₦airaland Forum

Cannonleo:
the arrest of al-barrawi is a milestone in blocking the expansion of splinter organs of bh after the power tussle that heralded ansaru and bh . albarwai has had mainly a strong relationship with aqim and has had virtually no contact with bh over time due to that power tussle else how can one explain the immediate death of ansaru as a group as quickly as it emerged. the icing on the cake would be the eventual arrest of manman nur which would eventually ease up the current onslaught faced by Cameroon. As he handles the external operations of the group there.

just so you known it. Khalid al barawi is actually Chadian with a twitch of Nigerian blood his relationship vwith the shura tribe good bless NA viva nigeria

teadrake:
We could generate a whooping 10,000 megawatts from nuclear power plant alone,coupled with our hydro and solar system, that might be raised to at least 20,000 megawatts if properly implemented.
The summit benefits Nigerian in all sphere,as earlier stated, President Obama is leading the team to commence full operation in Nigeria.
#PMB travels isn't in futility

chinchum:
ok, i only skimmed through earlier. i was somewhat engaged. The NPT is not against using nuclear energy for electricity purposes, and i dont think there can be trust issues like we had in iran for reasons i highlighted in my earlier post. The NPT is a treaty against development of nuclear weapons, which is different from using nuclear energy for electric power production. When we get to that bridge we will cross it.

chinchum:
As to IAEA not putting a good word for us because of what occured in India, pakistan and iran. I feel you have to put in to consideration the tensions and fiesty political relationships india had with some of its countries it shared borders with, , bangladesh, pakistan, e.t.c e.g the kasmir conflict(india pakistani war) that led to loss of lives . Iran and iraq conflicts e.t.c in such cases, possession of nuclear instrument by one is a threat on the other. Nigeria's case is relatively different.

Born2Breed:
MORBID AVIPHILIA

Joarams:
Unfortunately, this Forum is on the loose. Hardly do comments on any thread make sense.

I believe the real problem is with the people and not the leaders. I read someone say, we don't know who we are or what we want. I agree! There's a lot of shallow analysis in the polity. People are impatient, quick to flow with emotional lines than understand the real stuff.

Since when did we not know that a process of rebuilding comes with pain and hardships worsened by falling commodity prices? Who doesn't know that the darkest period is before dawn? Who is ignorant that it's easier to destroy, to loot, to share bounties, to give fish than it is to build, to restore, to accumulate and to teach how to fish? We were warned that 2016 will be a harder year for all oil exporting countries (PMB or GEJ)...check out Venezuela and the inflation rate going on there now (it's over 100%). One of the reasons is because their fuel was the most-subsidized for citizens...perhaps to politically appease them (You can't eat your cake and have it!).

There are a lot of problems with Nigeria and with the way we chose our leaders and there are many more critics for those sets of problems. But, who will deal with the problem of the people? Who will criticise the way we train followers, the way we educate the people, the way we build citizens of a noble country?

chinchum:
Why the wailing zombies will continue to do what they know how to do best, Mr. President will forge ahead and get the job done.

two weeks ago, the director general of IAEA International Atomic Energy Agency, IAEA was in aso rock, nigeria.

19naia:
I am not a country myself -but in West Africa alone, Nigeria has significant export capacity. I travelled by road from Nigeria through west Africa all the way to Ivory coast. I saw long lines of Dangote cement trucks lined up at the borders and dangote has been able to consistently lower the price of a bag of cement despite ongoing inflation and drop of naira value, because it helps his over all sales and exports whch enhances his profit and product exposure for future growth. Thats a sure sign that Nigeria made cement is getting to other countries in Africa.

I was wandering streets buying products in Benin republic and saw products that were made in Nigeria or were imported to Nigeria where they were then sold to Benin republic. I noticed the Nigerian sourced products there were mostly higher priced than the average things people there buy. They have a lower cost of living there than in Nigeria and also lower income on average. Their currency value is nearly 600cfa to $1.
Imagine if the naira were devalued, many of the products exported to Benin would become more affordable to benin people if their own currency doesnt devalue along side the naira.
Benin is just one simple example, there are many other countries in Africa. I really think there is more money to be made exporting to other african Nations from Nigeria rather than many Nigerian's pathological affinity to ignore africa and imagine equity with and compare to the countries commanding the £,€ and $.
Equity in Africa is where Nigeria should begin. Compare the Naira to fellow African Nations and there is something to be proud of. 600cfa to $1 is what they have in Benin, togo, and Ivory coast. Ghana cedi is artificial redenomination of a currency that was being handled in the milllions for average transactions, so thats why it rates less than 4 cedi to $1 today.
Nigeria Economy compares well in Africa and there is a lot more Nigeria can do to fill Africa's needs and that will grow Nigerias Economy beyond the already giant status.
Even export of simple produce and common things that simple people use. The eagerness to ignore Africa and try to rank the Naira along side USA $ is a pathological issue related to what makes people spend all their money in USA and UK.

"Realistic" is the word and the reality is that Nigeria is in Africa and has an average standard of living and productivity among African nations. But Nigeria is the economic Giant for now. Oil expansion is happening in Ghana and other parts of west Africa and pipelines are going in across Ivory coast and those link to Ghana and the oil drilling going on offshore near the border of the two nations.
Nigeria struggles with electricity and piped potable water while these are not such a struggle in Ivory coast, ghana, togo and benin republic.
Nigeria cant even keep the most basic ammenities supplied to a standard similar to a meager country like Benin republic but it wants a currency to rank equitably with the US$ ?? The US is legally bound to supply water and electricity to all citizens at a reasonable price and failure to supply after contract and payment is grounds for law suits that will award payments of damages for food spoiled in the fridge, pain and suffering from no air conditioning, lost wages from no lights or computer or Wifi signal e.c.t. Even the roads, i met a woman among those who collected sum total of $138 million from the city of New york for damages and injuries caused by potholes and other aspects of bad roads there. All these things are factored into the ranking of a Nation's value which backs the value of its currency.
Raise the value of nigerias productivity and functionality as a good investment atmosphere and the currency value will follow. Even a low value currency can benefit by making nigeria products more affordable to neighbour African countries. Japan ranks in the top 5 economies in the world but its currency doesnt even rank as equal to the dollar as Honduras which is poorer than Nigeria.

Honduras lempira is 22.6 to $1 today and it is poorer than Nigeria.
Japanese Yen is 112 to $1 and it is likely number 4 richest nation on earth with a higher standard of living than the number 2 richest nation on earth and possibly higher standard of living than the number 1 richest nation USA.
Japan may in fact be number 3 richest if i am mistaken about Germany ranking number 3.

Japan keeps their currency value low to make it easier to sell exports around the world and it helps them rank veryhigh in economy and wealth. China does the same but Japan balances the devaluation by keeping salaries and domestic prices equitable to other well developed nations. In fact, Japan prices are very high compared to the aberage in USA.
I live comfortable in USA but will be un able to cope at a basic level with the same income in Japan.

Nigeria has production and room to expand it to allow export. A currency devaluation will only add to Nigeiras export growth. The strain will be in Nigeria's import heavy sector and it is pain that must be endured sooner or later. The Later option will only lead to the further devaluation of the Naira any way and strain the i pot sector any way. Its better to approach it realistically, endure the pain and adjust for the right path of productivity increase and export expansion within Africa.

Oil refinery products are coming soon and i am sure will follow the path of Dangote cement across the borders into west african nations and elsewhere in Africa.

egalitarian78:
The day Buhari agreed with d Aljazeera tv hostess dat it was 'tough luck' for students schooling abroad if their parents cud not source forex from d black mkt was when I gave up on d insensitivity of this admin . Mr Garba d issue here for me is not on d total amount but whether u sourced forex from d cbn at d govt exchange rate of N197 thereabout against what d president made us to believe. If d answer is Yes d nxt question is dat cud dat have been possible if not dat u were around d corridor of power hence a clear case of conflict of interest. Outside ur ward, u also sourced for ur nephews which in Nigeria parlance means children of d privileged around d govt; another clear case of prebendalism similar to d cbn illegal recruitment.

19naia:
Nigeria will benefit in terms of selling more exports if its currency is weak. The focus on production is alive and should be pushed further and the currency should be allowed to settle to a realistc rate relative to the state of the economy. Eventually, local production finding it's way to export will strengthen the economy and that will in turn bring the Naira back to strength. Dont forget where a weakness in one area can be a strength in another area.

erico2k2:
you are missing the point, shale is actually a cheaper way of getting Oil off the ground.

Kay17:
When you say States should exploit their natural resources what do you really mean? Does that mean direct investment?

Who will pay for the army navy and air force?

Who will manage inter state commerce?

What about air travel sea and rail regulations?

Who will pay for that?

Atlantian:
Run along boy, shoes get sizes, I am sure you will meet your equal on the way up. I hate trading by the way, when one says I am a businessmen, its only trading that comes to your mind. You shouldnt blame me for your ignorance please. Its best to get adequate knowledge before coming here to debate.

Please dont write again, you seem not willing to de-learn those junks and re-learn working modules.

Xclusivegrin007:
– Babatunde Fashola has secured the release of 300,000 electricity meters belonging to PHCN

– The minister of power, works and housing says the meters were locked up in a warehouse due to a legal battle

– Fashola says he hopes the large volume of meters would be used effectively Discos

Babatunde Raji Fashola (SAN), the Minister of Power, Works and Housing, has disclosed that he has secured the release of about 300,000 electricity meters which belonged to defunct Power Holding Company of Nigeria (PHCN) but were locked up in a warehouse because of a lingering legal case against the contract for their procurement.

According to The Indpendent, Fashola made the disclosure in a YouTube question and answer webinar in Abuja on Monday, March 28.

Fashola says he has ensured the release of 300,000 meters to help boost power supply.

The minister said he hopes that the large volume of meters would be put to good use by the electricity distribution companies (Discos) in the country.

He explained that the contract for the procurement of the meters was awarded by PHCN in 2003 but that legal actions instituted by parties in the contract had stalled their eventual deployment to homes in the 11 electricity distribution networks since then.

According to him, that case had been settled out court and alternative settlement reached by the parties. He said this would ensure that the warehouse where the meters are kept would be opened and they deployed.

In the same vein, the Federal Government has announced plans to add 2,260 megawatts to the national grid with the approval of 14 solar projects.

Fashola said during a meeting with French minister of environment and power, Mrs S Royal at the conference room of the ministry in Abuja, that the project would soon commence as the financial agreement has already been approved.


Source: https://www.naij.com/780224-war-poor-power-supply-fashola-makes-new-move.html

First off, you actually dont sound like someone who will be good in business, so do not ask me about my class, I am not a student, I am a successful business man. Business works in transparency. You can not fix the price of goods and not be mindful of competition as well as the twin pillars of demand and supply. It sounds great to say value of dollar in Nigeria is 199 naira, but the question is, what determines that value you place of dollar in your currency, is it determined by the standard economic yardstick ? That is what Kachikwu meant when he said he is not a miracle worker. He can only work with fact and figures.

While I do not support devaluation of Naira is simple. I do not want the lazy Presidency fixing the value of naira lower than the natural value. Allow the basic economic parameters of demand and supply and inflation to determine your fx rates so the entire world can see your transparency and rate you accordingly. Are we too afraid to face the collapse ? Yes, we have failed and we are a failed nation, we must accept that fact and then fashion out best strategy to crawl out of the valley. We cant hide it for ever, as it was in Greece and Brazil, needless to mention Zimbabwe, so it is here, but we must be transparent, we must accept criticism and we must allow States not Federal Government to be the Economic Centers. Federal Government is a parasite, a bully and a big failure.

Atlantian:
My opening line stated that I do not support devaluation, but I prefer if the CBN will allow Naira to assume its natural value based on laws of demand and supply of forex.

We must face the fact, if the economy has collapsed, it has collapsed and we must all face the effects so we can make the decision to fashion out best solution. At the moment we are less than a third world country, so why are we afraid of facing our reality so we can learn new strategies in governance ? The 36 States dependence on Abuja for allocation is what is killing the country, we either solve it now, or it will dissolve us all.

Atlantian:
No they will not collapse. Give them 6 months to prepare and utilize their allocations for business for profits. That is how American 52 States are managed. Federal Government has no business dashing you money every month.

Atlantian:
I do not support devaluation of Naira, but I support allowing the value of the Naira to be defined by the Economics laws; The Law of Demand and Supply. So we can predict the economy better. Without prediction, we cant really have foreign direct investments. No one invests in a country that the government can chose to fix value of currency and mar your profits. Fixing the price rate of your currency means we are holding on a false value of the Naira, even when the black market has already dictated the tune for local consumers. The false value of naira fixed by CBN is hurting imports and driving prices high due to unavailability of local alternatives to our everyday consumables.

Nigeria has a choice, but we are not taking charge of the situation, we still put Property lawyer as Minister of Power, Works and Housing and we still have an illiterate without knowledge of hydrocarbon market, drilling and mining as Minister of Petroleum and the same fellow is President. Its so sad.

Atlantian:
Ofcourse, no one feels happy about losing your currency, its sad, but when the system of government is 100% typical of models that the economy must recess, then you can only hold it for so long. It will eventually collapse.

We are treating symptoms and the cause here getting worse. The cause of the fall of naira is mono-economy; depending on a single export as primary source of capital gains. The solution is electricity provision, tax waiver for importation of machinery for manufacturing and increase local production of goods, which actually cant be done with diesel generators without driving the cost of production and products up, then inflation sets in.

Now, since our President has totally messed up the energy sector, what drastic measure should we take ?

Simple: Radical approach is the answer; Stop giving States Allocation. Yes, stop giving also means stop taking from states. States should exploit their resources and manage their infrastructures and build their power plants, while paying 40% taxes on oil/gas, solid minerals to Federal Government. States should establish their police and clinics and schools.

Federal Government is supposed to be a supervisor of States, not the God of States.

Except we change the governing structure, we must go down, real down.

Bevista:
This is a difficult decision for the president and monetary authorities. There are benefits/challenges on either side of the divide, but the decision of policy makers is based on what they consider the priority of the economy.
---
I believe the priority right now is to promote local manufacturing & production, especially in critical sectors of the economy. This will cause some temporary hardship but will lead to longterm benefits like job creation, improved Balance of Trade, self-sufficiency, etc.

mykl01:
Sometimes you wonder if these people have any other life asides NL.
Secondary School finishers just typing anything that comes to their brain
Leaders of tomorrow? God please delay their tomorrow; till they grow a brain.

adukenny:
What is Nairaland turning to, this is house is full of PDP rogues, Youths that don't belief in the development of our Country. See them, a lot of them are Cultist and errand boys for PDP looters. Whether you belief in Buhari and his programmes, Nigeria and Nigerians will appreciate him at the end of his tenure. I belief in Buhari and i know that he will succeed.

read well before u reply. I did say that Germany paid enormously for the holocaust and WW 11 and the subsequent prosperity was after some atonement and reparations . After the holocaust they lost their respect and after the second world war they lost global influence. Especially not being a parmanent member of the UN security council

German could have spoken in Africa just like English and French if not for their loss
after WW11 younger Germans expressed remorse for the holocaust. The holocaust is taught in German schools even from nusery school, unlike Nigeria who banned History in East and renamed monuments which portrayed historical truth. Younger Germans know the fore fathers were wrong. Germany also paid reparations amounting to billions of Euros to survivors and today stands out as one of the most liberal nations under mekel
its part of the characters Nigerians have. Not eager to accept truth. Today Germany is the biggest economy and most advanced country in europe. Are they accepting muslim migrants also as a 'consequence of defeat'?
Even Us respect them.

I also provided reasons to show that the coup didnt cause the pogrom. The coup can only result to counter coup. No real human with brain will justify killing of women and children who have no business with coupist. Only NIGERIANS like u have that mindset

stop putting genocide side by side with coup in ur vain attemp to downplay its gravity

but God is already punishing ur beloved pit of lies called Nigeria. U have two of five deadliest terror groups in the world. There is acute poverty, inflation, unemployment, extrajudicial killings, reccession and no hope for the future. Can you mention one country in the world that is not in a state of war where a Nigerian will not do better if he settles there. Nigeria is the worst country in the world.

trash! Was kumuyi harmed?