₦airaland Forum

Akpabio must have really pissed off a lot of people for so many to have joined the ACN. Wasn't he theoretically supposed to be one of those performing governors?

This thread. . .

That is a very sad story. Why is the mother selling her daughter off like a cow, anyway

Never really heard about this type of stuff before in naija.

He basically meant "rough sex", but used the word rape.

Anyway, it was pretty much a dumb thing to do. No real way to defend it. . . disrespectful to her, the girl who walked by, and even him.

Cannot really be too mad at her. There is no downside to having dual citizenship. Since there is no risk, why not do it? A pretty good insurance policy.

God bless Cameroon. That ain't bad at all.

I'm very much wondering what killed her.

Nothing wrong with interracial relationships

^-- Hrm, looks like CCECC=China Civil Engineering Construction Corporation.

I wish we had our own indigenous construction giant

jensinmi:
As of today, very few Foreign Investors will be interested in pouring their billions into a place they consider unstable, like Nigeria.

This I disagree with. They would LOVE to pour money into it. . . if there were profit to be made. Right now, there is no profit to be made. . . due to existing government regulation.

Instability didn't prevent Nestle (or whatever chocolate company it was) from building a factory in Ogun, did it?

we still have to invest in Power distribution. We stil have to invest in means of getting coal, gas, or whatever we'll be using to the nearest and farthest power stations.

Ultimately, I don't want it to be "we" focused. I want it to be private industry looking to make a profit. I think implicitly you are assuming heavy FG/state involvement. . . ? I do agree, the more involved the government is, the less likely we will reach the goals.

Suppose Ekiti State tells an investor, "spend $Y billion on this power plant, and you'll make $0.03 in profit per kWh you sell", then I think that is an EXTREMELY compelling story. One that will allow you to get all the investment necessary to rapidly power the entire state in under 2 years.

Right now our story is, "come spend $Y billion on independent power projects, and you'll break even only if the FG continues supplying you with subsidized natural gas. Otherwise, you'll lose 6 cents for every kWh of energy you sell."

It is hard to get people to invest if there is no profit, and easy to get them to invest if there is profit.

@jensinmi:

Take a look at this for example: http://www.powergenworldwide.com/index/display/articledisplay/8180768768/articles/powergenworldwide/gas-generation/combined-cycle/2011/03/Shaw-CCGP-builds.html

Under 2 years to build a new 620 MW gas plant. A plant like this would completely solve Ekiti State's power needs at least for the next few years.

If the federal government can give us the above regulatory structure, we could call (for example) Reliant Energy (the energy provider we use in Houston), concession it off to them. In two years flat, you have enough electricity to power all of Ekiti State. The caveat of course is that consumers in Ekiti will have to pay full cost for the electricity (probably around 15 cents per kWh) rather than the 4 cents they currently pay.

(I know that in practice we'd probably not locate a gas plant directly in the state, since there isn't a pipeline nearby, and LNG might be a hassle to get. In reality, we might partner with Ogun (gas pipeline there), one of the ND states (gas pipeline there) or Kogi (abundant coal.) But this illustrates how it shouldn't be more than a two year project, if we puts our minds to it.)

You don't think that if:

A) it is privatized
B) Decentralized (i.e., rather than focusing on a national grid, more focus on regional ones)
C) Price of electricity is deregulated (i.e., seller can set whatever price they want)

we won't be able to achieve 100 GW in 10 years?

Under the above conditions, then an American power company can profitably spend $5 billion on power plants, and know that he will be able to make his profit.

It doesn't really take that much time to build and set up the infrastructure, if there is profit once you finish. China was building 2 coal plants per week back in 2007. I think in the SW, if you give us the above conditions we can supply all our power needs in under a decade.

Am I wrong? If so, why?

The problem I have with his strategy is that these #s are clearly false. If Ibadan is not 80%+ Yoruba, I'd be surprised.

If Kano is not 80%+ Hausa, I'd be surprised.

Imagine if you are an indigene of those towns, election results are released saying that GEJ won overwhelmingly. And he justifies it by saying that Kano is 40% Igbo.

What do you think the outcome will be?

Dude is playing with fire.

I think the best place to be this election period is in your village. . . at least GEJ won't claim that your village is populated by 60% non-indigenes, lol.

alj harem:
In his Ibadan rally, [size=14pt]the president pointed out that the number of non-Yorubas outweighs the Yorubas in the place; a tacit way of making an ethnic appeal against Yorubas’ voting strength[/size].

Less than 50% of the population of Ibadan is Yoruba? I'm surprised Goodluck wasn't stoned.

What exactly is he trying to do here? Civil war?

^-- Sometimes the way people reason makes me wonder. . .

I don't have a bias against people who did all their schooling in Nigeria. My parents went to Ife and are smarter than 99% of people. Would be silly for me to look down on them just because of the country in which they went to school.

I like Soludo not because of his international experience, but because of his intelligence and competence. You should read some of his stuff on the CBN website.

His writings seems more weighty than say Sanusi's, imo.

If he weren't so clearly on Team Anambra/Team Igbo, I'd want to poach him for my team.

^-- Evidence for Soludo having stolen money? He did something slightly shady I thought, but not outright stealing of money. . . ?

Or am I wrong?

Soludo is genuinely good, I've been a fan of him (for the most part) for a while now. I'd love to have him on my team any day.

Same with Iweala.

Even if some think I'm a tribalist, I'm not enough of one to reject talented people 

The most striking thing to me about that article is how Yar'Adua appointed his cousins, a bunch of random other incompetent cronies to prominent positions.

How does one expect to run a country like that. . . ?

Interesting that such a prominent figure casts doubts on the polls. . . and reveals that this is part of the Obasanjo playbook (to hoodwink international organizations.)

17:39 pm: Seven hours and 24 minutes after it left Lagos, the train arrives at the Ibadan railway station

12:48pm: Three hours into the journey, train leaves Itori station for Abeokuta. There had been stops at every station along the way.

13:00pm: Train stops at the popular Wasinmi railway station. Excited townspeople trooped to the station to catch sight of the train

13:50pm: Train now at the Aro railway station, Abeokuta. There is a functional Nigerian Railways Corporation residential quarters here, with many staff of the corporation still living there

7.5 hours from Lagos to Ibadan? 4 hours from Lagos to Abeokuta?

Toooo slow

@OP: Let's gbadun this oil until the SW is industrialized. At that point, we can re-evaluate our options. Timing is very important. Now is not the time. 15 to 30 years from now, things might be different.

alex101:
@ 1st bolded, since you don't want to leave nigeria, will you in any 'form, shape, or capacity' help those like say Ijaw that desire to leave?

For a price. Nothing comes for free on this planet. And it shouldn't be hard to guess what that price will be 

@ 2nd bolded, regarding electric cars, I know they are expensive at the moment, but in the later part of this century-say 2030, they will be affordable by everybody that wants one

Nah, I'm pretty skeptical. They said the same thing about solar energy and artificial intelligence 30 years ago. Neither really panned out.

The fundamental constraint is the energy density of batteries. There are probably just some physical limitations on how efficient a batter can be. This means you need a big battery. . . which are expensive and raise the costs of everything.

So unless there is some revolution in battery technology, I don't think they'll make economic sense for a long time.

Take a look at this:
http://en.wikipedia.org/wiki/Energy_density

Gasoline is at 46.4 MJ/kg, Batteries are at like 3.6 MJ/kg. I'm not an expert on this stuff, but I think you'll need far better batteries to make electric car technology practical.

@alex101: 

I realize the importance of oil to the economy, man. Especially in a pre-industrial country like Nigeria.

Otoh, if someone tells me that 20% of those oil reserves are in Yorubaland (either offshore or onshore. . .   ) then the game changes. 400K barrels of oil per day is enough for me. . . especially when you combine that with Lagos port revenues that go to the federal government, VAT money, and the possibility of additional minining of resources like gold and bitumen.

I don't want to leave Nigeria unless it is done on a firm financial footing.

alex101:
@ post/OP,

Oil will become irrelevant very soon. Most cars of the later half of the 21st century will run on mostly electricity and biofuel, as we currently have in Brazil.

Biofuel is just a replacement for oil. And unless you want to wipe out the Amazon rainforest in Brazil, there is only so much of it you'll be able to produce. Not to mention how it raises the cost of basic foodstuffs, thus placing a lot of pressure on poor people.

Regarding electric cars. . . have you tried to buy one before?  They are way too expensive compared to the gas equivalent, even with US federal and state subsidies available. I bought a car in 2007, ended up just buying the ordinary version rather than the hybrid.

aletheia:
^^^Here is the Ipsos press release. You might be able to glean something from it. As for the state by state results; you 'll probably have to buy it.

Thanks!

PapaBrowne:
And neither is Ilaje Yoruba!!

How can this guy speak so authoritatively about something he has no clue about?


Anyway, back on topic. . . of Nigeria's oil reserves (36.2 billion barrels), how much is in Yorubaland? Either onshore or offshore?

As far as I know, we don't have that much. Lagos, Ondo, Edo have enormous amounts of bitumen though. . . which isn't nearly as profitable

kunlekunle:
[size=15pt]Managing Director of the Lagos Metropolitan Transport Authority (LAMATA), Dr Dayo Mobereola, who disclosed this in an exclusive interview with Sunday Independent during the week, explained that response from investors to the financing and execution of the project, which would be on a build and operate basis for twenty five years, has been overwhelming. The construction period is estimated for three years.[/size]

Lagos State's financial commitment might be 25 years, but it will take 3 years to build.


Abeg, read the article before posting!

OAM4J:
hahahahaaha locomotive trains in 2011  

Even obj in 2007 thought we deserve better.

What is wrong with trains? Who knows, depending on how fast the train moves, one could live well outside of Lagos and just commute to work:

The VIP section, where journalists are placed, is a 98-passenger fully air conditioned coach, with fans, television and other conveniences provided. Passengers however berate the change of direction from Ilorin to Ibadan and urge the railway corporation to work more on its timing.

Wouldn't you prefer living somewhere inexpensive in Ogun State, catch a nice comfortable train like this to work in Lagos, then return home?