₦airaland Forum

azpekuliar: This has for long puzzled me. Why do motorists in Lagos drive around with their head lamps on. And I mean regular motorists, not a VIP convoy. I can understand if its done on a hazy day, rainy day but in clear day light and with perfect driving conditions . Or could it be an attempt to show off their vehicles, because a vast majority of the vehicles range form mid-budget to top of the range vehicles, but evn then very few of them have Xenon High Intensity Discharge Head Lamps which I saw on a Ducati this morning and was awed. Even jalopies on Lagos roads are part of this trend. Should this one be added to the list of the motoring cultures peculiar to us as Lagosians/Nigerians or this also obtains abroad?

bappahman: If the Tambuwal/Fashola ticket becomes a reality do u think nigerians will vote for them

chymystique: ROTFLMAO!!! .... Pls Who is Dt Lil Boy on Black Suit Wey Look Like a Black BUTA DRUM!? .... Loll.... Damn! D First FAmily Aint Reppin @ all

0lumide: First of all, your Analysis of my analysis on privatization in Nigeria is so flawed, I doubt you read my full post at all.

Here is what I will try to explain to you again:

Before we go into your full nonsense of non "privatized" economies being unsuccessful. As successful as the Chinese economy is today, It started first with publicly owned enterprise. It didn't start with privately owned enterprise. Even as China is moving towards capitalism, they are currently practicing state capitalism which is still against fundamental issues of privatization and leavving public amenities in the hands of private owners.

I will tell you an example of some of the most successful public institution.

MPI: The company is owned by the province of Manitoba in Manitoba (public). Investors are allowed to come in but you will have to buy franchise not buy out the company lol. Manitoba Public Insurance (MPI) Has the best insurance policies in North America and are insured by the biggest insurance company in the world(AIG). AIG isn't government owned but it is public owned but they are insuring the best insurance policy in North America which is government owned. What stops our rich men from offering management services to oil sector, tel com sector, etc.? You really are not learned in economics at all. If we don't have oil in Nigeria, do you think the government projects will survive on taxes from 18k minimum wage? The government will have to dabble into investments too. And selling public assets isn't a good idea.

Do you remember Manitoba Hydro? The company Barth Nnaji brough from Canada? Do you think it's privately owned? Manitoba hydro is also a government owned power company in the province of Manitoba. Another telecom company is owned by the same provincial government in Canada and it's called MTS. It's the most successful tel com company in the province. Dude, you have no idea economics dude. You brought Cuba as an example of how public enterprise can go wrong? Why not use Iran, Libya and China with publicly owned enterprises and a sound economy? Using a straw man's argument to support privatization is just simply flawed and lame. Extremely lame, it gave you off as someone who know nothing about global economy.

Do you know about Sovereign Wealth Funds? Do you know the countries that have SWF? what do you think the money is been used for? China just created MGM resort/casino in Las Vegas publicly owned with China's money. What do you think governments do with SWF? they use it to buy up companies. Is Nigerian economy better than that of China? China is investing in not only China but outside China and they are not private enterprises.

I shouldn't be debating you dude. You know nothing of economics.

Krucifax: Your opinion is thoughtful but fundamentally flawed! The summary of your write up is this "Do not privatize because of unfair monopolies and business practices,government should therefore retain all control!"

To understand why this ideology is flawed all you need to do is look at nations that have tried it i.e CUBA.
This concept you suggest stifles enterprise,kills creativity,is highly inefficient and ensures a lack of progress in any society it is implemented!

I see you have some understanding of Economics in your reference to elasticity, then you must surely also know that investors and ventures capitalists(the life blood of economic growth) run away from countries with overbearing government control on business.

Privatization is the exact opposite of what you have written about. Privatization as opposed to Nationalization is the concept that actually ensures economic growth.
Privatization ensures competitiveness and efficiency (as companies fight to out do each other for market share).
Privatization ensures innovation.
Privatization "generally" ensures minimal political collusion and profiteering.
Privatization increases revenue to government in the form of tax and license receipts.
Privatization "should" lead to lower prices as a result competition and market share scaling by companies.
Privatization "should" ensure better standard as Nationalization means govt regulating themselves (very bad idea).

Privatization does come with down sides as all things,but these have to be factored in as normal with every economic plan. The problem in Nigeria is not the Privatization per se but the business environment.There are issues with;

Unnecessary bureaucracy
Poor infrastructure
Skill shortage
Little investment incentives
Poor leadership

These need to be addressed,however it shouldn't be done with govt calling the shots because a Politician is not a Business Man!

anitank: "I AM PREGNANT" she
TOLD her MAN... he
SMILED and KISSED her
LIPS and said
"CORRECTION my LOVE,
we ARE pregnant. FOR that CHILD in YOUR womb is
HALF of ME and HALF
of YOU;
and I will NOT let
YOU go THROUGH the
PREGNANCY alone... I may NOT carry
OUR child BUT i WILL
carry YOU and OUR
child IN my HEART and
CARE. I WILL
be THE best FATHER to OUR child...WE are
PREGNANT!"
Now that's a REAL MAN.
♥♥

taharqa: Jesus Christ of Heaven!! Can you IJIOT point out exactly where I lied here. Plz itemise it if you can, abeg.... By d way by NIPP, were you talking about that thread where you were caught in yr LIES that d Geregu Plant in questn was d one that OBJ built (ie d 414MW GereguI), instead of d one built by GEJ (ie d 434MW GereguII)?? I hope you were not talking about dat thread, I mean you cant- even though it is yr Job Specs to discredit everytin GEJ, I refuse to bliv you can be that SHAMELESS esp afta bn caught in a lie

Gbawe: Thank you !!! I will never understand why Nigerians, often well-educated, choose to be sentimental and biased, to the extent of blinding themselves to what is obvious, when ethnicity is thrown into Politics. This is not the North bullying GEJ. Nothing of the sort. It is GEJ reneging on the pledge he made to Northern governors in his Party to secure the support that defeated the Northern consensus candidate i.e Atiku.

I don't know why some love revising history once the ethnic angle is worked by treacherous characters. Anyway, some will realise why the PDP is regarded as a "Northern Party". I will first urge some children here to go and look at the PDP voting delegates according to region. With GEJ's open treachery, let us see if even one Northern candidate will dare vote for GEJ. South West delegates Nko? Is it SS and SE PDP delegates alone that will win it for GEJ?

Why do people think team GEJ has thrown the idea of "automatic return" for it's Presidential and gubernatorial candidates in the public domain if not that some now realise that GEJ stands no chance of gaining the PDP ticket under the system of delegate voting?

taharqa: You are a LIAR, guy. If you read the article at all, you wud realise VERY CLEARLY dat it was d figures from d Govt side (am talking of d Reserves, not Educatn funds) that are correct. It is also very clear that it was GEJ dat startd to raise both d Reserves and its Excess Fund again afta falling during Yar'adua and d 1st yr of GEJ, just as GEJ is d one that passd d Sovereign Wealth Fund law and pushing to convert d 'illegal' Excess fund to d more secured SWF. This article is coming from a group of writers that from d texture of d article are 'anti-GEJ'....

Initiating the Sovereign Wealth Fund (SWF). A seed capital of $1 billion was provided to kick start the fund as well as establish three sub funds- the Nigeria Infrastructure Fund; the Future Generations Fund and the Stabilization Fund which will be the pillars of the SWF.

taharqa: Yes OBJ left more than $60billion in our Foreign Reserves b4 he left (though he had negotiatd d removal of $10billion for the NIPP projects just b4 leaving). A huge chunck of d money (more than $20billions was removd during d 3 yrs of Yar'adua who didnt do much during his time as I hv always said here); to be fair to Yar'adua, it was during his time dat d 2008-2009 World economic crisis happend such that parts of d fund was usd to augment d Money shard by d Federation and also to defend d Naira by Sanusi's CBN, although he also allowd State Governors to pressurise him to 'share' out sm of d moneys for their own 'urgent state projects'. This trend continued unfortunately briefly unda GEJ until middle of 2011 when d decline in d Reserve's value was reversd and it began to increase again. The Reserves and the Excess Crude fund for instance both increasd from about $32billion and $4.5billion at d beginning of 2012 to about $44.6billion and $9.6billion respectively within dat one yr period and is still increasing ($1billion was also set aside for d critical SWF fund within d same period). Questns needs to be askd about what ALL d monies drawn from d Account during d 3 yrs of Yar'adua and the 1st yr of GEJ were usd for both in d Federal but also in d State and LGA levels, still this is d FULLER stori...

But by end December 2008 and 2009, the Excess Crude Account had been depleted to $20.34billion and $6.54billion as unveiled by the CBN Annual Reports for 2008 and 2009;

And by end December 2010, the Excess Crude Account has only $2.20billion left, but it increased to $5.20billion by end December 2011 as contained in the CBN Annual Reports for 2010 and 2011 respectively.

omenka: Sorry, I don't jaw jaw with kids

festusf: Consult real man of God for prayer concerning decision u want to take.

omenka: God bless u! This is exactly my sentiment. Much as I relish our victorious outing, and unreservedly congratulate the Eagles for bringing the trophy home, I take very strong exception to the president dolling out national honours like he's sharing groundnuts? This man has succeded in bastardizing every single symbol of honour this country has. Even though some of his predisessors might have done dsame, jonathen seems to be a trail blazer in this regard, giving it out to confirmed crooks in the NASS and some 'movie stars'! The national honours is now as worthless as the 'peace ambasadorship' every musa, obinna, and bola can purchase as long as they have money.
A better idea in my opinion wouldave been to erect a monument in their honour. A symbol that younger ones can see and aspire to having one of theirs put up some day in future. Such monuments would even help give some kind of aesthetic apeal to the city of Abuja. The more the statues or monuments, the better.
Why the hell does he think in order to motivate a people to victory you must give them money, plenty of it. This is one aspect of our lives in this country that we must try to put an end to. It doesn't have to be about money all the time. Honour and glory too do matter. Besides, weren't they being paid their wages for every match they palyed? Or has winning the cup become a favour to us?
It is high time we started being prudent in the choices and decisions we make in this country.
Enough of all these childishness.

olushowunm: @GODOGWU... I HATE IT WHEN PEOPLE TAKE ISSUES PERSONALLY AND I DON'T LIKE OPEN CONFRONTATIONS... SINCE YOU BELIEVE AS A DUMBHEAD YOU ARE THAT DANGOTE AND OTHERS HAVE DONE GREAT BY WASTING OUR RESOURCES! YOU ARE ENTITLED TO YOUR MYOPIC OPINION... ANYTHING ELSE IS JUST A WASTE OF MY TIME RESOURCES... BUT LEARN HOW TO TALK TO STRANGERS, STUPID DUMB-HEAD!

Dee60: GEJ probably thought he could win the hearts of Nigerians with these kind of gifts. Just as he wanted to win South West with the renaming of UNILAG. When will our leaders learn? I truly support the idea of giving gifts and rewards but we do not need to break the bank to do this...Money and land is not everything. National awards make sense if they are commensurate. The truth is that there are several Nigerians making great sacrifices every day. Some soldiers are in Mali now, some others are in even more dangerous places. Police College Ikeja did not receive this kind of treatment, even after GEJ's visit and there are too many police barracks that re in terrible squalor. We always behave like we have unlimited oil and unlimited money. Please let the rewards be commensurate and execute it promptly, not that you will promise today and make them WAIT FOR NEXT 3 years before fulfilling it! That is typical of government.

Dee60: The boys deserve plenty of awards. But I think it should be commensurate with the achievement. The way GCON and CON are issued out these days, GEJ has made it virtually worthless.

olushowunm: I THINK I'M GOING TO SOUND DIFFERENTLY ON THIS ISSUE... FIRST, PLEASE TAKE MY CONTRIBUTION AS OBJECTIVE VIEW AND NOT AS PERSONAL ATTACK ON ANYBODY....
MY QUESTION IS WHY WASTE SO MUCH RESOURCES ON A FOOTBALL TEAM BECAUSE THEY WON A CUP
IT CAN ONLY HAPPENS IN AFRICA AND I KNOW IT MAY NEVER STOP! ITS GOOD TO PLAY FOR YOUR COUNTRY, BUT WHY WASTE MEAGRE RESOURCES THAT CAN BE CHANNELED TO DEVELOP OTHERS WHO MAY ONE DAY WIN SOMETHING THE COUNTRY ARE WE NOT IN NIGERIA, WHAT HAS MIKE ADENUGA, DANGOTE, OVIA AND ELUMELU DONE TO HELP YOUNG ENTREPRENEURS THAT WILL CREATE JOBS FOR YOUTHS LETS START WITH DANGOTE, HE HAS DONE VIRTUALLY NOTHING EXCEPT THE DANGOTE FOUNDATION WHICH IS NOT EVEN DOLING OUT CASH TO YOUNG ENTREPRENEURS THAT NEEDS THE CASH EXCEPT FOR THE MEDIA FRENZY THAT DANGOTE DONATES 5BILLION NAIRA!
ADENUGA HAVE DONE NOTHING TO ENCOURAGE ENTREPRENEURSHIP EXCEPT WASTING RESOURCES FROM THE MASSES TO ENRICH FOOTBALLERS, MUSICIANS, AWUJALE AND OTHER CULTURAL FESTIVALS...

TimePiece: Good for the Super Eagles and the technical crew but i'd like to know again the economic worth of this win for the country.

2buff: We always hear how we should discuss certain important things with our partners before marriage that should be answered as non-bullshitty as possible.
What are some of these things?

One that comes to mind is to ask her:
"Would you be comfortable if along life you earned more than me? What would be your long-term reaction?"

Feel free to contribute.

ASK him or her if he or she has had an affair with a married man or woman?

don't forget to ask if he is gay

tellwisdom: Which rapper are they sentencing?

CROWÉ: Nigga I got above 304 on my JAMB and perfect A's on my WAEC, shut the Bleep up with the talk already. Free channels showing relatively new shows doesn't bankrupt DSTV but it infringes on their potential market as people can afford to not bother with them and I couldn't care less wtf you chose to call it, you are too literal. You need to learn to understand the meaning/implication of things, Jesus! I won't be responding anymore because you will just read whatever into anything I say

i dey laugh


;

warrior101: Why the Say something ...

i dey laugh;



actually, i was laughing at myself not CROWE (im a fan of Russel crowe anyways) i couldn't believe i argued with a baby, i have myself to blame hence the laugh

DaLover: The 60%/40% doesn't exactly work like that, for each barrel sold for $100, royalties of about $70 is paid to FG, $30 is then shared 60%/40% in Favour of the FG, i.e $12 goes to the IOC's. this $12 is then subjected to prevailing tax conditions.
Hence the FG will make at least $90 from a $100 sale. I have not factored in cost of production

Awoofawo: see the picture below and explain, why your dear America is not only enemy of the world well being but enemy of her own citizens.... Do you ever wonder why most people can't understand the sh!@%t about America system of justice and value!


you can visit these links to learn a bit about your America and how it is killing her own people. Thank

http://educate-yourself.org/fc/

http://www.thrivemovement.com/follow-money-education

http://www.deliberatedumbingdown.com/

pro01: Lol. You can't possibly mean that. Kick the bucket ke? Unless we're talking about kicking her bucket; not his.

death is a justified end in my books, nothing wrong with committing suicide if one is tired. i see a lot of tired people on daily basis and i wonder; why haven t they killed themselves? they are just nuisance for serious minded people.
if you cant give yourself reasons to live by solving your problems where you can, then killing oneself becomes an option.
death is not as bad as it sounds you know

gratiaeo: APGA must be very careful this time around, in as much as i want strong opposition in our political field, pls you guys must do plus and minus very well before throwing away your identity. I don't have the believe that this so called merging party have what it takes to wrestle power out of PDP because of difference interest group.
Igbos i know ll rather support GEJ pdp than Buhari party.
I really don't support rochas in this move, even if they ll join merger there must be adequate consultation

Manshakk: ...And what is my business with that?