₦airaland Forum

If you are a nurse or doctor, the UK needs you.

https://www.bbc.co.uk/news/amp/health-45485814

Thanks. Funny enough I have a similar book by the author, George Thomas Basden entitled "Among the Ibos of Nigeria " published in 1921. It seems the book was then republished as Niger Ibos in 1938 and reprinted in 1966 by Frank Cass.

immhotep:
Here is the title page. He wrote an entire chapter on the similarities between Omenala and Hebraic customs, starting from page 411.

The author also published another book which you can download here ==>>> https://ia802504.us.archive.org/9/items/amongibosofniger00basd/amongibosofniger00basd_bw.pdf

@immhotep
Could you provide the title and author of the book for the page you posted.

immhotep:
Bro, go and study.
Stop recycling Nigger-Area propaganda

CC onyeoga madridguy buhariguy omenka shalomc iceberg3 yarimo odvanguard pointzerom t9ksy imperialyoruba odvanguard yorubaassasin alariiwo lzaa Ikenna0b ngeneukwenu captaing00d roger3d

Well said.

theoldpretender:
I honestly give up. Some of you guys have no understanding of how economics works at all.

1.We import most of the fuel we use in Nigeria

2.The landing cost of imported fuel is above N170 per liter.

3.NNPC pays a ''subsidy'' to keep the fuel price at N145.

4.That is why most marketers cannot import fuel, why NNPC is the SOLE IMPORTER of fuel..and why NNPC partly cannot declare its assets.

5.And that is why we keep on having fuel scarcity...because most marketers cannot make a profit at N145 per liter.

6.We need oil to be at $140 per barrel to break even. Right now...we don't have enough to do so because oil has been below $75 since 2015!

7.GEJ tried to increase fuel to N140 from N65. You Nigerians protested...so we beat it down to N97...and then to N87 and that is partly why GEJ could not save forex...because we were wasting it on fuel. Meanwhile....scarcity was happening...and by 2013...fuel was being sold above the market price of N97 excpet in Lagos and Abuja...because most marketers could not survivie on profits as low as N2 per liter.

8. Please stop misinforming people. Venezuela is where it is because they import all they need and because they overspend all their money on subsides they cannot sustain, and because their govern,ment is imcompetent. Not because America...who buys most of their oil and pays for it.

9. And you APC and PDP guys better get our country off oil!

Modified...

From many of the responses below...it is pretty obvious most Nigerians want cheap things without thinking of the cost.

Many Nigerians for example want free education. Forgetting that in countries like Germany that have free education....the cost is half their salaries in taxes.

I hear people chanting that most Nigerians live under $1 a day. Well...if you can afford to fill your car tank, your generator tank and drive long distances...you are not living under $1 a day. Sorry...

The truth is, we cannot keep on sustaining cheap fuel, cheap electricity,cheap education. Our population is 200million and we produce oil at a rate less than that of the UAE which has 11million people. Either oil goes up to $140 per barrel...or we keep on taking loans to sustain us.

This is not a defence of bad government, or of Buhari or of GEJ or of any of your favourite talking points. It is reality. We are a poor nation. And we need to face that fact ...and stop excusing corruption and lying, and religoous crisis, and stealing. We need to spend what little money we have on strategic things like power, rail, and technical education. We need to get industrial fast...so that we can make things the world needs...and export things in bulk. And we need to accept that it is going to take some decades...so let us forget about enjoyment and work hard at it. Like South Korea, China and Japan...those countries got to where they are because of decades of hard work.

I don't like making this argument. To be honest I wish fuel cost N10 per liter or less. I wish we could pay fees of N10000 or less in our unviersites. I wish we had no corruption , and I wish APC and PDP were not so dissapointing. But we have to face the fact. If we do not remove subsidy....we are going to keep on wasting millions of naira on nothing.....whereas if we remove subsidy...for sure...fuel will cost N400. People will suffer. Most people would end up living hellish lives. But eventually investment willflow in,jobs will be created and the price will fall. And the economy would recover....

So,let us face the fact. Venezuela has subsidy. And as a result they have thrown billions down a bottomlesspit for nothing...and they are paying for it. And it is high time we Nigerians woke up to the fact that living on just oil is not good for us. We are a nation of oil addicts. Time we broke that addiction.

The answer to the OP's question is quite simple. There is no money left from the monthly allocation to pay workers because of large payments to a few people.

Well it depends on what you mean by a legit billionaire. The truth is no one will tell you how they came about their riches in Nigeria.

Read this article:

https://nairametrics.com/cement-wars-the-battle-for-cement-dominance-between-ibeto-vs-dangote/

Ugosample:
Well I have a soft spot for dangote tho


But most times, people make it in Nigeria via connections sha

But I still believe that there are legit billionaires in Naija tho

or don't you think so?

Christianity first reached China in the 7th century AD, brought by Nestorian Eastern Syriac believers.

chukwutope:
Chinese are mostly atheists or Buddhists - both are a lot superior to Abrahmic cults like Judaism, Christianity and Islam. These three religions have caused so much death and destruction and human misery, it is not even funny.

Christianity first reached China in the 7th century AD, brought by Nestorian Eastern Syriac believers.
---

Thank you.

What you've said is true. We have a rentier economy or rent based economy. In addition, our so called businessmen and women, who are among the richest in Africa, are rich because Nigeria practices crony capitalism.

According to Wikipedia,
Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

Rentier capitalism is a Marxist term currently used to describe the belief in economic practices of monopolization of access to any (physical, financial, intellectual, etc.) kind of property, and gaining significant amounts of profit without contribution to society.

Ugosample:
Nice analysis

However, because exporting raw materials is the path of least resistance., and it will make our elite rich and fat without much critical thinking, the elite in Africa encourage it!


I must say, you got a sharp brain in your head

Our education system and curriculum, especially at the university level, is geared towards producing graduates for a developed and industrialized economy. The problem is that a large proportion of the Nigerian economy is still undeveloped and not industrialized. As a result, the few parts of the economy that are developed cannot absorb most of the graduates coming out of the universities. So a large proportion of graduates end up being unemployed who then seek ways to leave Nigeria to developed economies abroad where their education can be utilized.
Industrialization is the fastest way to create a large number of jobs and lift millions of Nigerians out of poverty. China and South Korea are examples of countries which achieved that. Selling our oil, cocoa, groundnut, cassava, yam, beans, and any other mineral resources abroad will never make Nigeria a developed and industrialized economy. As they say, produce or perish.

Ugosample:
interesting perspective

Revamp? With the kind of people in charge at the various levels, especially in the university system, I dare say it won't happen anytime soon. From what I've seen, money is not the issue. The problem is our education is not fit for purpose.

2baga:
Our education sector needs urgent revamp

Emperor Meiji took Japan from the middle ages into the modern world. When he took power Japan was feudal, not so different than European middle ages. The emperor saw the writing on the wall. He made the hard call to reform Japan to industrialize. As a result, Japan had an industrial revolution and became one of the most powerful nations in the world.

The ...isms explained

It is quite strange but I have noticed that once you've lived in Nigeria for a long time, you tend to think that things that happen in the country is what should be normal in a society.

In 2018, nearly 60 years after independence, and nearly 20 years of democratically elected governments, not ONE major city, including Lagos and Abuja has pipe-borne water to residential homes. I have not read any plan by the Federal Government or state government to make that happen. Electricity was discovered more than 100 years ago but in Nigeria there is no plan to ensure 24 hours electricity supply to homes. Gas flaring in the Niger Delta has been going on for decades, yet there is no plan to have gas supplies to homes in cities and towns across Nigeria. Now Nigeria is the country with the largest number of poor people in the world while China has lifted 800 million people (4 times Nigeria's population) out of poverty since 1980. China lifted an average of 13.9 million people out of poverty each year from 2012 to 2016.

I could go on about infrastructure (trains, bridges, etc) but as they say in China - a picture (or video) is worth a thousand words. Imagine traveling from London to Edinburgh in 2 hours at 350 km per hour for just 20 pounds. Yet the Nigerian government is paying millions or billions for outdated train technology from China and second-hand train carriages from Canada.



https://www.youtube.com/watch?v=GxDUFHasJNg&index=3&list=PLt-M8o1W_GdTw_YQnKxEVWiPBAXSKII_p

It's quite simple. No country becomes rich or developed by selling raw materials such as oil, coal, cocoa etc. As long as Nigeria is not industrialized, i.e. turning raw materials into manufactured products, Nigeria will remain poor. No amount of prayer or glib talk like "things will get better" will change that.

It is unfortunate that the Nigerian educational system (and maybe other countries too) does not prepare students to think and find out the truth behind how economies work etc. Read books like "21 Things They Don't Tell You About Capitalism" by Cambridge academic, Ha-Joon Chang. One of his other books is "Kicking Away the Ladder: Development Strategy in Historical Perspective" - read Chapter 1: Introduction, How did the Rich Countries Really Become Rich?

Until the 17th century, Britain was a poor and backward country dependent on raw wool exports to the Low Countries (or what are the Netherlands and Belgium today). The start of the turn around for Britain started in the 15th century when King Henry VII tried to change this by implementing various schemes to promote ‘import substitution’ in woollen manufacturing, protecting woollen textile producers, taxing raw wool exports, and poaching skilled workers from the Low Countries.

Britain adopted free trade only in the 1860s, when its industrial superiority became unquestionable.

kenx1:
How come our country is the poorest n d world

"Trouble with socialism is sooner or later you run out of other people's money."

-Margaret Thatcher

Socialism is a death sentence. It is the worst socio-economic system to exist.



https://www.youtube.com/watch?v=PY27TBAFqBE




https://www.youtube.com/watch?v=bKhR9i5CGkA




https://www.youtube.com/watch?v=MvF_D4tVfYU

https://www.youtube.com/watch?v=0SP2cXoeOxY

The collapse of Venezuela, explained


https://www.youtube.com/watch?v=S1gUR8wM5vA

The end result of Socialism...beware!

I am not in the habit of recommending for people. I would just say find a stockbroker that will cater to your needs and that can also provide you services no matter your location in the world.

peacengine:
Bro, which one can u recommend?

Unfortunately, I don't know anything about Morgan Capital so I can't comment.

peacengine:
What do you think about Morgan capital?

Open an account with a stockbroking firm. Complete the FGN savings bond form and submit to your stockbroker with the amount to be invested. The list of stockbrokers and form can be found on the Debt Management Office website.

Flocky:
Hey guys!

I would love to invest in FGN savings bond come September but the issue i ve got not is that I do not know how to go about it. Can someone please help me with a step by step guide on how to go about it.

Thanks.

When Kofi Annan became UN Sec-Gen in 1997, I wondered then how, until I found out who his second wife is. She is a member of the Swedish Wallenberg family.

Recent articles about the Wallenbergs:
The Wallenbergs have been called the Rockefellers, Gettys and Rothschilds of Sweden. The royal family of Swedish business. Think of almost any large Swedish industrial company - Ericsson, ABB, Saab - and there is a Wallenberg behind it.

The Wallenbergs are extraordinarily powerful. They control a vast business empire made up of large stakes in many of Sweden’s biggest multinationals and worth tens of billions of pounds. Through a network of shareholdings owned by foundations, the family controls or is a major shareholder in scores of companies including Saab, the car manufacturer, Electrolux, the electrical goods maker, Ericsson, the telecoms giant, and AstraZeneca, the Anglo-Swedish drugs giant.

By the late 1990s the Wallenbergs’ holding company, Investor AB, was estimated to own roughly 40pc of the Swedish stock market. In short, their influence in Swedish business is unmatched.

Sweden is an extreme case among rich countries in that one particular family, the Wallenbergs, holds such sway in business.
The foundations were laid for the dynasty’s fortunes 160 years ago when André Oscar Wallenberg, the globe-trotting son of a Lutheran bishop, returned from America with a book on how to set up a bank, and founded Skandinaviska Enskilda Banken (SEB). The bank flourished, and began buying chunks of distressed industrial firms, leading the family to set up a holding company, Investor, 100 years ago.

https://www.theguardian.com/business/2006/jun/16/privateequity

https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10916991/Who-are-Swedens-powerful-Wallenberg-family.html

https://www.economist.com/business/2016/03/10/a-nordic-pyramid

How Strange 'Passport With White Powder’ Led To Shutdown Of US Embassy’s Abuja Consular Section


http://saharareporters.com/2018/08/16/exclusive-how-strange-passport-white-powder%E2%80%99-led-shutdown-us-embassy%E2%80%99s-abuja-consular

As they say, it is only someone who loves you that tells you the truth.

greyham:
It's shameful having such comments coming from that guy. He is accurate!

Kolping:

https://www.nairaland.com/4675550/get-out-nigeria-want-get

According to the American man, all he has heard about Nigeria is that 'if you don't open up your pocket and pay everyone from the lowest to the highest, you don't get anything done'. He concluded his speech by stating that ' as an intelligent person, you need to get out of Nigeria if you want to get ahead, because the powers that be wants to hold everybody down; especially women and intelligent people'.

https://www.nairaland.com/4675550/get-out-nigeria-want-get

According to the American man, all he has heard about Nigeria is that 'if you don't open up your pocket and pay everyone from the lowest to the highest, you don't get anything done'. He concluded his speech by stating that ' as an intelligent person, you need to get out of Nigeria if you want to get ahead, because the powers that be wants to hold everybody down; especially women and intelligent people'.

https://www.nairaland.com/4675550/get-out-nigeria-want-get

According to the American man, all he has heard about Nigeria is that 'if you don't open up your pocket and pay everyone from the lowest to the highest, you don't get anything done'. He concluded his speech by stating that ' as an intelligent person, you need to get out of Nigeria if you want to get ahead, because the powers that be wants to hold everybody down; especially women and intelligent people'.

That is still the case but now when you renew your passport, the previous passport number is included in the new passport.

Kalusam:
like seriously You mean if one wants to renew their passport they are issued a different passport number from the one on the expired one? Please clarify!

China stated last month that its first modern home-made passenger jet, the C919, is expected to be put into commercial flight by 2020. The plane is aimed to compete with U.S. planemaker Boeing's 737 and Europe's Airbus A320. The C919 jet currently has 815 orders from 28 customers.

In other news, while Nigeria unveils the logo of Air Nigeria (which only exists on paper), China stated last month that its first modern home-made passenger jet, the C919, is expected to be put into commercial flight by 2020. The plane is aimed to compete with U.S. planemaker Boeing's 737 and Europe's Airbus A320. The C919 jet currently has 815 orders from 28 customers.

You can now use this information and send it to CSCS by email.

4601CE:
Here’s there response
I kinda don’t like that second part