₦airaland Forum

Ghanaians are good at copying everything Nigerian both good and bad but it seems that this one is trying to beat records set by Nigerians.

dlox147:
Abuja, BY NSE ANTHONY-UKO
— Nov 5, 2014 | 2 Comments
The federal government says it has done so well that in the last three years 40 million Nigerians are comfortable enough to own cars.

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala made this disclosure yesterday in Abuja. According to her, “the improvement in the economic situation of Nigerians based on concrete steps has led to a situation where about 40 million Nigerians are comfortable to have cars.”

She then argued that if the tempo at which the country is performing is sustained in the nearest future, Nigeria will become one of the biggest 20 economies in the world.

The finance minister also disclosed that the federal government has so far mobilized over N2.4 trillion from external sources in the last three years to execute key projects.

The monies, according to the minister, were sourced from multilateral agencies with long gestation repayment period and zero percent interest charges.

She spoke on yesterday in Abuja at the Presidential Public Affairs Forum organised by the Office of the Senior Special Assistant to the President on Public Affairs where she emphasized that government is determined to be very prudent in the area of expenditure finance and has chosen to keep borrowing to a tolerable limit while concerted effort will be made to broaden sources of revenue outside of oil.

Ngozi Okonjo-Iweala also stated that the Goodluck Jonathan administration has reformed the import waiver system but emphasized that the policy was selective.

She said prior to the advent of Jonathan as president, the import waiver system was characterized by sharp practices. According to her, “before President Jonathan came on board, the import waiver system was bad. They were either issued arbitrarily, were lopsided and not good for any economic environment.”

She added that three years ago, when she came on board as minister the first issue the president put before the first meeting of the National Economic Management team was the import waiver which he felt was selective, lopsided and led to the midnight visits. “We are happy to announce that the policy has since been reversed and the import waiver system reformed.”

She stated that the reform of the waiver system was not the only significant achievement of the Federal Government under President Jonathan. She noted that another key indicator of the positive transformation in the economy was the rebasing of Nigeria’s economy, which she said has come after just three years of the present administration.

According to her the positive transformation agenda as championed by the administration has led local and international investors to find the business environment in Nigeria healthy thereby leading into massive investments as exemplified by the likes of Alhaji Aliko Dangote whom she said has invested $16 billion.

She also disclosed that housing refinancing has also been put in place and many Nigerians have already benefitted from it with more to key into it in the near future where young Nigerians will be able to owe houses with payment spread across 20 years.


http://leadership.ng/business/389406/40m-nigerians-can-afford-cars-jonathan-okonjo-iweala?utm_content=buffer88c20&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lies from the pit of hell.How can 40million Nigerians afford car when the population of Nigerians is about 170million of which about 90million of that are either Children of under 18 or under 25 but still a Student or dependent due to one factor or the other. This statistics means for every 2 adults human being in Nigeria 1 can afford a car.Me and you knows that for u to be able to afford a car in Nigeria means that you are living comfortably or in most cases you are termed as being rich.I used to respect this woman because of her accomplishments but it is obvious that she is a typical Nigeria Politician who knows nothing about the people he is ruling but only knows how to loot Nigerian Treasure and only thinking of how to lie to the people to cover up the deficiencies.Liars, Deceptors ,Cheats,Rogues,Criminals that is what all Nigerian Politicians are.

From my Dad, standing up for the Truth and what you believe in even if you have to stand alone. From my Mum the Value of self sufficiency and contentment.

I cry for this Country See what these Misfits above me are saying

Somebody wake me up up when February 2015 is over.I'm tired of all these lies and half truths

tunwumi:
This will dent the bad image of GEJ more as he is seen as anti northerners.

But do we still have a constitution in this nation.
Oh I guess it's PDP 's constitution that they are applying.

This is not a smart move at all for them.

Which Anti Northerners? Is Amechi a Northerner?

UniqueGem:
Mr. Easy when correcting people, because u noticed the point before the 4 does not mean everybody else will. Correct people intelligently pls. BTW it's still shameful that we're clamouring for this.

My Friend hang that your hand. Why should you and that imbec1le be looking down on other peoples effort? People like 2 of you paid somebody to produce mediocre projects for u while in school. Haters.

exxell:
What is this bull-shyte? Abeg commot this thing for front page..... Just look at the crap that cost 4 million . Wonder of discrepancy between cost and value!

This is how dull you are . you don't even know the difference between 400,000 and 4,000,000 which a kindergarten baby knows. Your people just wasted their money to send you to school. Zombie!!! SMH for your future.

benega:
Am not impressed, my mechanic can do better, no go find wetin 2 do with ur lyf, old men making toy car

Words of frustrated human being!!! I Know you were deported where you went abroad to clean toilet. They are your mates bringing out something where everyone thought there is nothing but you went abroad to clean toilet, yet you were not qualified for that also, so they have to bundle you back.

Just know that as you said, she is sorry because she got caught.The obvious is that you will never believe anything she tells you even if she is saying the truth.Anytime she is away from you you will just be at edge because you are always afraid that she is going to meet another Man.Once a trust is broken,it is like a broken mirror, you can hardly repair it.You may still have strong attraction to her because of her beauty but the best thing for you now is to distance yourself from her for months and clear yourself from the obsession you have of her ,and think whether yo will be able stay with her with all the mistrust that is going to follow if you ever get back with her, because that is going to be a very big source of crack in the relationship especially if you eventually get married

Jungle land!!! I give up

[quote author=hortongate post=27447392][/quote]Are you a forensic copyright Detective? You didn't even allow the Lady to feel a moment of "On Top of the World" with her big stolen grammar.Nairalanders they never disappoint.

ayuse:
Nigeria Presidential election is not won just by d number of pple who vote for u, the number of state u win also count. If candidate A have the highest number of total vote cast and candidate B win in 2/3 of the 36 states + FCT, candidate B wins the election.

you are wrong there. You must meet the 2 conditions to be declared Winner. 1, Gaining highest no of the valid vote cast(ie simple majority) and 2, Gaining at least 1/3 of the votes in 2/3 of the states (ie 24 States)+ FCT. Only one condition cannot win you the Presidency

Colombia. You only have something to worry about only if you are a drug Baron. Because that's bad business

Scientists at Nanyang Technology University (NTU) have developed ultra-fast charging batteries that can be recharged up to 70 per cent in only two minutes.

The new generation batteries also have a long lifespan of over 20 years, more than 10 times compared to existing lithium-ion batteries.

This breakthrough has a wide-ranging impact on all industries, especially for electric vehicles, where consumers are put off by the long recharge times and its limited battery life.

With this new technology by NTU, drivers of electric vehicles could save tens of thousands on battery replacement costs and can recharge their cars in just a matter of minutes.

Commonly used in mobile phones, tablets, and in electric vehicles, rechargeable lithium-ion batteries usually last about 500 recharge cycles. This is equivalent to two to three years of typical use, with each cycle taking about two hours for the battery to be fully charged.

In the new NTU-developed battery, the traditional graphite used for the anode (negative pole) in lithium-ion batteries is replaced with a new gel material made from titanium dioxide.

Titanium dioxide is an abundant, cheap and safe material found in soil. It is commonly used as a food additive or in sunscreen lotions to absorb harmful ultraviolet rays.

Naturally found in spherical shape, the NTU team has found a way to transform the titanium dioxide into tiny nanotubes, which is a thousand times thinner than the diameter of a human hair. This speeds up the chemical reactions taking place in the new battery, allowing for superfast charging.

Invented by Associate Professor Chen Xiaodong from NTU’s School of Materials Science and Engineering, the science behind the formation of the new titanium dioxide gel was published in the latest issue of Advanced Materials, a leading international scientific journal in materials science.

Prof Chen and his team will be applying for a Proof-of-Concept grant to build a large-scale battery prototype. With the help of NTUitive, a wholly-owned subsidiary of NTU set up to support NTU start-ups, the patented technology has already attracted interest from the industry.

The technology is currently being licensed by a company for eventual production. Prof Chen expects that the new generation of fast-charging batteries will hit the market in the next two years. It also has the potential to be a key solution in overcoming longstanding power issues related to electro-mobility.

“Electric cars will be able to increase their range dramatically, with just five minutes of charging, which is on par with the time needed to pump petrol for current cars,” added Prof Chen.

“Equally important, we can now drastically cut down the toxic waste generated by disposed batteries, since our batteries last ten times longer than the current generation of lithium-ion batteries.”

The 10,000-cycle life of the new battery also mean that drivers of electric vehicles would save on the cost of battery replacements, which could cost over US$5,000 each.

Easy to manufacture

According to Frost & Sullivan, a leading growth-consulting firm, the global market of rechargeable lithium-ion batteries is projected to be worth US$23.4 billion in 2016.

Lithium-ion batteries usually use additives to bind the electrodes to the anode, which affects the speed in which electrons and ions can transfer in and out of the batteries.

However, Prof Chen’s new cross-linked titanium dioxide nanotube-based electrodes eliminates the need for these additives and can pack more energy into the same amount of space.

Manufacturing this new nanotube gel is very easy. Titanium dioxide and sodium hydroxide are mixed together and stirred under a certain temperature so battery manufacturers will find it easy to integrate the new gel into their current production processes.


Recognised as the next big thing by co-inventor of today’s lithium-ion batteries

NTU professor Rachid Yazami, the co-inventor of the lithium-graphite anode 30 years ago that is used in today’s lithium-ion batteries, said Prof Chen’s invention is the next big leap in battery technology.

“While the cost of lithium-ion batteries has been significantly reduced and its performance improved since Sony commercialised it in 1991, the market is fast expanding towards new applications in electric mobility and energy storage,” said Prof Yazami, who is not involved in Prof Chen’s research project.

Last year, Prof Yazami was awarded the prestigious Draper Prize by The National Academy of Engineering for his ground-breaking work in developing the lithium-ion battery with three other scientists.

“However, there is still room for improvement and one such key area is the power density – how much power can be stored in a certain amount of space – which directly relates to the fast charge ability. Ideally, the charge time for batteries in electric vehicles should be less than 15 minutes, which Prof Chen’s nanostructured anode has proven to do so.”

Prof Yazami is now developing new types of batteries for electric vehicle applications at the Energy Research Institute at NTU (ERI@N).

This battery research project took the team of four scientists three years to complete. It is funded by the National Research Foundation (NRF), Prime Minister's Office, Singapore, under its Campus for Research Excellence and Technological Enterprise (CREATE) Programme of Nanomaterials for Energy and Water Management

Source: http://www.pcworld.com

When Thugs continue to rule this Country then how do we expect a real change.?

Sometimes I think that Nigeria political movie is more interesting and suspense filled than Nollywood movies.

That's about N500 a month which I am not willing to dole out to one big head called ''Mark'' on a monthly basis.SEUN I hope u don't have the same plan as Mark because i will also delete my account here also.

akiOYIBO: Public fund? Does it mean the one IBB stole was private fund....does it mean OBJ stole personal fund....what will be d name given to d ones abokii ministers has been stealing? abi dey no dey probe abokii dem? nawaooooooooooooooooooooo

Pig don't quote me again.Somebody has mentioned in this forum before that Ibos are good at supporting Criminals from their side, then I wanted to bash him but didn't .Now it is becoming obvious that Criminality is inherently an Ibo culture, if upto 80% of Ibos in this forum can be supporting their own accused of embbezzling public fund.same thing happened during Oduahgate.God forbid I be part of that culture.

IGBOSON1: ^^^Of course you'll want to believe this tales by moonlight! Ihejirika should wait in line until all your thieving retired generals up north are probed!

Cheers!

you are the most stup1d imbec1le Ibo son.Somebody is accused of stealing public fund and you are here supporting him not for any thing but because he is an Ibo.You are setting a precedence for wretched life for u and your Generation yet unborn.Id1ot!!!

As the days goes bye,he goes closer to his grave,I'm sure he will come to see the meaning in the saying "vanity upon Vanity all is vanity.When he is dead and gone, if there is still a reasoning beyond there,he will come to realise that upon all his evil scheming to always be on Top,his callous looting and stealing of Nigeria's treasures,the Poorest Man in Niger state may even be better off than him

arttysticfyngaz: Same Catholic church dat is under the UN's touchlite for varrying gross sexual misconduct epitomised by paedophilia n adultery. Guy wakeup!!!!!

Catholic Church never denies the fact that there may be some of their priests who may be going against their calling and is doing her best to curb that but for a whole head of the Church to be misleading his people is a different story.

Why can't this hip hop Star who camouflages under the name of pastor face one fraud he knows best how to do: Defrauding gullible Nigerians their hard earned money in the name of tithes and whatever he may call it. Must he also play partisan politics? . Why can't he be like some of our respected Religious Leaders who have learnt how to play neutral on political arena and be a voice to the Masses who really needs his voice? Thank God my dear Nigerian Catholic has pulled out of the sham he presides called CAN.

The Iri Ji I know, you don't have to pay a dime to be spectator. As far as I am concerned, this is a cool business venture by my ever business oriented Ibo Brethrens

mencade5: bring back our likes

about to sell my likes.


Likes are like food to all nairalander.


No more frontpage comment until the like button come up again.

All those boys liking ladies pix anyhow. God don catch una oooo

I know you are top of the list that is why you concluded that it is only boys that like ladies pics

Hip hop Money is not pouring his side again because is been while he released any sold off album. Now is time for oyel MONEY.

What is this? Is it a crossword puzzle or what?

Break every chain by Jesus culture
You're Glorious by Hillsong

Let them just lock up that animal for life or hang him. What evidence does he have to back up his claims. Why haven't he given the info since more than a year ago he was arrested. He just want to heat up the polity now with unsubstantiated claims so that he will be buying time for himself. I'm sure that people who have ties to BH which they know that he knows would have cut off that ties by now. So what evidence will they use to convict them except the words of an animal.

These imbeciles have started wasting our money on another national sycophancy. After the election next year they will come out to tell us that the budget cannot sustain the subsidy again. God please save this Country from greedy selfish imbeciles in the name of politicians.

Who gave those ass licking assholes the title of elders. I know my Anambra brothers, when the time comes, the story of annointed one will change.

Y