₦airaland Forum

oothoney: My Advice...

First of all...it has to do with his passion and desires. And also, what he would
Like to be in years to come, where he would like to be, the kind of life he would want for himself and his family to be...from the answer to this question: he would now decide which one would get him there...sticking with his natural gift or getting a paid job

The Art thing is natural to him and once you are doing what your passion is...there is no frustration but working for money(brings so much frustration)...cos it seems the only reason why he wants a paid job now is cause the art does not bring regular montly pay.

Working for paid job...he would not have time to concentrate on his art thing again and even the 250 00 he makes sometimes won't come again as he would only be living on his 85k monthly which sincerely is nothing(by the time he takes out all other expenses)

He should just be optimistic and knowing that if he gets 250 000 per contract now, there would come a time he would get a contract worth millions...one good thing about what he is doing is...a satisfied client would also bring another(which is simply referral and word of mouth)..

I think its better pays the price now...build his client base, satisfy his present clients so they can refer others to him...in the long run, it would pay off cos if he gets 85 000 job now, salary increment might not come till years to come and working for himself(he can earn as much as possible...there is no limit to what he can earn)

I understand the fact about fear and comfort of a regular monthly pay but he needs to put that aside and build on what he has...on the other hand...he can start designing cards(greeting cards etc) and so on

As I have said...the most important thing is...what vision, mission and purpose does he have for himself

Wish him all the best

Thank you Oothoney. Thank you so much for this post.

@OP, tell Debo to face his own business squarely. You say he is smart? Tell him to get a book titled "E-Myth Revisited". He can download a pdf copy from the Internet and get it from the nearest bookshop.

Let him learn how to build his own business. He should not work fulfilling another man's dream when he can build his own dream and hire people to work for him and build his dream for him.

A word is enough for the wise.

If he forgets his skills and work for another man and struggle for promotion, he will regret it when he is 60 years and he has nothing to show for it.

Never! I can't. I've had a few blind dates and they were ALL disasters. One of the ladies turned into a stalker.

BizBooks: CFCfan is correct when he said "on matchday 3, three English teams lost".

Chelsea lost to Shaktar (1 - 2)
Man City lost to Ajax (1 - 3)
Arsenal lost to Schalke (0 - 2)

Man U was only lucky to escape with a 3 - 2 win over Braga.

Luck only smiles on you when you work hard. No food for lazy man.

ohisola: Looks lik almost evry1 commenting is a manu fan. Wat hapend 2 d mockers n haters? We'll dats wat happend wen u я̲̣̥ on d winning side. Mockers r silenced. Unlike d chelsick thread

Don't worry, they will soon be here to shout Man United = PDP. As if FA will carry the ball and throw it into the net and count it as a goal for United.

hardbody: Sharrapi. You can go to work, abi dem hold you for leg?

Hmm...

Denn: if you hear about the frequency of holidays in China, you would be surprised

ref http://www.travelchinaguide.com/essential/public-holiday.htm

That is just 11 days for China.

Nigeria has 15 days.

http://publicholiday.org/calendar/public-holidays-nigeria-2012/

1forall: Only in a sick country like Nigeria would you have a 'good governance' team, is governance supposed to be bad?

They have merely provided the bare basics and want to be praised for it. Rubbish. Maku as Min of Info is on an image laundering mission for his paymasters and gullible citizens are here praise singing. Wont be surprised if some of those doing so here are are part of the problem.

Look at the apology of a road reported in the 4th pic - from the image there's no obvious drainage channel. It's just a tarred surface which shall have been washed away by the rains in another 12 months. Yes. It is not a new occurrence, abi na today e begin dey happen?

In the same pic there are several mobile policemen/soldiers wielding weapons of war, and air-brained, garbage-mouthed Maku and his entourage of low-lifers and rent-seekers want me to believe they are interested in good governance?

Very interesting. It is easy to identify jaundiced and biased sentiments.

IfeLuvely: After my baby had already arrived,the midwife took the gas n air off me, n i said to her can i have a bit more please, she was like but your baby is already out, I said I dont care, gas n air makes me feel good! I only had gas n air no other thing, n that stuff was gooooooooooood, i wish i cud have it allday everyday!

Hehehe. #Nutcase

I bet you were higher than Tonto Dike...

The wife of the President, the first lady, was seen alighting from an airplane at the Abuja airport.

Oh My God!

This is awesome! The creators of this animation have gone beyond the Nigerian standards. These are the kind of stuff dreams are made of. I saw first and foremost the desire to create something and express yourself not the lust after money.

Pure talent. God bless you! God bless you!!

We need more Nigerians like you.

gboss4sure: I have read a 250 page ebook before but I can't even read this whole writeup.

Can someone summarise what the OP posted

If your life depended on it, you will read it for sure.

Oh, your life depends on the budget, seriously. Take your time and struggle to read it. I read it and I have seen places where I can make money already.

Nice one Jonathan. I am impressed.

passion007: sorry about your baby and I hope she is getting better. Well, I do not know how old your baby is nor the pattern of her symptoms especially the fever. Nevertheless, you may have judged that doctor too rashly. The symptoms you have mentioned cut across malaria and penumonia. In fact, pneumonia is a close differential diagnosis of malaria in the pediatric age group. Besides, at your first presentation, there was neither cough nor breathlessness and the doctor was right in his diagnosis based on the facts he had.

I myself trained at the University of Nigeria--MBBS is far from easy to come by around here. In clinical practice, making the right diagnosis is not nearly so easy--in an ideal setting, one should have a side-lab where a full blood count and blood smear for malaria parasite would have been done, or else a rapid diagnostic test for malaria, with or without a chest xray. That would have made the right diagnosis obvious, but in our setting, the doctor is faced with peculiar challenges that stymie even the best brains.

I understand your aggression at the doctor--it's your child that's in focus, but at the same time, doctors are not magicians. We work with facts, that is why we ask a lot of questions because the answers to those questions will either support one diagnosis or refute another.

PS--about the doctor who was consulting with a text, there is absolutely nothing wrong in that. I myself consult with my tablet. Medicine is so broad and so diverse that it takes several years to have a working knowledge of all its different aspects. Besides, would you rather the doctor prescribes 500mg of Amiodarone for instance--only to find out laater that he had overdosed you. In matters regarding health, it is safe to make assurance doubly-sure.

Sir, what are you talking about? I am very angry right now but that doctor should be fired and sent back to medical school.

After taking a medical history, you do a complete examination and then lab investigations. It is obvious that the doctor did not even listen to the baby's chest before writing malaria drugs. All he/she needed was an ordinary stethoscope. How did the pediatrician diagnose the pneumonia? I am sure he did not have to do plenty lab investigations in the same hospital.

By the way, how can you prescribe quinine for a child who has developed resistant malaria (according to that fake doctor) and then send the child home? What kind of nonsense is that?

That doctor should be fired!

Sometimes I wish I was a lawyer, all these rubbish many Nigerian doctors do will land their asses in jail and they will start sitting up. It is because of all these nonsense that I left the medical profession.

Stallion77: The lady in front of her dont seem comfortable with the boat ride....

She is not in the last picture. She was obviously worried abouther Gucci shoes...

Networkmaster: THE LADIES IN THE HOUSE ARE SILENT ON THIS MATTER.
THEY ARE ALL GUILTY. YOU WANT TO GET MARRIED,
YET, YOU ARE MAKING LIFE A LIVING HELL FOR YOUR MAN
WITH YOUR HEAVY UP-CLASS MARRIAGE DEMAND, WHY WON'T THE
GUYS DELAY THE MARRIAGE? POSTPONE IT?
AND EVEN FIND A LADY IS THAT IS WILLING TO BE SUPPORTIVE?
MARRIAGE IS A LIFE TIME THING, ITS GOD'S OWN INSTITUTION
BOTH OF YOU HAVE TO GROW IN, THEREFORE, YOU BUT GOT TO BE PREPARED AND
NOT WASTE ALL THE MONEY YOU HAVE TO IMPRESS PEOPLE WHO CARELESS
ABOUT YOU.

This is supposed to be a wedding topic and the ladies are quiet.

We all know why.

2buff: Ok so what TOTAL BUDGET COST makes sense for this?

Depends on you. Spent 700K for my wedding. 150K including feeding 12 guests, ring wedding gown, registry fees and 550K on honeymoon

zannie: Is it even possible to have 50 guests at a Nigerian wedding? Cos dats wat I want. Small and intimate.
I tire for Nigerian wedding. Phew

My wife wanted less than 15 guests at our wedding. I was pleasantly shocked because me I wanted less than 20. Well, we got about 12 guests. Two years after, marriage going strong...

... and oh, she is not Nigerian.

candieangel12: Ima chick and I don't rlly want a big flamboyant wedding. What for? Its only 1 day. Wedding planning is a lot of stress, both physically, mentally, n financially, why wud I wana go thru dat? My dream wedding is me n my future hubby running off 2 some small chapel and getting eloped. Just me n him, thats all. I don't need all the other ppl. After eloping we can now do a small ceremony/reception 4 a few of our friends and family. Thats my idea of a romantic wedding...just me n my love

You don't sound like a Nigerian lady. Infact I am sure you are not.

Katsumoto: Stating that you are naive is not an insult nor is it name-calling. However, if you believe it is, I apologize.

Apology accepted.

Katsumoto: You are naive if you think that foreign investors will invest directly in Nigeria simply on the basis of its bonds being included in an index. You want to ignore
1. No infrastructure
2. Corruption
3. No education
4. Unstable political structure
5. Risks to Safety and security of life in most parts of Nigeria

You think foreign investors have bucket loads of money to waste? When Nigeria starts to invest wisely in infrastructure, education and becomes a mature nation, then investors may flood in.

At this point, I am no longer interested in discussing this issue with you. We were trashing issues but just to make your point, you resort to name calling.

The way you also make one point, then turn around and make another point that contradict your original point makes me believe that we will end up doing circles anyway. Oh and the fact that you do not even know that the Federal Government of Nigeria has Naira denominated bonds that are very liquid in a secondary market in Nigeria means you know next to nothing about the Nigerian financial markets.

Have a great day, sir!

Katsumoto: Not true

Yields for Spain and Italy have been going up and down for the past 18 months. They traded above 7% a few months ago, went down below 4% after ECB president, Draghi, stated that the ECB would buy sovereign bonds and have gone up this week (above 5%) as fears are mounting that Spain will request a bailout.

Besides, Nigeria is not very active in the bond markets and has a low debt to GDP ratio. I guarantee you that if Nigeria borrows regularly, its yield would be much higher than all European countries (including Greece).

So you agree that Nigeria has been able to borrow from the international market contrary to your original position that Nigeria cannot access finance? Your own words are reprinted below:

Nigeria does not have the maturity (accountability, maturity, vision, etc) to borrow from financial markets.

You keep contradicting yourself, sir. You also agree that Nigeria has very low debt to GDP, yet you keep comparing Nigeria with countries taking austerity measures with debt to GDP ratio of over 150%.

Katsumoto: 1. And where in the article does it state that JP Morgan has a fund which tracks that index?

2. I believe Nigeria first raised funds in London. I am unaware of bonds being issued by the federal government in Nigeria.

3. OTC does not prevent investors from accessing instruments; just simply means that the trade is bilateral.

4. You may become accountable in the long term but in the short to medium term, you have to implement austerity measures which hurt your citizens. Why do you think there have been protests in Greece, Spain, and Portugal?

5. So Nigerians should not be concerned about borrowing? Are you kidding me? Who do you think will pay if there is a difficult?

1. Call JP Morgan to get the full details

2. Hmm. So where did I get the FGN Bond January 2022 with a coupon rate of 16.39%, which the JP Morgan Index included?

3. What is your point and how does it verify your original post?

4. First, you say, it does not make Governments more accountable, now you say they may become accountable in the long run. Contradictions. I still don't see how the protests in Greece tie into the JP Morgan and Nigeria story and why it should arise. My point is, we don't care about the Govt. We want foreign direct investment, which will improve privatization and reduce Government exposure to running businesses. If the Govt does not control businesses, how will austerity measures affect us apart from politicians?

5. Read, we rejoice because of the potential FDIs, not the Govt borrowing. Read again.

Katsumoto: The presence of foreign investors will not reduce corruption. Investors will simply price the risk of investing in corrupt nations like Nigeria. If investors require 3% in Germany, 7% in China, they will require over 12% in Nigeria.

The other point to take into consideration is the outlook of investors. If they don't have a longterm outlook, they will simply attempt to make profit in the short term, increase debt (borrow more), and flee.

Read through my posts all over again and you will discover that Nigerians, including me, don't care much about portfolio inflows. We are hopeful that this will attract FDI (foreign direct investments).

Katsumoto: Countries that have been borrowing from financial markets for decades have all run into trouble in the last 4 years. Many European countries are still beset with repaying debts to investors. Nigeria does not have the maturity (accountability, maturity, vision, etc) to borrow from financial markets.

When a country is unable to repay its debts, one of three things happen
1. Default - you can not borrow any longer for a long time
2. Debt restructuring - IMF & WB come in and tell you to implement austere measures which puts untold hardship on the citizenry (and in the case of Nigeria, citizenry that are unlikely to benefit from the funds anyway)
3. You attempt austerity and still default.

The bottom line is that without Nigeria using funds more judiciously, unborn Nigerians will SUFFER. Most especially has the developed world is reducing its dependence on oil.

I agree with you on all points except one.

Nigeria has been able to borrow from the financial markets with a $500 million Eurobond currently yielding just above 5% with a BB- rating. It is about three steps lower than Spain and Italy but it has lower yields than that of Spain and Italy with the same maturity. Interpretation: Global financial markets trust Nigeria to repay its loan than Spain and Italy.

Katsumoto: 1. There is a difference between a fund and an index; what you described is a fund. An index is used mainly to measure financial instruments that have been identified/selected. The index is a benchmark against which investment portfolios are measured. If you track an index, then you can't beat it or be worse of. The FTSE 100 is an index tracking the leading 100 companies listed in London.

2. JP Morgan does not need to visit Nigeria to buy Nigerian sovereign bonds. It simply needs to buy from whatever market the bonds are issued in.

3. If the bonds are traded in a public/secondary market, then any investor can acquire them as long as there are no rules prohibiting the investor from acquiring them.

4. Selling your sovereign bonds on a public market will not make you more accountable. Take a look at Greece. If you cook your books, the rate on your bond simply goes so high that it becomes non-viable for you to borrow in financial markets as investors demand a higher return to compensate for the additional risk. That is why Greek bonds required double digit rates and Spanish/Italian bonds exceeded the 7% mark thereby preventing them from borrowing more funds.

5. Nigeria has to far failed to utilize the revenue it derives from oil judiciously; it has no business borrowing from international markets. Accountability and continuity is lacking in Nigeria. GEJ will borrow funds from the markets leaving his successors to deal with paying capital to investors.

1. The reasons Index are created are for funds that are linked to the Index to track them. Fund managers that want a passive investment will need to commit funds into the Index that has been created by JP Morgan. By the way, JP Morgan has a fund that tracks the Index and that is the reason, they and other managers that track the Index will come and buy the bonds.

2. Which other markets are the FGN bonds listed?

3. The bonds are traded OTC in Nigeria with several market makers with the Financial Market Dealers Association (http://www.fmda.com.ng) provides the bid-ask quotes.

4. You contradict yourself. When the yields rise to high it becomes prohibitive to borrow, the Government will be forced to check itself, if it still wants to borrow. You mess up and you find yourself in the Greece situation where you can no longer borrow. So, indirectly, there are forced to become accountable like Greece, Italy and Spain.

5. Nigerians, including me, don't care too much about the Government and we are not interested in Government borrowing. We are interested in the ancillary interests that will be aroused by the fact that JP Morgan has placed Nigeria in the global financial map. We hope, and pray, that foreign investors will see this and follow Actis and IFC into Nigeria by bringing direct investments, not hot monies through portfolio investments.

Pukkah: Kindly note that I never stated or implied that the transaction will worsen the situation of Nigeria. My stand, which I am yet to change, is that it not worthy inviting drummers for or throwing a party the way the President's sycophants - paid and unpaid - had already started going. Transactions like this should just happen and there should be no attempt to give it a political spin or put it under the 'transformation' agenda of someone. First of all, how are they spending what they have now?

Remember the improved Fitch rating that Nigeria got under Obasanjo? They rolled out the drums and rejoiced. At the end of the day, did it make the ordinary man on the street fare better? It was the same way that Aganga was going on and on about the debt to GDP ratio.

Your stand as I saw it on this issue as stated earlier by you:

Pukkah: Thank you! But has the country even demonstrated that it needs access to more finance?

The more the access to finance they get (through increases in IGR, oil revenues - increasing prices and quantity of barrels pumped per day, FIRS and Customs revenues,local banks' debts, contractors' debts, bonds, etc) the more they steal. That's about where the direct relationship stops.

When one looks at the front page of Nairaland today and sees headlines like 'All Federal Roads In The South-East Are Dilapidated' and 'Did Jonathan Lie In His Independence Day Speech?' together with the Tribune news item of 'Nigeria earned N5.5trn in 8 months'; all of which give an indication of decaying infrastructure, even when revenues are going up, amidst a weak and lack-lustre fight against corruption, you may want to ask yourself:

does a wasteful/corrupt government really need more access or less access to finance?

And you also wanted to know this:

Pukkah: Kindly educate me, how does listing of FGN bonds on some index, or even the issuance of new bonds or trading of existing bonds, whether for the participation of local or foreign investors, mean that Nigeria is surely moving forward?

I simply pointed out to you how and why Nigeria as a country, not the Government, needs more access to finance. Many thanks to Actis and IFC for believing in Nigeria and investing in Mouka foam, Tantalizers, UACN, Diamond bank, Ecobank, etc and not the Federal Government of Nigeria. This is what we are looking for and this is likely to increase as JP Morgan funds flow into the economy. We should roll out the drums for the world to see so that we can have more roads like Lekki-Epe Expressway handled by foreign funds and less of Apapa-Oshodi Expressway handled by the FGN. As for the political spin, count me out. I don't support it and I don't do politics until the moment I cast my vote.

I have also explained how the purchase of FGN bonds denominated in Naira will make foreign investors look our way and help us to build the infrastructure gap of N100 trillion, which we cannot finance on our own

Pukkah: May I also add, that privatization is not the only model to run governments successfully. This is one of the reasons one needs to be cautious in embracing some of these World Bank and IMF ideologies.

Unlike what many people believe, the way the developing countries have performed in the period of state-led development (1960s and 70s) was superior to what they have achieved during the subsequent period of market-oriented reform (1980 - 2000).

Since the 1980s, most of the developing countries have experienced a significant deceleration in economic growth. Per capita income growth in the developing world fell from 3% per year in the 1960s and 70s to 1.7% during the 1980 - 2000 period, when there was the greatest number of free-market reforms.

During the 2000s, there was a pick-up in the growth of the developing world, bringing the growth rate up to 2.6% for the 1980-2009 period, but this was largely due to the rapid growth of China and India - two giants that while liberalizing, did not embrace neo-liberal policies.

Few countries have become rich through free-trade and free-market policies and few ever will. Most of today's rich countries, including Britain and the US - the supposed homes of free trade and free market - have become rich through the combinations of protectionism, subsidies and other policies that today they advise developing countries not to adopt.

Privatization is not the only way to grow but unfortunately that is the only option we have. If you are looking for your Government to drive growth, you will wait forever because they are deaf and dumb. They believe they are winning the war on corruption. If they think they are, and we believe they are not, how can you then look up to them to drive growth? I have also explained how useless your Government is when it comes to running businesses and I gave examples like Nitel, NNPC, NRC, Nigerian Airways.

Unfortunately, the only option left for us is privatization. And once again, let me remind you, even if your Government comes clean and kill corruption totally, how can it use its budget of N5 trillion per year to invest in infrastructure that needs N100 trillion to build?

Pukkah: We had discussed how misleading ratios like 'debt to GDP' or 'deficit financing' are.

This is what I wrote somewhere in early August:

I am right with you with taking those ratios with a pinch of salt. But here is something to note.

1. The Nigerian Government did not call JP Morgan to come to Nigeria. JP Morgan did their analysis, they liked what they saw and they came.
2. Nigerians have nothing to lose with JP Morgan coming into Nigeria as Nigeria is NOT borrowing money from them because they are coming to buy existing debts. So they are the ones begging Nigeria to borrow money. It is JP Morgan that has something to lose.
3. Nigeria does not have any written obligation to do anything for JP Morgan because the debts are Naira denominated
4. The incursion of JP Morgan into Nigeria will improve the standing of the Naira with the attendant capital inflow
5. By buying these bonds, this will drive down yields in the bond market and will force the banks to lend to the economy as yields drop below inflation levels

I still await to hear what Nigeria has to lose from this transactions.

There is a lot of problem with Nigeria and I reiterate that these transactions will not in any way worsen our situation. We have more to gain.

Pukkah: You've already answered the question. Perhaps. May be. Now, I ask you, is this worth applauding? Need I say anything more?

Nigeria is so attractive potentially because if its huge market and infrastructural deficit so much that the country does not necessarily need any listing to attract foreign investment or investors.

Do you know what is putting so many investors that don't even need a dime from the government at bay? Corruption. You sound like an analyst but I don't know how much of the workings of government or the real frustrations to business you are familiar with. But, I tell you, corrupt government officials that demand for cuts and gratification are the ones killing the economy and it's not the listing of bonds on the index that will solve that.

Right now in Nigeria, who is fighting corruption? Or we expect that Index listing will somehow fight it for us because by then the global market/investors would look at Nigeria very well? The Oil and Gas sector that has witnessed foreign investment is an example.

Of course banks will be happy about this because they will get more fee income, whether or not the bonds proceeds are used for the purpose intended.

It is because of the corruption that we need the foreign investors to come in fast. We need to privatize the economy very quickly in order to reduce the pie available for politicians to steal. With Government running so many businesses and running them aground, we need many of the sectors in Nigeria to open up for competition and innovation. We saw what happened when Government left the banking industry. We saw what happened when they left telecoms, we will soon see what will happen when the power sector is fully privatized and hopefully the downstream petroleum sector.

See businesses like Nigerian Railway Corporation, NNPC, Nitel, Nipost, etc. At least there is no money to steal from Nitel again (corruption reduced in that sector because of privatization) and hopefully NNPC will be the next. Look at the companies that came up when the Govt handed the sectors over such as the GTB, MTN, etc. They may have issues because of many factors such as poor infrastructure but they deliver services.

Once again, we need foreign investors to come into Nigeria and bridge the infrastructure gap. Nigerian banks CANNOT bankroll the power sector alone, not to talk of Oil and Gas. I repeat that the incursion of JP Morgan into our market is welcome. It is a right step in the right direction.

If you see any negatives to the Nigerian economy or possible fallout from the entrant of JP Morgan into Nigeria, speak out. Because as far as I can see and as far as your post is concerned, Nigeria has nothing to lose. Absolutely nothing to lose and so much more to gain.

It is so unfortunate that many Nigerians are so blinded with hatred for the Government that they just do not see anything good come out of it, no matter what. It does not matter what they do, everything gets twisted and anything positive turns negative.

Pukkah: Kindly educate me, how does listing of FGN bonds on some index, or even the issuance of new bonds or trading of existing bonds, whether for the participation of local or foreign investors, mean that Nigeria is surely moving forward?

Let me explain the deal with JP Morgan in as simple terms as possible. JP Morgan runs an International Government Bond Index that includes the sovereign bonds of most developed economies and selected emerging economies. Nigeria met up with all their necessary criteria and the size of the Nigerian FGN bond in the Index is going to be between 0.5% - 1.0%. Nigeria is NOT going to issue bonds (or debt) for JP Morgan to be purchased. JP Morgan will come to Nigeria and buy the bonds from the Nigerian bond market just the same way foreign investors come to buy stocks on the Nigerian Stock Exchange. This Bond Index is run by JP Morgan and held passively by investors who want to have international exposure in their portfolios. This Index is not available for everyone so many other international financial houses try to mimic the Index by copying or replicating any purchase, sale or rebalancing that JP Morgan does.

Because of this inclusion, international investors will be forced to take a closer look at Nigeria and the potentials available in other sectors. This will also force the Nigerian Government to be more accountable as global economic lenses are focused on Nigeria. It is not a silver bullet that will solve our problems but it is a very good start.

Why is it a good start? The main problems we have in Nigeria is infrastructure deficit in the region of N100 trillion to N125 trillion. Nigeria does not have the capacity to finance this. We have a budget of just N5 trillion per year and even if we spend 100% of it in bridging the gap, we are looking at 20 - 25 years. This does not factor in inflation. And this also means university lecturers, doctors, perm secs, senators, presidents and all those that depend on Govt will not be paid for 20 years or more. The only way to bridge this gap is to attract foreign investments. And if you think Nigerian banks can finance infrastructure, let me remind you that all the bank assets in Nigeria are just N10 trillion. We just don't have the money to do this on our own.

Perhaps the inclusion of Nigeria in the JP Morgan International Bond Index might just help us. Maybe.

Frank-C:
@Pukkah
...and while at it, he can also tell you how TI rating of Nigeria or Nigeria global competitive index or child mortality rate or even GDP translate to Nigeria moving forward...

All the ratings you noted above does not have anything to do with this purely financial transaction. The Indexes JP Morgan saw are those that are ignored by opposition politicians, which even the Government is silent on because they know Nigerians will not understand them. I will spell some of them out.

The total debt to GDP ratio in Nigeria is just 18%; global emerging market average is about 60%. Greece is almost 150% and Italy is about 120% and the US is 100%. This means the debt Nigeria holds is not enough to bring the country to a standstill if we have to liquidate them in one week.

The Nigerian budget deficit is just about 2% of GDP. The global average is about 10 - 15%, which means Nigeria borrows very little to finance her budget when compared with other economies.

While the Naira has depreciated over a very long time, it has been stable for two years with very little volatility. It is also the best performing currency in Africa gaining 2% to the US dollars year to date.

All these figures give foreign investors confidence. They might not make a lot of sense to you but I can assure you that it is a very good start. A good one. And there is hope for Nigeria.

Slyp: Somethin like wot and where do you expect them to raise the capital, to steal or wot? It is people like you dat celebrate criminals who always claim to have started small

Wow!

sheyguy: What's battery life like? Most touchscreen phone drane-battery fast and so i am expecting nothing less than 1500mAH.

I have an HTC touch screen phone that lasts me for three days after full charge.

Seun: Will they run Android?

I think Nokia has an agreement with Microsoft to build all their new phones on the Windows mobile platform.

fstranger: First of all, this is a public forum, it is not your father's website and neither does it belong to your wretched, poke-nosing family. So you cant tell me where and where not to post.

Secondly, You and your wife are a perfect match in your lesbian family. I bet your wife is more manly than your p/u/s/s/y self? Not only did you entertain a fictitious story, you even went ahead to create a thread for it like a true p/u/s/s/y that you are. One wonders if you werent put up to this thread by your more manly wife. . . Were you raised by a donkey?

Raised by a donkey or not, it is time to grow a dyck dawg!!! Grow one!

### Odeski

So much anger, spite and venom for a harmless post. Speaks volumes and I now understand your opinion about the issue...

I'm also interested in other people's opinion about the case.