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GAR3TH's Posts

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PoliticsRe: Pictures Of UN Office Bomb Blast In Abuja by GAR3TH(m): 7:49pm On Aug 26, 2011
BusinessRe: Nigeria's Power Supply Has Dropped By 1,000MW by GAR3TH(m): 1:34am On Aug 26, 2011
Blackout Looms as Power Supply Drops by 1,000mw

Efforts by the Federal Government to improve power supply have received a major blow as generation has dropped by 1,000 megawatts owing to “sabotage leak” at Shell-operated Utorogun Gas Plant, a major gas source for the power generating stations.


The development has thrown Lagos State into almost complete darkness as electricity supply to the state, which hovers around 700 megawatts under normal situation, dropped drastically last night, while Abeokuta was also adversely affected.


Managing Director of the Power Holding Company of Nigeria (PHCN), Mr. Hussein Labo, could not be reached over the situation but a source at PHCN attributed the problem to inadequate supply from the transmission station.


“They should exonerate the Distribution Zones this time because we don’t have. If we have, we will give but we don’t have now. So, it is not a distribution problem,” said the source at one of the distribution zones.
The Utorogun Gas Plant located in Ughelli, Delta State, and Chevron’s Escravos Gas Plant are the main sources of gas supply to the Nigerian Gas Company (NGC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), which supplies gas to the PHCN’s gas-fired plants across the country.


The gas plant, which is a joint venture between Shell, NNPC, Total and Eni SpA (Agip), also supplies gas to industrial users. THISDAY gathered last night that there was sharp drop in gas supply to Egbin Power Station, the biggest power-generating station in the country. Before the latest incident, Egbin was generating 1,080 megawatts of electricity.


A source at the station said the situation was because of a problem at Utorogun, which disrupted gas supply to the plant.


It was learnt that Shell discovered “leaks caused by saboteurs stealing condensates from the Utorogun gas plant”, a development which affected gas supply from the plant. Shell has not officially reacted to the development, but unofficial source at the company confirmed the incident, saying the shutdown would last for only 48 hours for repairs to be carried out on the damaged gas pipeline.


NNPC had facilitated the maximisation of gas production from the NNPC/ Chevron JV facility. Under the arrangement, Chevron increased its gas production from 180 million standard cubic feet per day to 200mscf/d while gas production at the Pan Ocean Oil Corporation Nigeria Limited facility surged to 65mscf/d.
Power generation had hovered around 3,500mw, before it peaked at 3,800mw following ongoing rehabilitation of some existing power plants.
http://www.thisdaylive.com/articles/blackout-looms-as-power-supply-drops-by-1-000mw/97093/
PoliticsRe: Re- State Police Contradiction Extraordinary And Plenipotentiary by GAR3TH(m): 7:19pm On Aug 25, 2011
Very True, Apart from Lagos no other state can produce their own revenue internally. "They are nearly all entirely dependent on federally collected revenue for their stipends and overheads. At the end, they have nothing to spend on development.  In effect,  The creation of more states now could be read as underwriting an asset transfer from servicing the development needs of the country to funding the tastes of an add-on new elite in the beneficiary territories." Basically, many states in Nigeria are not meant to be states. They have no means of generating revenue and the allocation they receive are mostly spent on salaries living little to nothing for development or for a police force. Does Nigeria really need 36 states?

I know I'm now trolling but If a state like Ebonyi spends 70% [example] of her budget in salaries why can she merge with Enugu? Now Instead of only receiving 30% of the budget for development she will now receive 100% of the budget since they have no governor or civil servants to pay. But of course since she is now merge with Enugu she will probably have to share some of her exciting allocations with enugu. So at the end of the day Enugu may receive 30% more to her budget while the "ebonyi area" receive 70% of the former state Ebonyi's allocation. Every one wins and there is less bureaucracy and a higher budget to fund development such as roads, schools or even a police force.

Just my 2 Kobo
PoliticsRe: What's The Most Developed State In Nigeria? by GAR3TH(m): 9:21pm On Aug 22, 2011
manny4life:
While I agree with some part of your post, I disagree on the part where you defined "development". Development on a general scale of things are efforts that improve in people "Standard of living" and some off the things you listed certainly doesn't fit the bill. To consider economic development, you have to consider infrastructure (Road network accessibility, etc ), employment (income distribution ), GDP competitiveness (goods production and services offered), health and environment sustainability (clean, neat environment, et al). These are the major core of development, what makes standard of living improved. There are standards and stages of development as economics taught us; there's no city with 100% economic balance, I think it's unfair to assert that there isn't development going on in these cities.


Like most have testified, they have good (maybe not perfect) infrastructure that include good road networks which is easily accessible by car, foot, or bike or bicycle. Employment and income distribution is fair amongst earners based upon what the standard is although there might be a lil disparity based upon the cost of living. Also, these cities boast of development of their own, they have small business, they boast of production, manufacturing, (raw material and labor or human capital), which is increasing GDP. These states have taken upon themselves to be environmental friendly and conscious, if the environment is clean or perhaps a good portion is clean, it means that literacy level amongst people are increasing, people are taking a different approach and pattern to care for their environment.


Brother to sum it all up, it might NOT BE what you're defining as developed, but at least they are on the right path to success. @OP, I don't know but I guess I'm amazed by responses I see on here; this certainly means that changes are here but certainly, we are improving. As for the people insulting, yall need to quit it, there really isn't any need to rain abuses just because you don't like what is being said or simply biased.
True, I understand smiley
PoliticsRe: What's The Most Developed State In Nigeria? by GAR3TH(m): 8:35pm On Aug 22, 2011
What constitutes development. Road and planting flowers are not development, at least they are not the only things that constitute development. You also have to take into account income per capita (salaries) and the total GDP (taxable), ability to find a job, life expectancy, the rate of literacy and education, access to health care and hospital, emergency services such as fire and ambulances, ability to start a business and business environments, cost of living, access to potable water, electricity, sewage, waste disposal, security, drainage, law enforcement, rules and regulations, Socail development such as welfare etc, housing and much more.

At the end of it all Roads don't constitute development, a state gov can build the most road in the world and its citizens will still be living in slums.

As for Nigeria no state even comes close to development, its only the FCT Abuja that could be called develop.

I remember I made a ranking system before and it went like this, from most develop in Nigeria to least.

Abuja (10/10), Lagos (1/10), Cross rivers (0.5/10), the rest (0.5>/10)
PoliticsRe: Tension Mounts In Abuja Over Demolition Of 172 Houses Belonging To Igbo Bizmen by GAR3TH(m): 8:24pm On Aug 19, 2011
How is the demolition of homes "economic genocide" or based because their Igbo? Abuja has had a long history of demolishing home because its the only city in Nigeria that has order and rule of law. It doesn't matter what tribe or race you're from, if you build your home illegally or don't follow the building codes your home will be demolished. I just find it weird that this developer thinks their demolishing the homes because his igbo.

Most likely something happened that he wasn't aware of but if he did everything by the books then he should be compensated.
PoliticsRe: Beaf's State (delta State)has Gone To The Dogs? by GAR3TH(m): 12:57pm On Aug 18, 2011
Actually thats is Asaba, Japan
PoliticsRe: GEJ's Goal: Uninterrupted Power Supply In His Tenure by GAR3TH(m): 1:54pm On Aug 17, 2011
According to the ECN [  Energy Commission of Nigeria ] Nigeria's energy demand will be 28,000-31,000mw by 2015 (link). Nigeria is currently producing around 4000MW. Unless GEJ Puts Energy as his number priority and devoted 60% of the budget each year for energy and actually starts the construction of of each power station tomorrow with out and corruption, that will be the only way he can keep to his word.

In my opinion its just words, He not truly devoted to giving us power and just wanted to score some political points. Mind you that some of these power stations can take anywhere from 3 to 10 years to build.
PoliticsRe: $15bn Lagos-calabar Rail-line Underway by GAR3TH(m): 12:44pm On Aug 16, 2011
Onlytruth:
Does anyone know the route of this rail line? What cities does it transit through?
The viability depends on the route. Simple.
Page 16 and 17

http://fmt.gov.ng/uploads/NTM_Summary_July_2006.pdf
PoliticsRe: Ghana Is Currently The World's Fastest Growing Economy! Where Naija? by GAR3TH(m): 8:47pm On Aug 11, 2011
The increase is mainly because they started pumping oil. Ghana is actually currently grown at 5-6% with out oil, while Nigeria is also growing at around 8.4%.

Once Ghana's oil production becomes norm, like Nigeria's, is when you can actually measure real growth.


http://www.indexmundi.com/g/g.aspx?v=66&c=gh&c=ni&l=en
PoliticsRe: Truck Plunges Into River Niger by GAR3TH(m): 11:10am On Aug 09, 2011
The title is misleading.
PoliticsRe: Gov.fashola,asiwaju Bola Ahmed Tinubu Get N600 Million Bullet Proof Jeeps ! by GAR3TH(m): 2:22pm On Aug 06, 2011
huh The way some newspapers write their stories just so they can get attention is truly sad. How does the title say and the article imply that the jeeps will be owned by Fashola and Tinubu.

Everyone knows it was lagos' "security service" and ACN's "security service" who bought these vehicles.

In others words the vehicles that lagos "security service" bought is meant for the governor and the vehicles that ACN's "security service" bought is meant for the party leader.

Once Fashola and/or Tinubu leaves their position, the vehicles will be used for the next candidate.

So once again, Fashola and Tinubu do not own the vehicles, Just like president obama does not own the presidential limousine. Its the security service who owns it.

On a side note, no credible newspaper is reporting this story, so I'll have to question it authenticity.
TravelRe: Eko Atlantic City. . Construction Update July 2010 by GAR3TH(m): 5:13pm On Aug 04, 2011
[flash=560,349]
https://www.youtube.com/watch?v=k1kOWEo9sxE?version=3&hl=en_US&rel=0[/flash]
already posted but in higher quality
TravelRe: Eko Atlantic City. . Construction Update July 2010 by GAR3TH(m): 5:10pm On Aug 04, 2011
PoliticsRe: Rotimi Amaechi: Rivers Assembly Approves New Aircraft by GAR3TH(m): 1:22am On Aug 02, 2011
Rivers Not Buying New Aircraft [Trading]

Rivers State Governor, Rotimi Amaechi has explained that the State was not buying a new aircraft but only trading in the old aircraft for a new one for safety reasons.
Amaechi was reacting to statements credited to the Governorship Candidate of the Action Congress of Nigeria (ACN) in the 2011 elections in Rivers State, Dr. Abiye Sekibo alleging that the Amaechi administration is corrupt owing to the approval by the Rivers State House of Assembly for the Governor to buy a new aircraft.

In a special radio interview and phone-in programme in Port Harcourt, Tuesday, Amaechi said the size of the old plane is not compliant to the current weather conditions and could be dangerous.
“We are not just buying a new plane, we are trading in the old one for something new and I don’t see anything wrong with that”, he said.

Also at a parley with the Director General and Staff of the Security and Exchange Commission in Port Harcourt Tuesday, Amaechi said the old aircraft was struck by lightning and has become unsafe.

According to him, “If you look at the size of the plane and the current climatic conditions when you fly, you will see how dangerous it is for us to fly in that small sized plane. We are not even buying a very large plane; we are trading it for an improved version.
“Out of three, we have sold one to Cross River State at 9 million dollars and we are using the money to build a minimum of 10 Primary Schools. I didn’t see the need to have two aircrafts flying the Governor, that’s why we sold one.”
He assured the people of the state that he would not lead a corrupt administration but said he would not risk his life with an old aircraft because he was avoiding criticism.

On the status of the State’s internally generated revenue, Amaechi said that contrary to Sekibo’s claims that the State has spent 1 trillion naira so far, “We got 45 billion naira this July and that is because from January to June, the Federal Government was paying us half of our funds so they paid us arrears.

   “He (Abiye Sekibo) started talking about 1 trillion naira since January, that means that he did not get his facts right. Tell him that before a governorship candidate should speak, he should get his people to get data, the data is in the public domain. By the time he was speaking 1 trillion naira, we had done just 800 billion.

“We promised this State that we will not be reckless, we will be responsible with their funds and we will be prudent.”
The governor blamed the rains for the slow pace of work on construction sites and appealed to Rivers people to exercise more patience as bad roads would not just be repaired but overhauled for better maintenance.
http://www.thisdaylive.com/articles/amaechi-rivers-not-buying-new-aircraft/95783/

https://cdn-www.airliners.net/aviation-photos/photos/7/1/1/1960117.jpg
PoliticsWhat Is Wrong With Nigeria [video] by GAR3TH(op): 10:55pm On Jul 31, 2011
BusinessRe: Russia To Build A Nuclear Power Plant For Nigeria. Danger! by GAR3TH(m): 12:24am On Jul 31, 2011
[quote author=ekt_bear link=topic=723856.msg8822840#msg8822840 date=1312056480]Garth, do you have any data that backs up this statement of yours of nuclear energy being the cheapest? Table 1 on the Wikipedia page (http://en.wikipedia.org/wiki/Cost_of_electricity_by_source) seems to contradict you. Coal and natural gas appear to be competitive pricewise. And I'm not sure that this chart takes into account the cost of disposing of nuclear waste.[/quote]I was actually responding to the person above me when he was talking about clean energy, Solar and wind power. Basically my response was toward the subject of clean energy. As Nuclear power is the cheapest, 'green', source of energy.

http://www.bbc.co.uk/news/science-environment-13300595

I know that coal and natural gas are the cheapest way to create energy but cost estimates such as  fuel costs, capital costs for building the plant, disposal, construction timescales, carbon tax, Cap and trade etc could bring the price up. But it all depends who you ask.

http://www.environmentmaryland.org/uploads/pm/wE/pmwErlnw8uHiXY4TYeHhaw/energychart.png
http://nuclearfissionary.com/wp-content/uploads/2010/04/total-cost-electricity-production-per-kwh.jpg
http://kandg.org/WPBlogger/wp-content/uploads/2009/11/levelized-energy-cost1.gif
http://4.bp..com/_QYyG1d3ZaTA/TMcdxmnQFJI/AAAAAAAAABI/epEZVcB6UVI/s640/CM+Capture+6.jpg
BusinessRe: Russia To Build A Nuclear Power Plant For Nigeria. Danger! by GAR3TH(m): 8:28pm On Jul 30, 2011
Nuclear energy is the most efficient energy source in the world right know. Basically it the cheapest source of energy that will give you the highest amount of power. Solar and wind energy cant do that, due to the fact that both are very expensive, produce little energy and aren't a constant source of power. For the same price you will pay to build a 2000mw nuclear power plant, a solar/wind power station can only produce a 500mw or so [example not fact] . Nuclear energy if the future, their no point wasting cash on obsolete energy sources.

BTW for those of you who said nobody does nuclear energy and they are getting rid of them, just so you know Obama approved $36 billion for the construction of new nuclear plants in the USA. Not only that but Russia, China, India, Spain, France and others have plans and to build more nuclear plants. Just wanted to end that myth.

Anyway Nigeria is more than capable of handling a nuclear power station. Yes Nigeria did have a bad history of not maintaining capital projects but that was during the time of and instable government can countless military coups, when everyone was fighting for power and didn't care about development. But now, since 1999, Nigeria has been stable for the past 12 years and we are seeing what the government can do.Besides the International Atomic Energy Agency (IAEA) has already giving nigeria the green light to build a nuclear plant. If the IAEA says we're ready,. . .it means Nigeria is capable.

As for the location, it will be located most likely in taraba along the River Katsina-Ala. since its a major river and has one of the lowest population densities,but I'm not quite sure though.
PoliticsRe: Ekiti Is The 2nd Poorest State In Nigeria-commissioner by GAR3TH(m): 11:23pm On Jul 29, 2011
Are you guys seriously arguing about who is the poorest of the poor?

For your information all parts of Nigeria and Africa as a whole are poor.

You guys really look stupid arguing and boasting just because one side makes $2 dollars a day and another side make $1 a day.

Pathetic.

Nairaland has to do something about these ethnocentric, uncultured things they call people.

Why does every thread on this site end in a tribal feuds. And the majority of the people who take part in these feuds don't even live in Nigeria.
BusinessRe: Russia To Build A Nuclear Power Plant For Nigeria. Danger! by GAR3TH(m): 11:12pm On Jul 29, 2011
Whats wrong with Nuclear Power? It most likely will be operated by foreign nationals who have experience with Nuclear technology. So I don't see why you guy are scared?

Even Nigerians themselves can operate the power plant if they wanted to, no big problem.

The International Atomic Energy Agency (IAEA) Has already approved Nigeria and have said Nigeria Is capable of handling Nuclear energy.

So whats the big deal?
PoliticsRe: Ekiti Is The 2nd Poorest State In Nigeria-commissioner by GAR3TH(m): 8:25pm On Jul 28, 2011
Wont GPD and HDI be a better way of determining if a state is poor? What does total allocation have to do with Being poor? Even Allocation per capital would have been a better statistical way of measuring if in which Ekiti comes in 12th.

But you have to realize that more than half of the state in nigeria are failures, With out government allocations they will fail. Thats because Nigeria has to many POINTLESS STATES and these idiots want to create more banana republic states in which they will need government allocation to survive. In reality a small country(size) like nigeria should only have 12-15 states that could generate revenue by themselves.

Ekiti is one of these pointless states, thats why the commissioner said its poor, Because its main source of revenue is from allocations.


http://www.sparc-nigeria.com/Uploads/State_GDP.JPG
PoliticsRe: Rotimi Amaechi: Beyond The Hype by GAR3TH(m): 11:13am On Jul 25, 2011
I think Amaechi has done a good job in Rivers State, But I will say he has made some questionable choices while as governor.

Such as Building a new 26,000 Seat stadium for the Garden city games. He could have spent the money on rehabilitating the existing Liberation stadium [25,000] or overhaul the stadium into a 50,000 seater.

Another questionable decision is the building of the monorail system, Which is way more expensive and carries less passengers than Light rail system. Also, Port Harcourt also has a NRC rail corridor which runs through the city, in which they could have used for the light rail.

I guess rivers state has money to blow

Other than those few things he's done a great job as governor.
PoliticsRe: Norwegian Attack: If Muslim, Its A Terrorist.if Christian, Its A 'disturbed' Man by GAR3TH(m): 8:31pm On Jul 24, 2011
For the last time what is so hard about looking at the definition of terrorism.

There are different types of terrorism based of their motives.

The man in Norway was a Right-Wing Terrorist, Simple.

Terrorism has NOTHING TO DO WITH RELIGION.

ITS ABOUT THE IDEOLOGY OF THE TERRORIST and what the terrorist is fighting for.

It has nothing to do with western propoganda.

Types of terrorism includes but is not limited to:

Nationalist
Religious
[Christian, Islamic, Jewish, etc]
State-sponsored
Left-wing
Right-wing
Anarchist
etc
PoliticsRe: Is It Not Too Expensive Maintaining Two House Of Lawmakers by GAR3TH(m): 7:19pm On Jul 23, 2011
Its too expensive because Nigeria has to many pointless state. In reality Nigeria only needs 12 to 15 states. I mean how can Nigeria, a 'country' which is just larger than the single state of Texas, have 36 states in it?

Reduce the number of states, You'll reduce the number of corrupt lawmakers and Pointless bureaucracy.

South Africa only has 9 states and is bigger than Nigeria, There is no reason why Nigeria needs 36 states.

Nigeria needs to return to its 1967-1976 Borders or something similar when we only had 12 states.

Nigeria also has to many worthless LGAs inside each state.
PoliticsRe: 5 Reasons Why America Is Worse Than Nigeria by GAR3TH(m): 3:24am On Jul 23, 2011
Kobojunkie:
Correction: there was never an argument. That the AVERAGE quoted on that site is at 250k DOES NOT remove from the fact that you can get a good house in Chicago for about 130K. A good condo in downtown chicago is available for 130K and above, even till today. If you doubt it, all you need do is a simple good search. Heck, TRULIA.com is a good place to start. Simple!
Simple But You continue on saying, Fueling an unnecessary argument.

"Chicago was that bad of a city? Are you people on drugs?  You calling a world class city BAD simply because it is not as expensive as the city you seem to have a HARD ON FOR? I tell you the home is only a couple of minutes, actually 3 miles from downtown and you ask me if it is bad? Even condos downtown ( in the highrise buildings sell for about 100K up, again, depending on what you want, and you are asking me if it is bad? Kai!!

Why would you live in a place where you know you are unable to afford? This is A MENTALITY problem and not an america problem. You do not move to Silicon Valley and then start to whine that houses there are expensive when you know it is above your means. It is COMMON SENSE!!!   

There are houses in Albany NY for about $130 K if it is by force that you live in NY, but if you must live in NY, then SHUT UP and stop complaining because it makes no sense to. Living in NY city comes with the NY city price tag!! No be by force that you live with the Nigerians in NY. There are Nigerians in Delaware, Maryland, Pennsylvania, Virginia, Alabama, Nebraska etc.

Trying to throw America under the bus, citing some of the, for lack of a better word, MISERABLE CHOICES some people make, ain't gonna cut it. And yes, many Nigerians make these mistakes . . . living in cities they cannot afford and thinking THE MAN is the problem."

In which I had to reply. . .


My Replies to your post on NY was as a result of you trying to PRETEND it is a SUDDENLY a COMPETITION between NY and Chicago-and-the-rest-of-America simply because I made to tell the @OP that it is NOT BY FORCE TO LIVE IN NY if he/she cannot afford it.

Pretend? It was never a New York Vs Chicagos or america. I mentioned NY as an example, Simple, But you feed of that and you started a new argument for no reason. Look back and read the thread.
PoliticsRe: 5 Reasons Why America Is Worse Than Nigeria by GAR3TH(m): 3:08am On Jul 23, 2011
Ofcourse, because people like me readily call you out on your BULL!!!! I mean come on . . . I state that there are cheaper cities and Chicago is one and you IMMEDIATELY rush into NY vs CHICAGO argument . . for pete's sake, I ask again, what the frell for?? ROFL
PLEASE, What bull, You were the one who made me start talking about New York when you replied to my comment and now your blaming me? You seriously have a problem, And that problem is that you like arguing.

[b]The original argument was that homes in chicago cost 130k [/b]and I responded to you with a link so you can search the prices of chicago homes, and I also gave you the link that showed that the average home price in chicago was around 250K. Conversation over. But you were the one who was questioning New York in which I had to reply and your blaming me? You lost the argument Plain and simple, Then you started to side track and Reply to my post about New York.

Seriously.

Here is it again.

Search for home prices in Chicago

http://www.homes.com/For-Sale/NY/ISLIP/maxprice=500000&listing_type=RESALE_FORECLOSURE

Average price of homes in chicago [250k]

http://realestate.aol.com/Chicago-IL-real-estate
PoliticsRe: 5 Reasons Why America Is Worse Than Nigeria by GAR3TH(m): 2:41am On Jul 23, 2011
Kobojunkie:
ROFLMAO!!!! You probably landed in NY and decided it had to be NY and no other, for you to claim NY has plenty of benefits other cities dont have. I have resided in NY myself an I can tell you that there are quite a couple other cities -- lower cost of living too--- that offer just as much as NY offers you there. cheesy
Just so You know I've lived [keyword LIVE] in numerous cities such as Lagos, Port Harcourt, London, New york, Baltimore, DC, Dallas and Orlando.

I've visited numerous cities in those regions in which I lived in, so I didn't just land in new york and decided it had to be.



WOW !!! NY Offers millions more jobs opportunities than other parts of the country? Are you serious? May I ask what you base this claim on? WOW  . . .  shocked
huhNew York is the headquarters for most of America's top businesses. Its America's economic heart, The same way their are more job opportunities in Lagos than in port harcourt.

About New Yorkers being able to afford the homes they live in, I suggest you go play that tune to the @OP who seems to DISAGREE with you since his complaint, which you pretended you AGREED with in the beginning, is about NY being TOO EXPENSIVE him him/her to afford. Or wait, are we to assume that everyone who complains of the high cost of living, even in NY city, is not a new yorker? grin grin grin
I never agreed with the OP, go back if you forgot. I was correcting you on an error you made.

WOW  . . . so No other city in the US comes close to giving it's population what NY gives its? WOW shocked shocked :O :O
Are you seriously going to compare New york's infrastructure to other American cities? No other city in America comes close.

WOW . . . I am shocked that you have somehow descended into turning this one into a NY vs Chicago and everywhere-else-America rumble . . . WOW . . . no, . . . I am not shocked, this is you . . . this is exactly why I run when I encounter Nigerians like you!!  grin cheesy grin cheesy grin cheesy
Correct me if I was wrong but It was you who said homes in chicago was 130k or something in which I responded by giving a New York example and so one.

No one started anything, You gave out false info in which I corrected simple. It didn't have to result in an argument.


This is why I run away when I encounter Nigerians like Kobo
PoliticsRe: 5 Reasons Why America Is Worse Than Nigeria by GAR3TH(m): 1:54am On Jul 23, 2011
Kobojunkie:
Chicago was that bad of a city? Are you people on drugs?  You calling a world class city BAD simply because it is not as expensive as the city you seem to have a HARD ON FOR? I tell you the home is only a couple of minutes, actually 3 miles from downtown and you ask me if it is bad? Even condos downtown ( in the highrise buildings sell for about 100K up, again, depending on what you want, and you are asking me if it is bad? Kai!!

Why would you live in a place where you know you are unable to afford? This is A MENTALITY problem and not an america problem. You do not move to Silicon Valley and then start to whine that houses there are expensive when you know it is above your means. It is COMMON SENSE!!! grin grin grin grin

There are houses in Albany NY for about $130 K if it is by force that you live in NY, but if you must live in NY, then SHUT UP and stop complaining because it makes no sense to. Living in NY city comes with the NY city price tag!! No be by force that you live with the Nigerians in NY. There are Nigerians in Delaware, Maryland, Pennsylvania, Virginia, Alabama, Nebraska etc.

Trying to throw America under the bus, citing some of the, for lack of a better word, MISERABLE CHOICES some people make, ain't gonna cut it. And yes, many Nigerians make these mistakes . . . living in cities they cannot afford and thinking THE MAN is the problem.
I said if chicago is that "bad", not as an insult but rather in shock that chicago doesn't have what The New York area has. Actually I and many other nigerians live in the new york metro area and we are not complaining. I was just asking why chicago's home prices are so low? Home prices in New York City metro area are High for a reason. Thats because New York metro has plenty of benefits other cities don't have.

For example the New York area offer millions of job opportunities than other parts of the country and the New York Metro also have higher paying jobs than other parts of the country. So yes New Yorkers can AFFORD the homes they live in. In addition New York is the economic heart beat of America. New York metro also has tons of Entertainment, leisure and night life for its residence, and its pretty easy to start a business and make revenue.

New York Metro also has creature comforts such as a REAL Transport network comprising of almost 200 Lines of Subway, commuter rail, city and suburban buses, Brts and 27 airports in the metro area. Metro north, New Jeresy Transit and the Long Island rail Road allows you to live up to 90 miles away from NYC and still commute to work in an 1 hour trip. Not to mention the numerous highways in the New York area.

This is just the tip of the iceburg of why home prices in new york are high. Home prices are high for a reason based on what the location and area of the homes have to offer. You can build a mansion in the middle of the desert and it will see for 50k. What job opportunities are in the area? how will they go to work? how will the entertain themselves? etc.

This is why homes in abuja are more expensive than homes in Lagos and why Homes in Lagos are more expensive than home in Enugu for example.

And BTW KOBO The average estimated value of a home in Chicago, IL was $256,240 in June 2010, up 0.00% from May 2010. LLL


PoliticsRe: Do We Have Debt Ceiling Or Limit In Nigeria by GAR3TH(m): 12:04am On Jul 23, 2011
Yes, Nigeria does have a debt Limit.

Nigeria doesn't borrow money as much as other countries such as the U.S.A. [Nigeria public debt $37billion - U.S.A.$14trillion]

And Nigeria is in the position where it could easily pay back its debt.

Nigeria most likely has debt to increase its credit score or Credit History so it can receive loans in the future with lower interest rates, IDK but its the most likely reason.


[url]http://dailytimes.com.ng/article/cbn-lift-debt-limit-foreign-investors
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http://www.thenationonlineng.net/2011/index.php/business/12974-nigeria-comfortable-with-37b-debt-says-dmo.html
PoliticsRe: 5 Reasons Why America Is Worse Than Nigeria by GAR3TH(m): 9:48pm On Jul 22, 2011
Kobojunkie:
Ordinary 4 bedroom? Even here in Chicago, you can get one of those for about $130,000 and I am talking only a couple of minutes from downtown. You can even get a good house in some states for about $30,000 or more. Na wa ooo!! Must everyone own a $500,000 how now, to live in america. tongue tongue tongue tongue tongue tongue
Are you sure? The average 4 bedroom home in New York is Around $350k, and these are suburban homes 40 to 50 miles from NY city.

I didn't know chicago was that bad of a city, or is the home you mention in a bad neighborhood,

Feel free to search.


http://www.homes.com/For-Sale/NY/ISLIP/maxprice=500000&listing_type=RESALE_FORECLOSURE

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