₦airaland Forum

0lumide:
Export Sugar to where? Dangote can't compete in international market unless he goes and corrupt the government of other  countries,  Also, he can't beat the honest business men across the world who sell quality for cheap without government favours,  Dangote won't survive in Nigeria without the corrupt politics and monopolistic favours he gets,  Take away his political favours and you'll have a business man wannabe as the richest black man, 50% is a better business man than Dangote, 

hehehe

You might not be wrong on bolded (i assume that you mean 50 cent)

How does one create jobs? Or how does this gov't plan on doing so?

370,000 jobs is a lot, especially in a country with no electricity. . .

What exactly will these workers be doing?

You put a lot of effort into a debunking a source (Republic Report) that is basically an Igbo "man gives birth to three-headed dog" sort of tabloid.

Still, I suppose worthwhile to make it crystal clear why nothing they said is of any value.

One of the few times I agree with this Ohaenze organization

Hercules07, I'm not quite sure what the right word is to describe someone like you who sees repeated warning signs about this individual Sanusi but continues to ignore them.

You need to wake up, fast.

KnowAll:
[size=18pt]I did not know there was an election in Bayelsa, you people nah wah oh, una no tell me now,  but I definately heard of the Allocation in Bayelsa but election nobody told me anything[/size].

lol

Central Bank of Nigeria = charity organization?

When did this become part of its mandate?

na wa for this sanusi

Building hotels, wanting to invest in power plant, now donating like the red cross.

Why doesn't he face his job rather than trying to do someone else's?

When did the CBN gain the authority to make donations?

Out of what part of its budget?

efisher:
@ekt bear, I think you may like this idea iff we have more info. They have not said the majors must run these refineries with their own money for free. Remember that FG has about 55% stake in most of these companies.

Nigeria takes a 55% share in the joint ventures, but never puts up any money. Instead it is the foreign oil companies which put up all the cash (which they recoup out of profits.)

It is all about leveraging on them to get what we need. Also, we know that any money (CAPEX and OPEX) spent by the majors is paid back as oil is sold. I can authoritatively tell you that right now, some majors are executing projects on behalf of FG using their staff,  contractors, etc. The question should be "What are the terms?". As I said earlier, under certain terms, the majors will gladly build the refineries and even operate them.

So you don't want to put in any money to do the oil exploration, nor do you want to put in money to refine?

OK, so pass the law forcing the joint venture 55% owned by the FG to build refineries.

Well, how will you pass the law in a way so that the minority shareholder has to spend all his money on refineries and you, the majority guy does not?

This is all nonsense

It isn't an issue of that.

You can pass any law you like (even a law for their CEOs to fight lions), but don't be surprised if they work hard to frustrate you.

Also, I doubt they are hoping to pass this law retroactively. . . you cannot tack on conditions once you've already signed a contract with somebody

Something I attempt to do more frequently these days. Not much of a gentleman, but trying to improve.

Christianity is not a European faith btw.

It is a middle eastern faith that later became the official religion of the Roman Empire.

Europeans sef, many of them today are atheists or agnostics. . .

Na wa o

it is time for me to move back home and collect my own share of the national cake.

1 million barrels disappearing like that?

Let me just have 100,000 and I'll be content. I am not a greedy man

wuuut

I hope the bill also includes a clause for the oil companies to be required to scratch my azz.

And for the CEOs of the oil companies to fight a lion armed with a stick.

For those claiming China and co are also options, this is certainly true. But if you see the way China is polluting their own homeland, are you very sure that you want to invite them to pollute yours?

At least with the Western companies, there is some sense of morality, some basic lines they'd be hesitant to cross.

With the Chinese, anything goes.

Choose wisely.

Anyway, regardless what the bill says, the oil companies can and will drag their feet on building refineries.

How is it possible to force them to build refineries?

Who will supply the billions of dollars to build the refineries?

Wetin concern producer of crude oil with refining of same?

They are entirely separate businesses.

May as well compel them to build roads, power plants, provide security, etc too

Post utme makes sense. Helps root out those who cheated on jamb.

heh.

Landed property seems overrated to me. I'm up nearly 30%+ in about 4 months on apple stock. And this is way less wahala and stress than buying property.

Not to mention the far higher liquidity.

different strokes for different folks, I suppose 

lol

Perhaps the OPs time would be better spent on issues like this: https://www.nairaland.com/nigeria/topic-866603.0.html

Surprising how he never comments on such.

Do you understand that the value of a currency is (mostly) independent of what OBJ does or doesn't do?

If you don't make stuff, the value of your currency falls.

If you make lots of stuff, it rises.

You can do some currency manipulation stuff like China is doing.

But there really isn't much say OBJ had one way or another about the value of the naira (modulo interest rate policy stuff, and various advanced economic policies that I don't know much about)

You are factually incorrect.

US FG gives subsidies and projects to various states.

lmao

If they touch the US ambassador, then their goal truly is the destruction of northern nigeria.

Surely they are not that dumb?

Can you process by zone too? Rank from highest to lowest? Median IGR%?

Also, if you put it on google docs and share the link (making it read only), then no need for anyone to download a spreadsheet (they can view in their browser.)

Got it. Good job. . . glad you put the effort into tracking down those numbers.

Where did you get these #s from?

The other states are on paper participating, but haven't actually had any roads constructed, right?

So how are they in the same category?

"Will" is very different from "already did", especially in Nigeria.