₦airaland Forum

This is live. My office did sack early this year and are planning more before the end of this year. Shitt has hit the fan

TechRez:
Thanks

Please where can I get a trio tab. I need a cheap 10incher not imose o!

yuzedo:

Man u still dey this forum? E don tey o!

So it was Jonathan that handled the recruitment. Immigration doesn't have a comptroller and other top officers? No senators and house of reps member sent their peoples name to the commission? It was only Jonathan that sent the names of all his people to immigration. If we Nigerian youths don't start using our brains now then no hope for this country

They killed john snow. Rubbish!! Am done with it.

Hidentity:
Again, I'll repeat this!

I think that I have observed this for quite a while and I think that it need be said.

I expressed my concern on why Nigerian youths remain leaders of tomorrow even till tomorrow to someone a few years back, and he suggested that I become a member of a few social media outfits. I did- Nairaland is one. He didn't say more, but I have seen more.

E-friends, it is easier to trap the water in an ocean in a glass cup than it is to see one reasonable comment on a page on Nairaland. Is it that hard to just ignore a topic if one has nothing intellectually benefiting or wise to say than insult the feelings of a tribe, religion or sex?

Look at it from here, a lot of unemployed youths are here lamenting and the story continues year in and out. If you were an employer, are you likely to take someone on a forum like this serious to conduct the affairs of your business or firm? These things matter, but it seems we either don't know or we just deny that we don't. There are people of incredible and distinguished personalities here, but with these comments fanning the embers of ethnic war, can youths like us be left with sensitive issues like nation building?

We can't lament that we are being sidelined when we lack the diplomatic tact and mental credential to make a simple remarkable comment. Insult me for this, I don't care- people take to insult when they are short of logic. But it is saddening that these e-children of ethnic war are thought to mirror the rest of us who are not in the bandwagon of victims of social, moral and intellectual decadence.

I expected that Seun or the mods would fashion out a way to halt this madness. The truth is that not paying attention to little details has lead to several wars and disasters. If this trend of singling out an ethnic group as criminals, rapists or ritualists subsists, we all may not be able to tell the story of the consequences. We can choose our actions, but we cannot choose the consequences, why don't you just keep quiet or type something worthwhile?

I am a proud Yoruba and a Christain, but I know that in my formation process, I became human first before becoming a Yoruba or a Christian and as long as the next person is human, I should be fair to him. Why can't we just live and let live? The leaders of tomorrow are just more terrible than the ones of today.

If an Igbo person is caught for doing drugs, it is not because he is Igbo- it is because of the inherent criminal nature in every human which he didn't curb. If one Hausa man is caught for terrorism, it is not because Hausa people are terrorists, it is because of the inhumane part of every human he did not restrict. If a Yoruba man is caught for raping, it does not make Yoruba people rapists, it is because that particular Yoruba man failed to control the animal instinct in him. Committing crime is never an identity of any tribe or ethnic group because speaking English does not make one a Briton.

The future awaits us- we cannot succeed in giving it the best with the way we reason, comment and react here.

Thanks

I am telling you bro, I've been a member of this forum since 2006 but 2013 and this year have been the worst years on this forum. People that make reasonable contributions have all left. I don't understand why Seun is letting this issue of tribalism fester on this forum.
This forum is supposed to be an important tool of imparting knowledge and nation building, but its now otherwise.
We go dey observe

.

8months

Believe me, lack of information is doing more than 60% Nigerians lot of harm.
When u compare the military before gej and after gej u will know that there was conscious effort to make the military equipped. And its not that easy for a country like Nigeria to go around the US to purchase arms N.B (the US major export is arms before oil).

That's y there was the issue of black market. I will implore the apc supporters to try and credit gejs govt for the little he did while criticizing the wrong he did cos without knowing u will see the same mistakes been made in this govt too. We just want Nigeria to move forward. If you find anybody guilty of corruption let the person be punished.
No need for the talking everytime.

Calebsky:
5 Odd Rollover

Guangzhou R&F - Shanghai SIPG over 1.5 @ 1.25
D. Zagreb - Hajduk Split over 1.5 @ 1.20
Santa Claus - AC Kajaani over 2.5 @ 1.50
K. Almaty - Kaisar Kyzylorda over 1.5 @ 1.30
Djokovic - R. Federer 1 @ 1.80

Odd: 5.265

Bonus:
D. Zagreb - Hajduk Split 1 & over 1.5 @ 1.70
Santa Claus - AC Kajaani over 4.5 @ 3.50
Brest - Zhodinho x ht @ 2.00
Tromso-Start & over 2.5 @ 2.00
Huila - Patriotas 1 @ 1.70
Lillestrom - Stromsgodset @ 1.55

Dem don play finish?

With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burden, has been gripping and heartbreaking in equal measure: a full-blown sovereign debt crisis on the doorstep of some of the wealthiest countries in the world.

Yet new analysis by the Jubilee Debt Campaign reveals that Greece’s plight is far from unique: more than 20 other countries are also wrestling with their own debt crises. Many more, from Senegal to Laos, lie in a debt danger zone, where an economic downturn or a sudden jump in interest rates on world debt markets could lead to disaster.




One of the lessons from the 2008 crash was that hefty debt levels can leave countries vulnerable to sudden shifts in market mood. But Jubilee reports that the rock-bottom interest rates across major economies, which have been a key response to the crisis, have in many cases prompted governments, firms and consumers to go on a fresh borrowing binge, storing up potential problems for the future.





Live/ Greece debt crisis: Germany warned that Grexit would be catastrophic - live updates






Read more

Judith Tyson of the Overseas Development Institute thinktank says the flipside of the latest round of borrowing has been investors and lenders in the west looking for bigger returns than they could get at home, a process known in the markets as a “search for yield”.

“Since 2012, there’s been a huge increase in sovereign debt, in Africa in particular,” she says. Some of the countries involved were beneficiaries of the debt relief programme that G8 leaders signed up to at the Gleneagles summit in 2005. “They were given debt relief with the idea that it would give a clean slate to go forward,” Tyson says.




She warns that a number of countries have since “loaded up” on debt – and while some governments had invested the money wisely, diversifying their economies and improving infrastructure, others have not. She points to Ghana, in west Africa, where a sharp increase in borrowing has been spent on what she calls “pork-barrel politics. They’ve spent it in a frivolous way.”

Jubilee’s analysis defines countries as at high risk of a government debt crisis if they have net debt higher than 30% of GDP, a current-account deficit of over 5% of GDP and future debt repayments worth more than 10% of government revenue. “We estimate that 14 countries are rapidly heading towards new government debt crises, based on their large external debts, large and persistent current account deficits, and high projected future government debt payments,” it says.

One vulnerable example is Tanzania, a country that suffered a severe debt crisis in the 1990s. In many ways, it has been a success story since receiving international debt relief in 2001 and 2006, allowing repayments to fall from 27% of government revenue to 2%. Child mortality has dropped; fees for primary schools have been abolished; more children are completing their schooling.

Yet borrowing has steadily risen since 2009, including from multilateral donors such as the World Bank, which tend to offer aid in the form of cheap loans rather than handouts. It’s a measure of success in some ways that the country managed to raise money from private investors in the capital markets by issuing bonds.

But Tanzania’s economic growth, and government revenues, are heavily dependent on exports of gold and precious metal ores, which have fallen in price in recent months. Jubilee’s numbers show that slower than expected growth could see debt repayments shoot up from an expected 10% of government revenue in 2018 to double that – well into the danger zone.

Falling commodity prices as growth in China slows, as well as the strong dollar – a danger because much of African governments’ borrowing is dollar-denominated – will create pressures on many other developing countries.



Ethiopia, where ministers from around the world will gather this week to discuss how to fund the next wave of international development, is another country whose debt levels have been steadily rising, and which could prove vulnerable. Mongolia, which has welcomed foreign investment to exploit its huge natural resources, including coal, has plans to borrow $1bn over the next year; but with its currency, the tugrik, declining sharply, it could be hit hard if the economic boom of recent years comes to an end.

“Current levels of lending to impoverished countries threaten to recreate debt crises,” warns Jubilee’s policy officer Tim Jones.

But it’s not just in the developing world where low interest rates and the legacy of the crisis have increased the temptation to paper over the cracks with borrowed money. Jubilee found that net cross-border lending worldwide, including the private sector as well as governments, has increased from $11.3 trillion in 2011 to $13.8tn in 2014 – and forecasts that it will reach $14.7tn this year.

That’s a 30% rise in just four years and a sign that the “global imbalances” many experts saw as a key cause of the crisis are far from resolved. “The world is still very out of kilter,” says Russell Jones, economist at Llewellyn Consulting.

The lacklustre global recovery has also been a factor in driving up debt levels as policymakers seek to restore pre-crisis living standards.

“All this debt is probably being accumulated because other sources of growth are increasingly in decline,” says Russell Jones. “There’s a lot of pressure on governments and central banks to keep things going at the old rate.”

As Greece’s government found, debts that seem manageable one day can quickly become unsustainable the next if conditions in financial markets or the economy abruptly shift.

Northern Rock, Britain’s bailed-out mortgage bank, made the same discovery in August 2007 when, as its then boss Adam Applegarth put it, “the world changed”. Many experts believe that if, as expected, the US Federal Reserve starts to increase interest rates from their record low later this year, that could act as the catalyst for a shake-up in global debt markets that could have far-reaching consequences.


Tyson points out that many loans taken out by African governments in recent years carry fixed interest rates for five years. When they come to be refinanced, it may have to be at much higher rates. As US rates increase, she says, investors will be keen to pull their money out of smaller emerging economies: “We will see a sharp reversal of capital flows. Some of these countries are quite fragile.”

In its twice-yearly report on the global economy last month, the World Bank warned that developing countries facing up to the prospect of the flood of cheap money being turned off should be “hoping for the best, preparing for the worst”.

Russell Jones says: “When the Fed has a very itchy trigger finger, you have the potential for some fairly serious issues.”

Countries at high risk of government external debt crisis

■ Bhutan

■ Cape Verde

■ Dominica

■ Ethiopia

■ Ghana

■ Laos

■ Mauritania

■ Mongolia

■ Mozambique

■ Samoa

■ Sao Tome e Principe

■ Senegal

■ Tanzania

■ Uganda

Countries currently in government external debt crisis

■ Armenia

■ Belize

■ Costa Rica

■ Croatia

■ Cyprus

■ Dominican Republic

■ El Salvador

■ The Gambia

■ Greece

■ Grenada

■ Ireland

■ Jamaica

■ Lebanon

■ Macedonia

■ Marshall Islands

■ Montenegro

■ Portugal

■ Spain

■ Sri Lanka

■ St Vincent and the Grenadines

■ Tunisia

■ Ukraine

■ Sudan

■ Zimbabwe

That's to tell us that despite the odds Nigeria is still doing well and can do better
http://www.theguardian.com/business/2015/jul/11/beyond-greece-world-filled-debt-crises

That a gabonese viper. Bitis Gabonica. Never try these ones.

Its not a puff adder.

OrlandoOwoh:
In Arepo, Ogun State, there is pipeline vandalization. If Jonathan feels giving OPC the contract to protect the pipelines there is necessary, why should the land not enjoy the PIB (cleaning up) when the pipes are vandalized or there is a spill? For me, just like PasshingShot, it should be 70-30. The Niger Delta should get 70% while others should get 30%.

You and passingshot are arguing with limited information you both have. In arepo ogunstate those pipelines supply various fractions of crude oil that our obsolete refineries produce as well as gas pipelines. This is not CRUDE OIL.

OrlandoOwoh:
Inasmuch as I feel the pains of the Niger Deltans, what do they expect when Jonathan gave oil pipelines protection contracts to communities outside the Niger Delta. Or is the Oodu People's Congress protecting pipelines in the South South?

Those pipelines they are protecting are in SOUTHWEST. Ogun state. Ahn ahn!!

OrlandoOwoh:
UNEC report says SHELL should clean up Ogoniland, why didn't Jonathan approve it?

Shell paid a huge amount of money as compensation. I believe the community wanted that instead of the clean up

PassingShot:
But our refineries will work again, soon.

This is a conjecture. Nigeria will not generate revenue by selling finished petroleum products in a long time. The revenue will still be from crude oil sales. When the refineries come back (not sure how soon) they will first strive to service the country first. So the lawmakers made an unreasonable change to that bill. No argument will hold water.

PassingShot:
Even in true federalism, you will have to negotiate with me to host your pipelines with which you earn from crude. Not so?

Lol. Passingshot as far as I know, Nigeria makes revenue from crude oil which is exported by export tankers(huge export vessels). Those interstate pipelines go to the refineries and how does that generate revenues?

PassingShot:
By what means?
The fact that the crude is pumped through a pipeline that passes through our land, I have a right to benefit from the proceeds as well.

Crude oil I transported by export tankers. Am saying the crude oil that Nigeria exports. The pipelines in Nigeria go directly to dormant refineries.

PassingShot:
Good development.

Communities that host oil pipelines deserve to be taken care of. After all, oil transportation is a key part of turning crude oil into money. However, the fund should be shared in a 70:30 ratio in favour of oil producing communities.

As long as people of SS/SE are part of Nigeria, the oil is Nigeria's oyel. Before oil, the country was financed and sustained by earnings from other resources from other part of the nation.

Crude oil is not transported by interstate pipelines

An eyewitness told Channels Television that the gang members were arrested in Lagos, Osun, Ondo, Ogun and Delta State, after series of investigations that led them within and outside the country.

LOL. That eye witness must be a witch

Some people on this thread are self righteous, hypocrites, and biased

eph12:
Did you read the content? Try to if you didn't so you understand.

Bro u dey see wetin I tell u dat day?

And she was busy measuring balls with Ngozi. Ngozi can never be caught napping like this

African countries googling the price of cow. Cow, cow, cow. Lol. Even south Africa Wey dey fumble sef.

Gerrard59:
Quite bad. Though we must remember this is a private firm and not a federal agency.

Even Barclays plans to axe 18,000 jobs b/w now till 2018. From pharmaceutical firms to commodities to oil and gas companies. When there's an economic downturn, jobs get axed.




P. S. Schlumberger plans to sack 10,000 employees. Everywhere.

.

Ive used web4africa. They seem ok

This one is late but ill say that i am yet to see any thread obiagelli has analysed without bias.
Am not sure if this is from the local content policy but i know it was championed by madueke. and that is 70%-80% of crew on offshore vessels must be Nigerian. U know what that translates to. She actually followed that up. Now we have more indigenous contractors and subcontractors in the offshore industry and she followed that up. Thats why you see the like of Hyundai heavy, and Daewoo in nigeria now. I think they came in 2012. Then in the downstream sector, i never saw any oil minister at more loggerheads with marketers than her, and that was due to supply of petroleum products. Marketing of petroleum products in nigeria is a different ball game entirely, i hope there is somebody on this forum that has time enough to enlighten us a little in that sector cos i cant type too much.
Saying that she did nothing is unacceptable in my opinion. Maybe u can rate her performance at 35%-45% which is even the best which any petroleum minister has done in my opinion. and someone is asking y she hasnt built refineries. Thats funny

This argument shouldn't even happen. A welfare package for unemployed should be totally repelled by Nigerians. Is buhari going to be everywhere to make sure its goes round? This is just going to feed the corruption he is trying to fight. And it cannot have any massive effect on agriculture. People eating more cannot translate to an agricultural boom.

If the FG ever adopts the IGR style of Lagos, i will curse the people involved i swear. U guys just sit in your parlors and type what u like. Go out to the major business areas in Lagos and see what taxes are doing to them. Now is time for the incoming govt to work on recurrent expenditure, reduce senators allowance by at least 15% and source/monitor contracts with all seriousness and most importantly we should be self reliant as a nation. We should stop importing fvcking milk, tomatoes, oil, clothes, bags, shoes. Fvck we import fvcking toothpicks. These calculations of revenue accrued from oil and multiplying by current exchange rates is ridiculous. We are loosing our external reserves due to our low currency power for goodness sake. U should also consider inflation rates. So many other factors are to be considered before makiing such assumptions. Please WE DONT WANT ANY WELFARE PACKAGE IN THIS COUNTRY. we are developing and a stable environment is needed for investors and other SMEs. Please create this environment and stop assuming. I am tired of assumption in this country. Assumption is the mother, brother, and sister of all fvck ups

Guy you must have had air coming out ur JT at some point. Cos am sure it wouldn't have any more sperm to produce