₦airaland Forum

aribisala0:
If the directive is lawful and compliant with the laws of our country and the contract signed with the law companies no problem. Let us wait and see. I will be happy to see an example anywhere in the world wher such "directives" are in place and the laws governing them.

As far as I know there is no "directive" just a suggestion . When government is ready to issue such so called directives they know how to go about it and it is not in the media.
Fovernment cannot wake up one day and say "move" .Who will pay for it? Do you think the Oil companies are tourists?

aribisala0:
I think a lot of people talk ignorantly.Very ignorantly indeed. This is a constitutional issue ,one that relates to resource control and fiscal federalism. That problem needs to be addressed directly and not by harassing companies.
The constitution needs to change to deal with the identified problem. What we are talking about is a redistribution of the tax that is already being collected and shared by the FG and other 35 states.What dooes that have to do with the oil company??

Tell us what infrastructure Shell has put into Lagos? No other company has made more money in Nigeria.
I do not believe you understand business at all.Why FORCE the to relocate? Why not attract them.?

This is a clear case of scapegoating .Realizing that they are losing their so called agitation they are now facing the oil companies.
They should face the Nigerian State and leave the oll companies alone.Continue to fight for constitution change and stop playing politics with business.


The issue is simple let us assume the agreement is 90% tax, It is the business of Nigeria and the states how they spend it and the oil companies where they live.Ther is no connection between the two. What next Force companies making furniture to move their headquarters to Sapele because the wood comes from there or those making Ketchup to move to Kano because tomatoes come from there . ?
We had this same nonsense in 2015 when GEJ ordered the relocation of a private ship dockyard to Bayelsa. It will not happen. Let every coany make business decisions by themselves.

Oil companies sign long terrm contracts before investing you cannott just wake up one day with stupid taxes.These agreements are subject to international arbitration and willl cost Nigeria dearly if they mess up.

aribisala0:
There is one thing I have observed,the truth is often a secret and when you publish it people ignore it because they don't like it.

It is a myth that somehow the Location of company Headquarters means great revenues to those hosting the headquarters.

It means some revenue ,to be fair ,but what exactly.?

State governments are entitled to income tax/PAYE deductions. They cannot tax the company on its profits onl the FG can.

So in a copany like Shell e.g what percentage of its staff are based in Headquarters and what percentage in the field.

Under the present rules it is the Personal Income tax that will accrue and NOT copany tax.

Let e introduce another FACT

PAYE is deducted at source and is perhaps, the most unavoidable tax.It has been paid forever.

In 1999 when Tinubu took over as Governor in Lagos State IGR which included these PAYE and everty other tax was 500 million a month. Today it is 20 billion. Where did the difference come from? Oil comanies? No!! They were already in the net.

If the argument is for a greater share of oil revenues fine but it has very little to do with Oil company headquarters location. One must always match the right argument to the right problem.
Governent is responsible to people and not companies. I am all for increased revenue to oil producing communities buut that has absolutely nothing to do with this

knowyaself2:
Mileage 115k
Everything works perfectly, nothing to fix.
Owner is selling because he's travelling out of the country.

Dollyak:
Though being everywhere is not an indication of a good performance, but it's certainly refreshing to see a leader working hard to make an impact. However, this isn't efficient from a managerial point of view let alone as the acting president. He needs to delegate some of the works to his team.

plaetton:
I am sorry for your naivety in thinking that it is the government's job to sustain the value of the Naira with commensurate dollar supply. Nothing could be more foolis on the part of the government, and guaranteed to always fail.

The government's job is providing and maintaining policy initiatives that stimulates local productivity and that boosts confidence im the economy and the Naira. A nation's currency is a default measure of per capita productivity, not how much dollars it can sell to banks per week.

Haven't you heard of the forces of demand and supply ?
If it was as simple as you paint it for the government to sustain the value of the Naira through forex sales, then from what they have sold over the years, the dollar and naira should be at parity.

I don't understand why some of you who should know better choose to continually cast blames on invisible speculators ?
Who are these invisible speculators that you conveniently scapegoat for ad-hoc policy failures of the government ?

First of all, there are speculators in every currency.
That's why it is call the Forex MARKET.

It is a $6tr daily market that every country and every financial institution participates in.

Now, in the case of Nigeria, the government's haphazard, flip flop, schizophrenic policies create huge GAPS that inevitably attract and invite currency arbitrage, from the street malams, the businessman, the government officials and Banks, all seeking profit and self-preservation. That is the rule of the marketplace.

emman1985:
yes please

emman1985:
There's palm kernel nut and shell available in large quantity in ondo state.
Pick up only at affordable price.
Call me on 08056337008

pressplay411:
Personal experience only pls.
If you have to use the bible to explain the existence of extraterrestrials/UFOs I think that would pose a flawed argument.

pressplay411:
Have you asked a friend to also try astromary?
Don't be surprised you'll have the same readings with your friend.
I did, and I wasn't so impressed.
Astrology has it's limitations, I doubt it can make accurate predictions. It may however guide you.

pressplay411:
Interesting.
Astrology has proven to an extent evident.
I think the cosmos particularly stars alignment especially at time of birth influence one's personality. Even the religions attest to this. Jesus with detail of his purpose was predicted and supposedly located first by astrologers and Islam depends so much on stars and moon.

Why do you believe in aliens? Extraterrestrials?
Have you seen one?

pressplay411:
Great to have your contribution Seun.
Astrology is not fail safe.
Like I said it has proven "to an extent" evident.
Perhaps this site would convince you. http://zodiac-signs-astrology.com/zodiac-signs/aquarius.htm

plaetton:
Instincts, of course, are primordial genetic traits.
There is no right or wrong in instinctive impulses.
In fact, instinctive impulses are the opposite of morality.

Morality evolves to checkmate instinctive impulses .

plaetton:
Morality cannot be inherent in us.
What you mean that people genetically disposed to certain traits or characters, if when nourished in an environment that appreciates such traits, then it may seen as inherently moral.

A simple proof that humans are not inherently moral is Lagos driving and traffic, for good example.
For the purpose of this discussion, I going to say that there are NO set traffic safety culture in Lagos.
There are laws , but those laws are only valid when the enforcing agents are on spot.

Even though road safety is everyone's responsibility, Lagos drivers have NO inherent road safety traits in their DNA.
And unfortunately, they are yet to evolve and nurture a stable road safety culture.
Therefore, the average Lagos driver, unless one who has lived in and imbibed road safety culture from other climes, sees road safety rules as a nuisance. He only obeys these rules when there is an imminent chance of punishment.

I just wanted to use this example to illustrate that in the whole strata of human affairs and human history, societies first have to evolve a culture of what is acceptable and what is not.
It is not written in the DNA.

peacesamuel94:
i don't think atheists will agree with you on this

peacesamuel94:
An impersonal creative force without reasoning capabilities, gave rise to Living things with reasoning capabilities, so from where did reason originate from?


That the creative force is impersonal suggests, that it had no motive behind its creation, hence reality, earth and universe has no essence. Then why did this creative force set up laws to govern what it has no intention of preserving.

CoolUsername:
The laws of physics are just a method of describing the way things happen in the universe.

Normal physics is used to describe events on the atomic level and up but it isn't absolute.

Once we get to the subatomic level, the laws of normal physics get broken all willy-nilly and we describe that as quantum mechanics. Here, particles pop in and out is existence for no reason.

The problem with these laws is that they make for an extremely chaotic Universe, there is no rhyme or reason to most events and a lot of phenomena are caused by pure luck. Therefore, there is little evidence pointing towards a Grand Design. But some insist that such a complex Universe cannot be an accident.

By that logic, then a Grand Designer couldn't have occurred by accident too, so wouldn't it require one itself? If it does, we go into an infinite regress. If it doesn't, then what property does it possess to make it so and why isn't that property applicable to the Universe or some precursor?

The only reason why we're here asking whether all this could be a coincidence is because, well... we are here. We cannot know the number of 'failed' outcomes before us if there were even any failed outcomes before us.

But what about a god who started the process but only uses natural process to perform its actions? Well, such a god would be apathetic, impersonal and extremely chaotic, then why call it a God?

Sorry for the long rant but I just wanted to show you I (an agnostic atheist) address all these existential questions. This is purely my logic, different people will come up their own conclusions and that's fine. It is only when people claim to know the answer for certain that I will ask for proof.

DrLazDevitan:
What your mind can not converse,you can not reach.You spend less energy to accept the universe has beginning you know nothing of and to its end you're yet to know.This equally leave you in the middle to accept the fact the universe has no beginning neither an end.It's so simple.
Don't appear too rational by 'biblical' that and that.It is easy to reason than appear vain and ill-witted.