₦airaland Forum

humilitypays:
Igbo people are the only sincere hearts in Nigeria; they can pick someone from another tribe and make that person a millionaire but other tribes hate Igbos so much that they rather die than see an Igbo person excel or help an Igbo man or woman become successful.

This woman is a success today only because she met IBB wife who happens to be an Igbo woman from Asaba. She never looked down on her or refused to help her because she is not Igbo or from Yoruba but she just helped her selflessly and today she is a huge success.

How many other ex first ladies and presidents do we have in Nigeria today that can say they helped an Igbo person that's not kind of related to them somehow or serving them None!

Without Igbos in Nigeria, Nigeria is doomed and that's why Yoruba and Hausa-Fulani can kill to make sure Igbos don't abandon them in their wrecked Nigeria.

Before u come here to talk nonsense let me educate you on how biased and wicked Hausa-Fulani and Yorubas are to Igbo's:

Upon all the riches of Dangote, Otedola, etc, Dangote and other Hausa-Fulani/Yoruba industrialists and rich folks have none of their industry or plant in the southeast and they have no property in the southeast either. But they hav in other regions and outside Nigeria.

Dangote have no Igbo on the list of his top managers.

ABC Transport Plc owned by an Igbo man has a Yoruba man as its overall HR for decades now, I can give you the name.

And many Yorubas and northerners in top management positions too, plus investments scattered all over Nigeria.

Same with Young Shall Grow Motors.

Every rich Igbo man or woman have a big property in all regions of Nigeria but you can never find a Yoruba or Hausa or Fulani person that own a property in Igbo land out of their hatred and spite to ensure Igbo land does not develop but guess what God pass them!!

Igbos are light everywhere they go, and nothing can stop them from shinning bright like star

londoner:
If you are staying in Lagos in a place as far from the Lagos Airport as Nyanya is from Abuja Airport, how long will it take you in the traffic between 7am and 10.30? Which includes the rush hour?

It still stands Abuja is sane option, Lagos is not.

Many people are sat motionless in Lagos traffic for close to or over an hour every day and have to add that to their journey time. They also stay behind at work because they don't want to be stuck in traffic going home. Not because of distance but because of traffic.

It's common knowledge both inside and outside Lagos.

mybestlove:
By land use charges I mean levies and obligations charged on port operators like truckers, bonded terminals ecc. Can you please tell me why Lagos state is among the top earners from federal allocation if not for the ports and the revenue accruing to the federal government from there. And I put it to you that the state extorts money from importers and truckers for every container coming out of the port, try to verify this.

Horus:
You dont get it, A drainage system is supposed to be Underground

What you see here on the pictures are open gutters that should never had been build in Lagos.

Open gutters cannot be used as a drainage system even if people dont throw rubbish into them

The city need a drainage system, not open gutters

The money alocated for the building of an underground drainage system was embezzled , and instead they gave Lagosians open gutters

Open gutters should Not exist at all in a big city like Lagos.

mybestlove:
And I put it to you that Lagos state makes huge revenue from the seaports. Apart from the direct revenue to federal government from duties, Lagos state government makes revenue both from the federal government in return and levies on terminals, land use etc. Go to school. You're talking to an auditor

Sincere9gerian: I understand the NRC is working on all those challenges. But you can investigate and tell us later

Sincere9gerian: I understand the NRC is working on all those challenges. But you can investigate and tell us later

https://www.sharpedgenews.com/templates/cepon/images/logo.png

China: Underground move that killed Nigeria’s textile industry | By By Odimegwu Onwumere |

Indigenous textile operators are howling that Chinese operators have taken over the Nigeria’s textile industry.

From East to West, North to South there is ranting. The local operators weep stalks to the fact that China, which was formerly an import dependent country, had 16 textile factories in China, devoted to tossing out textiles with a “Made in Nigeria” badge sewn in them. Around 1997, with Nigeria’s textile industry vibrantly operating over 300 vivacious factories, the vibrancy of the industry in Nigeria earned her the status of the second largest in Africa, battling with South Africa, after Egypt’s, then.

A Nigerian Journalist, Ugboja Felix Ojonugwa said in a civic appearance on May 20 2015, “Within a few decades, China has lifted some 300 million of its people from abject poverty, a feat without any precedence in the annals of economic development. Nigeria, the most populous country in Africa, with vast reserves of oil and gas, is yet gasping for the breath and is the toast of many global economic powers.”

China took over the importation and distribution of textiles in Nigeria. Nigeria becomes prospectively, the chief marketplace for China’s industrial products in Africa, today.

Ogonugwa added, “Nigeria’s imports from China account for over a third of its total trade with West Africa. President Jonathan’s visit to China in 2014 is significant as it underlines Nigeria’s growing economic relations with China. From the Nigerian perspective, closer economic ties with China have become imperative. The Chinese loan of $1.5billion brings to a total of nearly $15 billion China’s investments and loans to Nigeria in recent years, including the $2.5billion investment in the newly refurbished Lagos-Kano rail line.”

The irony is that in the 90s, Chinese factories were copying West African designs and as well opening their own distribution chains in the territory. As at 2012, Chinese investors whose textiles were once regarded to be of low worth, have had over 200 corporations at Kantin Kwari Market in Kano State, sending local investors who had controlled the market from beginning, packing.

A source that would not want the name in print said, “For a time the Chinese material was of a much lower quality than Nigerian originals, but that gap narrowed as Chinese standards rose. The Chinese began to take control of the market, with the unsuspecting Nigerian vendors as a willing tool.”

Some of the local traders become errand boys otherwise called middlemen to Chinese traders and are settled to the tone of N1, 000 to N500 depending on the business outcome with the prospective buyer they brought to any Chinese traders.

The distressing side is that China provides low interest loans for infrastructure in Nigeria and other African countries, whereas she is a leading player in global trade and Africa’s largest trading partner, making $198.5 billion in China-Africa trade as at 2012, compared with $99.8 billion for US–Africa trade.

According to another Nigerian business journalist, Yemi Olakitan, “In 1995, World Trade Organisation (WTO) adopted certain agreements on Textiles and Clothing, chief of them was that all allocations on textile and clothing will be removed among WTO member countries. The main beneficiary of the policy was China. The global textile market is said to worth more than $400bn at present. According to China Customs, the export value of China’s textile and garment alone amounted to $206.5bn. The Nigerian textile industry was one of those that suffered, because of the cheap exports from China.

Nigeria used to be the major supplier of (Ankara) good quality wax-resist textile. However, in the early 2000s, cheap imitations of these products were produced and exported from China to West Africa. Some would be slammed with Made-in-Nigeria labels and then sold in Nigeria.”
http://www.sharpedgenews.com/index.php?option=com_k2&view=item&id=6896:china-underground-move-that-killed-nigeria-s-textile-industry&Itemid=641

EzendiEgo1:
we developed Lagos to this stage and one day we will governor that state.

the revenue Igbo's bring to Lagos state 65% higher last year

jaxxy:
Really?

I wud like lagos to be like the next dubai or johannesburg with different great cities and suburbs in the state. However more important than these building, construction and regeneration going on is the maintaining of a standard which is world class or close. Lets not spend money twice doing wat we cud have done once.

Many of these projects are huge and seem to be happening at sametime i hope they can sustain it with the precision and standard it requires...

grandstar:
India gained independence 1947 and it is still a poor country. This shows the fallacy of protectionism.

The Central European countries that joined the EU between 2004 and 2007 have completely open borders with more advanced European countries like Germany, France and the United Kingdom yet manufacturing in these countries have thrived. Companies from the far richer and advanced ones have been investing billions in these newcomers.

It is a myth that all local companies will collapse in the face of imports.

It is a bigger myth that the manufacturing sector can not thrive in the face of imports

Nigeria, for example, once had a robust textile industry that was growing annually at 67 percent during its golden years, between 1985 and 1991. But today, of the 175 mills that once operated, only ten remain open with most of them running at half capacity. The industry blamed the decline, on the flood of cheaper products from China and India. But when the government sought to ban textile imports in 2010, it only drove the trade underground.

Shortly after his election, Nigerian President Muhammadu Buhari announced that he wanted to revive Nigeria's textiles by incentivizing investment in ailing factories. "I still recall with clarity that at some point, the textile industry in Nigeria was employing about 320,000 Nigerians," he said in 2015 before a group of foreign investors. (At its height, the industry was the country's second largest employer.) "But today, the same industry employs less than 30,000 people and the factories operate below capacity or they are completely closed...we should be making every effort to ensure that we reopen the closed ones and attract new ones to reduce unemployment."
https://www.foreignaffairs.com/gallerys/2017-03-30/rebooting-nigerian-textile-factory

BrandSpurNG:
Decent Q1’18 numbers buoyed by Power earningsSelling all subsidiaries, retaining flagship fuel retailing businessPower business divestment comes as surpriseTargets 6-9 months to complete the proposed restructuringTotal deregulation of downstream sector very key post-divestmentMixed earnings trajectory, valuation revised lower on liquidity challenges

Decent Q1’18 numbers buoyed by Power earnings

FO’s Q1’18 numbers were quite decent, beating our estimates across most line items. Meanwhile, the mixed performance across the company’s business segments persisted in Q1’18. Despite reporting an impressive 14% y/y increase in Revenue to ₦25.8 billion (Vetiva: ₦20.7 billion), the Fuel Retailing segment (largest segment – accounts for 65% of group revenue) reported a 29% y/y decline in Gross Profit (₦1.9 billion vs. Vetiva: ₦2.1 billion) as the tough operating environment in the petroleum downstream sector continued to pressure margins. Performance of the Production Chemicals segment (smallest segment – accounts for c.1% of revenue) was also weak, reporting a 16% y/y decline in Gross Profit to ₦0.2 billion following a 17% y/y Revenue decline......

Selling all subsidiaries, retaining flagship fuel retailing business

Forte Oil (FO) recently released a notice of its Annual General Meeting (AGM) scheduled for May 28, 2018. Notably, one of the Special Resolutions to be considered at the AGM is a company restructuring plan that would involve the divestment of all FO’s subsidiaries – AP Oil & Gas Ghana Limited (“APOG”, 100% owned), Amperion Power Distribution Company Limited (“APDC”, 57% owned) and Forte Upstream Services Limited (“FUSL”, 100% owned). Effectively, the flagship Petroleum Marketing segment in Nigeria will be the only surviving business line post-restructuring, and the proceeds from the divestments will be used in funding its strategic expansion and repositioning....

SOURCE: https://brandspurng.com/forte-oil-plc-decent-q118-numbers-plans-to-divest-subsidiaries/

tbadejo25:
Hot 4 was a rebranded Hot Note Pro.

If you used that, you'd know what i mean.

The Upgrade between Hot 4 and this is too clear...even the blind can feel it.

Wonder if Redmi 5 Camera is better than Infinix Hot 6 Pro's camera. Redmi 5 is still a steal nonetheless

mapet:
Mapet, You will be "alright"

PointZerom:
What a way to console urself.

bibe:
When commenting on public forum do try to pass your point without being condescending. I have no personal issues with you.

I highlighted bathymetry as part of the problem with the Eastern ports in my initial response as well as others (ibaka is an exception but still in conception for now).

As for the the speculation and propaganda regarding after war 'policy', it wasn't much of a policy so to speak as that was military regime (the do more of decrees). Granted there aren't much reports about it but it did happen.

theDEVILisHERE:
Stop projecting ur inadequacies on others

Not everyone has time for childish games

Face d topic

mybestlove:
You are more silly. Are you telling me that Lagos state derives no revenues from the seaports? Check yourself very well. For saying that Onne port yields more revenue than Lagos means you are high on codeine and tramadol, I'm sending emergency team to check your state of health

lastdon5:
I believe it's a conspiracy for things to be the way it is... it favours the west.
An Aba based businesses man will prefer to import his containers from lagos than from pH which is just a stone throw, when asked he will tell you that it's cheaper for him to clear his import from lagos and ship it down to the east, than clearing his goods only in any of pH or Calabar.
This goes on to show that if the ports in the east are working, there's no reason for Igbos to be in Lagos.
revenue from these ports will drastically reduced.

PointZerom:
Shut up, how many of your people are at Alaba int'l, Aspamda and Ladipo?.

hisgrace090:
Pls Mr minister try to affect some changes in abia state, the decay in that state is unbearable.

peacengine:
If you want to enjoy Lagos, live close to where you work. Honestly, you will enjoy it at a cheap rate. There are beaches everywhere and you can organize weekend trips. Cheap hotels for weekend relaxation, markets and shopping malls de plenty, food joints, and so on. Enter hotel, pay little and swim throughout. Booming businesses and thriving night life. Uber, taxify and local cabs are plenty

For Abuja, green trees, good road network but can be boring. Ajebutters are plenty here with too much forming. Cheap food but expensive accomodaton.

You can compare the two, if you like a cosmopolitan city, chose Lagos but if you like a cool place, with aesthetics chose Abuja.

Lagos can survive without govt fund, Abuja can't.

londoner:
Yes, because reasonable time means taking distance into account. Nyanya is about 54 km from Abuja airport so if someone is driving at 60 km an hour it will take about 54 minutes. That's reasonable. It is far.
Lagos airport is situated in Ikeja so you don't expect someone to be delayed to the Airport same as some that lives near Abuja airport.

Name a place that is 54 km away from Lagos Airport and consider how long that same journey would realistically take.

bibe:
Why don't you do a little research and see for yourself before peddling it as propaganda. As for the onne port I already explained what happened. Oil was already discovered in oloibiri before then as well as other discoveries in and around Rivers State (and other present SS states). As it was already becoming a mainstay of our economy, onne was then harnessed and improved to sort out oil and gas strictly until recently.

I made a submission, you should politely counter them no need to resort to sly remarks.

Statistics shows that business activities at Calabar Port has been at its lowest ebb for over many years, due to the shallow draught of the channel that restrict access to smaller vessels and barges. This led the NPA to enter into joint venture agreements with the Calabar Channel Management Company Limited in 2014, to dredge the channel, which was originally 6 meters to 10 meters draught.

Beyond dredging, Calabar Port has a big problem, which has to do with the locating the port in a place that does not have the natural attributes of a seaport.

The port has 120 kilometres of high sea meandering channel that makes dredging difficult, such that after dredging this month with $100 million, in six months, NPA will need to dredge it again with same funds. This makes Calabar to lack economic viability that would encourage NPA to keep investing billions of naira generated from Ports in Lagos, to dredge the Calabar channel.

This means that it is not economically viable to get 10 metres draught in Calabar and maintain it consistently. Though, this was possible in the pre-concession era when NPA was the master stevedore in charge of cargo handling at ports, but today there are terminal operators. http://www.businessdayonline.com/transforming-calabar-port-viable-entity/

mufutau55:
Oga mi Melakes. You are one of the outstanding professional businessman I have ever had to deal with on Nairaland.
The quality of your work speaks for itself. I am more than glad to contract you for all the 6 bathrooms shower cubicles.
Your cost are reasonable and the quality of materials you used are superb, even when I was trying to play kobo-kobo miser,
your advise on kind of materials to use is very convincing. Even when I thought the spaces are too small for the cubicles,
you were able to create sufficient space for the cubicles.I thank you for all your good work on this project.
I can and will surely recommend you 1000% to those who may require your services. You are a gentleman and very good at what you do.
Thank you very much for your great contribution to my project. God bless you.

Hajji M.

mybestlove:
I believe the seaports business in Nigeria has been politicised. Lagos won't be happy to see other seaports functional, Obasanjo, Tinubu, atiku and all politicians owning terminals at tincan and environs won't permit the resuscitation of the other seaports.

The more reason why Lagos is posting billions in IGR

NickD:
Bro it is deliberate.. powers that be just want only the Lagos port to function because of the huge revenue they generate. It's saddening but it's simply the basic truth.

londoner:
The reason you would have to leave obscenely early is to avoid traffic, no?

You just don't have to do that in Abuja. The road network means you will get to the airport within a reasonable time unless there has been an accident on the way.

theDEVILisHERE:
Lagos is a shiithole
Abuja is better
Atleast more organized and civilized
The people there are also more sane and rational

Lagos breeds insane and irrational human beings
No comparism

Only out of sentiment or stupidity would anyone prefer that jargon called Lagos

bibe:
Following the civil war, in order to check against arms infiltration (the government still feared the Eastern region may re-arm #paranoia) all imports of goods to the Eastern ports was stopped. Then government then had to improve capacity of Lagos apapa Port to handle the increased traffic and that's the Genesis of the whole current problem. This also made it easier for them to monitor what was coming in and going out (Lagos was still the seat of power then thus it was much easier)

Onne was then repurposed to serve mostly oil and gas export/import (oil boom). And this policy remained so until about few years ago.

Naturally, Lagos has a deep bathymetry compared to Eastern ports (which has shallow bathymetry and a problem for big ships). This wouldn't have been much of an issue if not for the policy adopted following the war as the Eastern government could've easily carried out dredging projects to solve such issues as well as also increasing capacity to handle big ships (ships keep getting bigger and bigger and you need to develop Port capacity to handle them).

These long years of neglect/policy is what brought about the situation we have today in the Eastern ports. Plus a lot of service companies have created service chains on the back of Apapa dominance which makes Lagos port much more functional and attractive to shipping companies.

It's going to take years and deliberate efforts on the part of the federal government to turn the tide.

#my humble take on the Eastern port issues following researches I made a long time ago.

londoner:
They will encounter it even just by going to the airport and having to be stuck in traffic.

londoner:
Exactly Abuja planned and built from scratch as an alternative to what? LAGOS.

Everyone including me already knows this.

If the federal and state government decided to do the right thing when Lagos was the capital it would not have ended up as a messy sprawl in the first place.

Town planning is something used around the world even from the Roman times. Moving the capital was a necessity and a stroke of genius imho.