flipdat:

in what way

Culture and Tourism

flipdat:

halloween is actually fun

So is masquerade

nairalanda1:


Well, if calling someone a liar is not abusive, what is?

Good evening. Have a calm night. And don't take this site, or me or anyone, serious. Blood pressure, y'know...it can send thee to the other side...

I don't want you ascending to another plane yet.

calling things for what it is can't be termed an insult. I proved it that you're lying.


Blood pressure ko... blood temperature ni

If you don't want to be taken seriously go to the jokes section

nairalanda1:


Oga, I'm not having any more discussion with you.

You have won for today. As for me, things cost money. If we want good power supply, we have to charge cost reflective tarrifs

We can agree to disagree here.

Good evening. If you like, keep on being abusive. That is why I don't like discussing with you.


Modified

One more thing....it does not matter at the end what happens in other countries....NIgerian power sector needs to be run profitably to supply us with power 24/7. If it means high tarrif, so be it. You can yell at me and call me liar, but this one is true.

The experts even say it

Toodles.

Abusive? Can you point out the abuse?
It seems hiding under the excuse of being insulted is the latest modus operandi of the children of the corn these days.

flipdat:
Masquerades in 2024? We are doomed

What's wrong with masquerade
I'm sure you don't have same thoughts towards Halloween

emkz:


Run along now. We are not at a level to exchange words.

Lol. Indeed.

Hypocrite. Just eat your corn in peace 🌽

nairalanda1:


And that was an oddity.

And they have better power access than Nigeria does.

Calm down, old man.

Oddity??

And what do you mean by pwr access? Does Ivory Coast have more population and land mass than Nigeria? Do they have a more robust power mix?

nairalanda1:


Well, VIetnam is a state run concern. And they have a lower populaton than we do. Nigeria has privatised power since 2013...and the right thing should have been to let them set their prices...but no.

As for examples..let's use Ivory coast. It used to be like Nigeria with even grid collapsing...until 1993, when they privatised power, and even additionally let the sector set its prices.

NO power cuts since 1993, no problems with grid collapse.

As for Vietnam


SO, issues

Must you tell lies? Even during afcon, Cote D'Ivoire had power outage

emkz:


When someone dives into the realm of unprovoked insults, it is an indication of his own personal limitations and an admission that he sees the person he is insulting as superior to him. Hardly will a person insult someone he feels he is superior to, except it is a response to a direct insult.

I will not insult you because you are not worth us exchanging insults. But just to correct some notions. I am not in competition with anyone over who is more qualified or "holier than thou" to criticize anyone. I leave such things to people like you.

If you have any minister you want to call out, call him out. The sky is big enough to accommodate all birds.

Where did I insult you? Exposing your hypocrisy is an insult?
I insist you're an hypocrite for attempt to divert attention from the crux of Suswam's message to Suswam himself in contradiction of your earlier admonition to call wrong for what it is regardless of who is at the receiving end.

nairalanda1:


Sorry for quoting you again.

Telephony is an expensive thing. When GSM came here, it was expensive. Very much so. MY first sim in 2004, and it took me two years to make the plunge...cost me N7000. Ntel. I did not even get MTN till 2007..when the price had dropped to make it make sense.

Yet because government let there be free market, it made sense for investment to flow into GSM, and for us to go into a point where phones went from being for the very rich...to even poor people having phones.

That is how the free market works.

Why has free markets not brought down the price of fuel in Ghana and Niger republic? Why has more investments and jobs not flown into those countries? Last I checked, Niger still has a single refinery with a capacity not even close to that of Dangote.
You people run to gsm whenever you want to make case for free market but run away from diesel and kerosene that have been deregulated since 2011 yet no investment or jobs in that sector. How com? Tell us about that too

Meanwhile the minister of petroleum is gallivanting all over the world as if nothing is happening.

Sack the minister of petroleum now!!

emkz:


You can take a look at this thread and see what I said about underperforming ministers:

https://www.nairaland.com/8076360/tinubu-may-sack-replace-some

You can also call out any minister you want to call out and explain his limitations or proffer suggestions on improvement.

There is no you versus me, but as citizens, our common interest ought to be the advancement of our country. You also have a voice: use it. If it is not loud enough, we come together to amplify it so the message gets to those it should.

Why I called Suswam out is that he had his chance as governor and blew it. Even Peter Obi had his chance and blew it. Also Atiku had his chance as vice president. What is the verdict? So when I hear them pontificating emergency political morality as latter-day saints of probity in leadership, it is irksome.

Elections are over. Time to proffer solutions if we have them. If the country fails, it would affect all of us. If it succeeds, it is our collective success.

Guess what? Those who worked really hard to deliver for their people as politicians offer solutions in the quiet of their networks.

Are you now saying it's only those who have never "blew their chance" that can call out wrong? Are you saying you're more qualified than Suswam, Obi or Atiku to criticise, appraise or advice govt appointees? Can you explain what makes you better your Holiness?
I also find your hypocrisy amazing. On the thread where you pontificated on the need to call out wrong, you never laid a proviso probably because it did not suit your particular bias then. But here on this thread, you have adopted the "He who is without sin" posture. Double-faced hypocrisy!!
Lastly, the minister that most deserves to be called out, condemned and asked to resign is the minister of petroleum under whose supervision, we have had about the lowest oil output, failed subsidy removal, stalled refinery rehabilitation and now fuel scarcity. That's the worst performing minister of this administration and deserves an outright sack and be kept far away from any govt circle!!

emkz:
Atiku, how many times has Daniel Bwala visited you since you lost elections?

Let me remind you of the advise I gave you during your birthday before Daniel Bwala ported:

You mixed it up
I think Tinubu has always liked Bwala
I don't think Bwala will have access to Tinubu if he is not wanted by Tinubu

Cmanforall:


Is this true?

Where's the meatpie?

Why are other buyers not seen eating or holding meatpie?

Is the person recording trying to spoil another man's business?

There could be Meatpie there for sale, but was it compulsory?

Is the guy looking for content?

Many questions to confirm this incidence.

Can any Nairalander confirm the story?

The only quote with common sense
The others ranting did not even watch the video before mounting the rostrum to pontificate.
This is how APC scammed them with noise of Jonathan is corrupt

emkz:


Wow, you remember what I said!

I am saying Suswam must spread his tentacles and also admit his own incompetence. I stand by my earlier stance that you must call wrong wrong even if your father (or yourself) does it.

Oya call wrong wrong in the case of the ministers and stop diverting to Suswam who is not a minister.
The Minister of Petroleum for example is quiet in the face of the biting fuel scarcity!! Call him out and stop being an hypocrite!!

emkz:
Thank you Gabriel Suswam for your observations.

Now tell us how competent you were as Benue governor for 8 years. Let us start from there.

I thought you said to always call out wrong even if it is done by your own father. Why the change of stance now to attack the messenger?
Are you not an hypocrite like this?

He made some very strong points particularly on the question of foreign reserves.

It is something worth ruminating on

2 and 3 obviously

This minimum wage is something that has been discussed since subsidy was removed last year.
It shows how unserious and inefficient this govt is
Builder of Lagos by foot
I won't even be surprised if the backlog is not paid
Even the wage awards have been abandoned

nairalanda1:
Total removal of subsidy means no more fuel.scarcity.

But most of us really want fuel at 40 naira. Government inclusive, since it wins votes

And what is wrong with fuel at 40 naira
Fuel is 0.74 cents, less than a dollar

How it take concern una

AngelicBeing:
l agree with your submissions here

Note also that Keyamo made an outright payment for that house in the US. Our friends here who glamorize mortgage live and work in the US but they can't buy or build a house outright not because they don't want to but simply because they can't afford to.
So taking mortgage to own a house in the US is not basically a business idea but a survival strategy. If most Nigerians who live in the USA had a choice, they won't take it.

o123456789:
Any assessment is supposed to be from the masses, not the government. If Tinubu wants to know his government scorecard, he should throw a challenge on all social media so that Nigerian can rate this present government, the hashtag #RateTinubuGovernment can do the magic.

Even Zombies will log in with alternate accounts to rate him poorly

IbeOkehie:


And which Nigerians could afford ₦5,000 in 1979? In 1990 my parents were teachers with University degrees. Their combined income was ₦1,000 per month. Meanwhile as I've said, a Nigerian teacher in the USA owns a near identical house on the same street since 1986.

Lagos may be the best place to buy real estate in Nigeria. Baltimore is one of the worst metro-areas to buy in the USA.

I added something else to my thesis...the investment in Lekki was undeveloped land abi? So it never earned any rent.

If the Nigerian had a chance to buy that home in Baltimore he could have rented it out and had the tenants pay for it. Think about that.

But the bolded. Nigerians pay lots of tax...to the local chief or Omonile. They pay vigilante people for security. They pay bribes to police at checkpoints.

Here in the USA if you rent out a house guess who pays the tax? It ends up on the tenant as long as it's rented.

There was a recent thread here on Nairaland where an Oba went around claiming peoples property. And it's not safe for an Igbo man to own property in Lagos State now.

So you don't know anyone that lost property they paid for in Nigeria? Well I know many such people. In all my time in the USA it has never happened. That's why Festus Keyamo and Tinubu's children own homes in the USA.

Just do the calculations. Numbers don't lie. They amply illustrate why Nigeria is the Poverty Capital of the World

Good Luck to Nigerians.

Which American could afford $90k in 1979? As at 1979, the Gowon govt had implemented certain reforms that ensured civil servants in Nigeria could own cars, land and other such properties. The Udoji awards in 1972 changed the status of civil servants for good.

The fact that the land in Lekki was undeveloped also shows that the owner incurred minimal cost in terms of building, maintenance and associated taxes. Houses depreciate over time. It is land, a fixed asset that appreciates NOT the house built on it. A three bedroom flat built in the 90s will attract lower rent than one built in the 2000s.

All this talk of omo onile is exaggerated. Omo onile can't do nada for a land with C of O and the right documents. The highest they can do is get money from you while building just to prevent cases of theft and arson but they have no business with your house once completed. Ditto the Oba. In the US system, you pay tax on those properties till you die!!

You're not correct. Property tax is paid by the owner of the property not the tenant. Even undeveloped land in the US attracts property tax. Who pays that? The trees? US property laws makes tax payable by the deed owner not a tenant.

Like I already told you and someone else here, the reason why our elites chose to acquire properties abroad is due to their corrupt dealing which demands that they hide the monies and of course, how they've pummelled naira value over the years. If naira could maintain same rate it had in the 70s and 80s against other currencies till now, no one, not even you will see acquiring properties overseas as a good thing. As a matter of fact, it is only African leaders and elites that I know who go about buying properties all over the world in different places. The motivation for that is usually to hide stolen wealth and not necessarily making business decisions.

Take Keyamo for example. His claim when the house he bought came to the fore is that he bought the house with money that's been lying in his account before he became minister. In other words, he suddenly got tired of seeing the money in his account and decided to invest it not in Nigeria but abroad. Anyone who believes that nonsense needs a knock on the head.

shaybebaby:

Whatever helps you sleep at night. Invest in Nigeria all you want. Your money your choice.

There are many ways to skin a cat.

Exactly!!

IbeOkehie:


Land appreciates in Nigeria in naira terms.

All the while the same naira is depreciating in dollar terms.

My point is that when you do the calculations you find that investing in the US/UK gives better returns. I've done the calculations myself multiple times in many different situations and that is ALWAYS the case.

For example, given the naira rate back then, ₦15,000 may have been sufficient for a down payment on the $79K house in the USA. Today that same ₦15,000 will be worth ₦500 million naira if it had been invested in the USA house.

So which is the better return? Carefully go through the calculations and see for yourself. THAT IS MY POINT, the USA has ALWAYS provided better real estate returns than Nigeria. It would have been better to invest that ₦5,000 into USA real estate.

Again do the math. Basically the astronomical depreciation of the naira DESTROYS all nominal gains.

Then add the risk. Whatever you think you own in Lekki could be taken by government tomorrow, one local Oba could wake up and start contesting the landed property you THINK you own. You might be an Igbo man and dispossessed solely on basis of your ethnicity.

Whatever man.

Good Luck to Nigeria.

You're fixated on dollar that's the problem. The dollar also suffers depreciation. $1 in 1979 is not same with $1 in 1999 and certainly not same with $1 in 2019. You're thinking like the average Nigerian big man who must dollarise everything. Naira for naira, dollar for dollar, the land in Lekki has appreciated better than the one you described. Less than 5k worth 100m compared to 79k worth 400k.
Meanwhile, the guy in Nigeria will pay less tax on his properties than in the US.
That said, I'm not aware of any Oba taking over properties arbitrarily. That's another imagination from you guys.
But I agree the depreciation of naira value against other currencies is a problem though

IbeOkehie:


Please tell them. Facts speak for themselves. No need to look far in the age of internet. Here's one from Baltimore Maryland, one of the UNDESIRABLE cities in the USA. I chose this house because I know a Nigerian couple that bought on the same street back in 1986 for $90K.

https://www.zillow.com/homedetails/1127-Cowpens-Ave-Baltimore-MD-21286/36411353_zpid/

This house was bought for $79K in 1979. Today it's priced over $500K. The records as shown make it likely that it's owned by the same person/family that originally bought it in 1979 because it hasn't been bought or sold since then. It's very likely the mortgage is paid off. Ditto for the Nigerian family, they've lived there since I came to this country. The man is a high school teacher, wife is a nurse.

So what exactly is the problem with mortgage biko nu? Gain of $400K = ₦560 million at current exchange rate. As in, half a billion naira....this man and wife can sell their house and get half billion naira cash. And the kids are all grown, one is nurse, one engineer at Microsoft. When the parents do die, these kids will inherit this profit. Imagine how comfortable their grand children will be. Would this have been possible in Nigeria?

Another friend of mine, Asian Indian, all of his siblings are professionals. They lived together in their parents house for 7 years, including their spouses. Saving like crazy. In 2010 when my friend moved out he was able to buy a house in Washington DC for CASH.

This is the power of cooperative inter-generational wealth in the USA. This is in no way rich by our standards here, these are middle class people because government tax data shows 99% of Americans earn less than $400K per year.

Anyway to each their own. Anyone who wants to experience, observe or interact with poverty should stay in Nigeria. Nigeria is the Poverty Capital of the World.

Good Luck to Nigerians.

Are you now implying that landed properties only appreciate in the Western countries?

As at 1979, land in Lekki was less than 5k. Today, it is worth N100m. So what's your point exactly?

shaybebaby:

Your ignorance is not my problem.

You're the one who is ignorant
Don't turn it to fight
You are finding it hard to admit a basic fact due to superiority complex

shaybebaby:

A mortgage does not appeal to me in Nigeria because there is no reputable database that I can use to assess the market price of properties by different parameters, location, property size, price history etc.

Never mind omo onile issues and all that even after purchase. For that reason, why would I want to secure a loan to acquire an asset that may be problematic I.e high risk? Should issues arise, or I was scammed, the bank does not care. I must pay up somehow.

So if I'm going to be on the hook for a sizeable amount of money, I best make sure the underlying asset is sound and the UK provides that.

There is a reason why rich ARABs, Chinese and Russian oligarchs buy properties ( even when they remain largely empty most times) in London and not Banana Island or Lekki. I'll let you figure out why that is.

See truckload of excuses. Database, omo onile are just excuses.
It seems you're unaware that Chinese, Arabs etc all own properties in VI, Lekki, Banana Island etc.
The main reason for their aversion to real estate in Nigeria is our weak and volatile currency not those excuses you're giving

shaybebaby:

@ first bolded: just because you are not financially savvy does not mean everyone else should be like you.

Debt can be used to build wealth..if you know how, in certain instances. In some instances, if you have the cash outright, it is BETTER to take on the debt. For example:

Today in the Uk :Say you have a £100k cash lying around but you need a £100k mortgage to buy your house. Mortgage rate is 4.5% fixed for 2 years. And you can get 5.5% on fixed 2 year saving product, please tell me would you pay cash outright or not?

You missed my point. Nigerians like you will cringe at the mention of mortgage while in Nigeria.
However, you fight any Nigerian who disparage mortgage in the UK and USA as not being financially savvy.
How does mortgage appeal to you in the UK but not in Nigeria?

Angelfrost:


Face it... You don't really pay taxes here.

You literally live off subsidy, yet poverty is still extremely high.


How many working and earning Nigerians can boast of owning or building houses despite the relaxed taxation?!!

Speaking of Mortgage... Go study the nation's debt profile and servicing.

Even the futures of your unborn kids are already mortgaged.

But even the US and UK are worse off in terms of national debt than Nigeria is.
What's the fuss over debt?
A good number of Nigerians own houses. I can even bet and say more Nigerians than Americans own houses. Owning a house is cheaper in Nigeria than UK or US. Maybe the quality and standard is what you can argue on.
Lastly, I've been reading through this thread and seen how Nigerians abroad are glamourizing mortgages and mortgage payments.
Mortgage also exists in Nigeria. A lot of Nigerians don't know or don't care to know. That's why I find Remi Tinubu's tribe about Nigerians joyfully doing abroad what they wouldn't touch in Nigeria appopriate.
Most of those in favour of paying Mortgage to own houses abroad will never touch Mortgage in Nigeria for no other reason than societal bias and prejudice. Who wants to be called Onigbese?
Bottomline is Nigerians are the most confused people when it comes to what they want. But they seem not to be confused about how they want it.

yarimo:
The EFCC chairman is just confused, he doesn't know anything about his job.

One of Bello's online dogs

If you see the way he defends APC you'll think it's because of how much he loves the country