₦airaland Forum

AZeD1:
This is probably one of the most stupi.d things i have read on here.

My 3 bedroom flat in the UK cost £600 a month which is £7200 a year, I have a 3 bedroom in Yaba for N600,000 a year use your formula there and give me the purchasing power of the Naira to the pound.

What city is that 3 bed for £600? Una dey grove there

Empredboy:
tell us our export strength. What goods do we produce for export?

Seriously? I think we have to look beyond oil. I as a person xport charcoal? *does that count? A friend of mine from lagos export palm oil and chemical starch. I know loads of others as well.

Henryadaku:
Excuse me sir......don't you get it countries that don't export can devalue haba.......its better this way make Una stop to complain abeg the naira being equal or stable with the dollar ain't gonna solve our problem

Can I ask you a question. What do we have that we can't export?

manny4life:
We're talking about quantities large enough to offset our import bill. All these items you listed, I can bet my 1cent that it doesn't add up to 5% of Nigeria's earnings, thus insignificant. In terms of export, I really don't think it's more of an economic policy, rather, I believe it's a fiscal policy (spending at all tiers of govt) to stimulate inward growth. This is why I asked, are you exporting something that you're self sufficient at OR just because it's the basic? Brings me back to my point: exporting right now is somewhat the least of our problems because we're not self sufficient, exporting what we have (especially raw materials) will cause shortage and really not add that much as opposed to finished goods. Let's have more than enough and more importantly, let's be able to afford it, then we export the remaining. You don't sell your food in exchange for less money when you're hungry. This is what's happening to Nigeria, you export logs of woods (solid state) say for $100/log and then import toothpick and pencil for $1,000 and you magically expect yourself to balance at the end of the day. When your pencil and toothpick arrive, they won't be affordable, which is the state Nigeria is in because we're consuming (makes it worse because it's foreign produce) more than we're producing.

I cnt type much as I'm at wrk and on mobile.anyway you seem to be focused on export via the FG I'm talking about you and me exporting and paying tax to the FG. The vast majority of exporters in china are non govt .they are biz men like you and me..The only thing that will drive up export is govt policies. Which also can attract investors.u keep asking what we export or can export. I ha e said MANPOWER. China's major export is MANPOWER. human robots. If any major industry perceive labour +overhead to be cheap in my village I'm sure they will like to come and explore the benefits

manny4life:
This must be some kind of joke right? Do you export what you're self sufficient at or what you think are just basic products? We have rubber yet we import furniture and other household goods. We're sufficient in timber yet toothpicks is one of the banned products because of the large importation. We're sufficient in fruits but Nigeria is one of the largest importer of fruit juice... Again, is this some kind of joke or are you serious?

You just answered the question yourself.But seriously you think all I listed are not exported? I can give you names of companies that export all them things listed. We as a people need govt to give us flexible economic policies to enable biz men xport more. Ie 5am breaks .reduced energy bills.sign trade agreements etc.open some other ports to export cargo.

Empero1:
I'm always amazed whenever I come here and see never-do-well(s) flexing muscles like economic experts. Someone even went to the extent of boasting about superiority of the west over us just because his wife was opportune to attend a school in the UK where the whites dominated her myopic thoughts. To that fellow, when did your dull.ard of a wife become the standard for good? In fact, I say all of you in support of official devaluation of naira should stuff.

Literally, we're not an exporting nation, and we don't have authority/monopoly to dictate the price of the major item we export (crude oil), therefore it makes not economic sense for us to officially devalue our currency. Should we do so, we stand to attract portfolio investors - which will only give us short term succor but with long term devastating effect, because the target of any portfolio investor is instant benefit and once they make the profit within a twinkle of an eye they would pull off their investment thereby worsening our already deplorable economy.

FG should continue to resist all pressures and speculations from the west and its agents. They're nothing more than manipulators.

You got good points but I also think you where out of order to insult one's wife. I'm very sure yoy ha e better ways of improving your arguments

arent88:
barca u have limited knowlegde abt economics.when we devalue, it would help our export because our commodities become cheaper in the international market.pls what and what do we export dat u think would help wen we devalue.

Loads of stuff.
Rubber
Timber
Beans
Man power
Gas
Oil
Cement
Fuits
Tin
Cassava
Yam
Cachew
Maize
Palm produce
I can go on and on
However cos our govt do t export the above don't mean the citizen's don't. .The greatest export from china is not its produce but MANPOWER

NewsPoacher:
http://tribuneonlineng.com/ondo-begins-bitumen-exploration-with-10000-barrels-per-day

About time but won't this go fru FG? Or is the state now controling it's own resources? ?

garfield16:
have you not answered your own question? it would help if Nigerians showed some initiative and did some checking themselves, google is free

anyway since you are just as lazy as EFCC , there is something called private banking, it's not for small boys.


"Hanoi, March 03, 2008 – Standard Chartered PLC announced on 29 February that it has received all the required approvals leading to the completion of its acquisition of American Express Bank Ltd (AEB) from the American Express Company (AXP). The total cash consideration for the acquisition is US$ 823 million.

American Express Bank Ltd.is the international banking subsidiary of American Express Company. Founded in 1919, it provides services to financial institutions, high net worth individuals and affluent customers through more than 74 locations in 47 countries."

Ok I have seen their branch in the Uk thanks.Thanks also for calling me lazy.

muyiwadavid:
Yeah its a real bank that exist u can Google it ursef

.thanks

EdCure:
I remain an ever objective maverick, bro.
I am only sounding a warning to today's useful idiots with particular reference to one of the major intrigues that marred the GEJ presidency.
our people must learn from history if they must survive in this country.

well then mayBE you should have started with the chief security officer of the state the acclaimed event took place.

garfield16:
incompetency by EFCC detectives is the reason why the guilty will walk. if GTB's documents were burnt, could you not contact American express and get the info you need? Lazy incompetent EFCC investigatprs. Common Sahara reporters can get details of Dino's US account but EFCC with all their official powers and access are too lazy to contact their counterparts in the US to aid their investigation?

Instead they will be attending istandwithBuhari rally and awarding the corrupt as ambassadors!!!!

Oga U sure say such bank dey exist? American express nah credit card issuing bank, I never hear of current or savings or business account with them ohhhh, me I dey wait who go show me the bank called american express bank

Ihsan6:
Kai wc school u go sef...dont forget he has 13 count charges on his neck and u believe he wil come clean of allthe charges? shey ur phone no get auto correct abi na u dey ignore?
I dont wish saraki any evil but justice. If he has truely done all these then the law shud take its course.

In the court of law the more all your charges begin to fall apart the less chances you get for the remainder of your charges to stick especially if all charges bears same witness, they the witness could be deemed unreliable.

Jengem:
Michael Wetkas, a detective of the Economic and Financial Crimes Commission (EFCC), says some of the documents that were evidence of transactions in the foreign account of Senate President Bukola Saraki got burnt.

Wetkas, who was responding to a question from Paul Usoro (SAN), Saraki’s lawyer, on some fund transfers from the senate president’s Guaranty Trust Bank (GTB) account to his alleged American Express bank account, said that in the course of his investigation, officials of GTB told him that some of the documents showing the transactions got burnt.

“Several telexes from American Express Bank and facts are here from the bank (GTB),” Wetkas said.

“All the transfer requests made by the investigating team to provide information was an offshoot of a debit transaction that was already consummated on that account, which showed that the bank it carried out.

“There is no doubt that the transaction was actually carried out by American Express Bank.

“There were also police report and an affidavit, which they (GTB) swore to, to show that some of the documents were burnt. There is an affidavit and I believe it was a fire outbreak.”

When Usoro asked: “You did not investigate to find out if American Express Bank exists?”

Wetkas responded: “My investigation was not on American Express Bank, but on the account.”

The defence counsel also asked: “From that form (the telexes showing the alleged transactions) is there any relating to America Express Bank?”

Wetkas: “There was nothing referring to American Express Bank.”



https://www.thecable.ng/gtb-told-evidence-sarakis-foreign-transactions-got-burnt-says-efcc-detective

from last I know, American Express was a crdit card company,Could anyone in teh US plz clear me on if its an actual bank? cos you cannot transfer money unto a credit card that is in credit more so it bears no savings.

EdCure:
I hope the president will now declare them as terrorists, since they've started attacking security operatives.

Yet some useful idiots will call what's happening in agatu and the ongoing Fulani barbarism across the country as mere propaganda.
That was how Jonathan/PDP labelled the reportage on Boko haram activities and even the chibok girls abduction as APC propaganda (heck! The drunkard even went to Kano to dance over it!) until it spiralled out of control.

This GEJ blame thing is old and Boring.

ChangeIsCostant:
Here are photos of the 36 armed herdsmen who were arrested by by troops of the 117 Guards Battalion Keffi along the Abuja-Keffi road on Sunday. Another group of 56 herdsmen was arrested at the Dantata check point between Kuje and the Abuja airport. Items recovered from them include 26 cartridge Dane guns and 49 cutlasses and knives.They were paraded by the Guards Brigade of the Nigerian Army on Monday.

Source; http://www.nationalhelm.net/2016/04/see-photos-of-92-armed-herdsmen.html

Men with guns no chains or anchor
Chie deris God oooo

Businessideas:
Speculative writing.Too much gaps and write-up doesn't inspire confidence in the mind of the reader.This is a serious case of allegation against the judge and someone may already be fishing in trouble waters in the event that the judge chooses to summon the writer or organization promoting this speculation

I agree and its coming from not one of the mainstream news papers, not even sahara reporters

NwaEzefuNaMba:
Suspected boko haram insurgents on Tuesday ambushed the convoy of the Acting General Officer Commanding, GOC, 7 Division, the Nigerian Army has said.
The Army spokesperson, Sani Usman, said in a statement that “the leading elements of the Acting General Officer Commanding, GOC, 7 Division Nigerian Army, Brigadier General Victor Ezugwu’s leading convoy was about 8.30am on Tuesday morning ambushed by suspected Boko Haram terrorists enroute to visit troops in Bama, Borno state, north east Nigeria”.
He said “although 1 soldier lost his live and 2 others were injured, they were able to clear the ambush, killing some of the terrorists and recovered vehicle and weapons from them”.
He said the recovered items include a Toyota Hilux vehicle, 2 AK-47 rifles and several ammunitions.
The Acting GOC has continued his operational visit to Bama, while the body of the late soldier and the wounded had been evacuated to Maiduguri, the statement added.
He added that Nigeria’s Chief of Army Staff, Tukur Yusuf Buratai, a lieutenant general, has also spoken with the GOC.
“The Nigerian Army wish to reiterate its unalloyed commitment and determination to continue to clear the remnants of the Boko Haram terrorists wherever they might be hiding,” he said.
The attack came a day after soldiers clashed with Boko Haram militants in Borno State.

http://www.premiumtimesng.com/news/top-news/202050-breaking-boko-haram-ambushes-nigeria-military-commanders-convoy.html

So what where the BH fighters killed holding.so of the recovered just 2 AK47s
I smell untold story

Ugosample:
Thank you!!!!!!!!!!!!!

Nigerians are just DUMB

Saraki would find a loophole to rubbish the trial and they would be back to square one. They just want to look like they are working, that's all.

He already did, just check today's headings.

Destined2win:
meaning?

Only a poor person will say N60M cheap

DrWise:
Sorry please, must we do the DpK or German floor for all stores buildings?

Can't one just start building a storey building without German floor?

It's good practice that you do it.more advantage of doing it than not doing it.

Jhappy:
We all want an independent senate, but not one headed by an unscrupulous looter! Why can't u get it? The head of any house will alws dictate d principles upon which d house is run! Look at how him and his hicks are buying jeeps at twice their price! Just take a look at how they re removing projects tyhat re suppose to benefit Nigerians from d budget for their own selfish interest! We will not suport a Senate that wants to be independent for its own selfish and unscrupulous reasons!

my dear all well said but come election time, you will still see our youths killing themselves for these thieves to win, kai God punish poverty uncountable times.

[quote author=AlanSugar post=44807776][/quote]whats ur point? is the 2nd Niger bridge not being worked on?~ however I recon its going to take more than 2 republic to complete.PMB wont finish it.

lastpage:
This country is in serious trouble!

Not because of Power shortage
Not because of insecurity
Not even because of Thieving Politicians


... but because of the DANGEROUSLY-HIGH LEVEL OF ILLITERACY, IGNORANCE AND STEWPIDITY AMONGST THE GENERAL POPULACE.... ESPECIALLY THE YOUNGER ONES!

Despite all the DETAILED EXPLANATIONS about the "PROCESS" of presenting, verifying, appropriation and signing into law of the Budget (as shown on the previous page), a lot of posters here are just unable to grasp the point!

The Word "Trimming" is alien to the Nigerian Budget! NO ONE can TRIM ANYTHING in a Budget proposal.
Each individual PROJECT in the Budget proposal is Either Approved and FUNDED WHOLESALE (By the NASS) or it is NOT FUNDED and thereby Rejected (by the NASS).
The NASS dont have the Power and authority to TRIM or INFLATE COST nor INPUT New Projects not already included by the Executive.

If any project is considered "desirable" by the NASS, it must INFORM the Executive in writing, and explain why it wants the Executive to include the Project. The Executive can ACCEPT or REFUSE to add it to their Budget.
The BUDGET PREPARATION BELONGS "EXCLUSIVELY" TO THE EXECUTIVE ...WHILE THE FUNDING OF SUCH PREPARATION BELONGS "EXCLUSIVELY" TO THE NASS. End of Story!

Why is this simple truth so difficult to understand and comprehend by most Nigerians, especially the younger generation?
Even grown-Up Legislators have come on TV to say rubbish and spew sheer ignorance! Wetin?
You dont have to be a graduate to understand simple things..... or is it the hatred of the Executive Arm of Government that is causing this "brain illness"?

Honestly, l now understand....




Lastpage!

NB: Everyone needs to read the Press release on the Thread below, to fully understand what l have been saying!
https://www.nairaland.com/3054841/calabar-lagos-rail-omission-fallout-saraki

These Northern Senators are Evil... while our Southern Senators are Selfish Cowards! In all, the NASS is made up of Criminals.

This has been the position of the people of Nigeria, in the GEJ time we called for his head now in the PMB era they are doing same.NASS are evil, the head might have good intentions but would they let him work? no PADDING the budget to no realistic value.

Nusaf:
Are u sure u understand the phrase "budget padding"?

yes i do as a matter of fact, do you?? if you do plz xplain

mufutau55:
True, true. I have just finished mine too...

Hajji M.

did you put a pic onur dairy? plz post link if one is available

edshaf:
My oga,
Thanks. Yes, it's been a while. Was involved in other 'critical projects' and had to sacrifice something for something.

A duplex, 1 storey building in front with guest lounge, ensuite guest room, visitor's toilet, dining room, living room, pantry and kitchen on the lower floor. A family living room, 1 ensuite master bedroom, 2 ensuite bedrooms and an office on the upper floor.

Adjoining the duplex is a 3 bedroom flat on both the ground floor and upper floor.

The design is with the intention of having a two 3 bedroom flats connected wall to wall to a 4 bedroom duplex.

I will have a plan uploaded when opportuned

This what I had but manged to squeeze in a one bed flat in the middle and reduce the 3 bed to 2, we need to max the rental value , me I just adop Ijebuness into me No offenceeee

jcross19:
then if that what you said is true why did buhari go to china to borrow $2b when we have recovered close to $300b!!!! Someone is not telling the truth.

lol NO someone was high on gwaro lol

rusher14:
To some Dasukigate is mere propaganda.

Yet, we have those involved in this act of shame not only admitting guilt but asking for time and clemency to repay what they had pocketed.

These guys were not joking.

If you needed a little pad in Miami all you needed to do was pick up the phone call Dasuki and voila, a small package was arranged for you.

Its a mare propaganda I tel you, how can a thief come out in public, admit an offence and offer to return some of teh stolen money and then get a get out of jail card? and people are buying this silly news mtcheeeew.

ogmaskman:
Aside the fact that the respective ministers have either denied or offer explanation in their budget defence with the NASS, that the figures put on a budget item is high can not be referee to as padding. You can best call it "inflated amount".
Padding on the other hand is when you insert items that were not originally budgeted for or shuffle budgetary allocations without the permission or consent of the executive (budget owner).

your definition of a padded budget is out of the window way wrong.Ask anyone who deals with a budget don't just take my word for it
Padded budget definition bellow xx

Padding the budget means making the budget proposal larger than the actual estimates for the project. This is done either by increasing a project's expenses or decreasing its expected revenue. The goal of budget padding is to get an approval committee to grant an artificially high level of funding to the budget maker's proposed project. There is some contention over the exact definition of padding: some contend that inflating expenses to take expected inflation into account is responsible foresight rather than padding, while others see any increase beyond current estimates as padding.

here is ur own definition ::: Padding on the other hand is when you insert items that were not originally budgeted for or shuffle budgetary allocations without the permission or consent of the executive (budget owner).
very different.This is rather manipulation or pure thievery.

mufutau55:
Thanks Spyder, please don't miss any point on hanging this parapet... wanna compare it to how mine was hanged...
I have already seen good safety differences in the upper/top reinforcements... never seen it detailed like this before.
This is good for learning purposes... Thanks as usual.

Note: I have always love the smoothness and low cost of precast parapets myself. Very good alternatives.

Hajji M.

Im def doing this,The finishing is more predictable and the joints are more defined, plus less capentar wahala

spyder880:
......After building bamboo scaffolds all around the house...........

you guys are not easy ohh,