Iolo's Posts
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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 . .Perhaps they want to give potential investors no room for doubt. I hope this is the case. |
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. |
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.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. |
@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. |
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 viewRibadu would take the north if Buhari is out of the picture. You get? |
OYINBOGOJU: I went briefly into haulage biz.It does seem that the Uneducated are more prone to lying. Had similar experience with the business. You just need to be hands on. |
[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. |
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?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. |
[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? |
[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. |
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.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. |
Can you sell d monitor besides d cpu? How much would that be? Also can we get to see the pics? |
ballabriggs: How material are those your 'unverified' figures to the outcome of the investigation.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. |
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. |
omoabike: Chief,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. |
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. |
King Solomon I: I like the fired from jobs part....Or they are pursuing you from the village. |
k2039: This old men are just embarrassing the whole nation.Elections have been free and fair since 2011. The question is if the opposite parties can accept defeat gallantly like they are supposed to. |
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. |
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? |
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. |
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. |
This workers should take the governor to court instead of writing stupid letters and calling meaningless strikes. |
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. |
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. |
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?50-60k ? |
Founder of Cosharis Motors got married @ 20years and it was the best decision he ever made. Bin married for 34years now or so. |
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.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. |
redcliff: [size=20pt]no my question be this, who go pay for the plane wey him spoil since he still dey aliveF. The Insurance Company |
@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. |
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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