BluntCrazeMan:
..
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Ohh..
They don't care about Global Warming Any Longer??
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They should diversify into green energy sources, like Solar-Photo, Solar-Thermal, Wind, Biogas, etc....
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The Sun’s energy is wasting.
And they are planning to go back to coal and firewood?

OkwuEziokwu:


Voted! Good luck dude. E sure me sey u no be Edo boy tho, so wetin dey sup guy?

Tianamen1:
Dear Author,

Nigeria's current problems with inflation stem for decisions made in the last 12 years. Decisions such as GEJ not saving funds in the excess crude account, to Buhari not raising taxes on the rich and/or reducing recurrent expenditure (reduced compensation for public servants and reducing the number of MDA's)

Nigeria's future problems include the shift to renewables which is being hastened by the Russian invasion of Ukraine as you rightly noted.

Between 2011 and 2014, crude prices average over $110 per barrel and the local cost for a liter of petrol without subsidies in naira was about 140(the amount GEJ set it to before the subsidy protest). the increase in price of diesel isn't as a result of crude oil prices but as a result of the reasons I stated in paragraph 1.

As Milton Friedman said " inflation is always and everywhere a monetary phenomenon", so it is true that Nigeria is on a path to hyperinflation because it cannot focus on handling its macroeconomics issues.

You correctly identified the problem, but your solutions would not work.

Nigeria needs to raise taxes on imported goods such as cars, phones, building materials. Basically, tax things that rich people spend money on apart from food, to limit the demand for dollars within the country. This will aid the accretion of our foreign reserves and excess crude account, thus stopping the bleeding of the Naira.

The government should also consider reducing the cost of governance by reducing the number of MDA (implementing the Oronsaye report) and reducing public servants allowances and pay.

This is how to reduce the price of diesel.

MyVILLAGEpeople:


I thought ASUU is demanding for 1.3 trillion Naira? It’s not 80 billion sir.

How can the whole federal universities under ASUU demand for 80 billion?
No na

Dangote Cement Plc has disclosed that fuel and power consumed by the company increased by 34.4% to N196.634 billion in 2021 from N146.342 billion in 2020.

The Group Chief Financial Officer, Dangote Cement, Mr. Guillaume Moyen who disclosed this at the company’s 13th AGM said the increase was as a result of volume growth and inflationary pressures on the costs.

What the company is saying
Moyen said, “In total, manufacturing costs increased by 25.8% to N551.0 billion from N437.9 billion in 2020 while fuel and power consumed increased by 34.4% to N196.6 billion from N146.342 billion and materials consumed increased by 30% to N175.4 billion from N134.91 billion.

“The increase in Nigeria’s manufacturing costs was mainly driven by energy costs due to increased production volumes and price increases for gas which is pegged to the US Dollar. The Nigerian naira depreciated from N401/1US$ at the end of 2020 to N424/1US$ at the end of 2021.

“Thanks to our continuous cost control efforts, total selling and administrative expenses only rose by 19.6% to N256 billion in 2021 mainly from higher haulage expenses which are driven by volume, AGO costs and other general administrative expenses. Inflationary pressure and the foreign currencies’ conversion to Naira is driving part of this increase.”

Liebermann:


You want to talk about competition, there are over 100 interviewees from my state for GFM alone, please tell me how many other southern states have these numbers to begin with. Some of you are irredeemably foolish.

tolaade1960:
As someone had said , panel's recommendation is number 1 which is based on your interview performance and convincing power.

The grades are used to select out the final list from the number of recommended candidates.

Your chosen [b]course [/b]is also important, any course that you can do the program here in Nigeria no need for overseas.

Dress formally, but not really carries marks because not all candidates wear jackets.

KoolK:

Lol. Nice one. All the best. Your interview experience seems really nice and almost a yes. E de your state people hand now..

KoolK:

When you say your focus is the petroleum industry and gas in particular, what role in particular is your intending field in the oil and gas...sharpaly o, this is your next interview.

Liebermann:


If they didn't care about it at all wouldn't it be counter intuitive for them to sponsor someone for a masters degree in the field to begin with?

Liebermann:


Yet they sponsored him and many others for MSc in Nuclear Engineering?

mrphysics:
I have to share my interview experience, it was bad, I mean very bad but wasn't my fault anyway.

So I went in to meet a 2-man panel. They were of course other panels having 3 persons but when it was my turn, it was the panel with 2 persons that were empty and had requested for an applicant. I was feeling lucky believing I had 2 persons to deal with without knowing it was a bad omen for me.

So they checked all my documents, everything was fine, I had everything with me, but not the panelist. So when it was time for me to present, all hell broke loose. I couldn't believe they were people in this generation and a professor in that matter that haven't heard of nuclear. The very moment I mentioned Nuclear (it doesn't matter how I want to apply the nuclear), he stopped me and said "Nuclear in this Nigeria??" The professor was a very old man with little or no knowledge of the current research. I mentioned the use of Monte Carlo Neutron Transport Codes, but he head of only Monte Carlo and chuckled, saying it was what they used 40-50 years ago Haba, Prof. Calm down and listen nah, but he wasn't having any of it.

I mentioned nuclear waste management, and cleaning of oil spillage, he interrupted me and questioned how can I be mentioning nuclear waste in energy management. He even questioned if nuclear has waste? Jesus, I couldn't believe what happened yesterday. It was very funny anyway.

So that was how it went yesterday. It was bad with Prof. But then you don't blame him, Prof. didn't believe Ajaokuta steel can work, he said I should forget about what the government was saying that its a scam and just a consultancy project. He was very proud, but I reminded him that the reason why Geregu powerplant was sited very close to Ajaokuta was to supply electricity to the plant. I told him everything he needs to be convinced but then, his mind was made up and I can't change that. Prof. didn't know that Nigeria currently produce 4000MWe of electricity, when I told him that he said it was not true, I told him to check the internet.

He said the only thing that the government should do is to produce energy from Gas, and that Gas is a clean source of energy. We went to Germany where he mentioned that they shut down all their reactors and I told him that they were importing 34% of their electricity demand from France, he said it wasn't true, I told him it was and that the internet is there for him to check. And now asked him what he thinks Germany will do now with the Ukraine Was and stoppage of the gas flow, he got the point anyway.

Well, it was bad with Prof. but the second guy was amazed though openly didn't want to disagree with Prof. manner, so when Prof. went to fetch his tea, we had a good discussion and he even told me to wait and greet Prof. before I leave.

In summary, it wasn't smooth but then, there is nothing to worry about. If I get it fine, if I didn't get it, next year, I will meet prof. again.