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PoliticsRe: Nigeria Scraps Canada Power Contract In Privatisation Setback by Iolo(m): 10:01pm On Nov 14, 2012
jmaine: I believe if the process was adjudged to be faulty . .then it's pertinent for the FG to address such flaws.And if cancelling the said contract will yield that, then so be it . .

We have hawks and scavengers who scurry for anything to weep about . .If this flaw is left to stand . .it might just be a fodder in the hands of those snitches to dwell on . . .

Better late than Never . .We need to strive to do things right
Perhaps they want to give potential investors no room for doubt.

I hope this is the case.
PoliticsRe: Nigeria Scraps Canada Power Contract In Privatisation Setback by Iolo(m): 9:41pm On Nov 14, 2012
But seriously GEJ's excessive due process holiness is becoming overbearing these days. He lost the best Power Minister Nigeria has ever had due to "due process" and conflict of interest blab. And now Manitoba contract revoked.

How can we be sure that the vested interests didn't pressure BPE to say the contract was without due process? Were they not the ones that signed off on the deal in the first place?

GEJ should seriously look to make things work. Nigerians don't care how he does it.
PoliticsRe: Nigeria Scraps Canada Power Contract In Privatisation Setback by Iolo(m): 9:34pm On Nov 14, 2012
Billyonaire: In a move aimed at ensuring that due process is followed, President Goodluck Jonathan Tuesday cancelled the $23.72 million management contract for the Transmission Company of Nigeria (TCN), a critical component of the power reform and privatisation programme.

The president, THISDAY learnt last night, cancelled the contract that was awarded to Canadian firm, Manitoba Hydro International, which had been selected by the National Council on Privatisation (NCP) to run TCN for three years, with the option to extend for another two years.

Manitoba had signed the $23.7 million management contract with the Bureau of Public Enterprises (BPE) last July, following a long drawn out process that lasted more than five years, in which the Canadian firm and Power Grid of India had their technical and financial proposals evaluated to determine which of the companies would be selected as management contractor.

The selection process for a management contractor was started under the administration of former President Olusegun Obasanjo in 2007, [/b]but was stalled by his successor, the late President Umaru Yar'Adua, who rolled back the power sector reform and privatisation programme.

However, when Jonathan took over in 2010 and launched the Power Sector Road Map that same year, the Federal Government directed the BPE to continue with the process from where it had been stopped, rather than re-advertising for prospective companies to express interest all over.

The decision was based on the fact that the government was eager to jump-start the power privatisation process without the bureaucratic red tape.

But presidency sources said the president based his decision to cancel the contract on a memo sent by the Bureau of Public Procurement (BPP), which for several weeks, had been pushing for its cancellation on the premise that did it not pass through due process as provided under the Public Procurement Act.

The Director General of the BPP, Emeka Eze, THISDAY learnt, was said to have kicked against the appointment of Manitoba because a few material irregularities had been noticed in the process that led to the company's selection.
http://allafrica.com/stories/201211140262.html
I think reading this post should be enough.

GEJ is trying to ensure that there are no doubts as to the transparency behind the govts power reforms. My own is for them to quickly sort this out so there's no loophole in the whole equation.

And for those crying foul, Manitoba was only to manage the TCN for a number of years for a fee.

Am sure some phcn workers would be popping bottles right now.
TV/MoviesRe: Why Hasn't Gulder Ultimate Search Been Hosted In The North? by Iolo(m): 1:44pm On Nov 14, 2012
@op,

Most of the Northern states are Sharia states where public sale of Alcohol is banned. Alcohol is not even advertised in their NTA stations over there(they scramble out such when hooked to the general NTA broadcast).

Besides, there's very few places in the North with any part of rain forest besides Plateau. The rest states are desert and semi-desert terrain. Very harsh even for the boldest.

I don't think any of the Northern states would welcome them cef as it would be against their Sharia laws.
PoliticsRe: Buhari, Others Approve CPC Merger With ACN, ANPP by Iolo(m): 11:18pm On Nov 12, 2012
xandy84: You are wrong with your analysis.. Ribadu did not win a single state in North in last election meaning he is not acceptable by northerners while Fashola is only popular in southwest giving Jonathan his best chance to win in free and fair election... My view
Ribadu would take the north if Buhari is out of the picture. You get?
BusinessRe: What's The Greatest Challenge You've Encountered As A Rising Entrepreneur? by Iolo(m): 11:52pm On Nov 10, 2012
OYINBOGOJU: I went briefly into haulage biz.

The challenges is not environment nor government policies.

The main challenge is lies.

Manager lie too much
Driver has no single iota of truth in his blood.
Everybody connected to that biz are lairs.

I'm only an investor,but its a shame you can't trust anybody when it comes to money iissue.
It does seem that the Uneducated are more prone to lying. Had similar experience with the business. You just need to be hands on.
PoliticsRe: FG To Buy 30 New Aircrafts For Aviation Industry by Iolo(m): 12:34pm On Nov 10, 2012
[quote author=Omo_Tier1]I thought the bail out fund was meant for them to purchase new aircraft to reduce their operational cost, which in turn should translate to more jobs creation over the long run? If anything, your claim that they could have used it to service their loans may not be true after all given that Arik currently is being weigh down by huge debt burdens that is preventing her from expanding on her operations.

Lets call a spade a spade. The first bail out was not well thought out and it was SLS smarting by thinking that throwing huge sums of money at the problem would provide the magic solution to the chronic pain the industry is experiencing, even though many aviation experts then rightly advice the FG not to toe that part.[/quote]I agree that the first bailout was a mess as the FG did not provide any guidelines to its usage. Also note that that bail out was approved during the Yar Adua administration. Jimoh Ibrahim diverted his own share of the funds to God knows where.

Of the challenges you mentioned. The FG has scrapped import duties and VAT which Arik CEO mentioned in times past as a constraint.

My point is to see that the FG is taking good steps maybe not all encompassing steps but still good all the same and is working to make the airline industry productive again. We've seen about 40 airlines go under in the previous 2 decades and that's too bad. Maybe with these steps Arik and co would be able to do better.
PoliticsRe: FG To Buy 30 New Aircrafts For Aviation Industry by Iolo(m): 11:48am On Nov 10, 2012
vanstanzy: 90% of the guyz hailing this move by the FG are part of the flying public and so see nothing wrong with it. Can u blame them?
U guyz don't get the problem here, the first disbursement was squandered and noone was jailed for it. Now another humongous disbursement is planned and noone is asking questions. Govt. should be made to be accountable, period.
I think it is wrong to assume that the fact that the FG does not like the way they spent money given to them means they squandered it. They could have used part of it to offset existing loans rather than expand their operations to create more jobs. They could have used it to offset debt to the leasing companies or fuel suppliers. They could have done a million legal things with the money that didn't end up creating jobs. You can't throw anybody in jail for these things.

Besides its the norm everywhere that this will happen when government does not spell out exactly how the monies to be disbursed are to be spent. This is why the government is now saying that with the second round of intervention it wants it spent solely on purchasing aircraft.

This will create jobs and new revenue for the government.
PoliticsRe: FG To Buy 30 New Aircrafts For Aviation Industry by Iolo(m): 9:17am On Nov 10, 2012
[quote author=Omo_Tier1]I take it your response clearly portray that you know little or next to nothing on what is involved in the purchase of commercial aircraft of the like of B737. N300BN intervention fund previously given was 'dash' or 'loan'? What is the business of CBN in this matter, if at all, shouldn't it be the business of the NExIM and in whose portfolio this sums should be deposited? NExIM is there to fund imports and exports projects of which this clearly belongs.

What is clear is this, order books are full, and if any, most of the aircraft available for sale not lease are tukunbo aircrafts or Aircraft rejected by those who initially ordered for it for several reasons. Lets not kid ourselves, several countries have privately owned and well run airlines with little or no state aid except with proper regulation and over-sight! Why is Nigeria case so different? The reason the likes of Arik et al can not survive is not the number of aircraft in their possession, mainly it is due to FG lack of grasps of the regulation frame work and proper over-sight required for the industry to function properly. Why is Aviation fuel more expensive in Nigeria than most neighbouring countries? Why are our landing fees exorbitantly priced without a commensurate investment in aviation infrastructure?

If the FG like buy 10000 aircraft, if the necessary government over-sight and proper regulation is not adequately addressed, the industry will always come begging for more. Aviation is one business that is very cash consuming yet highly profitable if the government plays the sole role of regulations with selfless interest. Of course we know the current FG lacks what it takes to put such in place, hence the cheap way out that would benefit the wealthy is to pour huge sums into purchase what will most likely be tokunbo aircraft. Like we come to know with GEJ's government, huge sums is expended on issues without much thinking.[/quote]I agree with much of your post in that the FG needs to do more to provide a less costly business environment for the airlines. But I do think that this type of intervention funds are a huge step forward and deserves applause.

Airlines would be able to expand their services and take advantage of more routes. There's also the fact that aircraft lease payments and loan repayments both make up a substantial portion of their business operations and if they are able to get these loans at very low interest from the Govt it'll help.

Don't know why you decided to attack me but no one says they must buy brand new aircraft. Anything newer than 10 years is cool. Once its had a D check which is the most grueling and the engines are refitted with new ones that's perfect for them. I personally don't think any of the airlines would want to wait the 2-3 years we all know it takes manufacturers to fulfil their supply requests.

FG has recently said aircraft and spare parts are duty free items. This should help the airlines like Arik with hangers to keep their fleet in good condition @ lesser cost.

Talking about fuel costs. That's where next the FG needs to tackle. How do you propose they go about it?
PoliticsRe: FG To Buy 30 New Aircrafts For Aviation Industry by Iolo(m): 11:43pm On Nov 09, 2012
[quote author=Omo_Tier1]If there's any iota of truth in this report, may I add that Aircraft is not like toys you go to shop to buy from the shelf! I know too well that the main global Aircraft Manufacturers have their order books fully booked especially on the "sweet" aircrafts e.g B787-8, A320Neo, A330, B737MAX etc. This tells me FG will either end up buying "tokunbo" aircraft from those European Airlines undergoing bankruptcy or from those American airliners whose ageing aircraft have been parked in the deserts or buy from Leased companies at Astronomical costs at the expense of Nigeria tax payers!

Why can't FG follow China's model whereby the Chinese national government through her ExIM bank grant cheap credits to Airliners of Chinese origin, with strict monitoring, ensuring that they get the best deal from the Aircraft manufacturers they choose to buy from?

Imagine if FG was to make a deal with Airbus or Boeing ordering fro 100 Aircraft of various sizes with commensurable reciprocal investment by these aircraft manufacturers in Nigeria e.g. build an MRO facility for their plane or build a sub-assembly line in the country?[/quote]I think your mixing things up. What they would do is to place approximate funds for 30 aircraft with the CBN. Each Airline is then to negotiate with an aircraft .manufacturer or leasing company. When they've agreed on the details, the airline memos the CBN to make payment on its behalf.

Its totally up to each airline to buy good or dead aircraft. And seeing that its a loan and not dash, non of the airlines would want to buy scrap.
PoliticsRe: FG To Buy 30 New Aircrafts For Aviation Industry by Iolo(m): 11:38pm On Nov 09, 2012
werepeLeri: and when America gave intervention funds to Auto industries to bail them out - what happened? What has government intervention got to do with privatisation.

http://useconomy.about.com/od/criticalssues/a/auto_bailout.htm

You people will criticise any move with half baked inputs, no contrary suggestion, nothing intelligent - just half baked comments that doesnt make meaning neither involves any thinking - example, "the government is confused" - what kind of contribution is this? Haba? Even if the government is confused, what other opinion can you share that makes you better than them or better than what they are offering?
Lmao. We call it the "average Nigerian is confused syndrome." Much of the masses don't even know how to think properly due to malnutrition.

"Let's blame GEJ for ermmm....let's just find anything" syndrome.
Computer MarketRe: P4 Desktop Computer With 17inches Flat Screen Monitor For Sale by Iolo(m): 10:53am On Nov 09, 2012
Can you sell d monitor besides d cpu? How much would that be? Also can we get to see the pics?
PoliticsRe: Ribadu Report Didn’t Follow Terms Of Reference - Okupe by Iolo(m): 10:41am On Nov 09, 2012
ballabriggs: How material are those your 'unverified' figures to the outcome of the investigation.

I have worked partly in compliance and there is no where you carry out a 100% verification. You only select samples that are material to the outcome of your investigation.

Did Steve Orasanye who hardly attended committee meetings and lacks independence being a member of the NNPC board, carry out any procedure to determine the materiality of these so called 'unverified' figures.

So how did he reach his conclusion?

Orosanye is a thorough man as you claim, but the same Orosanye agreed to be a part of the NNPC board which he ought to be investigating? What kind of thorough man does not understand the basics of being a member of an investigative committee?
The issue is that numbers were not independently verified and the govt can't act on such figures making the report half useless till a complete job is done.
PoliticsRe: Ribadu Report Didn’t Follow Terms Of Reference - Okupe by Iolo(m): 10:37am On Nov 09, 2012
smileyprin: Exactly my thought bro.
The online report and the one submitted to the President are two different things. That's another red mark on its own.
PoliticsRe: Ribadu Report Didn’t Follow Terms Of Reference - Okupe by Iolo(m): 9:16am On Nov 09, 2012
omoabike: Chief,
Are you aware that there were consultants and auditors from PricewaterhouseCoopers Limited (PwC)involved in the work of the committee?
So I do not understand what you are saying. Have you read the report at all or are you one of the people who elRufai said don't read?
The report have been circulating for sometime now online and I will advise you to go and read it rather than listen to what you are told.
The committee itself acknowledged that figures were not independently verified against those submitted by the govt agencies. You can't indict someone without verified numbers. That's d FGs point.
PoliticsRe: Nigerian Political Parties At War Over US Election by Iolo(m): 8:14pm On Nov 08, 2012
maclatunji: Wow! And Nigeria is the most democratic country in the world too from the days of the first military coup.
Stop being soo negative.

I was part of the elections and know flaws of the system and also measures INEC has taken to prevent fraud.

Take it or not, it is now extremely difficult to rig an election to point of the peoples will not counting. This is my point.

We are not yet 100% free and fair yet. But the days where people sit down in Abuja or wherever and use money, power and influence to win elections is over.

Take Ondo, Edo and the 2011 national elections as an example. Powerhouses (bankole etc etc) lost in their wards. The people's will prevailed. Possibly votes are manipulated here and there but not in enough numbers to affect the overall outcome of the elections.

This is Free and Fair in my books.
BusinessRe: 12 Surprising Signs You Could Be An Entrepreneur by Iolo(m): 2:12pm On Nov 08, 2012
King Solomon I: I like the fired from jobs part.... grin grin grin it could also mean: Check yourself man!
Or they are pursuing you from the village.
PoliticsRe: Nigerian Political Parties At War Over US Election by Iolo(m): 12:33pm On Nov 08, 2012
k2039: This old men are just embarrassing the whole nation.

It's obvious from this news that they are still not ready to learn.


Until election is free and fair in this nation,I dont expect the opposition parties to accept defeat.
Elections have been free and fair since 2011. The question is if the opposite parties can accept defeat gallantly like they are supposed to.
Jobs/VacanciesRe: Six Years After School, No Job Yet. He Is Frustrated & Confused, Pls Advice Him by Iolo(m): 10:40pm On Nov 03, 2012
My brother I don't know the kind of mind set you have but @ this point your going to need to begin thinking outside the box.

You read civil engineering in school and are already doing some construction hustle (which means you have some experience). What are you waiting for?

My advice for you is:

1. Go register a business name or company as in ltd.
2. Begin marketing yourself as builder/building consultant and source for construction contracts.

You would soon discover that you may not need a job to feed yourself and take care of family.

Don't be too hard on yourself. Everything happens for a reason but remember something bro, heaven only helps those who helps themselves. You desperately need to think of what you love to do and start doing it. Add your music as a hobby and maybe you'll find yourself in high places soon.

That's my advice for you.
Business To BusinessRe: Do You Have A Boxbody Truck? Business Opportunity To Take Advatange by Iolo(m): 1:37pm On Nov 02, 2012
What distances would the truck be made to cover? Are your jobs totally within Lagos state?

What's the range of possible payments on a 20feet box body truck weekly?

What's the name of your company and where is your office?
TravelRe: by Iolo(m): 1:30pm On Nov 02, 2012
afam4eva: I think should allow the passengers decide whether or not they want to jump off the plane. I'll rather take that risk than be roasted with Jonathan condoling my family.
Lol. You have a point.
TravelRe: by Iolo(m): 12:35pm On Nov 02, 2012
afam4eva: I just want to know why most planes don't have parachute so that passengers can jump off a plane in case of an emergency. Abi na for only film dem dey use parachute? I think i'll have to purchase my own parachute and wear it whenever i'm travelling by air.
I think its cause the average air traveler isn't trained to jumped off a plane. Even if this option were in place, a lot of people would still hang on for fear of jumping into empty space where its not 100% certain that they'd survive.

I also think that commercial airplanes are just not built for this as the cabin rapidly depressurises once the door is opened mid air. This alone could cause death to people. I.e. You can't breathe well under such circumstances.
PoliticsRe: Workers, Governnnor Wamakko On Warpath Over Flogging Of PHCN Workers by Iolo(m): 2:01pm On Nov 01, 2012
This workers should take the governor to court instead of writing stupid letters and calling meaningless strikes.
TravelRe: See What Nigerians Are Passing Through In Malaysia by Iolo(m): 2:28pm On Oct 31, 2012
ghettodreamz: Some people might turned illegal immigrants after they'd over-stayed their visa expiry date, while others might be due to finance issues which might forced them out of school, and before you know it, they end up in the jail that doesn't imply they got to Malaysia illegally sir. It doesn't cost any embassy/government anything to help all these people for goodness sake.
TravelRe: See What Nigerians Are Passing Through In Malaysia by Iolo(m): 2:28pm On Oct 31, 2012
ghettodreamz: Some people might turned illegal immigrants after they'd over-stayed their visa expiry date, while others might be due to finance issues which might forced them out of school, and before you know it, they end up in the jail that doesn't imply they got to Malaysia illegally sir. It doesn't cost any embassy/government anything to help all these people for goodness sake.
How do you propose the embassy helps?

Pay for their flight tickets home? Pay for their school fees and feed them? Rescue them from jail so that they can do whatever it is again that got them there in the first place? Extend their visas so they can continue roaming about the streets of Malaysia?

The Nigerian embassy is not a charity. If only we learn to play by the rules nobody would harass you in a foreign land.
CareerRe: The Minimum Salary A Wise Graduate Should Not Decline Nowadays. by Iolo(m): 2:14pm On Oct 31, 2012
richarts: Okay cool. Lets use your description. An unemployed graduate lives in Ikeja and has an opportunity to work at VI, what kinda salary should he not decline for a start?

People can also share their ideas and experiences.
50-60k ?
RomanceRe: Is It Advisable To Marry At 22-25 As A Man? by Iolo(m): 10:19am On Oct 29, 2012
Founder of Cosharis Motors got married @ 20years and it was the best decision he ever made. Bin married for 34years now or so.
FamilyRe: Debrief, cotton101 and those that came out alive. Got A Few Questions For You. by Iolo(m): 10:15am On Oct 26, 2012
Guitarlife: and what he is trying to point out is that there several ways to kill a fowl. You can shoot it, starngle it, electrocute it. Hell, you can even bite off it's head with your molars, the main thing being that it is dead.
Now there are ways to abuse. Why are you so fixated on physical abuse?
Why don't you take a stand against emotional, sexual, and verbal abuse which most of this women are renowned for?
How do you know the posters here whinning are not the ones who are even abusing their spouses physically ?
What I'm saying in essence is,
How do you know debrief herself is not a karate black belt holder and that it was her husband that actually got away? You copy now?
Truth you can't know everything. Why not stop being a Sadist and join the cause to help reorient our men and women towards having better marriages.

People change, people make mistakes and only an insensible person would seek to blame the ladies as being responsible for their marriages coming to an end forgetting that it was also key to their current state of happiness today.

Marriage is not by force. It is to be enjoyed not endured.
TravelRe: Plane Crash Involving Governor Suntai Of Taraba (Pictures) by Iolo(m): 8:04am On Oct 26, 2012
redcliff: [size=20pt]no my question be this, who go pay for the plane wey him spoil since he still dey alive

a. the governor
b. the state governement
c. the pilot wey allow the moumou no-sabi-fly-plane governor
d. the ashana wey him dey try impress inside the plane
e. all of the above.[/size]
F. The Insurance Company
EducationRe: Will Students Benefit From Learning With Audio visuals? by Iolo(m): 2:46pm On Oct 25, 2012
@OP -

Audio visuals are a great idea.

My advice is that rather than ask if Students would benefit from learning with audio visuals, ask yourself what the school stands to gain from implementing such teaching solutions.

Basically the school would want to weigh the cost and benefit to see which way to go. Possibly give them stats on how more students have been known to pass Waec/Neco exams with audio visuals raising the % of students who acquire 5' credit and above in that school.

Basically do some in depth research in how it can help the school (perhaps from a cost saving, less manhours spent teaching angle), not just the students alone.
HealthRe: FG To Ban ‘Date Molestation Drug’ by Iolo(m): 11:48am On Oct 25, 2012
qwest: While the banning of the drug is a good development, as it shows that the executive isn't insulated from the happenings in the society and is working for the citizenry; I don't think the primary use of the drug is for the negative use it has been put to. Perhaps banning the over the counter sale of the drug should be a better approach, making it a drug to be gotten by prescription only. But then that is Nigeria....
The drug officially isn't an Over the Counter drug. You need a prescription to get one. But this is Naija.

That's y de picked up the pharmacist that sold the kidnappers the drug.

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