₦airaland Forum

obailala:
So did I just see you mention above that $24billion should be sufficient for an import dependent country like Nigeria with over 180 million people and whose forex demand well exceeds $10billion monthly? ... wonderful!... Where on earth did that logic come from?

Cc: martineverest

obailala:
Hmmm.. I'm not sure I understand the mistakes you talk about;

Swisscoinng:
Go and cure your ignorance...

...it is a disease like they say

martineverest:
designer... This is a comprehensive explanation

Swisscoinng:
[s]
Ode who doesn't know 0% is a value of something....more of a mumu, who thinks the foreign reserves, can form part of any government spending...

...I bet your next reply will be that we should use our foreign reserves to fund the 2018 budget..

...you are a clown
[/s]

martineverest:
I have carefully read most of ur comments.... U are not really right tho

martineverest:
hmmmmm......

Swisscoinng:
I asked you a simple question...

If your brain is in sync, you would have known the meaning of foreign reserves, it so appalling that you even attached interest rate to our foreign reserves....

Your illiteracy on the subject matter is first class!

Swisscoinng:
Upon say the money is called Foreign Reserves...

...My God, how did you end up this way?

asunmoGGMU:
Baba, they can call public uni anything but deep inside most of them know that this you say is a fact. However, education don't need to be unnecessarily make hard and the standard don't need to be water down too.
Not all private uni students are dull.

Meanwhile, I met some Al-hikmah graduates in NYSC camp, those folks are examples of who a graduate should not be. You will find same of some public university graduates too.
Yes, you will find great in both divide too. However, I believe public universities are grooming ground for only those that can stand the test of time and frustration. They are mostly strong-willed.

Above all, this dick-measuring contest is needless. In Nigeria, ours are substandard universities across both private and public universities.

PapaBrowne:
What kind of reasoning is this??

That we should rise up and protest against Dangote because he is building a refinery that a whole FG has refused to build for the last 30 years??

What’s my business if he is running a monopoly.

Facebook is running a monopoly on social media and we are all doing just fine.
Google is running an absolute monopoly in search and we are fine.
Android and IOS are running a Global duopoly in operating systems and the world is fine!

NNPC has run a monopoly in the oil sector for as long as we have known and we are not dead.

Why is DANGOTE building a refinery suddenly a problem.

Just for your info, did you realize that throughout the recession the only Nigerian commodity that didn’t go up in price was cement??

Asides, there is no industry in the country that Dangote operates a monopoly. Sugar, Cement, Flour, etc he has very aggressive competition.

ImadeUReadThis:
Dynasties like Ibru are the only true Business men in this nation.

Others especially from both the north and SW are govt reared

ImadeUReadThis:
Examining how Dangote monopoly hurts you...

For much of the 90's and up to the early 2000's, the Vaswani brothers were the dominant rice importers into Nigeria.

Dangote and Folawiyo at that time where limited to importing sugar and salt which made them billionaires.

Not contended with that, the duo of Folawiyo and Dangote wanted a piece of the rice imports (Nigeria's major staple grain).

The duo were able to lobby OBJ to increase rice tarrifs so that they could compete with the Vaswani brothers who I must add here where sourcing rice from Indian silos at less than $10 per 50kg landing cost which amounted to about 800 naira a bag at the ports and after clearing sold for just over 2,000 naira a bag.

The reason Dangote pushed for higher tarrif in imported rice was because he could not compete with the Vaswani brothers as he was importing most of his rice from Sri-lanka and Bangledesh at a higher price.

The tarrif was meant to be paid only by the Vaswanni brothers and not Dangote and Folawiyo who knew how to circumvent paying duties at the ports. The new tarrif saw a bag of rice rise to meet Dangote's import price and to make a nice profit to about 5,000 naira a bag.

But the Vaswanni brothers still made larger profit margins and to totally ease them out, the duo of Dangote and Folawiyo sent their customs and govt hirelings on the brothers accusing them of tax evasion which the latter pair where heavily involved in.

This was enough reason for Obasanjo to deport the Vaswanni brothers, thus paving way for Dangote and Folawiyo's monopoly in rice imports.

The fallout is that we now have to pay higher cost for a product that isn't even worth crap.

Dangote will later secure Indian connections to access 30yr old not fit to eat rice.

The rest is history.

deenee:
Pls stop dis gracing yourself and Google what a foreign reserve means on the internet.

No wonder there are so many unemployable graduates in the country

Caseless:
and the lecturers in private universities are from public universities . NUC is 100% public and filled with people from public universities, that's where your private universities take order from.

IRANIAN authorities, scrambling to contain the biggest nationwide protests since 2009, have blocked social media apps and said anyone who disrupts public order will pay the price, after a turbulent night of growing anti-establishment demonstrations left at least two dead.

https://i.dailymail.co.uk/i/pix/2017/12/31/18/47A9A8C500000578-5224867-image-a-1_1514745272979.jpg

People took to the streets on Saturday night for the third evening of apparently spontaneous protests. The demonstrations began over economic grievances but have since taken on a political dimension, with unprecedented calls for the supreme leader, Ayatollah Ali Khamenei, to step down.

More protests have been organised for Sunday evening, according to online messages.

Iran’s interior minister, Abdolreza Rahmani-Fazil, said on Sunday that authorities would not tolerate the “spreading of violence, fear and terror”, which he said would “definitely be confronted.”

“Those who damage public property, disrupt order, people’s security and break the law must be responsible for their behaviour and should answer and pay the price,” he said, according to the website of the state broadcaster Irib.

The broadcaster also said authorities had blocked Instagram and the messaging app Telegram, which is the most popular social networking platform in Iran, citing an anonymous source who said it was “in line with maintaining peace and security of the citizens”.

Telegram’s CEO, Pavel Durov, earlier said it had blocked access to the popular Amadnews channel after, he said, it had “started to instruct their subscribers to use Molotov cocktails against police.”

A source in Iran told the Guardian the state has started blocking access to Telegram, but it is not covering all provinces yet, while the block appeared to be affecting only those accessing it on cellular networks.

Authorities confirmed that two protesters had been killed in the western province of Lorestan but denied it was the result of clashes between demonstrators and riot police.

The deputy governor for Lorestan, Habibollah Khojastehpour, said police and security guards had not opened fire, and instead blamed “Takfiri groups” – Iran’s term for Sunni extremists – and foreign intelligence services. “Unfortunately in these clashes two citizens from [the city of] Doroud were killed,” he said.

The US president, Donald Trump, on Sunday tweeted that “people are finally getting wise as to how their money and wealth is being stolen and squandered on terrorism”, adding that the US was “watching very closely for human rights violations!”
The protests are the biggest in Iran since 2009 when demonstrators called for the removal of Mahmoud Ahmadinejad as president after what they regarded as his fraudulent re-election.
Many senior figures within the reformist camp and the opposition Green movement remain perplexed as to how to respond to the current wave of unrest. The sharp nature of some of the slogans, which have challenged the foundations of the Islamic republic, have left them mute.

There have been anti-Khamenei chants such as “Death to the dictator” and slogans opposing Iran’s regional policy, including: “Let go of Syria, think about us,” and: “I give my life for Iran, not Gaza, not Lebanon.”

There were also nostalgic slogans in support of the monarchy and the late shah, as well as some with a nationalistic nature, including “We are of Aryaee [Aryan] race, we don’t worship Arabs.” Relatively fewer chants were heard in support of two opposition leaders under house arrest, Mir Hossein Mousavi and Mehdi Karroubi.

Videos posted on social media from Saturday night in the capital, Tehran, showed protesters taking down large banners depicting the ayatollah’s image, in acts of resistance rarely seen since the 1979 Islamic revolution.

One video showed demonstrators taking down an image of the leader of Iran’s powerful Quds force, Qassem Suleimani, who is spearheading Iran’s involvement in regional affairs, particularly the war in Syria.

Some videos showed protesters apparently setting bins on fire and trying to break into government buildings. The semi-official Tasnim news, which is close to the elite Revolutionary Guards, published a photo that it said showed a protester setting fire to the Iranian flag. There were chants of “Death to the Revolutionary Guards” in at least one city.

Many Iranians are sceptical about how the protests have spread so quickly. One prominent senior reformist commentator, Hamidreza Jalaipour, said reformists were opposed to protests instigated by “advocates of regime change”, implying that the new wave of protests was not spontaneous.

A protester from Tehran University told the Guardian by phone that although students were puzzled about how the protests were organised and spreading so quickly, they were not “getting leads from anyone”.
Ali Vaez, Iran project director at International Crisis Group, called the protests “an explosion of the Iranian people’s pent-up frustrations over economic and political stagnation”, but he said: “This is neither a revolution nor a movement.”

Vaez said: “Given its lack of leadership, organisation and mission, it is likely to peter out or will be quelled. The Rouhani administration has two options: it can follow the example of its predecessors ([Ali Akbar Hashemi] Rafsanjani after the protests of the early 1990s and [Mohammad] Khatami after the 1999 student uprising) and opt for a more cautious path, or capitalise on public discontent to push the system towards more genuine reforms. That choice will ultimately determine the Islamic Republic’s fate.”
Reza, a citizen of Mashhad, told the Guardian a lot of people believed the initial protests that started in the city on Thursday were encouraged by the anti-Rouhani camp, most notably the supporters of the hardline cleric Ebrahim Raisi, but it “got out of hand.”

Iranian conservatives, while acknowledging ordinary people were protesting for what they said were mainly economic reasons, accused foreign powers of inciting violence and exploiting the situation.

Hossein Amir-Abdollahian, a senior parliamentary adviser, responding to Trump’s message of support for the protests on Twitter, said the US president should not get excited because “sedition, unrest and chaos are different from gatherings and peaceful protests to pursue people’s livelihoods”, the semi-official Mehr news agency reported.

Adminisher:
The foreign reserves is stock.of dollars available to finance imports. It is not savings in that sense. Most of Nigeria's external borrowings are for projects which will pay themselves out over time. They are as justified as the GSM companies operations many years ago.

GavelSlam:
YourMy case is irredeemable.

usba:
I am sorry to say most of you don't have critical analysis skills. A lot of people will take a mortgage to buy a house in essence borrowing beyond their immediate capacity to pay, hence loans are take to undertake purchase that are usually beyond your capacity to pay in one sitting but will be paid when spread over a period of time. Nigeria wouldn't need to borrow if Jonathan had saved his 56% portion of the ECA.

GavelSlam:
All the crap in my bum is better than what you have in your head.

Happy New year.

GavelSlam:
When you see something good applaud it.

The USA is perhaps the largest debtor nation so what are you on about?

StarUp:
To become a multimillionaire in year 2018, you won't need prayer or fasting or sowing of seeds neither would you need hustling...just look for a problem that affects the general public and proffer a solution.

Gotze1:
Keep lying to yourself, una no get shame. Even here you are shouting private university, it was a created by public university grad. And you are here talking. The fact is that, public universitoes students or grad are smarter than you in private.