₦airaland Forum

1. The project is too modern for that location.

2. The property is under utilised. Virtually all the upper floors are unoccupied.

3. It is not generating up to 20% of the cost required to maintain it. Current Lagos State government has shown no interest in the place probably because it was a symbolic Ambode project. So, absolutely no funding (subsidy) from the government, which I supported. However, with the way things are now, LASG may need to subsidise the place.

3. The original plan was compromised by the need to pull those NURTW buses from the various parks around Oshodi into a single modern terminal.

4. Intra state buses and the sort of crowd they pull ie their drivers, bus boys, small retailers, and the other hangers on, have very little respect for cleanliness and orderliness.

5. Once NURTW moved in, the management of the terminal is at the mercy of NURTW. Any management rule/policy that NURTW oppose is dropped because they have the ears of the Lagos State Government. NURTW effectively dictates what happens, so any attempt by management to evict loiters or maintain any form of order is resisted.

By the way, the place is managed by a private company on behalf of the Lagos State government.

Some of this must be down to the Nigerian diet, which is too carbohydrate-dense.

Makes you lazy and drowsy.

What trees?

I bet the money was simply shared.

Nigeria - probably the most frustrating country in the world.

handsomeyinka:
Funny video.

Everything na Aso Ebi.
Even on rail line commissioning?

Wonders shall never end.

Are suits and ladies English dresses not Oyinbo people 's aso ebi

So, we should be ashamed of wearing our own aso ebi.

Only last week, I was thinking I might change our office wear policy to give our lady staff the option of wearing Ankara dress from Monday to Friday. By the way, we are in a profession that requires us to wear suit and tie rope around our necks every day. I've had enough of this colonial way of dressing.

A simple, not overstyled Ankara dress/gown that is about 2-3 inches below the knees beats any English lady's suit/English dress any day, and it doesn't stop anyone from looking professional.

People should leave the business if the terms are too onerous.

Things are hard, but saying they're taking away your jobs is inaccurate. They don't owe you a job. You're self employed.

If you willingly sign an agreement and found later that you could not meet the terms, then you are in breach of the terms. The other party is entitled to terminate the agreement in order to reduce their losses.

Businesses are not NGOs.

Mr Keyamo appears to be rolling back his initial statement.

As a lawyer, he should know better. The previous government already awarded the Concession of some of the airports, including MMIA.

A Concession is a contract. A new government has to be careful about its pronouncements about a contract that has been signed.

It is this type of unguarded behaviour that has led Nigeria to being sued abroad for billions of dollars.

Also, as the MMIA Concession is already being challenged in court by one of the parties, the Minister did not need to say anything about it.

In Nigeria, a project like this will:

1. take too long to plan as various regions fight over which zones the project must cover

2. lead to huge lobby for appointment as the MD or Chairman of the agency involved as it will be considered very 'juicy'

3. cost at least twice the cost in Egypt

4. not be completed on time.


After the government commissions it:

1. we will find out it is not going to work for another year, may be two

2. when it finally starts 'working', it will not work properly or at full capacity due to one problem or the other

3. the agency in charge will claim they need money to make it work properly

4. National assembly will pass huge budget allocation every year to fix it knowing fully well it will never truly be fixed completely

5. The agency's Chairman, MD, and board members will award inflated contracts to themselves and their family members

6. National Assembly committee members will collect their own.


To cut a long story short, the project will never work at full capacity.


10 years later, Egypt will be way ahead of Nigeria.

Like now, Nigeria's president then will be running up and down begging foreign investors to come and invest in Nigeria.

Foreign investors will read the reports on Nigeria, and say...nah, we would rather go to serious countries like Egypt, Kenya, Rwanda etc

The story of Nigeria.

The key data here is the 'cost of sale/revenue' which shows that of all the companies, Dangote makes the most profit per unit/bag of cement.

With a cost of sale/revenue of only 41%, Dangote makes double the profit of Ultratech Cement of India per bag of cement

Based on Dangote's current factory price, it means Dangote's total cost to manufacture each bag is around N2,000. Anything above that is gross profit. So, the company can reduce price per bag substantially and still make good profit.

My opinions are based on my amateur understanding of what 'cost of sale/revenue' means. Any accountant reading can correct me.

While the narrative being pushed by the publication is that Dangote 's price is cheaper in absolute terms than some foreign companies
may be correct, such comparison is hiding the truth as the companies operate in different economies.

The most relevant comparison is that Dangote makes far more profit per bag than any of the other companies.

9jahotblog is a fervent pdp supporter
, or am I mistaken.

It is surprising that the Governor is losing an ardent supporter so soon after becoming a Governor.

madridguy:
Governor Babajide Sanwo-Olu is stylishly fighting Tinubu as if he can withstand Jagaban punch Since you are on second term you think you have it all. I just dey laugh, if you think you can do any mago-mago to bring in Aregbeshola boys into your government to start arranging for 2027 race you're only fooling yourself.

Obasa is there to check mate you

Interesting. Surprising too.

The Governor was a constant sight beside the President during the latter's trying times before the elections.

Why the Governor suddenly turn against him when he's now the most powerful man in the land, and can cause his impeachment in a twinkle of an eye.

There is no country in the world that doesn't borrow.

I would be surprised if the Finance Minister made such categorical statement. I he did, then he is setting himself and the govt up for derision when the govt inevitably have to borrow.

The richest countries, including tge USA, Japan, Germany etc all borrow. Infact, Japan, USA, Italy, France and the UK are the most indebted countries in the world. In itself, borrowing is not a sign of failure.

Nigeria can't run without borrowing. The key is to reduce borrowing as much as possible.

Polish security also stopped South African president security when he visited Poland recently.

Why this is a recurring issue between the teams of a host and a visiting head of state is perplexing.

Can't both sides agree certain protocols in advance and abide by them.

Kukutente23:
You failed to get my point. That's a pity. NEMA is under the control of the presidency.
Govs are not. Get it now?

You mean the staff in the Presidency who will supervise NEMA are not Nigerians and are not corrupt?

Is there any agency under the so-called control of the Presidency that is not corrupt.

What planet are you on?

Government doesn't control black market price. It is up to the buyer and seller to deal at whatever price suits them.

The government only has direct influence on the I & E window which is around N780. Big companies and many others who have legitimate reasons can buy dollars from banks.

Many of those desperately buying at any price on the black market are using hundreds of billions stolen under Mr Buhari's government. They can't come out openly to buy through official channels.

If they like, they should push the black market rate to N1500, it is up to them.

The government can only focus on the I & E market.

Kukutente23:
If not, this distribution could have been done by NEMA in all the 774 LGs across the country. NEMA is directly under the presidency so it can be monitored and accounted for easily. But no. It has to be fellow political bandits.
Shame on APC

I assume you have not read about alleged monumental corruption at NEMA.

Also, are NEMA staff not Nigerians like State and local government employees. Or NEMA is filled with saints.

Validated:
As $1 is now approaching N1000, what is the mechanic in CBN still doing in office?

Where is the $3billion they borrowed to defend the naira?

All those who were calling GEJ clueless have become catastrophic in government.

Nigeria earned so much money from crude oil during his regime (the highest to date) , if he had managed it well we would not be where we are today.

The money was mostly stolen under his watch. We are still reading about Deziani's loot today.

Any suggestion that Mr Jonathan was a competent leader is laughable.

Mr Buhari came and overborrowed, and over subsidised the economy to the point of near bankruptcy. To think that Nigeria 's net foreign reserve is only around $3 billion after over 50 years of crude oil sales is shocking.

Against that shocking backdrop, the current government doesn't even have the resources to defend the naira.

Naira could fall a lot further.

If Nigerians went about their normal business focusing on the own currency like most countries ' citizens do, naira will not be where it is now.

You wake up, you monitor dollar value.

You're at work, you monitor dollar value.

You're chilling with friends, you yarn about the dollar.

Citizens should be productive to boost economic growth. No, many see selfish trading and profiting from trading dollar as good business.

Zambians, Senegalese, Ugandans, Indians, Brazilians don't spend every minute of their lives monitoring and coveting the value of another country's currency and they're ok.

People think the government can wave a magic wand and naira will increase in value, when a big part of the problem is Nigerians speculating and buying more & more dollars for no particular productive reason.

99.9% of Americans have never heard of the naira and don't care. Yet many Nigerians are obsessed with America's currency to the detriment of their own currency.

People should continue.

I have often wondered why if we had around $35 billion, the CBN couldn't supply enough dollars to maintain the naira value.

The weekly demand for dollars is somewhere around $500m. That's not too much for a country that claims to have $35 billion in foreign reserve and is also earning dollars daily from crude oil, gas, and other exports.

Now I see that only around 10% of Nigeria's so-called foreign reserve actually belongs to Nigeria. The rest was used as security to borrow money by Mr Buhari. Chai.

Buhari finished this country.

To think he was wasting valuable dollars on a train to Niger Republic

leanonme82:
Ekiti and Ondo no go join. Awon ilu ori-oke Babalola CAC.

I don't think 'isese' is a known concept in Ondo and Ekiti. I could be wrong.

In Ondo, I think Ogun the god of iron is more widely celebrated/worshiped by followers of traditional religion, and every town seem to have different thing they worship. I am not sure they come together under a single umbrella like 'Isese'.

There is also the fact that Christian influence is quite dominant in Ekiti and Ondo, and followers of traditional religion in those states generally do their thing and keep a low profile.

Those from those states can educate us better.

KingsCity:
It doesn't make sense for subsidy and all it's corruption to be restored


What the government needs to do, and they ought to have done that already, is significantly increase salaries of employees.

Same day he announced subsidy removal, he ought to have announced wage increases.

A President cannot just get ut of his bed and announce salary increases. We are not in a military dictatorship. There is a legal process to follow. There's also consultations that have to be made with labour unions, the private sector, and all sorts of calculations that have to be made. They're currently following the process. A Nigerian President is powerful but he has to follow the law and the democratic process.

There is also a legal process to follow to remove subsidy. Buhari followed the process which took several months and was voted by the national assembly. Many people just didn't notice when the process was going on.

alwayzonlyn:
"Trial & error" government

That's because there's no easy solution.

Nigerians have turned buying and selling dollars into a big business.

Naajjii:
So we got to wait till 2025 for dangote refinery to start working. Don't you think that government can as well build another refinery before then?

Building a refinery will take about 7 years. If it is built by the Nigerian government it will take 9 - 10 years.

Due to eye-watering corruption, a refinery built by the government will cost way more to build and manage than one built by the private sector.

A government refinery will become a massive corruption centre.

No government-owned business works in Nigeria.

How many cars are in a Government house fleet that requires an SSA. Even if it is 100.

It is the worst case of wastefulness I have ever heard.

Just think about it - Senior Special Assistant on Governor's cars.

Shocking.

Isn't this the same 'human right' lawyer that allegedly secretly spent N500 million buying a property from efcc or was it Amcon.

He parades himself like he is a paragon of virtue.

EdoBoy90:
Nigerians are confused people.

Go and see what Saudi Aramco is doing with oil money in Saudi Arabia

1. Saudi Arabia produces 7 times more crude than Nigeria.

2. Their population is 25% of Nigeria's.

3. No. 1 & 2 means they generate far more revenue from selling oil and they have far more money to develop their country.

4. As for Aramco doing well, it's partly because their citizens don't set out to destroy everything their government put under their control like majority of Nigerians do.

Just this morning, my doctor neighbour was lamenting that his security man was stealing his chicken eggs If I tell you what I have experienced in the hands of staff ehn.

So, Nigerians are quick to blame government for this and that. But even the ordinary man and woman on the street are mostly untrustworthy.

Who is doing who.

I believe Nigeria has 2 refineries- Kaduna and Port Harcourt.

Hundreds of billions have been spent since Yaradua era right up to Buhari, yet they are not working.

You want government to pour in hundreds of millions of dollars again. Where is the guaranty they will work.

And even if the refineries work, they will be huge corruption centres. Every year, the thing will break down. Or rather, the civil servants managing it will make sure it breaks down, so another huge sum can come in to be stolen. The fuel produced in that sort of environment will be more expensive. Production and supply will be small and unreliable and so any impact on reducing fuel import will be marginal.

Also, do you know any large industrial complex that has been successfully run by Nigerian government officials. Not just in recent years, but in the last 30 years?

Why do you think it would be different with the refineries?

The refineries are a money drain.

NLC president said Mr Tinubu promised the refineries will start working by December. I am very skeptical. Even if one of them starts working, it will cost the government more than it is worth.

The best outcome is for the refineries to be sold, assuming the government can find buyers.

Having a degree, masters or PhD has little to do with being a good minister of Defense.

Over the years, Nigeria has had many Professors as Ministers. Many of them achieved very little.

Given Mr Mattawale was a Governor of one of the states most affected by insecurity, he might be a better person to occupy that role than a PhD holder from Ekiti State.

Saying as Governor he did not stop insecurity in his State is neither here nor there. Governors have very little power, capacity, or the resources to deal with type of insecurity in Zamfara.

Only the Federal government can.

I wonder how the Governor arrived at such huge disparity. Fairness is easy to do, but some people choose a different path.

By the way, section 14 (4) of the Constitution that is always quoted by people who claim discrimination does not mandate equality of representation in appointments. All it says is that the appointing authority should recognise the diversity of people in its area. Legally, it would be difficult to prove the Governor is in breach of the Constitution because he made fewer appointments from a particular group.

That's because 'diversity' in the context of section 14 (4) is not restricted to religion. Other measures of diversity in the Lagos appointments will include Gender (female representation), and Tribe. In a court, non Yorubas in Lagos are more likely to succeed in an action to enforce section 14 (4) than those clamouring on religious grounds.

OkayDaddy:
Tinubu has balls of steel. Pure steel.

Remains ministry of Agriculture.

If the best candidate for Agriculture is from the North, he should pick him.

But it shouldn't always be that Agriculture must be reserved for any particular part of the country.

That should also be the case for petroleum.

OkayDaddy:
First FCT Minister from the South

Normally, FCT and Agriculture, it' usually Northerners who occupy those posts.

If true, that'll rightly set a precedence that the FCT role is not the preserve of northerners, and confirm Tinubu as the boldest President ever from the South.

Pauliaette:
Locally, this plan is legit. The property u wants to buy I believe u'v seen it and like it as well. Just take a walk around the neighbourhood and asked questions naha about the house. From there thank me later...

Just like that

You're clearly not a lawyer.

The number of people who lose money over fraudulent property transactions is humongous.

Many people 's lives have been ruined by this.

This is a very serious matter.