₦airaland Forum

The same sycophantic Nweze on nairaland?

Go and pay their parents so they can afford to buy whatever gifts they want for their kids.

Rejoice for getting what they are entitled to and owed in arrears? The government should be apologizing and not the workers rejoicing. Keep promoting mediocrity.

You're going to create a divergence between the normal interest rate and the agricultural credit rate. People will just get Agricultural credit at single digit interest rate and divert it to other ventures thereby defeating the original purpose. Why not work for a single digit interest rate across sectors. And this too much emphasis on agriculture at the expense of manufacturing and industries is self defeating. Agriculture already accounts for a huge chunk of GDP but just only a minuscule % of export revenue. Until Agriculture becomes export oriented and there are backward and forward linkages between agriculture and other critical sectors particularly industry, we're chasing shadows.

NDelta4fulani:
Who gets to determine what then makes up the range of the spectrum. What amt is too high or moderate or low. Relative to what ? Any particular precedent seizures to use as benchmarks ? Lol. The whistle blower clearly isn't some pushover. Surprised u don't see the mess in all of this. The damned thing is ill-defined.

It is defined. The newspapers are just not doing proper research. The percentage depends on the amount recovered as clearly defined in the Whistler blower act. The law is not the problem, it is those implementing it that are stupid.

eagleeye2:
The policy that brought about whistle blowing states 5% of the recovered loot, so how is he greedy. EFCC are the greedy ones.

As a matter of fact, the policy did not state 5%. The policy states 2.5-5% depending on the amount. The higher the amount, the lesser the percentage that applies.

chymer:
But Dangote does not engage in competitive businesses, he thrieves in monopoly.

If he wins the bid, in three years other telcos, would have been frustrated out of business.

That will be when the difference would be clear.

It's a well-regulated industry. Not one where monopoly can thrive.

The culture of violence in South Africa is too high and has to be tamed.

Truly, nobody is really in charge

What are we running as a country? An animal farm? or a human space? This is totally condemnable. This is worse than an animal farm.

Pesuzok:
I wonder why someone will buy 10year bond at 6.5% while 1 year T.B is at 18%. Economist in the house please explain. Is it not the same risk?

Remember, this bond is denominated in euro but the treasury bill is in naira, two totally different currencies. Return (interest rates) on bonds is usually very low in developed markets sometimes hovering around 3%. Nigeria's is up to 6.5% because there's more risk with investing with Nigeria (sovereign ratings).

Again, the challenge with borrowing abroad is with exchange rate risk especially given the volatility of the naira. If we earn bulk of our revenues in naira, and have to pay off these euro bonds in the future in euro of course, a depreciation of the naira means we would need more of our naira revenue than currently envisaged to exchange for the euro and offset this debt. Else, we would have to dip our hands into any foreign currency savings like the excess crude account to offset the debt.

Borrowing is not bad. That's one of the ways to finance infrastructure and growth. The only condition is that you must invest it wisely so that the debt is able to generate enough future economic benefits especially in terms of growth to finance itself. My worry is that this government has almost doubled our debt levels without anything tangible in terms of infrastructure and other capital investments to show for it. Already, there's a debt overhang problem where we are spending much more on debt servicing than on capital expenditure.

If they continue like this, they will be mortgaging the future of both the present and future generation.

SOLUDO solution 2021

If you can afford it, don't get an education in Nigeria. It's a decrepit system.

Lol. Buhari. You're trying to improve ease of doing business to attract new investments but at the same time driving existing businesses aground. That free trade zone is about the only working industrial zone in Nigeria now. Yet, you are bent on destroying it. Something you can never create.

The worship of mammon

So, no local experts and consultants to do that job? It's a job I can do myself.

Oga, you ran a corruption show for real. What nonsense personality are we talking about here?

Turks:
Nigerians forever Celebrating mediocrity. Make she go withdraw the 4mill followers for ATM.

That's not mediocrity Bro. Those followers represent her brand power. She can negotiate business and endorsement deals on the basis of the strength of her brand influence. Celebrities are even ranked these days on the basis of their brand influence. So, it's very much bankable. Ronaldo earns £310,000 per instagram post and is even behind Selena Gomez and Kim Kardashian. See http://www.dailymail.co.uk/sport/football/article-4668252/Cristiano-Ronaldo-earns-310-000-Instagram-post.html

What's going on in this country?

Security people attacking one another because of politicians? Only happens in an animal farm, a zoo.

Eminently qualified.

Abagworo:
Ellen Johnson Sirleaf is one of the greatest women in modern African history and the only female President ever to emerge out of Africa.

Joyce Banda was a former president of Malawi too.

Thoroughly wasteful. A premises that could have been used for a more productive activity.

The ranking reflects reality. Policing in Nigeria can only be compared to that of failed and failing states not countries that know what they're doing.

FortifiedCity:
Edo State has been consistent in being blessed with governors that have scary faces

Does it matter? Does it affect the quality of governance?

teebankz10:
The babe fine anyhow sha
BTW,,,,,,,I was expecting it to be Babcock or Convenant...

I think her choice was strategic. Stay close to home and where she does most of her films - Asaba.

Nneka297:
I don't think they were granted the scholarship to study non science courses because I know people who didn't get the scholarship because their course weren't science related. These students get the scholarship for science courses and when they get there they change their courses to easier ones claiming the sciences is too difficult. I really don't blame Wike.

Well, we need to see the list of courses to be offered if there was any. Science and Arts is a way of diverting from the fact that they have failed to pay. There is a student who has completed Neuroscience but can't get his certificate for two years now because the state government failed in their responsibilities.

People are still paying N13000 at Uniben. Probably the cheapest.

Police are paying hired protesters too? Lawlessness of the highest order.

Buhari's government is on autopilot. No one is in charge of anything. Even the Ministry of Foreign Affairs did not react. A country where the lives of citizens do not have value. What a colossal failure! I'm beginning to believe that what we're running is indeed a zoo Republic.

Very foolish statement. Why did the government grant scholarships to the rest in the first place.

GEJ was inept. Both GEJ and PMB administrations failed.