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DeLaRue's Posts

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Politics › Re: 3 South-West Senators Driving Akpabio’s Ambition Revealed - Tribune Online by DeLaRue: 1:25pm On Apr 26, 2023
If Tinubu supports any candidate, no SW senators will identify themselves as opposing that candidate.

What has surprised me most is how that Senator Bamidele Opeyemi is forcefully making sure he appears in any photograph with the President- elect. He was behind him at the airport the other day. The next day he was at Tinubu's house.

But this man was on TV just before APC primary saying 'I can never work with Tinubu'.

When the reporter reminded him that Tinubu had helped to launch and progress his political career. He completely denied it, and said they were colleagues in Lagos and nothing more that that.

He was one of the Vice president 's supporters, and part of another group of Aso -Rock actors against Tinubu.

To now see the same man hanging on Tinubu's coat tail like a houseboy tells you all you need to know about humans.

I find the whole thing incredulous.
Politics › Re: "No Serious Leader Will Go On Rest" - Peter Obi by DeLaRue:
Once you lose election, and until you successfully overturn the election through the courts, the civilised thing to do is to stop carrying on as if you're still campaigning.

Making petty remarks on whether someone deserves a rest after more than 6 months of relentless activities casts Mr Obi in very poor light.

He needs to rise above his meaningless craving for childish attention-seeking.
Politics › Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by DeLaRue: 7:14pm On Apr 24, 2023
saysoo:
you guys think Nigeria is a rich country, Musk paid $40b cash for Twitter and no Nigerian bank can afford $3b to help African richest man.
I am not even sure that Nigeria, a country of 200m people has up to $40b in reserves.

If subsidy is not removed (even if gradually), the next government will have an impossible task on its hands. The only option will be tax. Everything under the sky will have to be taxed sad

When Tinubu comes in and sees what's on ground, he will wonder if this is the worst job he has ever taken on. I also think massive corruption is going on right now.

I hope this Dangote refinery report is not true. It's dampened my optimism for the prospects of the incoming administration.

I think I need a glass of water.
Politics › Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by DeLaRue: 6:59pm On Apr 24, 2023
Dangote should have gone for a European build.

The initial cost would have been higher, but quality would be better and time frame for completion would have been more certain.

It seems he went for a predominantly Indian managed option.

Indians are not reknowned for being the best in delivering this kind of mega project. Now, the project will probably cost far more.

If this report is correct, the Chinese have now been invited to help complete the project. They might want to start start some designs and fabrications afresh.

I suspect the Indians have made some big errors with the project and can't find a way out.

Which kind wahala is this now huh

And Nigerians have put all their economic hope in Dangote refinery.

This is going to make Tinubu's already challenging task even harder.
Politics › Re: How Lagos Help Nigeria States But Limit SW States Development by DeLaRue: 1:46pm On Apr 24, 2023
Op is slightly correct.

The magnetic economic force of Lagos pulls everything towards it.

It is inevitable that the pull will be most severe the closer your state is to Lagos, hence it is no surprise that for many new graduates from Ondo, Osun, or Ekit, the first place you head to for employment is Lagos.

It is not a bad thing because the transition for even someone from far away Ekiti is relatively easy due to commonality of language and culture.

The downside of this Lagos pull is that the areas closest to Lagos suffer the most from a brain drain to Lagos. Most states in Nigeria have the same problem but other SW states being the closest to Lagos inevitably get more impacted.

Lagos is Lagos. Other states just have to find strategies that work for them.
Politics › Re: The Negative Impact Of Subsidy Removal On My Phone Charging Business by DeLaRue: 9:52pm On Apr 23, 2023
Solar would be perfect for your business.

Of course, it is relatively expensive.

You are the type of hard working person that should qualify for a small business loan. Unfortunately, finding a bank to provide such loan will be difficult.

We read in the news that there are government schemes to assist people like you. But we know the money rarely gets to the right people. It's a shame.

I hope you find a solution.
Business › Re: Otedola Raises Stake In Transcorp To 6.3% With Additional Share Purchase by DeLaRue: 4:41am On Apr 23, 2023
I suspect he will keep purchasing as many shares as are available for sale until he reaches around 10%.

If Elumelu reacts and starts buying, Otedola will double down on buying more shares.

Mr Elumelu was caught napping.

Whatever happens from here onwards, Otedola is now an elephant in the Transcorp room.
Politics › Re: Stamp Duty: Rivers, FG Opt For Out-of-court Settlement by DeLaRue: 12:56pm On Apr 21, 2023
The uniquely Nigerian 'Consultancy fee' again.

And it is rarely less than 5%.

Will corruption and wastefulness of scarce resources ever end in this country.
Politics › Re: Why Are Nigerians Not Talking About This? by DeLaRue: 4:29am On Apr 21, 2023
Basic123:
Ko le,
We will just bombard the internet with videos of their candidates supporting subsidy removal.

But Tinubu should increase minimum wage by 300percent
God help us. 300%?

That will cause hyper inflation, and destroy the naira. Industries will close in droves, and unemployment will skyrocket to previously unthinkable levels.

A loaf of bread will cost about N2000.

Increasing wages willy nilly will cause more harm than good.

Running a national economy competently is a delicate balancing act of constant juxtaposition of wants and needs with scarcity of resources. It is not easy.

Nigerians are expecting too much from the incoming government. The country simply doesn't have the resources to meet people's lofty expectations.

Tinubu will try, but he can't weave a magic.
Politics › Re: We May Not Be Disappointed With Tinubu's Presidency by DeLaRue: 12:53am On Apr 21, 2023
oyichi:
Good but he can lobby his way through to achieve regional government, I believe so
I think regional government now will lead to even more problems and finally lead to the break up of Nigeria which is ok if that's what people want.

Since the regions will be drawn along largely tribal boundaries (particularly SW & SE), it will strengthen tribal corporate identity in a negative way even more than it is presently.

This will lead to even more tribal crisis.

And where do you reckon the regional capital of a culturally disparate region like the NC, and even the NE will be located.

Will people in Kwara agree to be governed from a regional capital based in Jos with Ilorin effectively becoming a local government headquarters.

These are real issues that advocates of regionalism need to consider.
Politics › Re: We May Not Be Disappointed With Tinubu's Presidency by DeLaRue:
It depends on what you mean by restructuring.

Buhari has actually recently passed some laws which can be classed as restructuring. An example is that law he assented to last month that means States can now generate and distribute their own electricity.

That is a major win.

I would think Tinubu would look at other areas, including state police, though I am not convinced that's necessarily a good thing at this point.

It also depends on what you mean by restructuring.

If restructuring to you means states having full control over resources in their territory, no Nigerian president can make that happen because the National Assembly will not agree to pass a law to that effect.

If you want regionalism, no Nigerian president will put that on the list of their preferences. Not only is their no widespread support for it, it will make the present ethnic tension worse. Do you think for example that people in Ekiti state will now agree to be governed not by a Governor in Ado Ekiti but a regional Premier based in Ibadan. I don't think so.

Really, a Nigerian President doesn't have the sole power to undertake major restructuring.

That said, I expect Tinubu to push some changes that supports decentralisation of more power to States.

Finally, I think we need to be realistic about what Tinubu can achieve. Rebuilding Nigeria after several years of economic, political and social degeneration is going to be a slow painful process. There is no magic wand anywhere.
Politics › Re: Dear Tinubu: On Subsidy Removal by DeLaRue: 4:49am On Apr 20, 2023
'Bring development first'.

I'm afraid there is no 'development' that Tinubu can conjure that will bring an immediate change to the masses. The economy has been in very bad shape for 10years at least. There is no magic wand.

If he waits until year 3 or 4 before removing subsidy, Nigeria's economic problems will only deteriorate further with no prospect of relief for the masses.

I think there is a case for removing the subsidy in phases. 50% reduction starting immediately. 30% should follow next year, with the final 20% removed in year 3.

This should give the masses time to adjust to the changes.
Politics › Re: NBC Hasn’t Fined NTA For Broadcasting An Illegal Acceptance Speech - Rufai Oseni by DeLaRue: 3:05am On Apr 19, 2023
Is there a blanket ban on broadcasting anything illegal. I assume the answer is no. Example - footage of ongoing armed robbery and other illegalities have been broadcast over the years. The question is whether it is in the public interest for such material to be broadcast.

Each case will have to be treated on its own merit. It is up to the NBC to decide whether there has been a breach by NTA.

Also, this issue has only occurred in the past couple of days. NBC may well be considering the matter already.

Mr Oseni's rush to draw what seems like a false equivalence with Channel's infraction is another laughable attempt at cheap publicity.
Business › Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by DeLaRue: 6:24pm On Apr 18, 2023
Primusinterpares:
Like is he likely to become the owner of Tony Elumelu group of companies
No. That's Mr Elumelu's private company.

Transcorp is a separate company.
Business › Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by DeLaRue:
Basicend:
Transcorp that is a dead conglomerate.

A very dead brand from the onset.

Femi, has some old accumulations from Nigeria's crude reserves but he is not so much a wise investor.

He was a FBN, and he left. . Where is his outlay in Forte/AP?

He got his significant wealth from the oil block that FG allocated to him. . Not that he was so inventive or creative.
A company with N130 billion revenue is dead huh. That's about N2.5 billion in revenue per week.

Otedola sees something in this company which you clearly dont see.
Business › Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by DeLaRue: 6:17pm On Apr 18, 2023
[quote author= post=122599380]Transcorp has clarifies issues on shares and you guys are still giving yourselves headache, he is second largest shareholder after Tony Elumelu[/quote]Even if he is the 2nd largest shareholder, the die is cast.

If Transcorp was Elumelu's domain before, Otedola has ridden in a chariot into that domain and become a co-ruler since neither of them is a majority shareholder.

Otedola will get several seats on the board of directors and will now play a major role in how the company is run. Nothing can change that now.

Anyway Elumelu didn't have enough shares in Transcorp to claim sole control, so in truth, there was always a risk that another investor will come and outflank him.

Unlike Dangote and Otedola who individually control more than 70% of Dangote industries and Zugeru power respectively, Elumelu has between 3 and 10% of Transcorp. So Elumelu was never in absolute control of Transcorp the way Dangote and Mr Otedola control their own companies.
Business › Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by DeLaRue:
[quote author= post=122598366]His is second largest shareholder after Tony Elumelu[/quote]That's incorrect.

Otedola is now the largest individual shareholder. He has over 5%, while Elumelu has over 3%. The other 9% that Elumelu 'controls' belongs to all UBA shareholders of which Elumelu is the largest shareholder. That 9% does not belong to Elumelu.

As things stand, Otedola will get significant number of positions on the board of directors. He will now have a big say on how the company is run and will have a say on any major decision.

This is an unfriendly and aggressive move by Otedola. Yet, it is a fair one. Anybody is free to buy available shares on the stock exchange. Make no mistake about it, Elumelu can't be happy right now, but you can't blame Otedola.

This is a strategic move by Otedola. He has fired the first shot. He may even have more shares lined up for purchase already, and even if Elumelu starts buying more, there is no guarantee he will catch or exceed Otedola.

Otedola must have seen a big potential in Transcorp and wants to benefit from that potential. It is possible there are some government assets, opportunities or concessions in the power sector which he fears might fall to Transcorp to the detriment of his own Zugeru Power.

He will have seen the 'president- elect' visiting Elumelu and wonder...what if.

I am beginning to feel Otedola's story is one of the great comebacks in our modern history. The man was down and almost out. Selling Forte oil and acquiring Zugeru power has been transformational for him. His strategic investment in First Bank, and now Transcorp tells me he is one the smartest amongst Nigeria's big billionaires.
Politics › Re: Akpabio To Drop Senate Presidency Ambition, Lobby Tinubu For ‘juicy’ Ministerial by DeLaRue: 6:28pm On Apr 14, 2023
Like Buhari, I suspect Tinubu will not appoint a Minister for Petroleum. He will oversea the ministry himself, and only appoint a Minister of State.

The Dezeani effect has not been forgotten.
Health › Re: Addicted To Coca-Cola by DeLaRue: 6:21pm On Apr 14, 2023
Fryx:
Modified

He even told me the signs are merely sleeping posture, that’s why I continued.

.
Hmm...your doctors's diagnosis seem rather basic.

I wouldn't stop here if I was you.

I would start making serious lifestyle and dietary changes asap and may be even see a cardiologist.

I repeat, blood flow problems often have their roots in the heart.
Health › Re: Addicted To Coca-Cola by DeLaRue: 6:08pm On Apr 14, 2023
I am not a doctor by the way.

Please take my comments with caution.

Do you own research and consult a medical doctor.
Health › Re: Addicted To Coca-Cola by DeLaRue:
The blood flow problem is probably the result of a combination of high sugar intake plus calcification of the arteries due to prolonged periods of inactivity.

If you sit on your work desk for several hours daily (which most of us do) without taking breaks to walk, then spend a few hours in the car in traffic, and more hours on a sofa when you get home, and several ours sleeping, that's nearly 24hours of little to no physical activity. And you repeat this at 5 days a week, with not much improvement even at weekends, this can result in gradual calcification of the arteries resulting in some of the symptoms you're are experiencing.

You see, when we are inactive for so long, too much calcium is retained in the blood. Over time, the calcium starts calcifying (hardening) and collecting on the walls of the arteries and start causing a blockage. As the blockage increases, the arteries start narrowing thus reducing the flow of blood to the rest of the body. When body parts don't receive the amount of blood they need, they start dying. Notice how people with complicated diabetes and heart issues often end up having body parts, usually their limbs (legs) amputated. That's because, the legs are the furthest distance from the heart (where blood is pumped), so if there is a blockage of the arteries, legs are likely to be amongst the first parts of the body to be affected.

My suggestions:

1. Quit drinking coke...now. And other sugars

2. Every 2hrs, take a break from your work dest and take a walk from 20 mins or so. If you work in a multi storey building, walk up and down a few floor stairs for about 10mins.

3. Incorporate more physical activities into your lifestyle. Brisk walking or cycling etc

4. Consider using vitamin K2 daily. Vitamin k2 helps to push calcium from the blood into joints and bones and thus away from your arteries.

5. Improve your diet. In the immediate term, consider increasing your intake of high potassium foods. Check Google for details. Potassium helps to keep the walls of blood vessels more elastic, thus potentially enabling more flow where there is some calcification.

You are not alone in this by the way. The so called modern lifestyle that most of us live today is going to have serious consequences in the future.

But, there is a lot we can do individually to make some changes and take back control of our health.

Goodluck man.
Health › Re: Addicted To Coca-Cola by DeLaRue: 5:27pm On Apr 14, 2023
Suhar is the cause of, or contributes significantly to many serious health issues in the long term. I avoid it like a plague.

There's no scientific basis to support your belief that your brain needs all the damaging sugar from coke to function optimally. You have just misled yourself into believing that.

Your diet of junk foods & sugar is undermining your brain's efficiency. You seem to be willing to give up the junk food, but not the sugar.

Remember that the brain is made up of mostly fat and water. That is what you need to feed it. Eat good quality fat like Extra Virgin Olive oil, increase your intake of Omega 3, keep well hydrated, get enough sleep, improve your overall diet, and fast occasionally. I bet you, you will see improvements in your brain performance.
Politics › Re: Fayemi ‘Hustling’ To Become Tinubu’s Foreign Affairs Minister- Sahara Reporters by DeLaRue:
Mr Tinubu, listen, it is us the Nigerian people who gave you victory against all odds that you owe a payback, not these insatiable political jobbers.

This is YOUR time to write your name in gold by choosing the most competent people to fill the most important roles such as a Minister of Finance, Attorney General, CBN governor, Minister of Aviation (Aviation can be a key driver of our economy) etc We need a powerful Minister of finance to impose financial discipline across government.

Get the best people for these roles. If you can't find a suitable Nigerian, do not hesitate to get the best available talents from any country in the world. Truth is, many Nigerians with big qualifications and titles are not competent. Let's go for the best. If the best Aviation administrator you can get is from Ghana, Sweden, or Argentina get him/her.

It feels like this is Nigeria's last chance to get things right.

Be brave Mr Tinubu. Go for merit.
Family › Re: Why I Chose To Distance Myself From A Sibling by DeLaRue: 9:01pm On Mar 31, 2023
[quote author=LikeAking post=122196450]Somebody with Masters degree in Canada, can't be struggling..
. [/quot


You're wrong.
Politics › Re: NBA Wants Live Telecast Of Election Tribunal Proceedings by DeLaRue: 11:15am On Mar 28, 2023
This will simply create more strife and divisions in society.

People will use social media to amplify and distort what is going on. Highly subjective and unfounded allegations will be propagated about the Justices and lawyers.

If a Justice sneezes, coughs or laughs at 'the wrong time', social media may erupt with claims that he was passing a coded message to lawyers of a certain party.

All sorts of spurious allegations will be made & spread by influencers who have zero knowledge about how a court works.

Justices and lawyers will become targets of personal abuse. Their family members will not be left out.

Broadcasting will, in my view, cause far too much trouble.

I cant see the Supreme Court agreeing to a life broadcast.
Politics › Re: Keep Your Dirty Nose Out Of Nigeria’s Affairs, Fani-kayode Attacks British Envoy by DeLaRue: 5:58am On Mar 27, 2023
People just don't understand that despite its challenges, Nigeria is a mighty country.

Most populous country and largest economy in Africa and on the cusps of economic explosion if we get our acts together.

Just because Ghana, Sweden, Argentina (etc) get a few more hours of electricity doesn't make them more notable and powerful than Nigeria.

Outside of the US and may be China, no country in the world can genuinely influence Nigeria against its wish.

That's a fact.
Politics › Re: Keep Your Dirty Nose Out Of Nigeria’s Affairs, Fani-kayode Attacks British Envoy by DeLaRue:
UK or the EU will not dare interfere in Indian domestic affairs or have the audacity to lecture them.

Nigeria kicked British companies out of the country in the 70s and confiscated their assets, primarily because of UK's support for apartheid. They can be kicked out again, and nothing will happen.

They need Nigeria more than Nigeria needs them. They need our market. We don't have much to export to them so we won't lose much.

Anyone that says we need them more than they need us is mistaken.

We should be working with fast-growing economies like Singapore, China. India etc, not some clapped out European countries who have big unresolved (unresolvable) problems of their own.
Politics › Re: Keep Your Dirty Nose Out Of Nigeria’s Affairs, Fani-kayode Attacks British Envoy by DeLaRue:
The UK, France, Italy and many other European countries are old, faded and living on debts. Their countries are going down the drain. Many of their citizens can't even afford food. Yet, they parade themselves as paragons of virtue. They are not.

Their glory days are behind them. They are deluded to think they can lecture other countries.

Someone said up there that Nigeria needs the UK and the EU more than they need Nigeria. How?

They feed us or pay our rents?

The EU is a toothless organisation that no country in the world listens to. But misguided Nigerians give them relevance by constantly seeking their validation.

I don't support anything FFK says, but I refuse any lecturing and intervention by Britain of all countries.
Politics › Re: Sam Amadi Threatens To Sue FFK If He Doesn't Apologise. by DeLaRue: 11:57pm On Mar 26, 2023
Though Mr Amadi did not use the exact words Mr Fanikayode claimed, an inference can be drawn from Mr Amadi's tweet '... who is this. So it is true?'.

Ofcourse anybody reading his tweet wiould understand that Mr Amadi was propagating the false rumour. It is no surprise that he subsequently deleted the tweet and apologised.

If this goes to court, it may not be a slam dunk for Mr Amadi.

FfK should delete the tweet but not apologise.
Politics › Re: 2023 Election Highlights Imperative Of Power Rotation By Farooq A. Kperogi by DeLaRue: 2:53pm On Mar 25, 2023
Before Primaries, he wrote that based on feelers from his contacts within Aso Rock and among Northern leaders, Tinubu's aspirations to win APC primaries would never happen.

After Tinubu won the primaries, he wrote that Tinubu was wasting his time and that all roads to any election success for him has been blocked.

After Tinubu's famous Emilokan speech, he wrote that the entire North was now totally against Tinubu and proclaimed that Tinubu was finished. Mr Kperogi hides his tribalism so well.

After Tinubu won the elections, he went quiet, no doubt embarrassed with himself.

Now, he is coming out trying to position himself as a detrabalised sensible writer genuinely concerned about Nigeria 's constitutional arrangements.

The man has been wrong time and again. His credibility is shot to pieces.
Politics › Re: Tinubu And Other Charlatans Must Be Stopped. by DeLaRue: 12:33pm On Mar 25, 2023
What you are asking for is chaos and lawlessness.

You claim Tinubu's administration will change the constitution arbitrarily.

But arbitrariness is exactly what you're asking for by demanding that the winner is not sworn as the constitution requires.

That's hypocrisy.
Career › Re: Mechanic Returns N10.8m Mistakenly Sent To His Account, Gets Rewarded With N50k by DeLaRue: 11:05am On Mar 23, 2023
The reward is ok.

Returning what is not yours should be a matter of personal satisfaction without an expectation of reward.

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