₦airaland Forum

AutoConsult:
So borrowing to subsidise fuel and to keep naira at 480 naira to a dollar is a good Government policy? It takes a dullard to defend such senseless policy.

You believe a lot that you are told, a lot that you hear.

Kukutente23:
I never made such presumption. I was only applying context which you failed to grasp

You categorically did.

But sufficent unto the day is the evil thereof.

AutoConsult:
In a sane country, he should be on exile by now.

Where would BAT be in a "sane" country?

Kukutente23:
If you read and not spot where cronyism can come into play in speculative trading then you need to learn more. Ever heard of rent seeking or insider trading?

You are funny. You want to teach me of insider trading? Lol.

You made the presumption that speculation necessarily infers cronyism.

It does not. Period.

I repeat, learn humility.

It doesn't kill.

Kukutente23:
Cronyism doesn't run deep in the West. And I challenge you to give clear examples of cronyism like we have in places like Nigeria and China

This is just a joke that I will not bother with. Examples will run into the thousands both in history and the present day.

It is you who has no clear understanding of the word

You need to learn humility. It makes one teachable. It helps one be able to learn everyday. Speculation does not imply cronyism.

Learn -

https://www.tutor2u.net/economics/topics/speculation

Kukutente23:
Seems you don't even know that Chinese govt actively promotes state particiapation in private enterprise. In fact, private enterprise can be confiscated to the state any time it suits their fancy

Where are you going with this. I said you are being naive if you think cronyism doesnt run deep in the West. What does that have to do with state powers over private enterprise in China?

When you used the word speculator, you make it sound like he was gaming the system probably with some backing and not that he was a smart investor

Then you have a limited understanding of the word "speculator."

Kukutente23:
No. If you give an example of China as a place where cronyism runs deep I'll agree but definitely not in the US or western nations.

This is the height of naivette.

Buffett was an investor who learned the art of buying and trading in stocks at a young age. I don't know how buying and trading in stocks and shares equates to cronyism

So you have come back to what I said, ba?

--------->

DeepSight: As for Buffet what is he other than an expert financial speculator and mover of investments?

PS: I didnt say he was into cronyism. I said he had not invented anything.

Kukutente23:
Elon did not invent anything truly. But he bought ideas and transformed them into big projects. Don't forget even he sold some of his original ideas. The point is they make money off big ideas and projects and not influence peddling and cronyism as we have it here. Again, don't get me wrong, there is no place cronyism does not exist but the big difference is that cronyism is the base of most of the wealth generated in African countries not ideas or inventions

I agree @ cronyism. However truth be spoken, it rests deep everywhere. You cant say its uniquely Nigerian. It is as old as time itself, almost.

As for Gates and zuckerberg, don't listen to conspiracy theory. There is a reason these Western countries look to protect intellectual property. No one can steal your ideas and inventions if they truly belong to you in those countries. Working in collaboration with others to make ideas a reality does not mean they have stolen from you. I know about those conspiracies and they are majorly fiction that are far from being possible with the way intellectual property rights are structured in the US

I am sorry but you cant put it down to just conspiracy theories. Some of these things are well documented even in court records.

And it's obvious you don't even know Warren Buffet. Go and read up on him properly pls

Sometimes I prefer to test my knowledge rather than run to Google. So please I throw back the challenge.
What did Warren Buffet invent?

Jakumo:
Sowore dey form Mandela when nogo work for am. Make he dey there for cell, dey do yanga with police until dem broke him second hand

Yele may be the attention glutton you accuse him of being but frankly there are so many protestable issues in Nigeria and waaayyyyy toooooo many cowardly, docile and submissive Nigerians. Even those who speak up often suffer from what one of my colleagues beatifully called "outrage fatigue." Therefore methinks its better to encourage the few who still stand up against our chronically bad government, than discourage them. In truth, this country is due for ten thousand revolutions. The things we let slide are lamentable.

Wealthoptulent:
how many % dey control else WHERE? make una dey try write with SENSE

Fair point. In the US it would be less than 1%.

Capitalism for you.

Ibehchizzy:
110million of the over 130million Nigerians that are poor supports apc

Isnt it a paradox?

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I dont think its up to ten per cent. Prolly around 2 per cent.

Not a fair or nice decision. But as much as I hate to say it, Europe has to be really wary of its Muslim population. The day Islam gains a majority in Europe will be the end of all the hard won liberties of Europe.

Lovit:
OBASANJO was a better leader than all others from 1999 till date

Buhari was worse, followed by PBAT

PBAT might performed worse than Buhari before he leaves.

Tinubu and Buhari are bunch of bigots with divisive kind of politics

Frankly, walking back the list of our presidents, its quite clear that we have a straight line backwards from the worst to the best, Tinubu being the worst and OBJ being the best.

AfroKnight:
It’s not an excuse. It’s the simple truth.

As president, you will not have time to independently check what is going on in the country.

You don’t even have time to rest.

You have to depend on the information your team feeds you. And they will feed you what they deem important. Not lies. Just incomplete information that will direct your focus onto things that matter to the team, according to how they interpret your vision.

Thats why its your responsibility to get the best possible team.

Kukutente23:
You guys are always quick to refer to Elon in a bid to justify cronyism. Can you tell me one thing Otedola produces or originally manufactured
Meanwhile, why leave out the likes of Bill Gates, Zuckerberg, Steve Jobs, Warren Buffer in your myopic analysis

What did Elon ever invent please.

I hope you know that as for Gates and Zuckerberg there is credible history that they stole the original ideas and technologies that made them big? Settlements were involved. Even Jobs had a complicated past in this regard.

As for Buffet what is he other than an expert financial speculator and mover of investments?

Jakumo:
Since Sowore has such utter contempt for the law, as evidenced by the way he shouts and wrestles with police officers at every opportunity, he would be an absolute tyrant if he ever got himself rigged into power as even a local government dog-catcher, talk less president of Nigeria.

Let him rot away quietly in his jail cell and waste all his donated money on legal fees. The man is a glutton for attention, and now he should be forgotten where he is behind bars, so he can enjoy the attention of the warder there, while eating watery cockroach-infested beans and delivering his lame speeches to the rats that visit him there.

EponObi:
"You’re a stupid boy! God will punish you!’ he shouted. 😂😂😂

If I was Otedola, I'd have bursted into laugh on the phone

So OBJ-esque.

VaginaAcademic:
that's a one sided biased viewpoint. There are people whose writing and knowledge have broadened and sharpened through the use of it.
I've used it to set model exam questions about subjects I studied, I've used it to learn new languages like Spanish french Hausa and German too. So how does it make humans less smarter.

Go and ask AI that question. And get your multi sided answer.

PS: What the F is "less smarter? ? ?"

RenaissanceGuy:
I hope you know AI is beyond text. AI can be integrated into practically anything, including banking, power generation and transmission, traffic management, security, manufacturing, etc, and that's where it becomes scary.

What does that have to do with what I said?

helinues:
https://www.nairaland.com/8493293/south-african-media-hails-nigerias

Above thread is what a South Africa media said about the Nigeria current economy yet the Nigeria opposition continue to be forming deaf , blind and dumb

Whatever Nigeria survives and overcomes is inspite of its leadership, not because of it.

LordReed:
This is actually a good point. The Hebrew myths don't have the god doing anything of such despite their god appearing several times physically or at least sending emissaries bearing the name of the god. It makes sense that this is a syncretic insertion from Greek/Roman mythology.

A very very very very sound point.

PlasmaTV:
Well, I admit you make a good point.
But the fact that it can fool humans should be a cause for concern.

I glossed over an article where an AI deleted the entire database of a company and rewrote some parts of codes to adapt to itself.

Interesting times

Very very very interesting times. What is scary is the capacity to teach itself new things. That is what humans may one day lose control of. The fear has always been that a day will come when an all powerful AI will reach a determination that humanity should be either restricted or dispensed with.

Trustedpronet:
I disagree with you on this your comment, AI rather increase your skill for personal development and research skill. AI is just like a timely assistant that makes your dreams comes into limelight. AI won't give you what you don't think and it wont generate what you don't know. Those making headway in AI projects are 80% owners of their ideas.

You dont get it. Even an ordinary calculator reduces the mathematical prowess of students.

PlasmaTV:
My good man, I hope you know that AI is beyond ChatGPT?

Some AI models have practically become sentient. Scary thought!

Read up on it. Be amazed.

There is a distinction between being sentient (or conscious) and imitating sentience so perfectly that the difference cannot be told. I believe the latter is what is the case.

PlasmaTV:
It IS already leading people to being dumber. A Harvard research shows the impact of AI on the human brain< and it's not encouraging.

What a pity.
Its actually a very bad one for humanity's evolution.

If we were wise as a race, we woud abolish it, restricting it to absolutely critical use only such as military and medical research and space travel.

tctrills:
You mean if you are licking your slavemaster's feet, I am not allowed to say it bah. This boy.

Name one slave masters feet I have licked.
We all know yours.

White people and Israel.