₦airaland Forum

If (or when) Chime wins this case, the journalists would have learnt the lesson of their lives. This claim is enough to roast anybody financially.

@ Adrian008, you are right to some extent but how do we explain the case of an slowpoke like Abdulmutallab who has access to the best of Western education and potentially so much wealth.

I think the "brainwashing" effect of religious extremism transcends all forms of reason. It is about programming the mind to believe anything and to act in a certain way. Not even wealth or social status can correct this anomaly. I however agree that those higher up the chain tend to know better and often have a different agenda from just religion. That could explain why a dumbass like osama would prefer to live and watch porn rather than die to go meet 72 "virgins".

Great plan as usual but . . . *Yawns* wake me up when the job is done.

My thoughts align with those who think this is the product of intelligence.

It's a very plausible strategy. It involves infiltrating their supply chain and taking over the supply of some essential components. Those components will be rigged and when the criminals try to set them up, KABOOM! Off goes the bomb, IN THEIR FACES! And they will never live to tell the story. Lol. Very sweet way to deal with them punks.

More like this pls.

Well said @dmainboss.

Prof has taken a very convenient fence position. You can tell he knows the subsidy has to be removed and at the same time doesn't want to take that position because monies realized from previous subsidy removals have been squandered. Also, being an opposition politician, he doesn't want to take an unpopular stand.

Fortunately for me, the answer is NO. I guess I'm just too fortunate.

You need to see the madness along some major Lagos roads. Then you will understand that measures such as this are necessary to prevent complete breakdown of infrastructure in Lagos.

If all things were "free", everyone would have been able to afford a house in VI. The freer it is, the rougher it becomes.

Who should be the puppet in this context. Jonathan or Fashola?

Find the missing link between Universities and the industry, then you will fix half of your problems.

So what did the "protesters" finally achieve? What a waste of time.

What happened here is a good picture of what will happen to removal of fuel subsidy. A few will come out to make noise and the subsidy will still be removed at the end of the day.

OP, I have 2 words for you: Humble yourself!

There is no southern homogeneity. Such things can only be formed when there is a common interest.

Another point worth considering in addition to the above is that the oil market is a global market. We cannot isolate ourselves completely whenever we are doing oil economics.

Yes, oil is our natural resource and God gave us free. But we must remember it has value. Petroleum products also have international value. Whenever we trade at less than the global prices, there is an opportunity cost associated with it. If the volatility of the global market is high, so also our exposure will be high and our economy may not be able to absorb all the shocks that go with it.

Very nice analysis but just one piece of the puzzle is missing. That is the smuggling effect. Our market is like a leaking basket. We keep pouring in petroleum products and we can't account for it. This is the primary reason for the huge importation. One major problem is determining the size of our demand. Do we really know what Nigeria's true domestic consumption is? How do we go about determining this accurately. It is a humongous task.
Frankly, the best solution will be to plug all the holes. But its not that easy to transform a basket into a bowl. That leaves us with the easier alternative which is to place an inhibitor or an impermeable membrane over the basket. That is what removal of fuel subsidy seeks to do.

One point this analysis has brought out is the fact that the market forces can indeed drive down prices when the market stabilizes - post subsidy removal. In fact, it proves that if subsidy is removed, we can drive prices down to the range of N35 to N45 per litre (which is less than current prices). This will be so because a huge chunk of the uncertainties (primarily the true size of our demand) will have been dealt with.

Good news!

1. Those in d rural areas tend to migrate to the few urban centres rather than develop their own places to become cities.


2. Most states were created around single cities. Some states in the 80's could boast of 2 or 3 cities but now they've been split.

It's not by force to use the road. There is an alternate route. People too like wahala sef!

He died in the line of duty. We should lower the NPF flag to his honor!

I dey laff o.

Frankly speaking, there is no place that comes close to Lagos in West Africa. Lagos is light years ahead of the others. Kudos.

I hope we can begin to see why close to 1trn naira has been budgeted for security.

I guess he has been keeping the wrong company!

I can bet that half of the folks kicking against GEJs action will support it if Fashola or Buhari were to be the proponent. I am very sure a man like Fash will definitely take the same action if he were president. It only goes to show that many Nigerians are too blinded by tribalism. Someone said in one thread that we should be called "Triberia". I think he / she has a point.

How can one blame all the age long problems of the nation on GEJ alone and at the same time castigate him for taking an action that will solve a huge chunk of the problem? Only hypocrites do that!

IMHO, my top posters in this section include:
Beaf
Ekt-bear
Danjohn
Aletheia

There are some others but these are the few I can mention now.

I think ekt-bear also contributed very sensibly this year, both as a topic started and as a knowledgeable contributor. I enjoyed debating with him a lot.

It's getting hot in here!

Extremely ridiculous! The title should be "Ghana hopes we will buy power from them by 2015". This is probably because they can see the pathetic situation of our power sector. The FG has never announced such plans or accepted any such proposal. Besides, considering the distance of 9ja from Ghana, the power losses will be monumental.

On the other hand, they can make it happen if a "super power transmission highway" is constructed all the way from Ghana just as we have the West African Gas Pipeline. Ironically, if that happens, it will be like us exporting crude and importing refined products. Such may thrive if companies find such alternative to be more cost effective.

If something like this ever happens, I wonder how shameful it will be.