₦airaland Forum

DeLaRue:
I personally don't have a problem with the price of electricity, though I can understand that the experience of those in Band A is probably different.

I have always used electricity judiciously, so any pre paid electricity I buy tends to last for a reasonable length of time.

I have always been fastidious about switching off all gadgets FROM THE WALL.

First thing I do when I get out of bed is to pull my curtains so I take advantage of natural light. So, most if not all internal lights are off for most parts of the day unless I absolutely need it.

If I am leaving a room and not returning to that room within 5 mins, I switch off the light. Lights in any room that is not occupied is always switched off.

These are just habits that have become part of my routine. I don't do them because of electricity bill, but it has a very positive effect on my electricity bill. I have not bought electricity for about 3 months now, so cost of electricity is really not an issue for me.

Many Nigerians use electricity wastefully because we have one of the cheapest electricity prices in the world. But that is going to change with the introduction of new bands.

Try band A and testify. 😉

12miles range. If you like forget the range and drive it far, you'll carry it on your head

TechCapon:
I have the Samsung galaxy buds2 pro.. Great sound but it falls out of my ears easily
I'll try the oraimo next but I won't sell the galaxy because of the respect it gives me
I did an interview with it and as soon as the recruiter saw it he shouted "you are a big boy oo" I later got the job

But it doesn't even stick out. How can the interviewer know?

casualobserver:
I have low tolerance for imbec1les with low IQ engaging me. Do you not feel stooopid that you are making assertions and when asked you cannot back it up? Is that the way of an educated intelligent person?

Eeediot!

Couldn't bother proving anything to an uncultured person like you.

casualobserver:
You are talking jibberish like the obvious eeediot you are your ilk are. I asked for the simple figures response even if hypothetical as to where the funding for subsidy will come from. Instead you are talking nonsense giving opinions.

Everybody has an opinion, the market woman the bus driver, the agbero have opinions. What separates an educated person is the ability to back his opinions with data, facts and figures.


You don’t have no are no different, you are an eeediot and a waste of my time!

Somebody is funding a road because he will make his money back from the tolls. In your so called educated mind you cite that as an example. How will a private party fund subsidy and make his money back?

When we call you ignorant uneducated unenlightened and eeediots you think we are insulting you whereas we are just describing you as you are!

I see how cultured you are. Kudos.

casualobserver:
Answer the question. Show your intelligence and tell us where the money for subsidy is to come from. No need for story.

All I need are the figures and I will swallow humble pie.

Just like arsehol3s, everybody has an opinion, they are subjective. Figures don’t lie. Drop your figures or stop disturbing my peace with your emotional ignorant and unenligtened drivel!

I just saw your comment about the highway. You are the same sort of m0ron that supported subsidy instead of building refineries and power stations. Now you think it is better to pay for subsidies so we can ply bad roads instead of building good roads. In a few years the same eeediots like you will come and say see the roads in China

And by the way, the government is only paying N1 trillion out of the N14 trillion for the road. The rest will be financed by the contractor and recovered through tolling. Shows how uninformed you are and why I shouldn’t waste my time with ignoramuses.

Who is emotional now with the insults?
You have just proven how unwise you are if you think the government is useful if it can proffer solutions. They got a solution to fund the unnecessary highway but no solution to get 10bn dollars to produce necessary stable power or make energy cheaper in general.
Get out of here jare.

casualobserver:
I appreciate sensible comments, I don’t appreciate emotional or ignorant ones.

I am going to ask you the same question I ask people like you. BTW I have yet to receive an answer.

Where is the money for subsidy to come from? Go through our budget and tell me what items you want to cut so we can maintain subsidy. Don’t forget NNPC is owing our suppliers $6.8b for subsidies and they have not remitted a single dime to the federation account for months. We are surviving largely on vat, customs and company taxes

You can have a look at the budget via the link below and tell us what you want to cut to pay for subsidies.

https://budgetoffice.gov.ng/index.php/resources/internal-resources/budget-documents/2024-budget

I also appreciate non biased respectful comments too. You're not a benchmark of intelligence to infer my comment as senseless.

I see you conveniently avoided the waste of money on things like the 15trn Highway.
We are so poor but we can afford an expensive white elephant project.
We waste a lot of money on pointless endeavors but cut money on the basics such as power, education, etc.

Meanwhile let me highlight that I know Nigeria is not a wealthy country, but you people don't seem to understand priority. Fuel subsidy or Cheap constant power is a priority of we're going to evolve and become an industrialized nation. Businesses are closing down cos of exorbitant power costs and you tell me it's not a necessity?
What is the point of increased cost of fuel when people begin to ration the usage cos they simply can't afford it with their little income?

What many of you champion is textbook economics without a human context.

casualobserver:
China has cheap electricity because they invested heavily in cheap hydro plants amongst others. When you were spending $6-$10b a year on subsidies to burn petrol in smoke, why didn’t you ask why we weren’t using that money to build cheap hydro power stations or refineries? Why didn’t you ask why were we subsidizing petrol for jeeps but diesel for industries have had subsidies removed for over 3 years? Now suddenly you remember industrialization?

China is where it is because they made the right decisions, we are where we are because we didn’t…simple! We chose to waste billions via the exhaust pipes of consumers, they chose to subsidize production.

So let's be stuck in undevelopment perpetually?
The simple truth is a responsible government will find a way to curb the waste and corruption of subsidy. And don't tell me it's impossible.
All of Africa is irresponsible and that is why we have unaffordable energy and keep crying we don't manufacture anything. How can we? With what means?
You really believe China didn't have affordable energy during their industrial boom?
How many mega power stations are being planned right now, since you mentioned China's cheap hydro electricity?
Oh, I forgot they have a very important 15 trillion unnecessary highway to spend money on. 😂

casualobserver:
Subsidy is good if you can pay for it. If you can’t afford it then you are only harming your economy and your citizens. How can a country pay more in subsidy than education, health agriculture, defense, roads combined and think subsidy is good?

What kind of reasoning makes a man to conclude it is ok to drive big engined cars with subsidized fuel spending valuable hours in traffic on bad roads to take your children to dilapidated schools to get substandard education that can’t get them a job or to drive to poorly equipped hospitals that can’t cure your sickness because all the money has been diverted to subsidize fuel?

Is the value we get from this fuel subsidy worth bad education bad roads, poor health facilities, insecurity, etc etc?

How are we going to achieve industrialization with expensive energy?
Did you know China pays lesser for electricity compared to Nigeria?
Now average citizens in Nigeria can't afford neither Band A NEPA nor Petrol, how are we supposed to achieve industrialization?

DeLaRue:
False.

Please other than Arab, basket case Venezuela and a few other similar countries, which other countries subsidise petrol in the world?

What the writer wrote is correct.

You subsidise if you can afford it. But borrowing huge sums and getting yourself into multi generational debt to subsidise petrol is something only a backward African country like Nigeria will insist on doing.

Even in poor Niger Republic, Ghana, and other neighbouring countries petrol is sold around N1300 even though both Niger Republic and Ghana also produce crude oil.

So why should Nigerians insist on buying it for N400. Some even want it to be sold cheaper than that

Nigerians need to understand that there is no constitutional right to cheap petrol.

Fuel subsidy should be removed patapata. Mr Jonathan should have done it but he panicked at the sight of protesters at Ojota. Mr Tinubu should remove it 100%.

Those who want to protest should be allowed to do so to their hearts content.

Subsidy is nothing but an albatross strangulation the economic future of this country.

They subsidize things that might be too expensive to afford for their populace.
An American can easily afford petrol at $1/litre without knowing he bought anything. Can same be said of Africans? These people earn maybe 100 more times than Africans are we want to use them as a reference.
How are we suppose to grow our industries with expensive energy unaffordable by the common man?

RodgersAkpafu:
I see

so how come a company that has recorded back to back to back negative EPS carry billions and billions of dollars in valuation ?

just thinking out loud

It's kind of funny but it's often the case.

RodgersAkpafu:
and what is the stock market capitalisation predicated on ?

Performance on the stock market.

RodgersAkpafu:
he actually has a point
look at how quickly zoom lost value between 2020 and 2024
valuation metrics though not totally rubbish, need some tweaking here and there

Valuing a business at billions of dollars when they are burning cash quarter after quarter with no profits, be it gross or net to me does not feel right

If the business finally "shows workings" are now Cash flow profit plus positive /fat net profit, then we can understand

long story short
let's be open minded

It's based on the stock market capitalization, not revenue.

Doylestown92:
Elon Musk is the CEO of Twitter, meaning, he's the owner on paper. Because Larry Ellison, P. Diddy and the Prince of Saudi each own much shares in Twitter than Elon Musk. Musk is the fourth person on the ownership percentage.

You're not serious. Who is Diddy to own more shares than Elon Musk in Twitter ? He's barely even a billionaire.
Check again, elon has the biggest share in Twitter!

Basicend:
Redmi (Xiaomi) is more innovative than Samsung, and with relative quality. They will takeover global market share from Samsung in the next 2 or 3 years. Their strength is pricing.

Huawei have the infrastructure and innovation, and would have taken over as global market leader if not for Trump that was scared and cut-off google from it.

If Huawei was not stopped, Apple could have been moving towards a huge slope by now. Just like blackberry.

Xiaomi can not take over Samsung. Even if they almost get there, what befell Huawei is definitely waiting for them.

Tinubu:
Na part of wetin we dey talk be dis

Just wish the dead nigga a good rest and don't say things that will stain his memory

No one who wishes to live long texts and drives ...much less doing so at high speed... doesn't sound good no matter how one looks at it

Lol. Mechanics are generally drive like that.
Nothing unexpected

phorget:
When he was busy raising the girl legs up he never imagined what would come out of it.

The boy is such a lucky boy, he would grow up to appreciate that he gave birth at an early stage.

True. I think most men just wish they were already done with children wahala .

Gerrard59:
They use those exotic cars with less than the stated fuel quality for years?

cc: Tensazangetsu20 you sabi these things pass me. What do you have to say?

Truly some luxury cars are specced to run on premium fuel but many brands do just fine with our petrol.

Gerrard59:
The engine go spoil quick. So back to square one. Hopefully, the Dangote refinery has such a category of fuel and petrol station owners have a dedicated pump for it.

Seems you're not a Nigerian. People use cars for ywra with no engine issues.

chanceux:
Greetings all, 2nd time car owner. I own an RX 300 but I plan selling it because it swallows fuel alot. I'm considering getting sth better but I'm torn between Ford Edge 2010 and Honda Crosstour 2010. Any expert opinion on fuel consumption and maintenance? Or a better alternative at that price range. Thanks

You didn't say crv or Rav 4 4plugs, you dey talk edge with bigger engine than Rx300 😅

Gerrard59:
My own is in Nigeria, where is the fuel with octane value >90 sold in the country? I don't see why a car should be driven in a place where the basic fuel requirement isn't supposedly available.

So we should only drive when such fuel becomes available 😂

As fuel approaches 1k mods move this thread to front page again 😂

casualobserver:
You know a man is not going far in life when you have N4m and you are asking where can I japa to?

Too small or too much?

Curb corruption at the highest level and all these things will naturally dissipate.
You can't cut a tree from the top.

Ojuntana:
What you're saying is not correct
It is possible to process crude and not get petrol and some other products

Just asking to learn possibly.
What happens to the remnant of the process then?

ppogba:
So, all the PMS that were produced since the production of diesel started were flush inside river Mugu .

The way some of you showcase your knowledge of elementary subjects with brazen ignorance and stupidity on this platform is sickening and shameful.

Perhaps, you know more than DANGOTE himself.

You didn't do chemistry certainly.

ladyjblinks:
Still available

This car is so clean. Never seen a crv of that year with panoramic roof.

LostMyZeal:
We'll play rubbish this season, probably end at the bottom half of the table and concentrate on Carabao and win it and ETH will go on a boasting spree about how he's the best thing to happen to EPL since Josep Pep. How ridiculous!

Apart from the rubbish gameplay wey dey vex person, na ETH misyarns for pressers dey annoy pass.

I think he too knows his time is up because RVN and Rene are here to replace him. That was a subtle message from INEOS. They just need enough justification to Ex this man and we're getting there.

Let's just dismantle the Lab and end this experiment. We didn't get the ETH of Ajax. QED

Never too late to make a U-Turn

So they couldn't just fire him but appoint his successors as assistant abi. Keep lying to yourself o. 🤣
They will all be fired together very possibly.

EgunMogaji2:
Fully fenced plot of land is for sale in New Vista Estate, off of Moganna way, Elebu area Ibadan. It’s in an established area with many houses around it. Comes with registered survey, land receipt and lawyers agreement plus full ownership trail dating back to ownership by 7Up cooperative. In between Yellow Gate and Pave Waters.

No lower offers accepted.

This seller is Buyer Agent friendly and willing to negotiate commission with any real estate agent who brings an acceptable offer from a buyer.

More details at https://forsalebyowner.ng/ads/elebu-ibadan-virgin-land-n6m/

Is this still available?

2cribz:
So he couldnt book bolt. He had to drive himself to death,if he had booked bolt or used a proxy to deliver ,shey him no go dey alive. Always want to proove a point ,nairaland no be earth and youtube no be God

Always thought you're just a troll, didn't know you're actually sick.

Obakoolex:
When am planning on having 5-7

Already have 3, 4th on the way

With one wife?