₦airaland Forum

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

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

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?

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

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?

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.

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

Slavery mentality has kept us from progressing till date.

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.

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.

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

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

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,

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

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.

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.

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

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

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?

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

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

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.

Kubernetes:
May be they did that because you have enough money in hundreds of billions going to the host communities from

1. Ministry of Niger Delta Affairs
2. Niger Delta dev com.
3. Monthly 13% derivation
4.. Etc and etc

The last time I read was when over #88billion was stolen in NNDC

OmoManU:
But definitely the cost and logistics of taking it abroad to refine and bringing it back to the country for final consumption would have been eliminated thereby reducing lots of added costs that made it expensive in the first place, also....If crude is being sold at $70, there are still over 20 other products that are being generated from crude not only petrol, so all that properly factored in will def not make the product too expensive

OmoManU:
Do you want them to sell fuel at 260-300 and people call for their head again, subsidy can not be removed if the refineries are not working

chatinent:
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Ten things you need to have as a freelance writer in Nigeria




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Lalasticlala, dominque, seun

DDDEnterprises:
Are you kidding me?

A305:
I understand this is capitalism but Dangote is GREEDY.

He is yet to understand that; A capitalist in the capitalist economy can NEVER be too RICH than the government of that economy.

Wealth is another term for power and the amount of wealth in your possession determines the amount of power you have, but you can NEVER be POWERFUL than the government in the state. The government of the state is so powerful that; it can take her citizen life at will and no one can do anything about it otherwise, you will persecuted for treason against the government and locked away or even killed. Let's get back to capitalism:

You cannot be too rich or powerful than the government. A case scenario was John D. Rockefeller.

Rockefeller was richer than the U.S government (not the today's Bill Gates and Zuckerburg money but long and strong oil money). The U.S. government realising how powerful Rockefeller was becoming due to his money now had to force him to break up and split his company (standard oil) to different companies (Shell, Total, Chevron etc), and these companies will be owned by share holders.

This is the same thing the Nigeria government (NNPC) is trying to broker with Dangote but GREED is not making him think clear or he is clearly ignorant of history. Or probably want to be powerful than the Nigeria government.

Biafrannuke:
For them it's always about oil

The same poverty ridden clowns that cried about burnt onions for one month!

radautoworks:
ipnx. Didn't we have this discussion two years ago or it was someone else?