₦airaland Forum

Interesting, lol. That is a bit surprising.

naijababe:
The comment in bold sounds like a consolation/ justification for spending this sort of money on a 'pali'. The boys and girls I mentioned in post aren't stagnant earners, not everyone gets a single digit annual pay rise you know

What industries are they in? What is the chance of them making $500k+/year by the time they are age 35?

I don't know of too many salaried jobs that have this sort of potential. In fact I don't know of any, off the top of my head.

If these folks are on Wall Street (or whatever the equivalent term is in the UK), then fine, I agree. No reason to do MBA. But if they are just guys working for some company somewhere, salaried employees, then I just wonder what their upside really is.

Not a human being. He is a

https://www.fiatplus.com/images/P/A056N.jpg

naijababe:
I'm sorry but anyone who managed to raise 40M just so they can hand it over to a school is not only lazy but stoopid. Unless an IB is planning on starting me on 500k, HBS and their likes can forgerrit

40Milla for fees when boys and girls plenty for Abz city earning £100k+ salaries with MSc from common RGU !!!

The problem though is how do you move up salarywise? If you are content earning 100k pounds or whatever per year for the next decade, then there is probably less reason to go to MBA school. But if you want to become CEO one day of proctor and gamble (or whatever), earning on the order of 1 million+ a year, then I'm not sure it will be so easy without an MBA.

Like it seems all these top guys in management earning the huge bucks all have MBAs. Least this is what I've observed.

Anyway it depends on what your goals are.

SEFAGO:
They rarely loan money to foreign students because they need a US cosigner but there used to be an Access loan for international students.

I see. So most internationals tend to pay cash down (if no cosigner)?

So many scholarships for MBA out there, the main issue is being a top student with top grades and good work experience. You dont have to go to America or the UK (which has like only one really good MBA program anyways), the best programs are in continental Europe.

Is this true? I think even Eurocentric ranking sites will probably have their top 10 dominated by American MBA schools. HBS and Wharton imo >>>>> anything else in the world. At least if it is me I'd rather have my kid/relative go to those over anything else.

asha 80:
see self deceit.

so matchetes and low class guns na wetin dem wan use fight war?

better try and get those weapons and rocket launchers those dare devils thieves in ogun, oyo and osun

If they are truly receiving support from politicians, as the article suggests, then it is very likely that they have more sophisticated weapons than what was revealed.

In poker and in life, you generally don't want to show your hand.

Why are you even responding to Chyz and the rest of these folks?

Are these not the same ones who will run away at the first sign of trouble?

Ignore them, they are irrelevant.

[quote author=~Bluetooth link=topic=820908.msg9724866#msg9724866 date=1323378033]Raising fund for opc shouldnt be a problem.[/quote]Well it looks like OPC in particular is being tacitly supported by the governments of the SW.

So funding will not be a problem.

The fact that they marched unchallenged throughout Lagos should tell you a lot.

All in all, this imo is a good development.

SEFAGO:
If you get accepted the school will also make an effort to make sure you get funded to go there. All these rumor mongers on Nairaland claiming that they dont give scholarships. I am going to meet a friend tomorrow who got a scholarship to HBS and he has a naija passpot.

All una go on being lazy and typing online instead of figuring your life lol

Even if they don't give you any grants/scholarships and all they offer is loans, I still think it is worth it.

[quote author=~Bluetooth link=topic=820908.msg9724726#msg9724726 date=1323376753]If the FG cant do anything about this,then it should just watch while the regions engage themselves and solve the problem by themselves.boko harams cannot continue to kill yorubas in the north and their own people are spared in yorubaland.Do me i do you,God no go vex ![/quote]I agree with you man. Like I said, I feel bad about it, but it probably is necessary.

[quote author=~Bluetooth link=topic=820908.msg9724632#msg9724632 date=1323375948]Dont entertain any fear.let them bomb and we will retaliate by killing every hausa/fulanis in lagos and other SW states.[/quote]That is the implicit concern this journalist is raising. It would be very unfortunate, as probably 99% of these H-Fs would have nothing to do with BH.

However that is life I suppose.

There are obviously many paths to success. . . no one is saying that the only way to succeed is Harvard MBA.

But imo, if you apply and get in, you pretty much have to go.

Gbawe:
The headache ( vis a vis  disincentive to investment) that will be thrown up by the Government desire to set Tariffs for State capable of satisfying their own generational need, will mean , in the end, Government will logically have to retreat and allow States to set their own tariffs. It is something we don't have to worry about because common economic sense will prevail.

When has common economic sense ever prevailed in Nigeria?

Anyway, I'm not too optimistic any more, if states won't be able to set their own tariffs.

It will mean states will need to sell electricity at a loss. Which none of them likely are keen on doing. . .

Well, maybe they can be convinced to sell at a loss and make up the money through increased taxation on other things

Or maybe they can creatively charge a monthly "connection to the state grid fee", and set the value high enough so that they break even. I don't know. . .

Yeah it is pretty worth it, from what I've seen and heard. Harvard MBAs get pretty nice jobs. . . $200k+/year after MBA (N30 million/year) is not unheard of.

Plus it opens a lot of doors for the future, in terms of connections you make and people you meet.

Though I know people who've studied much less expensive masters level courses there and also gotten pretty sweet jobs in the business world.

I can't remember that much but I can only remember that we were sent on a mission abroad and when we got to Bulgaria or somewhere in
Europe, we had a meeting to solicit support for Biafra. At the meeting they said if they support Biafra, it would mean the emergence of
another Japan and that one Japan was already too much for Europe and so, that they could not afford to support Biafra and that they would
rather support Nigeria.

By that they were equating Biafra to Japan because they already saw the potentials for Biafra to emerge as big as Japan if they succeeded
in seceding out of Nigeria and they said it would be too much for Europe if it happened. That was it.

lmao

see delusion

I don't even see the attraction a grown man can have for a pre-pubescent 11 year old girl.

Raping anyone is bad of course, but a little kid?

I'm about as physically attracted to little kids as I am to cars or bikes.

Must be mental illness of some sort.

A good development.

Toks2008:
If that will raise the standard then so be it.

Haba guys, look arouns you and you will see why this increment is so vital. See guys, im not just posting my opinion but i am making these comments from personal experience.

I graduated with a bachelor's degree in this same school 14yrs back having stidied Microbiology. Do you know that i never set my eyes on Electron microscope through out my 4yr course?

It is always strike every now and then and many of us will stand all through to recieve GNS lecture and we had inadequate lecture halls and i can continue to write on so many inadequacies so why can't we just raise this standard a little.

ACN gives free education from primary to secondary level and decides to hands off tertiary education funding so what.

I believe if the government can implement a flexible mode of payment i believe a pepper seller can afford to pay 250k withing 5/6months peiod.

Lets not be hypocritical here cos i knw that many of use will rather prefer to send our children to the western countries to bag a degree not minding the millions of naira they will spend. Nonsense.

I paid N90 through out my 4yr stay and i saw the rot and low standard of education so please lets make a change.

If you have 4 children that are qualified to for a tertiary education, send one  there and let the rest wait or take up vocational jobs in order to save up.

Education is not cheap and this is why No nigerian universities make up top best 50 in world ranking

+100

See wisdom!

13volts:
Just like in politics an average hausaman sees another hausaman as his brother in respective of which state they come from. this explain why any hausaman can migrate and settle in any core northern state and he expect to be accepted. to them they dont see anything wrong for Kano To Build N100M Hostel In Sokoto For Usman Danfodiyo University.

That I don't think is relevant. The Kano State budget should first be spent on helping Kano State. You cannot take food from the mouth of your hungry children and give it to your brother's child, no matter how much you love your brother. Your first priority must be your own children first. If there is excess, then sure, help your brother.

But Kano State is not a state with excess. . .

^-- If the FG is setting the price at which these IPPs can sell electricity, then the IPPs will (mostly) fail.

Unfortunate

I'd be pissed about this if I were a Kano indigene. Taking public funds and spending it on other states makes no sense.

Nigeria: Kano to Build N100 Million Hostel for Usmanu Danfodiyo University

Rakiya A. Muhammad 6 December 2011
Sokoto — The Kano State government has pledged to build a hostel worth N100million for the Usmanu Danfodiyo University, Sokoto. A delegation of the Kano State government led by the Commissioner for Information, Internal Affairs, Youth, Sports and Culture, Dr.Umar Farouq Jubril, said the gesture was aimed at supporting the university.

He said the delegation' s visit to Sokoto was sequel to the visit by UDUS Vice Chancellor, Professor Risqua Arabu Shehu to the Kano State governor about two months ago to solicit his support towards improving the standard of infrastructure at the university campus.

"Immediately the request was made, my governor promised that some of them would be tackled immediately, especially the one at the centre of it all, accommodation," he said.

He said the hostel would be a storey building, that would be capable of accommodating between 265 and 350 students.

Responding, the Vice-Chancellor of the university, Professor Risqua Arabu Shehu expressed gratitude for the gesture, adding that it was an indication that the governor believes that education is the bedrock of development.

He reiterated the readiness of the university to collaborate with the state government to improve the quality of education in the state.

http://allafrica.com/stories/printable/201112060852.html

^-- Cosign on scrapping of the monarchy.

asorocker:
With this budget Akwa Ibom , River State, Bayelsa and Delta have moved from3rd world states to 1st world states

wtf?

Zimbabwe as well.

Or is the Akwa Ibom budget and good fiscal management going to improve the lot of states like Bayelsa which are terribly run?

lol

Hehe

My hope is that natural gas will somehow be mostly or entirely "resource controlled."

If the states which produce gas fully control the revenue from it, then there is no incentive for any gas disruptions.

Meaning that states which seek to industrialize (in particular, the SW states) can achieve their goal.

The most interesting thing about natural gas to me is not the money you make from selling it, but the stuff you can make/manufacture once you buy it. . .

I also hope that we protect ourselves a bit by exploring alternate fuel sources, so we aren't fully dependent on ND gas. Kogi State seems to have a ton of coal, for example.

Amazing if this actually happens. Sounds too good to be true, almost. . .

Us Agency Partners Oando Gas & Power On Infrastructure Development

WEDNESDAY, 07 DECEMBER 2011 09:23 OLUSOLA BELLO ENERGY EDITOR   

Determined to boost  economic  activities in the south- western part of the country,  Oando Gas and Power Limited (OG&P),  an indigenous natural gas distribution and captive power solutions company, and a subsidiary of Oando PLC, has entered into agreement with the United States Trade and Development Agency (USTDA), to jointly fund a feasibility study toward the development of an interstate natural gas transportation pipeline from the Excravos-Lagos Pipeline System to other South West states.

The action will spur other economic activities that are capable of creating more jobs and could also lead power generation in some of the states. The study will evaluate technical and economic considerations for the development of a natural gas pipeline originating in Sagamu in Ogun State and passing throughIbadan ( Oyo State ) and Ilorin ( Kwara State ) before terminating at Jebba, Kwara State.

The pipeline will also have extensions to the adjacent states of Osun and Ekiti. The supply of natural gas to the South-West States will provide an opportunity for industries in the region to access a cheaper, reliable and cleaner fuel that will boost power generation and economic growth through increased industrialisation. This development is in line with the current drive by the Nigerian National Petroleum Corporation (NNPC) to boost domestic gas supply under the Nigerian Gas Master Plan.

The agreement was signed on behalf of Oando Gas and Power by Bolaji Osunsanya, the company’s chief executive officer, while the United States Consular General toNigeria, John Stafford, signed for the USTDA, at an official signing ceremony hosted by the US Consular General in Lagos, recently.

Commenting on the partnership, Osunsanya, stated: “The USTDA assistance provides the much desired boost to our aspiration to develop the Nigerian Gas Grid and in so doing, support the Federal Government in achieving its gas revolution agenda.”  Commenting further, he said: “Oando Gas and Power continues to seek opportunities to expand our gas infrastructure to reach industries through our pipeline distribution grid and our Compressed Natural Gas (CNG) stations.”

Also commenting, Stafford stated: “The US Trade and Development Agency (USTDA) is pleased to partner Oando Gas and Power Limited on this important project, which will be of mutual economic benefit to the United States and Nigeria, and will serve to facilitate trade and strengthen our countries’ economic ties.”

http://www.businessdayonline.com/NG/index.php/gas/30595-us-agency-partners-oando-gas-a-power-on-infrastructure-development-

Initially I thought that the right thing to do is for residents of Ogun who work in Lagos to pay tax to Ogun. But now that I think about it more, this really doesn't make much sense.

Ogun should be able to tax the income of workers who earn their daily bread in Ogun, but not those who do so in Lagos. If I live in Ogun and earn $1 billion/year in Lagos, Ogun had absolutely nothing to do with me earning that money, so has no real right to ask for a share.

Anyway I'm sure they'll resolve it amicably.

Ogun says its residents who work in Lagos should tell their companies to remit their taxes to Ogun, not Lagos
ARTICLE | DECEMBER 7, 2011 - 5:33AM | BY EMMANUEL CHIDIOGO

Tax experts have advised the Joint Tax Board (JTB) to immediately resolve the ongoing tax crisis between the Lagos and Ogun State governments to avoid its escalation.

Speaking in Lagos, the experts noted that the dispute could degenerate if a solution was not proffered immediately.

They advised the JTB to create inter-agency relationship among the internal revenue services of the different states.

It will be recalled that recently, the Ogun State Government directed people who reside in the state but work in Lagos, to stop paying their personal income taxes to Lagos State.

Sunday Jegede, President of the Chartered Institute of Taxation of Nigeria (CITN), said the issue was complicated because Personal Income Tax Act (PITA) 1993 provided the framework for the assessment of income tax on residence, depending on the income and employment.

He also pointed out that Lagos and Ogun were not the only states involved in the tax jurisdiction conflict.

“There are also disputes between Niger, Nasarawa and other states sharing boundaries with the Federal Capital Territory (FTC), Abuja,” he said.

According to him, the determination of fiscal residence is complex and confusing, and has created more conflicts among tax authorities and individuals than any other provision of PITA.

Jegede, who is also president of President of Association of African Tax Institutes (AATI), said that fiscal residence was determined by the principal place of residence of the tax payer on January 1 of the year of assessment or the day the employment starts.

Prince Kunle Quadri, immediate past President Chartered Institute of Taxation of Nigeria (CITN), said that all tax disputes should be referred to the JTB.

He noted that the Ogun State Government has a legal right to demand taxes from its residents working in Lagos state.

Quadri, also the president of West African Union of Tax Institute (WAUTI), said that the affected persons might be subjected to double taxation because of the clumsiness of tax system in Nigeria.

Chukwuemeka Eze, a lawyer and Chairman of Ikeja District Society of CITN, said it was unlawful for residents of Agbara, Akute, Agbado, Sango, Ojodu, Isheri and Ibafo towns in Ogun, who work in Lagos State, to regard themselves as Lagos residents.

He said that the Ogun Government had not known peace since it decided to apply the PITA strictly, adding that workers had embarked on a warning strike because of the mode of calculation of the taxable income under Governor Ibikunle Amosun.

Eze said that the solution depended on the recommendation of the National Tax Policy that tax payers be registered and issued with a Unique Tax Identification Number (U-TIN) throughout the country.

“It is envisaged that a technologically-driven database will be created to make it easy for each board of internal revenue to access taxpayers whether in Ogun, Lagos or any other state of the federation,” he said.

In his opinion, it was not practical for any internal revenue service to apply provisions that dealt with set-offs, payment and re-payment of income tax already collected.

Eze also said that PITA had been criticised by many academic scholars due to its obnoxious provisions, lack of simplicity, clarity and flexibility.

Abayomi Ogunjimi, a former chairman of Amuwo district of ICAN corroborated the stance of other professionals.

He urged employers to design forms to be filled by employees, indicating their place of residence, so that taxes deducted could be remitted to the appropriate authority.

“It is assumed that the state will use the tax to provide social amenities which you will enjoy in your residence,” he said.

http://dailytimes.com.ng/article/resolve-tax-crisis-between-ogun-and-lagos-experts

Bayelsa also has plenty of oil money and a tiny population.

Having oil money is not enough. You also have to have good leadership.

Some will use oil money as an excuse to do 80% recurrent. Instead Akpabio is doing 20%. . .

He isn't embarking on cheap useless populist ventures like free this, free that, free amala, etc, etc. Instead he is investing in the future of his people.

[size=1pt](for any pedants, I realize that he is actually doing less than 20%.)[/size]

It has already been explained over and over why this is a good idea.

I understand that it might not make sense if you've not seen the concept before or had anyone explain it to you, but at this point it should be pretty straightforward.

Use the rich to subsidize everyone else, and you'll have a nice university.

I hope that this Zuma Energy Limited Nigeria is for real. . . 1200 MW would be amazing.

ceomike:
In the budget outlay, N66.244 billion is for recurrent expenditure.  About N330.897 billion is for capital expenditure, representing a recurrent capital ratio of 1:5.

There will be a time when Akwa Ibom State is the most developed in all of Nigeria, if those who govern after Akpabio follow in his footsteps.