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Ektbear's Posts

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Politics › Re: Andy Uba And The Epidemic Of Fakery In Nigeria by ektbear: 10:17am On May 30, 2011
damn. epidemic of fakery, indeed.
Politics › Re: UN's "3 Baby Plan" For Nigerian Families by ektbear: 6:58am On May 30, 2011
Too many kids in this day and age is a bad idea unless one is very wealthy
Politics › Re: I Think Nairaland Has Been Tough On " Akala" Of Oyo State As He Bows Out Today by ektbear: 5:14am On May 30, 2011
KnowAll:
b]Yeah, I got the Lagos figure wrong, but I knew it was above 100 billion Naira, I just use that figure figuratively, it makes no difference thus, it is still a huge sum[/b]. undecided
err, wtf?

What does huge mean in this context? Huge relative to what. . . ?

Relative to the size of Lagos's economy or revenue, it is not. Per capita, also small. So I dunno what you are talking about
Politics › Re: True Federalism: The Real Path To A Secured Future In Nigeria! by ektbear: 4:40am On May 30, 2011
Although resource control (i.e., jacking up the derivation formula from 13% to something much higher) is an entirely different matter than this federalism proposal of the Governors Forum and others, I'm not opposed to it.

However, if you want to practically do this, then it should be spaced out over a 20 or 30 year period of time (in my opinion.)

And if there is resource control, then there may as well be control over local ports, roads, etc (50%+ of Nigeria's containers are imported through Lagos, yet Lagos doesn't get to derive revenue from these imports directly.) And I want to see the territorial waters law expanded fully out, so states like Ondo can derive the full benefit of resources in their territorial waters but which the FG is currently taking the lion's share of.
Politics › Re: True Federalism: The Real Path To A Secured Future In Nigeria! by ektbear: 4:32am On May 30, 2011
[quote author=alj_harem link=topic=678393.msg8417747#msg8417747 date=1306725827]trust me once tinubu gets involved that's it

the guy is a regressive

concerning fedralism, then i wish jonathan can do it if he truly care about nigeria, ND and SE[/quote]It is kind of unfortunate that Tinubu has such a bad reputation. If he tells you it is raining outside and water starts splashing on your head, I wonder if people will think it is a trick  undecided

Look, it is sort of obvious that a situation in which:
A) The FG consumes 50%+ of Nigeria's government revenue
B) A large portion of this 50%+ is spent on recurrent expenditure
C) The FG mandating policies from above w/o taking into account differences between states (this minimum wage being a great example)

Is just not a great way to run a country or cause it to grow.

And in addition to slowing down the progress and growth of the country as a whole, by placing so many resources at the center, you encourage corruption and make national politics a do or die affair.

I understand that others also additionally want greater resource control. Which is a fine thing to want. . . but kind of orthogonal to this proposal by the Governors Forum, ACN, etc.
Politics › Re: Nigerian Woman Shot Dead By German Police Over Welfare Allowance by ektbear: 4:23am On May 30, 2011
She was causing a scene, then when the police came she stabbed one of 'em. Unfortunate that she died, but it was her fault.
Politics › Re: True Federalism: The Real Path To A Secured Future In Nigeria! by ektbear: 4:19am On May 30, 2011
And in case it isn't clear. . . Tinubu is not the only one calling for this. Fashola is, the ACN is, Peter Obi of Anambra is, and the largely PDP governors forum is also in support of it.

Your own state's governor thinks it is a good idea.

So let's not try to spin this as some sectarian plot.
Politics › Re: True Federalism: The Real Path To A Secured Future In Nigeria! by ektbear: 4:14am On May 30, 2011
I'm a fan of this federalism proposal. They've done well by getting the governors forum and its members behind it. Hopefully it comes to pass.
Business › Re: Lagos Generates N3bn From Property Tax In 2010 by ektbear(op): 1:40am On May 30, 2011
A good development.
Business › Lagos Generates N3bn From Property Tax In 2010 by ektbear(op): 1:39am On May 30, 2011
on MAY 30, 2011 · in FINANCE

The Lagos State Government generated N3.02 billion through property taxation in 2010 under the Land Use Charge.

Commissioner for Finance, Mr. Rotimi Oyekan, who stated this while reviewing the activities of his ministry in the last one year, said that the amount was an improvement on N2 billion and N500 million generated in 2009 and 2008 respectively.

“The Land Use Charge came into being as a result of government desire to harmonise four different previously existing land charges into one charge_ The Land Use Charge. The old charges included tenement rate, developmental Charges, ground rent and neighborhood improvement charges,” he stated.

The commissioner said that the ministry had almost completed its assessment of all properties in the state. “The implication is that all properties in Lagos State will get their Land Use Charge notices by the end of the year and by the end of each year.”

He also disclosed that the state had been paying the monthly salaries of its employees promptly, adding that with the implementation of the new minimum wage, the wage bill of the state currently stands at N5.4 billion, while N251 million goes for pension bills. “Let me also add that the state government share and the workers’ contribution to the contributory pension scheme has been consistent and up to date with no arrears whatsoever,” he said.

Oyekan added that the state had also paid N1.3 billion to retirement savings account of 322 retirees of the state in order to ensure that the retirees accessed their terminal benefits in record time.

http://www.vanguardngr.com/2011/05/lagos-generates-n3bn-from-property-tax-in-2010/
Politics › Re: Celebrate Nigeria's Diversity - Posters' Rich Diversities. by ektbear: 1:50pm On May 29, 2011
^-- Hmm, interesting. I guess makes sense. . . talk online cannot come in a vacuum. Has to be a reflection of the thought process of a large fraction of 'em in RL.

Oh well, not the end of the world

lmao @ your sig
Politics › Re: Electricity For Nigeria: Can Jonathan Deliver? by ektbear: 1:32pm On May 29, 2011
sad
Politics › Re: GEJ Campaign Asked The Economist Magazine For "contribution" by ektbear: 1:31pm On May 29, 2011
lmao

So did they pay the bribe or not? grin grin grin
Politics › Re: Nigeria Needs Total Restructuring To Achieve Economic Growth - Soludo by ektbear: 1:30pm On May 29, 2011
Most of what he says is obvious and correct. Question is, is there the political will to push through these changes?
Politics › Re: I Think Nairaland Has Been Tough On " Akala" Of Oyo State As He Bows Out Today by ektbear: 1:28pm On May 29, 2011
First, Lagos is not N154 billion in debt. It is N124. Second, no one has to borrow in life. . . but this limits whats you can accomplish and how quickly you can grow.
Politics › Re: Us Government To Partner With Lagos by ektbear(op): 1:24pm On May 29, 2011
Eko Ile:
This is really pathetic, I can't believe many people are so mentally challenged and philosophically warped and backward.


God please help Nigeria if this is all we have left as leaders of tomorrow because these lousy thinking people can even lead a dog house with their silly mentality,
+1

God forbid that some of these folks ever get into political power. They'd probably have turned down the loan that Lagos got from the World Bank at 5 or 6% and instead borrowed from a Nigerian bank at 23%, out of fear of the white man and the "imperialist" West  grin

Talk about cutting off your nose to spite your face. . .
Politics › Re: Lagos Brt Buses Are Gradually Turning Into Molue, With No Remedy In Sight by ektbear: 1:21pm On May 29, 2011
I don't understand the long rant over one bad bus ride. Call whoever owns it and tell them specifically what needed to the replaced. How could she write such a long screed w/o even telling us what the problem was. A seat torn needing to be fixed? Pain job? Engine problem?

Lmao, I dunno how Nigerians reason sometimes. . . if something needs to be fixed, reporting it and being specific is often more useful than essays about industrialization and refineries

Nice job editorializing and over-dramatizing btw, OP. Smh at these folks with agendas. . .
Politics › Re: Echoes: Norway, Nigeria And The Lessons Of Oil by ektbear(op): 4:00am On May 29, 2011
t
Politics › Re: Celebrate Nigeria's Diversity - Posters' Rich Diversities. by ektbear: 3:43am On May 29, 2011
I met some pretty damn cool Igbo folk today. As much as we talk crap to each other on this NL Politics section, one love outside of it and in real life.
Politics › Re: Us Government To Partner With Lagos by ektbear(op): 7:38pm On May 28, 2011
^-- Fashola is looking for investment. Electricity, factories, etc. Not loans
Politics › Re: Us Government To Partner With Lagos by ektbear(op): 7:04pm On May 28, 2011
@playmode: Never been sold on this anti-Americanism of yours. . . they look out for themselves #1, but that doesn't mean we cannot find something mutually beneficial.

Life isn't a zero-sum game.

In any case, we don't really have a choice. We need the investment to create jobs and spur growth
Politics › Re: After Massacres, Anger In Nigeria's North by ektbear(op): 6:38pm On May 28, 2011
North is working the media like mad trying to play victim
Politics › After Massacres, Anger In Nigeria's North by ektbear(op): 6:37pm On May 28, 2011
KADUNA, Nigeria — The veiled woman at a camp housing thousands of displaced on the dusty outskirts of this northern Nigerian city tries to explain how her husband was killed, but becomes faint and backs away.

"He said whatever happened we should not go out, that we should just be patient," 67-year-old Talle Musa said as she described taking refuge in a neighbour's house when riots broke out last month in her town of Zonkwa.

"We didn't know it was like his farewell to us."

It has been more than a month since deadly riots spread across the mainly Muslim north of Nigeria following the country's presidential election, leaving some 800 people hacked, burnt or shot to death over the course of three days.

Piles of unidentified bodies have been cleared off the floor of a morgue in Kaduna and buried in mass graves, the displaced have been steadily leaving camps, and President Goodluck Jonathan is due to be sworn in on Sunday.

But deep anger and hurt remain in the north, poorer and less educated than the oil-producing south, and Jonathan, a southern Christian, faces a daunting task in healing divisions in Africa's most populous nation.
Continued here:
http://www.google.com/hostednews/afp/article/ALeqM5h7287P7HelHJK4LwhtLvD4Si1o1A?docId=CNG.3e4523be8174aad5876a3562139040b8.281

In some parts of the north's countryside, dams along rivers provide irrigation that feeds burgeoning farms of tomatoes, onion and maize, baobab trees standing tall in the breeze.

But in other areas of this region on the edge of the Sahara, dust rises like steam, rubbish piles up along the roadsides and young people say they cannot find a proper job.
Politics › Re: Us Government To Partner With Lagos by ektbear(op): 5:55pm On May 28, 2011
This is a partnership/alliance that I welcome.

Related article on PM News: http://pmnewsnigeria.com/2011/05/27/gov-fashola-receives-us-ambassador-to-nigeria/
Politics › Us Government To Partner With Lagos by ektbear(op): 5:54pm On May 28, 2011
US to expand business interest in Nigeria
FRIDAY, 27 MAY 2011 17:05 JOSHUA BASSEY   

United States of America (USA) ambassador to Nigeria Terence McCulley says the success recorded in Nigeria’s general elections has boosted her international rating and the US business community looks towards expanding its business interest in the country. He also mentioned the readiness of the US to partner with the Lagos State government in the area of job creation, improved security and the fight against the HIV/AIDS scourge.

McCulley, who spoke with journalists shortly after a closed-door meeting with Governor Babatunde Fashola at the State House, Ikeja, said the US’ decision to partner Lagos is informed by the strategic position of the state in sub-Saharan Africa.

He said the United States is encouraged by the fact that democracy is taking its root in Nigeria as evidenced by the recent elections which he described as “one of the freest in Nigeria’s history.”
http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/22178-us-to-expand-business-interest-in-nigeria
Politics › Re: Efcc Discovers $1 Billion In Bankole's Proxy Account In UBA by ektbear: 5:38pm On May 28, 2011
$1 billion?

All I can say is "wow"
Politics › Echoes: Norway, Nigeria And The Lessons Of Oil by ektbear(op): 5:34pm On May 28, 2011
Echoes: Norway, Nigeria and the Lessons of Oil
By John Campbell - May 27, 2011

When I was serving in Nigeria as U.S. ambassador, I once asked a Norwegian diplomat a seemingly simple question: Who became rich from oil in his country? He replied, "Nobody and everybody."

He then described how Norwegians use oil revenue to lift all boats over the long term. I asked him where rich Norwegians actually made their money. He replied, "Oh, shipping, banking and timber -- you know, the modern economy."

Norway developed prudent strategies and institutions to avoid injecting oil revenue directly into its economy. And, apropos of this week's discussion on the Echoes blog, they offer some economic lessons that the Arab Spring countries might heed as they transition toward democracy.

Norway, like most Middle Eastern countries, has a sovereign wealth fund, called the Government Pension Fund of Norway. Unlike some other sovereign funds, Norway's is characterized by a high degree of transparency and its managers are directly accountable to democratic institutions. Norway has also led the global effort to increase transparency in natural-resource economies. In 2010, it became the first country in the Organization for Economic Cooperation and Development to publish its oil-revenue figures as part of the Extractive Industries Transparency Initiative, a coalition of governments, companies and civil groups that aims to strengthen governance in the natural-resources industry.

This success has been underpinned by political will, the rule of law and developed democratic institutions. As a result, Norway has climbed to the top of the human-development indexes -- and avoided the "Dutch disease" at the same time.

Certainly the experience of Norway can't be exactly replicated elsewhere, especially since it benefitted from having strong democratic institutions long before oil was discovered. Nevertheless, the Middle East and other "oil curse" states might be able to adopt its political and economic strategies, in particular its emphasis on revenue transparency, diversified investment for long-term goals, and public accountability.

By contrast, Nigeria is a cautionary example of the oil curse's destructive impact. When it became independent in 1960, Nigeria had a level of development that was often compared to that of Thailand or Malaysia. It was the breadbasket of West Africa with a vibrant manufacturing industry. But an overemphasis on the oil sector, as well as widespread corruption, starved other parts of the economy. Now Nigeria imports food and gasoline, its manufacturing sector is mostly moribund and it has fallen almost to the bottom of most development indexes.

At the end of the 1967-70 civil war, Nigeria's oil came on stream in a big way, generating state revenue of previously unimaginable proportions, but without the public and private institutions necessary to control it. Alas, coups and the war had militarized governance. Since oil belonged to the state, holding public office became the route to riches. This confluence of the militarization of political life and the arrival of oil riches fostered a dysfunctional political economy that has endured.

Norway’s example would suggest that countries in the Middle East and Persian Gulf can avoid Nigeria’s situation by increased transparency in the conduct of their national oil companies and the establishment of mechanisms by which the entire population -- including immigrants and guest workers -- would benefit from resource revenue over the long term.

That way, nobody and everybody benefits.

(John Campbell is the Ralph Bunche senior fellow for Africa policy studies at the Council on Foreign Relations, and the former United States ambassador to Nigeria. He is the author of "Nigeria: Dancing on the Brink."wink

http://www.bloomberg.com/news/2011-05-27/echoes-norway-nigeria-and-the-lessons-of-oil.html
Business › Re: Lagos State Plans 114MW Power Plant: Fashola Does It Again by ektbear: 5:26pm On May 28, 2011
^- How exactly do you make money from these pictures you keep posting? I've noticed that you'll just post those flags in any threads that make the front page. But I've not yet figured out why you do it (I'm guessing money)
Business › Re: London Retailer Shop Adopts Hausa Language To Woo Customers by ektbear(op): 5:03pm On May 28, 2011
phreakabit:
I am the speaker of for Hausa people mans. We are all say:

1, Western Education?  Boko Haram!!!

2, Western Civilization?  Boko Haram!!!!

3, Western Sex education and Awareness? Boko Boko Haram!!!!!!!!!!

4, Western looting and Corruption? Silence. . . . . . . . . .
roflmao @ "Boko Boko"
Programming › Re: Which Programing Language Is Best To Start With by ektbear: 4:42pm On May 28, 2011
BizBooks:
I used an example whereby VB produces a message box that says "Hello World" when you click a button. I guess what I'm trying to find out is: how many lines of code it will require for Python to produce a message box that says "Hello World" when a button is clicked. I know in Javascript, a message box is called an Alert. I don't know what it is called in Python.
I'm not a python guy, but it appears to be pretty simple in Python too: http://en.wikibooks.org/wiki/Python_Programming/PyQt4

7 lines of code.
Programming › Re: Simple Code Challenge: C#, Java, C, C++ by ektbear: 4:40pm On May 28, 2011
^-- thanks. kind of a dabbler in lots of things, expert in almost none of them smiley
Business › Re: Lagos State Plans 114MW Power Plant: Fashola Does It Again by ektbear: 4:21pm On May 28, 2011
dollypi:
I don't understand what the upwards review of the prices have got to do with privatization. The investors into the telecommunications sector didn't have to be wooed by how profitable NITEL was. The need was there, and that IMHO is what is most important.

For crying out loud, if the amount every Nigerian pays to fuel generator sets is not enough indication of how profitable it can be for investors, I don't know what else will convince them.
Read this post: https://www.nairaland.com/nigeria/topic-663363.64.html#msg8290913

Hopefully now clear why tariff must be increased.

manny4life:
@ekt-bear

IMO I am not disputing privatization, in fact I'm all for privatizing the industry but keep in mind that without a better reform such as delegating the power to regulate power to states will cause a lot of confusion. Even with privatization, it will cost tens of billions of dollars of private money just to bring certain states like Lagos up to per. Also, states do not have power to regulate commerce which might prompt certain states to roll solo like Lagos is doing regardless of private or not. Just because Lagos needs 20k MW to be power stable does not mean that a state with 30% population of Lagos need 20k MW.  Now if you have states making that decision, states have the prerogative to determine if they want the power sector in their states privatized or not. States can determines how they wish to centralize their service, et al.
I'd prefer for regulation to be on a per state basis too. There is no real reason for the price of electricity to be fixed from above by the FG. You'd expect that in some states it should be cheaper than others.

But I guess for now we'll have to take what we can get.

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