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Itzlinda's Posts

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European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itzlinda(f): 12:19am On Jul 24, 2024
Why the only path out of Alhaji's tears is for him to concentrate on exports:

"Forget above market returns, Nigerians have never been able to pay just the actual price of the petrol they consume anytime in the last 3 or 4 decades. Even after ‘removing’ the subsidies with a flourish (“subsidy is gan!”) in his inauguration speech in May 2023, current reports suggest that they are now higher than when Bola Tinubu ‘removed’ them last year.

So to go back to that post which said “No smart investor would make a $19.5 billion investment and want it to be undermined by importers” - we have to ask again - who was this refinery built for? Because thinking about it logically for 2 mins will tell you that there is no path to any returns from selling a product to Nigerians who cannot pay the market price for it. Where will above market returns come from? Will the government ‘subsidise’ the product to a level that allows healthy returns?

The question of ‘importers undermining’ the refinery is therefore completely irrelevant. This is not cement where Nigerians will only build 10 houses instead of 100 due to high cement prices. Using the same approach for fuel will more or less cripple the economy. Importers are not the problem here at all. The only solution for Dangote is to get the refinery’s products out of Nigeria as fast as he can and sell them to people who can actually afford to pay for them. Of course there is no chance of above market returns in a highly efficient global market for refined products, but it is better than nothing.

The ‘importers’ meme has of course generated the most outrage since it is the easiest Nigerian button to press. Saying anyone who wants to ‘compete’ with Dangote should set up a refining operation in Nigeria is senseless since not everyone has a huge chunk of capital available from a government created market like cement to misallocate into a high risk low reward venture like refining. In Europe for example, what has kept refiners alive has been a boost from the war in Ukraine as well as several refiners exiting the market after they collapsed, leaving the survivors with a bit more room to breathe. From an investment point of view, there is zero attraction in a country like Nigeria where people simply cannot pay the price of the product you want to sell to them.

The only person who could commit $20 billion to such a safari in Nigeria is Dangote and he has done so. But the hard facts are the hard facts.

The sooner the Nigerian government and Dangote sit down together (they are still best buddies after all) and map an export strategy for the refinery’s products, the better for everyone involved. Ideally they should leave Nigerians out of their drama since the revealed preference of Nigerians has always been to pay below the market price of refined oil products (regardless of whatever else they say). Dangote can cry all he wants (and I must confess to mildly enjoying his tears), there is really no way to do a cement with a refinery.

The choices, for him and Nigerians, are pretty clear. Turn on the refinery and get the refined products out of Nigeria as fast as possible. As a dearly departed Twitter personality might put it - anything you see, you have to take it like that."

~ Feyi Fawenhinmi
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itzlinda(f): 4:43pm On Jul 21, 2024
izzou:
[color=royalblue]As at the time Dangote bought it, can you pay 850k for a plot, inside the bush?

Na now the place get value. Who was going to buy 1 acre in Lakowe 10 years ago?

It was a good deal, but it wasn't awoof as prosper is painting it.[/color]
Ask am. That 850k is like 5 meter now 🤣🤣
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itzlinda(f): 4:41pm On Jul 21, 2024
USAfall2024:
$100m divided by 2635 hectare = $37,950 per hectare or roughly around $3,415 per plot (100FT by 100FT). At the time of the deal (should be later than 2014/15 and a black market exchange rate of $1=250?), that equates around #850K per plot (100FT by 100FT standard plot o). Lagos State Government definitely gave Dangote a good deal for the land because they know the value the refinery will provide for the state in the long run if not, the value of that land is easily 5-10X higher than what Dangote paid.
No bro. That price can't be 5x for a land inside bush. It's good deal tho
PoliticsRe: LG Autonomy: Supreme Court decision, an assault on true federalism - James Ibori by Itzlinda(f): 5:47pm On Jul 11, 2024
Ojuntana:
How is it a big one? Kindly explain. The LGAs will suddenly start doing great and mighty deeds abi? No looting, structure or godtaherism just pure and unadulterated service to the people abi?
Is that what the states are doing with the local government fund?
FoodRe: Check Out The Tomatoes, Tatashe I Bought From A Trader At Shasha Market In Akure by Itzlinda(f): 12:24pm On Jul 05, 2024
OBTOREPA:
The tomatoes is like 40k here in PH
No way. It's tomato season now. You fit buy basket for 10k here in the north
CrimeRe: Large Cache Of Arms & Ammunition Intercepted At Onne Port (Pics, Video) by Itzlinda(f): 10:28am On Jun 25, 2024
Holyfic:
Righteousness nor go see this talk about o...Dumb fowl grin
Righteousness will die a miserable death
InvestmentRe: Crypto Currency Investors Thread by Itzlinda(f): 4:26pm On Jun 21, 2024
Fastt:
If you are afraid of opening your app, that's when you should be buying. If you are constantly refreshing your app, and seeing your profits jumping, that's when you should be taking profit. This is a psychological game. That's why e better to know your sh1tcoin well to see if you gonna stay with it during the downturn seasons. I no dey buy coin wey I no fit double down, I no dey buy when every one here dey jolly. It's the game, not everyone will make money. Sadly,This is a wild life here. Kill or to be killed. Luckily we can come back to life after being killed. How do you protect yourself in your next life? wink
I love this. Never looked at it from this angle. When you are depressed to check your app, that's when you should be buying
Technology MarketRe: Clean Elitebook G5, Core I5 8thgen, 12gb Ram, 256 Ssd @250k by Itzlinda(f): 9:14pm On Jun 17, 2024
How many hours battery
BusinessRe: Look At 80k Ram In Orange Market Nassarawa by Itzlinda(f): 7:02pm On Jun 14, 2024
iLegendd:
In summary, all the Northerners that come to the South for red oil, crude oil business, buying of inexpensive shoes, etc. should stop?

I support your idea of everyone growing their food and yes, everyone does. The reason the South goes to the North for extra food is not because they don't have, but they have too many eateries, hotels, businesses, events that lots of food is involved, etc. way MORE than the North.

Even without the South, the North will not lack fuel. There will always be a way. Also, even without the North, the South will not lack food, there will always be a way. In fact, that is what we want so that every region can be more independent and creative. Think about it.
Can you produce millet, maize, tomato in the south?
PoliticsRe: How FIRS, Customs, NUPRC Received More Allocation Than States – Agora Policy by Itzlinda(f): 9:43am On Jun 12, 2024
elrufiason:
Dear amiableMosquito your comment is laced with wisdom, but did you ever stop to consider that their allocation is bigger that 5, 6, 7 to 10 states combined.
I fact why does custom has a much higher allocation than the police and army?
No customs doesn't have much allocation than army. Go and check how much is defence budget.
ComputersRe: Elite Book 8gen Core I7 For Sale by Itzlinda(f): 12:28am On Jun 10, 2024
Drop your number
ComputersRe: Elite Book 8gen Core I7 For Sale by Itzlinda(f): 11:33pm On Jun 06, 2024
How much
Technology MarketRe: Dell Latitude 7390 2-in-1 Laptop For Sale by Itzlinda(f): 4:18pm On May 31, 2024
shrek4:
Still available
Never say never boss. Let me message you
Technology MarketRe: Dell Latitude 7390 2-in-1 Laptop For Sale by Itzlinda(f): 1:13am On May 31, 2024
300k?

400k is a price for USA used one. We can do 300k if you are game
Jobs/VacanciesRe: Monthly Net Salary Of Federal Government Ministries,departaments, Agencies And P by Itzlinda(f): 2:54pm On May 26, 2024
Mohisah:
Revenue generating agencies?
No. Revenue agencies are paid cost of collection.
Jobs/VacanciesRe: Monthly Net Salary Of Federal Government Ministries,departaments, Agencies And P by Itzlinda(f): 12:24pm On May 26, 2024
Mohisah:
Believe what Zaramite said to be true.
But, u believe in increase of salary if any CEO tender such request?
Many ceo/mds have been fighting to increase their staff salary with no success
Jobs/VacanciesRe: Monthly Net Salary Of Federal Government Ministries,departaments, Agencies And P by Itzlinda(f): 12:24am On May 26, 2024
ZARAMITE:
He has already reduced it.
Lol in this era of inflation when others are increasing theirs. Firs salary will be same with prison service be thst
Technology MarketRe: XPS 13 by Itzlinda(f): 4:29pm On May 24, 2024
Drop phone number
Technology MarketRe: All Offerup, Letgo, Craigslist, 5miles, Ebay, Amazon Deals.*READ FIRST PAGE* by Itzlinda(f): 12:35pm On May 23, 2024
Weirdoo:
Available
Price negotiable?
Technology MarketRe: SOLD Dell Latitude 5410: I5-10th, 8gb, 256gb Ssd SOLD by Itzlinda(f): 2:05am On May 23, 2024
350?
Technology MarketRe: Hp 840 G6 For Sale! by Itzlinda(f): 4:41pm On May 18, 2024
cutiedave:
This is 256gig ssd for 249k boss...

I clearly stated 512gig SSD above
Still, the price way up. Ssd can be upgraded at the fraction of the price difference. If you are ready to offer reasonable price we can talk boss
Technology MarketRe: Hp 840 G6 For Sale! by Itzlinda(f): 4:34pm On May 18, 2024
Technology MarketRe: Hp 840 G6 For Sale! by Itzlinda(f): 3:37pm On May 18, 2024
cutiedave:
yep...
bring it on

the date of the advertisement must not be latter than today.
and it must be from nairaland
It is recent, not today. April
Technology MarketRe: Hp 840 G6 For Sale! by Itzlinda(f): 3:16pm On May 18, 2024
cutiedave:
Good morning boss...
If you can show me anywhere on the offerup page where a 840 g6 with 512 ssd is being sold for 240k, I would sell this laptop to you for 200k ASAP.
Not on offer up on this nl sef. Bet?
Technology MarketRe: Hp 840 G6 For Sale! by Itzlinda(f): 1:22pm On May 18, 2024
Bring the price down more reason am. 840 G6 used ma is 240k. You wan sell naija used 280
Foreign AffairsRe: Peru Classifies Transgender, Nonbinary And Intersex People As ‘Mentally Ill' by Itzlinda(f): 6:03pm On May 16, 2024
IMAliyu:
Did you misread my comment?

I made no mention of right and wrong, so I don't understand your question.
They declare their perception of attraction to same sex as mental illness. You term someone mentally ill because his judgement is in divergent with the norm.

No comparison between polydactyly and Intersex as you mentioned. One has to do with physical deformity and the other is purely mind thing.

Peru might be right to term it mentally unstable
Foreign AffairsRe: Peru Classifies Transgender, Nonbinary And Intersex People As ‘Mentally Ill' by Itzlinda(f): 4:36pm On May 16, 2024
IMAliyu:
You do know Intersex is a biological condition that can be observed right?
It's like calling a person with polydactyly mentality ill.

Peru is probably like Nigeria, with misplaced priorities.
How's polydactyly has to do with perception of what's wrong or right?
PoliticsRe: Labour Rejects ₦48,000, Walks Out Of Minimum Wage Committee Meeting by Itzlinda(f): 4:10pm On May 15, 2024
MEEVEET:
Everyone knows federal government is not serious about minimum wage 1 full year you can't propose minimum wage

54k is 33 dollars

To escape the poverty line u need to earn and spend 2 dollar per day

So minimum wage should be 80 dollars minimum

See how we went from 180 dollars under PDP to less than 50 dollars under APC

Sad really sad
You are right but mimum wage has never been equivalent of 180 dolls in Nigeria in recent years
PoliticsRe: Labour Rejects ₦48,000, Walks Out Of Minimum Wage Committee Meeting by Itzlinda(f): 4:03pm On May 15, 2024
Very useless and incompetent fools.

House of rep remembers earn 14 million monthly for absolutely doing nothing. This not including the amount they steal from bogus constituency project and budget padding.

Some of them even spend months without attending a single sitting in the house.

They spend most of their time in hotels and guest house with their chicks enjoying their life.

But this wicked nincompoop are proposing amounts so pitiful that it cannot even buy one bag of rice.

Nigeria is a hopeless place filled with the most of wicked souls you can find on the universe.
FoodRe: Price Of Bread And Pure Water In Kaduna (video & Pictures) by Itzlinda(f): 2:12pm On May 15, 2024
just2endowed:
like 2 and 3 villages in the whole north right
We have more than 2000 villages and it happens only in less than 20. Work out the percentage
FoodRe: Price Of Bread And Pure Water In Kaduna (video & Pictures) by Itzlinda(f): 12:33pm On May 15, 2024
just2endowed:
in north there are factor in favour of them. there is no much agbero in the north that will be collecting illegal money, and the sellers are not that too greedy unlike in the south here. so i guess things will be a bit cheap in the north. the major problem in the north is insecurity and banditry
Banditry only happens in few villages. I don't know why you guys think like north is in flames

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