₦airaland Forum

Feelings in relationships are more like rainfall in today's world. They come and go. Feelings in relationships are deceitful. These feelings are more or less infatuation.
You must have heard phrase that 'The quicker it comes the quicker it goes'. That's what feelings are. They're temporary chemical reaction. Don't act on feelings. True love is not based on feelings. True love means total commitment to care for anyone at all times whether the person likes you or not.

You will always be welcomed to PDP Mr Joshua Dariye. The Umbrella is big enough for everyone. Nigeria shall be great again!
#Bringbackjonathan2015

The question is how can APC be reliable and responsible to the generality of Nigerians if it can't even address the grievances of a party member? There's no doubt APC will entrench a totalitarian government if ever voted to power.

We live in a world where man is fallible. Imperfection cannot breed out perfection. The fallibility of man is evident on the things it proposes, design and invent. No system of government, economy or otherwise deviced, produced, and founded by man of imperfection entrench perfection in human society.

Obasanjo is obviously becoming confused these days. His comments are indictments on himself.

Obasanjo did... uhmmm... Pretty good during his administration but not good enough. He had the opportunity to fixed the power sector but he didn't. The railway sector was dead during his time.
One thing that posterity will judge him for is his total failure to invoke the Constitution of the Federal Republic as President of Nigeria to declare Sharia Law Unconstitutional.

Truth will out one day about the real sponsors.

Definitely not a good idea. Terrorist must not be allowed to claim even an inch of any part of Nigeria. What the military need is more intelligence information gathering to fight the terrorists.

Middle Belt got some of the best dancers in Nigeria.

Aso Rock and CBN buildings will be nice for a vacation.
However, this should have been the list :
1. Aso Rock Villa.
2. National Assembly Complex.
3. Supreme Court.
4. Defense Headquarters
5. Federal High Court Complex.
6. CBN
7. NNPC

Too evil

Meanwhile, other club fans are like:

I really enjoyed the match. Cleverly and young were just fantastic. They deserve to be men of the match. I only wish young will extend his contract to 2025

I want to use this medium to honestly wish our dear brothers and sisters, fans of Manchester United a MISERABLE MATCH

When I discovered the evil site of world media houses back in 2005, I stopped paying attention to them all together. The best form of getting confirm reports is 'on the spot' investigations.

It's almost a month since I last checked my Facebook account. I prefer twitter more. It's the best place for business people to connect.

greaterlove: I think I understand where you are coming from and like atwireles said " government has no business in business" but government has a role in attracting good business to a state and we the citizens are to owe them accountable.
Let's take for instance the $200m needed by the river state government to provide portable water for porthacourt residents, if the government had no plan of recouping more than the interest on that loan then that project will be a drain. The government do not need to manage the water scheme but can either privatize it or give it out to a company that can manage and remit a certain agreed sum to the government every year, base on my assumptions which is disputable, if there are 200,000 households in PH and each are paying an average of N3000 a month for water that will amount to N600m, which per annum should be giving the government between $30-$40m after the company managing it must have deducted their profit and cost of running the company.*
It is high time we start discouraging government borrowing to pay salaries or borrowing on infrastructure that will be a drain in the future.
*assumptions.

Exactly. Considering the rate of interest and the fluctuations in monetary policy of the country, coupled with inconsistencies in policy implementation, getting loans for the sake of infrastructure is a bad idea especially when dealing with long term loan facilities.

EasternLeopard: Gbam

Also many US companies are relocating to China because an average chinese can live a descent life on moderate salary when compared to a US citizen

Exactly. One of the reasons why China is the fastest developing economy in the world in the last 20 years.

@Op Even though am having fun with my Tecno H7, how much is your phone?

I don't like blackberry phones.

The phone needs flashing. Take it to the nearest phone technician.

What I find a bit odd about the Priest FATHER GREGOR MENDEL is his invention. I understand science is a field that tries to find solutions to human problems. Yet this guy choose to compound human problems further by inventing killer bees?

Another wonder of Nature. She's lucky.

ibedun: Emergency economists!

You can borrow to invest in infrastructure particularly in areas conducive to economic activities like Lagos. The infrastructure facilitates more activities and people and companies and businesses gravitate to those areas. The government then increases taxes, levies and the likes (generates more income) to service the loan (interest and principal). The businesses make sufficient enough profits and returns and are able to pay the taxes comfortably. And so the multiplier effects continues, property prices rockets, valuation rockets, everything goes up as more and more people and corporations are drawn to the area (including immigrant traders), the government is the able to widen the tax net to cover more activities, property taxes, shop levies, the government's income increases exponentially (ask Ambode the next governor of Lagos State)

Obviously if you are empty Aqua Ibom State (or any of the economically un-viable states) and financing infrastructure through borrowing, then your analysis may be correct.

In terms of Lagos, sorry your analysis is a bit of a nonsense.

You made a point there. But there's danger too. Indiscriminate increase of taxes, levies, property tax etc will increase the cost of living in Lagos State. High cost of living is directly proportional to High cost of doing business. This will further bring down the chances of wooing investors. Increasing cost of living means that Income and salaries will have to increase relative to the cost of living.
This is the red flag investors worldwide are always on the lookout for. Remember they are profit driven business enterprise. If they'll have to spend a large chunk of their profits on salaries alone they'll have no option but to look the other way in search of a better investment climate.
That's what happened in the United States. It also happened to Japan. Am sure you're aware that so many US companies are currently doing business in China because of their low cost of living compared to the US.

It pays to do what you love doing.

Looking Good

Just want to advice all to be vigilant tomorrow. Security is everyone's business.

Edwin Clerk is a man full of wisdom. Listen to him.

EasternLeopard: God bless you

Especially when you made this comment

" From observation over the years, I realized that the major problem facing Nigeria is not corruption per say but lack of strategic investment and development. Strategic development in this case means investing in key sectors with huge impact and capacity for a sustained economic development. This is the bane of our underdevelopment."

I wonder what will become of Odua republic if this public finance method is applied by the govt of Odua.

We Biafrans must also warn our leaders never to plough borrowed money into non direct profitable ventures and if situation demands that they do, then they must borrow extra which must be invested into profitable ventures whose profits are sufficient enough with the help of low single taxes to wipe off both loans and their interests.

It is unfortunate our graduates of economics have not written articles on mass media to warn our people and govt of such bad public finance

States govts behave like a man who in order to appear rich, decides to live on bank loans to finance this life with the promise to use his salary to pay back without putting into consideration the possibility that the company he works for might suffer poor sales over a long period forcing the company to reduce his salary

If oil sales reduce for a long period of time, we will have less for development because we will spend more on debts we must pay for.

Very true.

anonimi: Very good points you have made to complement that of the OP.
The only thing that I will add is the URGENT need to invest in quality education for ALL our children, which is a sine qua non for SUSTAINABLE development. It requires having a very long term view to societal development as the well-educated populace becomes highly creative and productive to generate exceeding VALUE, which provides improved taxation base for repayment of the debt.
No wonder China with almost 1.5 billion population guarantees FREE education for nine years to all its children. The results are obvious to any one to see.

No one remembers the late great sage, Awolowo for the infrastructure he built- Liberty stadium, WNTV/WNBS etc.
No!
He is mostly remembered for the FREE education for all children of primary school age some 60 years ago that lifted many from abject poverty and the society was transformed. Today's elites are mostly the children of those paupers lifted by Awo's free education back then.
All that is now lost due to the Akotiletas (Prodigal sons) that now CLAIM to be his political heirs- when they are no more than BASTARDS by their actions.

Totally agree.

WBB