Jomoh's Posts
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ibbryte:Someone can use a cord meant for strictly charging instead of a data cord. |
IFNOTGOD:It is obvious from the foregoing that this discuss is beyond your intellectual capacity. Instead of you to keep quite, read along and learn you choose to display your mental disability. Your case is not lost. You still have hope.
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seguno2:You're such an unfortunate stark illiterate. I presented a graph to you that covers from 1959 up to 2017 yet you're still asking for figure. You're such a waste of money. A jelly fish with no brain will respond well to training than you. Am sorry I don't have time spoon feeding sycophants. Tell whoever sponsored your education to go and demand for a refund from your alma mata. |
989900:My brother thank you o. I don even go watch football. I've seen they're illiterates and the worst is that they refuse to learn. I am not disappointed by them cos if a chartered accountant can think like them so mush so someone who probably is not in that line. |
IFNOTGOD:Why should I waste my time on an illiterate who refused to learn the simple laws of economics. |
seguno2:did you notice this in the site you copied from or you ignored it? oh I forgot you didn't bother to read it. "Prices are based on historical free market (stripper) oil prices of Illinois Crude as presented by Plains All American. Typically Illinois Crude is a couple of dollars cheaper per barrel than West Texas Intermediate (WTI) because it requires a bit more refining." It took me less that 10sec to see that. BTW Nigerian crudes are of the most expensive in the world even more than the WTI that is said to be more expensive than the prices you posted cos they are lighter and requires less time to refine. of the graph is from 1959 did it jump 2010-2015. |
felixomor:First infrastructures(capital expenditures) are not what you start in a year and complete under 3years especially in a sensitive coutry like Nigeria where every street and every room want inclusion in federal govermants budget without recourse to the thieves in state government house while the oil prices are not favourable. My brother, there's a huge difference between Breakeven and Breakthrough. All you mentioned are characteristics of someone trying to break even not someone trying to break through. Now let me explain to you in a layman's language. This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement. Now Dangote can decide to not borrow, pay up his debts(his Dangote cement must have some debts), keep paying his staffs salary(and even I crease their minimum wage) including the security outfit that can be outsourced(unprivatised agencies) for less expenses. He can the continue to save small small from his small revenue(budget) without borrowing. Whereas he keeps having babies, adopting kids, employing more staff (population growth) or He can use the money he used to pay up the debt to start the refinery so that the bank knows he's serious about growing. Use the money saved from outsourcing the security(privatisation and subsidy removal) to ensure salary is steady. the money saved from the two above will also increase the networth of his Dangote group. Then use his Dangote cement with it's profitability projection(external reserve) as collateral to borrow $9b for his refinery and continue to grow. It's your choice, you choose one. |
Ugosample:I need statistical evidence not your emotional and ignorant interpretation. |
IFNOTGOD:Spend from the external reserve? no wonder Nigeria is where we are. You need $200b for capital expenditure and you have $33b so you spend the whole $33b on it? marvelous. let me explain to you in a layman's language illiterate. This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement. A country's external reserve is the most important factor for any serious nation. |
seguno2:I would have said google is your friend my dear but I know you're an hypocrite and an illiterate one at that. Here you go. it's even a graph for illiterates like you. http://nigeria.opendataforafrica.org/iaeapfb/monthly-crude-oil-prices
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felixomor:Mention them and mention the capital expenditures they spent money on. Debt clearing is not the most important. the most important is what you achieve. what is the point of clearing debt when you cannot use the money to fund capital expenditure. Norway has one of the highest Debt in the world but they are one of the richest countries on earth and one of the best countries in earth you can stay of you have the money. Your debt does not define you. What defines you is what you spend the borrowed fund on. There's hardly a justification you can give to paint this government bad in terms of economy because your first question shows how much you know about economy. Don't take it personal it's not an insult cos like u told you, a chartered accountant friend of mine also asked the same question. What you don't know, you don't know. There's no short cut and no crime in it. A lot of things are going on in this government that Nigerians should be very happy about but no we choose to focus on trivial issues of politics that has nothing to do with the growth of the economy rather they divide us as a people. |
seguno2:Yes he did all that with the cosmetic growth Nigeria had with oil price averaging $110 per barrel and when the cosmetic make up was cleaned and the oil price started dwindling, we started paying for it. He started borrowing to pay salary. Fuel scarcity returned towards the end of his tenure. The was no enough external reserve to defend the Naira. So Naira started it's inevitable steady decline until the new government was able to get a foothold. Now the Naira has been stable for close 6months Inflation rate has been stable for close to 6months. External reserve is growing. Investors confidence is growing resulting the the oversubscription of the Sukuk bond. The economy even recorded growth in the second quarter according to IMF. these are the real economic indices that people should look at instead of the politics around. |
felixomor:Because external reserve is not meant to be spent. it is a collateral that the creditors see that your country has the capacity to payback it's loan. The higher your external reserve, the higher the amount creditors will be willing to loan you for your deveopment. Most people don't understand this. Even my chatered accountant friend shamelessly asked this same question. The joyful thing about this government is that unlike the previous governments we've had in this country who borrow to fund recurrent expenditures like salaries, this government is borrowing to fund capital expenditures. An example is the Sukuk bond that was handed over to Fasola to constrict roads. |
Wow the new Aare. |
This is what a guy wrote on Facebook about fornication. Is he right or wrong? What do you think? Can someone call Lalasticlala so we can know what people think.
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policy12:I just heard a gist 2days ago about a rich mans son trying to get rich (he probably taught his dad did money ritual) so he was asked to eat a concussion. He couldn't finish it. Though he wasn't told but the concussion was said to made with flesh of 7different thieves. Its called "ogundabeje" in ifa parlance. Where do you think they get the flesh of seven confirmed thieves from? |
Coming |
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Lucifer |
I need to know about Edo airplanes |
How many times I wan see this topic today. |
ivolt:ignorance is not knowing' illiteracy is not willing To learn. |
ivolt:The same Quran that gave the Atomic number of Iron(26) long before Science. https://www.islamreligion.com/articles/562/miracle-of-iron/ The same Quran that explained the stages of pregnancy a thousand years before Science had ultrasound. https://www.islamreligion.com/articles/216/quran-on-human-embryonic-development/ The same Quran that explained the function of mountains as a stabilising agent long before Science even think of it. https://www.islamreligion.com/articles/215/quran-on-mountains/ The same Quran that told science the lowest point on earth. https://www.islamreligion.com/articles/1563/victory-of-romans-and-lowest-point-on-earth/ The same Quran that talked discussed the big bang theory and expansion of the universe thousands of years before science. https://www.islamreligion.com/articles/1560/quran-on-expanding-universe-and-big-bang-theory/ The same Quran that told science the medical importance of Honey. https://www.islamreligion.com/category/34/scientific-miracles-of-holy-quran/ You need to learn about the Quran instead of making baseless assertions born out of ignorance. realmindz:You need to visit the site above. Better still you can type "Scientific miracles of the Quran on google".
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chukzyfcbb:Thank you for educating that idiot. Those are the type that claim they're educated but don't know the primary meaning of education. They are the reason why they say Nigerian graduates are not employable. |
While this developed countries keep moving away from fuel based vehicles, my African youths keep inventing once coner dance. |
Hilarious thread |
princeemmma:I don't know about the Rostov pitch cos I haven't seen it but any pitch poorer that this is not suppose to qualify for playing football. Its dangerous for the players. |
This is the poorest football pitch I've seen in my life. Some people have embezzled the money meant for the maintenance of that beautiful stadium. The condition of that pitch is worst that that of a potato field. |
Calmpoacher:You are the narrow minded here If you don't recognize where you're coming from you cannot know where you're going to. I still make bold to say that anyone that blames that road in this government is a fool of the highest order. Fasola has included the road in his plans so you or anyone have nothing on this government as to that road. If anyone will blame the Fasola's government(past) on this mess then they should able to recognize the PAST of the APC party members. Talking about taking responsibility. You don't take responsibility for what you have no hand in not especially something you made practical attempt to change. That will be liability. Learn your English before replying my comment. It is convenient for you fools to blame Lagos state government for federal roads in the state but you forget that you have state government in your own states when it comes to Second Niger bridge. Useless set of ingrates. |
humilitypays:Fasola is totally blameless cos he actually started the reconstruction in 2012 but was stopped by the then FG under GEJ. |
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