done business worth NGN500,000,000 which is NGN140,000,000 (38% ROI) over and above the initial principal amount.

Tell me how is that attractive as an investor whether local or foreign?

How is the professor talking rubbish and you are the one making sense?

You dey mind am!!??

thebosstrevor1:
The professor is talking nonsense, saying things like inefficient power supply, naira depreciation and increased cost of production that is why no body is investing , the same nonsense he has been telling his students since 1989.

the Director-General of the Abuja Chamber of Commerce and Industry, Dr Chijioke Ekechukwu, made some very good point than the professor.

The main issue why nvestors are not investing is mainly security and not naira depreciation, naira depreciation makes foreign investors buy assets for very cheap. Cosy of labour is very cheap in Nigeria, compared to other places and big companies do economics of scale to recoup all their investments.

Depreciation is a factor. It means NGN profits in the years to come will be worth much less in dollar terms when they have to report earnings in their home country.

N50bln profit today @500 is $100mln. In 5years N80mln profit @1000 is $80mln. So in $ reporting terms, are they making progress or going backwards.

All the runs girls in our universities and all the babes that fill our clubs every weekend, won't they all marry at some point?

Unfortunately, many of them will still continue the habit of sleeping with men for more money, so how do we expect that this will not continue to happen.

Nauttyprof:
So, China also thought like Nigeria while turning things around in 50 years, right?

Slavery mentality has kept us from progressing till date.

When our leaders and we the followers are ready to do the needful, we will progress. You that you are talking, I can't guarantee if I put you in charge of N2bln, N1bln of if it will not disappear.

Basic123:
Your head dey there!
This country will never develop untill Nigerians solve there problems by themselves!.....CCECC engineers are human being,we are human beings too.Nigerian students have beaten them in international competitions on several occasions. If we can beat them in football and music we can beat them in technology too.We should stop feeling inferior unnecessarily. It always pain me that we Nigerians can't just decide to create a better country for ourselves!


As sophisticated Oshodi bus stop interchange is,it was constructed by a local contractor.

It's not a matter of FEELING inferior. We are actually inferior because we do not have the proper structures, resources, processes, governance etc to become superior! There is no magic to national excellence. It takes hard work, dedication, planning, investing properly and many more - none of which we do well in Nigeria as is evidenced by our educational system, health care, infrastructure etc. We have

I am a proud Nigerian, and but I will not allow that to cloud my judgement of what is quality. The Oshodi interchange you reference is okay, but is far from world class construction. If you look at the quality of the metal works that forms the walkway between the terminals and compare with metal works at airports abroad, you will know.

I'm sure you saw the video of the gutter project on Edo state handled by Nigerians! Those are the type of contractors you want to give the job to abi?

Common bricklayer, plastering, Pop ceiling works in lagos now is been done mainly by Togo, Benin people if you want it done well, because Nigerian artisans do shoddy work and charge more. But you say we are not inferior! Until our mindset towards quality changes even at the lowest level, we ain't going anywhere as a nation.

Nauttyprof:
This guy never learns to just shut up. Rather his self conceited nonsense keeps pushing him to spew rubbish. So, if the local contractors are not good enough, it is the Chinese company that is okay with many of the Chinese just being products of vocational training schools and yet, act as superior (or boss) to the locals which degree. Just a sick country.

Amaechi is just one sick fellow.

The product of Chinese vocational training school is better than most Nigerian graduates. Give credit to who credit is due. Go to China and see how the country has been turned around in 50 years.

milann:
https://www.vanguardngr.com/2021/07/demonstrate-capacity-to-earn-rail-contracts-amaechi-tells-local-contractors/

This is why things don't work in Nigeria! So it's Mr president that has to approve purchase of spares for the railway company and not the MD of NRC! This approval might take 10 months to be secured, yet if it were a private company this approval could be secured in 2 days.

Left to me, the NRC should be incorporated as a limited liability company and should be made to survive and pay salaries from its revenue. The article says there has been no salary increase in 10 to 15 years. The question is what work have these staff been doing in that period since Nigeria had zero trains!?

Kelvin30286063:
Is Dstv affordable? Premium subscription is 19k per month. Is that affordable?

If its not affordable, it's the low wages in the country that is at fault, not the dstv tariff. N20k is $40, which is very competitive globally for what you get in the premium bouquet.

IMAliyu:
Recently our neighbor's house and our's went about 3 weeks with no electricity, because of some damage to the power line.
Through the process of repairs, the Disco found out that the neighbors had bypassed their meter.
The thing is, this people are not poor, it's a big fancy house and they can more than afford to pay for their bills,

That's a typical Nigerian for you!! I

Thekokoroomno1:
Bobrisky wastes no time in thanking her doctor for her new banging body after surgery.

https://www.instagram.com/p/CRD5oflDFgctJaqPvNpnUmnwFyjQ2NrJKjsFq40/?utm_medium=copy_link

Looks photoshopped to me!

Beancounter93:
In fairness to DSTV, even with the 'increases' we still pay less than they do in South Africa...indeed than in many African countries.

DSTV compact in SA costs 11,710 naira. In Nigeria, it is N7900 per month for example.

People no dey gree understand o. They will come for you very soon, when all it requires is a google search. Argument will be that is minimum wage same as those places, but is that DSTV fault? Does the inability of the government to pay its workers a fair wage reduce the cost to DSTV of providing the service?

There are two sides to every story. No one has heard the DSTV side of the story, yet we are castigating the company. How many of us castigating willingly pay tax sef, if not deducted at source as part of PAYEE.

I know full well that often times, people in government who have no clue of the terms of agreements signed etc, cry blue murder only to investigate deeper and find things are not as they seem. This has happened soooo many time in the oil sector with sensational claims of IOC's owe $30bln and this and that and they usually end up being false, because our unlearned senators and govt officials dont even understand the agreements that were signed.

omohayek:
In other words, the real problem here is the unwillingness of the Nigerian government to allow power companies to charge realistic tariffs that will justify their investments. Only in a basketcase like Nigeria does the fact that price controls cause shortages come across as rocket-science.

As far as I'm aware the current N57 per kwh is not a bad tarrif. At N500/$, that's about $0.114 (11.4 cents) per kwh, which is about what I pay in Houston, though admittedly it can be as high as 28cents in other states. The other main challenge is getting users to pay. And not just individuals, but also government parastatals and agencies, that would like to use and not pay like Police and Army.

https://www.electricchoice.com/electricity-prices-by-state/

Nigerians like to make noise about 24hr power, but the truth is that 80+% can't pay the bills associated with 24hr power, cos it would mean you fridge and freezer are on always, except one now has to start doing on and off schedule for fridge and freezer to manage cost, but then what would be the point of having it.

Linzo:
Please friends and good people of nairaland help me out to make a right choice am in a cross road with my career, i have HND in banking and finance with upper credit, am i applied for direct entry in a federal university and am giving the option to choose between B.sc ECONOMICS and ACCOUNTANCY, please your matured advice is needed on the one to go for. Do give reasons for your choice

Economics...then do ICAN after. Best of both worlds

And what was the cost of the solar project!!! If they announce it, i wont be surprised it will be 10times the global average per Mw

presidency:
Your Excellency Mr. President, distinguished ladies and gentlemen, on behalf of my colleague, the Honourable Minister of State for Works and Housing, Engineer Abubakar D. Aliyu, the serving and previous Permanent Secretaries, serving and previous directors and members of staff of the Ministry of Works and Housing, I am delighted to welcome you to this commissioning ceremony.

This project was approved by the Federal Executive Council on the 20th March 2019 at the time when the Ministry of Power was part of Works and Housing. I express our Ministry's appreciation to members of the Federal Executive Council who voted to entrust our Ministry with this project.
What we have delivered, based on the mandate of the Federal Executive Council, is a 1.52 MegaWatts Solar System that will provide uninterrupted power supply to 5 blocks housing the Ministry of Works and Housing and Ministry of Environment and Lands.

This project employed 382 artisans and 176 skilled workers throughout its duration, in fulfilment of the Economic Recovery and Growth Plan (ERGP) of creating jobs.

It would see to the reduction of average diesel consumption from 764,248 litres per annum to 166,825 litres per annum and cost saving of NGN270,945,000 over 20 years and contribute towards the reduction of government operational expenses and reduction of recurrent expenditure.

It has led to the upgrade and retrofitting of our electrical appliances by replacing 400 old Air-conditioning units with 400 new inverter-based energy efficient Air-conditioning units and replacing 2600 old light fittings with energy efficient LED ones all of which are energy saving because they consume 40% less energy.

In terms of local content...
Our contract engages 5 (Five) STEM candidates to work throughout the solar PV lifecycle of this project in the following roles:
a. Two (2) candidates got trained in engineering design;
b. Two (2) candidates got trained in project construction;
c. One candidate got trained in engineering project management.

With this investment we have built our own Mini-Grid, in consonance with our Administration’s policy to promote off grid option, thereby making more of the on-grid power available to ordinary Nigerians who cannot afford the cost of investing in off-grid power.
To our contractor, I express deep appreciation for the efficient execution and more importantly for the sacrifice to complete this project in spite of the wide disparity between the foreign exchange rates in 2019 when the project was awarded and now, notwithstanding high importation costs of the parts.

Permit me sir, to also acknowledge two young people who were part of this project at different stages from inception to completion.

Mrs. Damilola Ogunbiyi and Engr. Femi Akinyelure, whom your Excellency appointed to the Rural Electrification Agency both of whom, with their colleagues, were involved in the energy audit and design of this project.

They represent the positive impact of youth involvement in public service; and of course, I cannot forget Engr. Julius Olurinola, our Director of Engineering Services, whose role I liken to that of a midwife, supervising, monitoring and reporting the progress of this project from incubation to delivery.

All I need now say is that other government buildings can follow this path and our team will be most enthusiastic to provide the support, and share our experiences and lessons learned, working with the Ministry of Power.

Your Excellency Mr. President, I have the pleasure to now invite you sir, to perform the official commissioning of the 1.52 MegaWatts Solar Power project to provide uninterrupted power to your staff in the Ministry of Works and Housing and Environment to improve their working conditions.

Babatunde Raji Fashola, SAN
Honourable Minister of Works and Housing

The maths of that diesel saving doesnt add up!! if you are saving circa 500,000litres of diesel annually that should be a N140mln saving per year!!! Not sure how the N240mln over 20 years is coming from!!

matrixme:
With the rate at which Mabushi has constant light, how are you guys still able to rack up that much diesel cost? Also, having built a solar mini grid, how are you able to rack up another diesel cost again or I am not understanding. Isn't the idea of solar mini grid not supposed to cancel out the idea of using diesel entirely?

Remember dude, sun doesn't shine at night!! Though they could have solved that problem with grid scale batteries, but then the cost will also be perhaps double.

Bluffly:
Should social handouts be stopped because some people are exploiting it just as it happened in the USA, just as some Nigerians still exploit it in the UK and other European countries despite having jobs. Shoukd loan be stopped because there've been bad loans

Other countries are not bankrupting themselves to do subsidy the way we are!? And few countries are as Corrupt as we are! Our subsidy is N1trln yet FG revenue is N5trln! Does that make sense? Texas state budget is more than FG, the 36 states and all local govt combined and you want to compare social security in US with subsidy in Nigeria!?

sammyj:
Source: https://www.vanguardngr.com/2021/03/bandits-mining-our-gold-in-south-west-says-aare-ona-kakanfo/

Worth cell phones everywhere no one has yet taken any video of said helicopters dropping food and weapons!?

Bluffly:
The problem is not subsidy, you don't punish the people for the few corrupt. They should put up their thinking cap and block corrupt elements.

Subsidy is the problem. It doesn't allow resources to be efficiently utilised.