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PoliticsRe: Minister, Aregbesola Disagree Over FG’s Fertiliser Policy by leighcon(m): 5:51pm On Sep 05, 2013
^^
Well perhaps some improvement, I don't have the metrics to compare with the previous regime, but the Agric Minister is passionate and has ideas.

My suggestion has always been, let government stick to policies and incentives that addresses challenges being faced. That is, let us see the farmer's efforts and then we would aid you where you might want to fall. If you produce, I can create market for you, if you have issues with land, we can give you freehold as long as you are producing, if you are importing equipment we can give you tax waivers etc.

Hard work gives rest of mind unlike jobbing I'd keep mum there.

The NEMA case........ well dude is like 15 years older than me, so I treated it in the best way I could. Not to be discussed here.
PoliticsRe: Minister, Aregbesola Disagree Over FG’s Fertiliser Policy by leighcon(m): 4:46pm On Sep 05, 2013
Iolo: Nice point...but Aregbesola's policy besides my view that it won't be sustained beyond his government, his policy runs the risk of inflating prices in the Egg market. Governments contracts are structured such that the seller will sell his goods at a higher price....so why would they now sell to the masses at a lower price when they can as well sell to the Osun government for better gains. If you're thinking that there would be enough eggs to supply government and still meet demand through the normal market channels...ask yourself what would happen when the 300,000 eggs Osun government buys stops...supply would become increased and the growers would suffer as prices would fall even further or worse still, their eggs would go to waste, and they'd have to cut down on production by laying off personnel thus defeating the original intended purpose of the scheme in the first place.

I feel the better policy is assisting the growers with a better environment, rather than forcing demand that would disappear someday.
On sustenance, that is where legislation of policies are necessary such that it becomes a law and where you have to stop it, you need to repel such laws first. (UNILAG / MAULAG case comes to mind)

The policy cannot inflate the price of commodities in the main market because big players( Zartech, Funtua, Chi etc) are normally excluded. The competition amongst these big players are enough to correct the prices in the regular market. Moreover, demand from government is very limited and only acts as stimulant.

When the government demand stops, of course it will shrink the economy just as it happens when government does not give contract at the beginning of the year. When you shrink your economy, tax income also reduces for government.

I am not against the policy of assisting growers with inputs, I'm only asking which is more beneficial to our "insane" environment.

Wait a minute, when you grow at high cost and market can't afford your prices, what do you equally do - dash the products out? Such is the damage that poultry products smuggled from Benin has done to cottage poultry in Nigeria.
PoliticsRe: Minister, Aregbesola Disagree Over FG’s Fertiliser Policy by leighcon(m): 3:55pm On Sep 05, 2013
Goddex: [/b][b][/b]

From your previous posts I can infer you live in Lagos. Now, tell me, you live in Lagos and expect to according to you see "technicians fixing those Stuffs"? Is rice produced in Lagos. The South West generally is not known for rice cultivation. Rice is a common crop of northern Nigeria, parts of South South and South East. Visit the Abakaliki Rice Mills Complex for instance, if you want to see "technicians fixing those stuffs".
Yes, you are right I am based in the Southwest with occasional trips to other parts of the country.

What I was emphasizing was that if those percentages by the Agric Minister were correct, then we don't need a magnifying glass to spot the multiplier effects. The percentages don't just match reality basically, for instance I know fish is still imported largely, but we can still see our local production and its multiplier effects. Buy a Guardian newspaper on Monday or Tuesday and see if you won't find adverts for fish fingerlings, training e.t.c. same for Cassava, Sorghum, Maize etc.

awodman: @leighcon..try and understand the current Fertilizer policy before making ur assertions

Nobody distributes fertilizer from abuja...instead farmers are registered in an electronic system and govt subsidizes the price of this fertilizer by sending them e-vouchers and farmers approach registered private sector fertilizer with vouchers and collect the fertilizer by completing the payment.....

What you ωнεяε referring to is the old system as currently govt does not distribute fertilizer but subsidizes and monitors...
Yes I know how it works (is it working?). See, the insincerity and corruption that prevails in the country is what makes the approach not to be apt. In the wake of the Tsunami that displaced people in Japan, people were queuing for relief materials and you will find that every man shows consideration for the other.

Here, I have seen relief materials (blankets, buckets, and other cheap things o!) in the house of a NEMA staff. Something he ought to distribute, he kept some to himself. Imagine if a lot of NEMA staff did that, then the relief materials won't get to the desired beneficiaries in spite of government's intentions.

As per the voucher method, one of the posters said he registered others and himself but I doubt the himself is a farmer. So if people registered their brothers, party members etc, the goal would be defeated. And the actual people who got vouchers are saying the fertilizers are not available at the outlets.

Bros! if we could be scammed in petroleum subsidy by big goons, how much more the fertilizer scheme that has less awareness. Some dudes must have been scamming the farmers, shikena!
PoliticsRe: Minister, Aregbesola Disagree Over FG’s Fertiliser Policy by leighcon(m): 2:47pm On Sep 05, 2013
It seems some people are not getting the the drift here, let us compare the two methods;

1. Distribute fertilizers from Abuja

2. Buy up farmers' produce

The questions are;
(a)Which has more bureaucratic bottleneck tendencies and bearing in mind the insincerity and corruption that prevails? (I mean we are in a country where tips have become rights that must be obliged)

(b)Which has the potential of distributing per capita income?

(c)If you were a potential beneficiary, which would you prefer given that both are guaranteed?

And to the forum members;
Guk: I have a personal feeling that he Minister of Agric's Measurement/Metrics Information System is faulty but i may be wrong. He said we have achieved 33% production of rice meaning that every 1 in 3 bags of rice is produced in Nigeria.

Have you seen that reflected in the markets and stores you patronise for rice?

Has the 1 in 3 bags threatned or even forced down the price of the 2 in 3 still imported?

#justwonderingsha
I even need someone to list 5 local brands that I can go search for in the market, I honestly don't know of any.

awodman: How about storage,transport and preservation...don't they play a very large role on the price of commodities..

When you say osun has empowered their system do they have a strong Market board that will buy off not just eggs but other farm produce?
Yes, the state buys other agric produce as mentioned by the governor yesterday, he only gave the instance of the eggs to buttress the multiplier effect of the its kind of intervention and he boldly mentioned that his state is the only state in Nigeria that has done the most for Agriculture.

I almost invalidated that to give it to Kwara, but trust me I have first hand information of what is happening in Tshonga, Kwara state at the moment.

jethro2: I was one of the enumerators for farmers registration in Ogun State. Most registered farmers has been calling me to ask when they will get the fertilizer, unfortunately I have no answer for that. I registered myself and i have not heard anything from the government. Some other day, I was at the Federal Ministry of Agric and Rural Development in one of the Local goverment in Oyo state. I saw the fertilizers but was told the programme closes that day. Most farmers in that axis of the village were still running round to raise funds to purchase the fertilizer, yer the programme has been declared close. The question is what then happens to the remaining fertilizers. Farmers that now have their money has to but at the normal market rate. I will say the programme failed woefully. Another of our government propagandas
maasoap: You are a pathetic liar and completely ignorant of what you are talking about. When the programme to launch the capturing of farmers across the nation was launched this year, I participated in it in Osun State and the state government of osun really supported the fg and its representatives on that day with logistics and menu menu. Almost all the farmers I registered at ward 6, Osogbo local government, Osogbo have called me to know when the fertiliser will arrive. What month are we now? September.
Though we have no means of validating/verifying the above comments, but these are pointers to how things might have gone.

Goddex: Quite a high percentage of the rice you find in our markets today which you call "foreign rice" is actually produced locally. Yes, this may surprise you, abi? Forget the pranks our market men/women play by bagging them in foreign brands - such as Uncle Bens, Mama Gold, Stalion, Cap etc. All na lie lie. . .
Meaning foreign brands are more expensive and more profitable right... then the dealers must have been buying from the local farmers who must be very rich now. These things don't work like magic, if the local market is what is being patronised you will see its multiplier effect everywhere, machines for rice processing and the spare parts would have its own market by now (I can't see that), technicians fixing those stuff would have training centers, transport sector would know it, there would be sales and marketing jobs out there, advertising agencies would be busier etc.


Sincere 9gerian: I even wonder why they invited that rascal governor to the programme. I hate it when people play politics with everything. I watched the house of reps public hearing on the GES scheme and the members of house of reps, across party lines, were full of praise for the e-wallet fertilizer distribution system. It is not enough for Aregbe to tell the world that he spent N1billion to purchase fertilizer. He should tell us how much from the N1billion was lost to inflated contracts. Of the quantity eventually bought, how many bags went to real farmers and at what cost, and how many was diverted to political farmers.
Hey! We are not fighting here, we are analysing alternatives okay.
PoliticsRe: Minister, Aregbesola Disagree Over FG’s Fertiliser Policy by leighcon(m): 12:03pm On Sep 05, 2013
@Awodman, @rainbowman, @Berem, @Obiageli

I equally monitored the summit myself, let me mention that I've always been an Aregbe man(so you could sieve my bias if any) not withstanding let us look at this issue this way;

The objective of government in promoting Agriculture is to create an economy out of its value chain right? Comparing fertilizer input approach and the "ordinary 300,000 eggs" purchased by government per week, which do you think would spread per capita income the more?

The issue Aregbesola was complaining about is the fact that the corrupt system is not allowing the fertilizers get to the right people so the goal is being defeated.

Looking at the "ordinary 300,000 eggs" approach however, you would see that government spending on it would impact on the Chicken farmer, feed miller, transport operator etc providing more jobs along the line. It is just the same way government has to invest in infrastructure to create a booming construction industry. Imagine if it were to be subsidy on equipment, that was being given, do you think the industry would thrive that much.

Point is if market can be guaranteed, then people won't have issues sourcing for independent funding and inputs to take market advantage. At least in that case it is your output that would be patronised and it gives room for every category of players i.e big and small to participate.
Car TalkRe: Is D Sign Normal?? by leighcon(m): 1:05pm On Aug 30, 2013
^^
Yes the questions will a lot of times, but you need to realise that's majorly because you are vast in the field. And of course you can't use your level of smartness as a yardstick for others.

If you think people ask silly questions here, then you need a playback of calls to a Telco customer service or IT support.
Imagine for e.g

Customer: My internet is not working

Support: What does it display on the screen?

Customer: Nothing

Support: I believe there should be a message, can you read it for me?

Customer: There is nothing, will I lie!!

Support: Nothing as in blank?

Customer: Yes now, no light and the laptop's battery is dead

Support: (What would you do or say?)
PoliticsRe: Fashola Denies Obtaining $15m From Export-import Bank by leighcon(m): 10:44pm On Jan 16, 2013
To Aribisala0 and others who have made up their minds to interpret this transaction as a loan(better still a shady deal);

The transaction is purely for contingent reasons. Ask yourself this question, what if the fire engine company finishes manufacturing and government or its policy changes to the negative e.g say Fashola was suddenly unseated and then the new governor says I am not paying for the fire engines? Who then buys them?

If you may want to know, the fund must have been placed with(or guaranteed to) Nigerian Exim, because what they have simply done is to make an obligation to pay no matter the eventualities that follow.

The only party that borrowed was the US company which is not unsual for that kind of business. The lender of the fund i.e US Exim in order to guarantee repayment of its own loan has only obtained guarantee from LASG through NIG Exim.

And as to why the government did not go to Volvo, DAF etc,those ones make general purpose trucks which can now be customised by for instance a fire engine manufacturing firm. Walie already hinted you on the likely make-up of the internals.
EducationRe: Your University/Alma Mater Slangs by leighcon(m): 10:16pm On Dec 20, 2012
No Unilag Alumni here?

Okay - CHANNEL O - A hole or any opening boys peep from to look at girls dressing up or having their bath. Boys bad gaan then, it was some people's routine to wake up to watch Channel O[b][/b] at 4am.
CrimeRe: My Experience With Swindlers by leighcon(m): 2:02pm On Nov 13, 2012
A pure mind game has been played on you, those guys deliberately leave out like 2 notes when giving you the money, they make you count like 3-5 times and they also recount just so you are both sure of the number of notes missing.

While pretending to reach for his pocket to bring out the missing notes, he distracts you and takes some wads out of the one in his hand to put in his pocket only to bring out the number of notes agreed to make it complete. So in your case he probably took out N14k only to bring out N2k.

Whenever I have their time I play them a lot, they would have quoted very high rate to attract you, what I do is I recount anytime they give me the final amount and then they begin to call me "thief wey wan chop high rate" of course they end up running away.

Pele! Next time never trust anybody with anything!
PoliticsRe: Ajimobi's Wife Back In Nigeria - Information Commissioner by leighcon(op): 7:10pm On Oct 31, 2012
More like case closed at this juncture!!
PoliticsRe: Ajimobi's Wife Back In Nigeria - Information Commissioner by leighcon(op): 2:45pm On Oct 31, 2012
The HC for Information actually called in to Channels this morning to clear the air on the matter( I got his mail immediately he did). All the news media spreading the rumour have not been able to counter government's response.

On 31 October 2012 08:58, Oladele Olatubosun George <********@yahoo.com> wrote:

Yes you can.

I have finished the telephone interview with channels.

Thanks

Sent from my iPad.


Bosun Oladele
HC Information. Oyo State.


On Oct 31, 2012, at 8:17 AM, "*********(Google mail)" <********@gmail.com> wrote:

Good morning sir,
Can I put this online also? Of course I won't compromise your personal data.

PoliticsAjimobi's Wife Back In Nigeria - Information Commissioner by leighcon(op): 8:47am On Oct 31, 2012
Like I shared in other related threads, I have been talking with the Information Commissioner in Oyo state over Ajimobi's wife arrest in the U.K in order to elicit the truth. Appended below is his latest mail to me, confirming that she is now in the country and that he will be calling Channels T.V Sunrise daily programme to respond to issues.

On Oct 30, 2012, at 7:58 PM, "(Google mail)" <@gmail.com> wrote:

It has really been making rounds online. I just posted your responses here - and here


On 31 October 2012 06:52, Oladele Olatubosun <@yahoo.com> wrote:

I will be calling in to SUNRISE DAILY on CHANNELS this morning to talk about this also. She had to cut short her trip to UK which she embarked upon on Sunday and she came in this morning by Virgin Atlantic.

She will be attending some public functions to prove them wrong today.

Thanks

Sent from my iPad.

Bosun Oladele
HC Information. Oyo State.


On 31 October 2012 08:17, (Google mail) <@gmail.com> wrote:

Good morning sir,
Can I put this online also? Of course I won't compromise your personal data.
PoliticsRe: Ajimobi Sues PM News, For N1Billion Over Report On Wife Being Arrested by leighcon(m): 7:55pm On Oct 30, 2012
Just like I did in another post, below is an exchange of email between myself and the Information Commissioner in Oyo state;

From:
To:
Sent: Tuesday, October 30, 2012 4:48 PM
Subject: News on Mrs> Ajimobi's Arrest


Sir,
Saw a news in the link below on the arrest of Governor's wife and how he has travelled to stand surety for him.

Ajimobi's wife Arrest


---------- Forwarded message ----------
From:
Date: 30 October 2012 19:22
Subject: Re: News on Mrs> Ajimobi's Arrest
To:



Ajimobi sues PM News, NewsLeak for N1b over report on wife


The Oyo State Governor, Senator Abiola Ajimobi, has sued the Independent Communications Network Limited, publishers of PM News for the sum of N1 billion.


...
This was disclosed in a release issued by Festus Adedayo, the governor's Special Adviser on Media.


The evening newspaper had on Tuesday published a piece entitled 'Anxiety over Florence Ajimobi's alleged arrest in UK' wherein it published a story purportedly written by an online agency named Newsleak which alleged that the wife of the governor had been arrested in London for money laundering.


According to the release, the government of Oyo State had the responsibility to ensure that the media does not become an instrument in the hands of blackmailers for such acts.


"We want to state unequivocally that this report is not only wicked, it is the figment of the imagination of the writers. Mrs. Ajimobi was never arrested for any offence whatsoever. Even though our investigations have shown that this is the work of some arrowheads of the opposition, it was done in such an amateurish way that beats the imagination of any responsible reader," the release said.


The government said that though it had a lot of respect for the media, there was the need to drag the runners of these media to court to explain the details of their reports to the rest of the world.

The government decried what it called dirty politicking by the opposition in the state who use the media for the propagation of their falsehood, stating that the courts would be able to compel those behind this wicked lie to provide details of the veracity or otherwise of their claims on the governor's wife.


On 30 October 2012 19:24, wrote:

According to peddlers of the wicked rumuor about the Oyo State First Lady, it was a community based newspaper in the UK that published the news of Mrs Ajimobi's "arrest" with Lavish pictures and they have been making efforts to get the pictures.
However here are some posers for the wicked souls>>>>>
1. how come they got the news and not the pictures.

2. Which community based newspaper in the UK will publish without a name of the tabloid?

3. What is the name of the newspaper for it to be verified by discerning readers?

4. How come Chief Wole Olanipekun SAN was named as the Lawyer when the newspaper has no name and Chief Olanipekun is not licensed to practise Law in the UK?

5. why would Mrs Ajimobi be arrested on Tuesday 16th October (2 weeks ago by their report) when she was busy disrtibuting food items to the less priviledged in Oyo State on that same day at the flag off of Ajumose food bank marking the world food day?

6. How come there is nothing on the website of London Metropolitan Police to this effect?

7. How come according to the rumour mongers, she was granted one week bail and she chose to travel back to London on Sunday 28th October 2012 two weeks after having "jumped bail" for one week?

8. why are the rumour mongers using pseudo names on face book?

Answer pleeeassssse!!!!!!!!!!!
PoliticsRe: Oyo’s First Lady Not Arrested - London’s Metropolitan Police by leighcon(m): 7:38pm On Oct 30, 2012
Below is an exchange of email between myself and the Information Commissioner in Oyo state;

From:
To:
Sent: Tuesday, October 30, 2012 4:48 PM
Subject: News on Mrs> Ajimobi's Arrest


Sir,
Saw a news in the link below on the arrest of Governor's wife and how he has travelled to stand surety for him.

Ajimobi's wife Arrest


---------- Forwarded message ----------
From:
Date: 30 October 2012 19:22
Subject: Re: News on Mrs> Ajimobi's Arrest
To:



Ajimobi sues PM News, NewsLeak for N1b over report on wife


The Oyo State Governor, Senator Abiola Ajimobi, has sued the Independent Communications Network Limited, publishers of PM News for the sum of N1 billion.


...
This was disclosed in a release issued by Festus Adedayo, the governor's Special Adviser on Media.


The evening newspaper had on Tuesday published a piece entitled 'Anxiety over Florence Ajimobi's alleged arrest in UK' wherein it published a story purportedly written by an online agency named Newsleak which alleged that the wife of the governor had been arrested in London for money laundering.


According to the release, the government of Oyo State had the responsibility to ensure that the media does not become an instrument in the hands of blackmailers for such acts.


"We want to state unequivocally that this report is not only wicked, it is the figment of the imagination of the writers. Mrs. Ajimobi was never arrested for any offence whatsoever. Even though our investigations have shown that this is the work of some arrowheads of the opposition, it was done in such an amateurish way that beats the imagination of any responsible reader," the release said.


The government said that though it had a lot of respect for the media, there was the need to drag the runners of these media to court to explain the details of their reports to the rest of the world.

The government decried what it called dirty politicking by the opposition in the state who use the media for the propagation of their falsehood, stating that the courts would be able to compel those behind this wicked lie to provide details of the veracity or otherwise of their claims on the governor's wife.


On 30 October 2012 19:24, wrote:

According to peddlers of the wicked rumuor about the Oyo State First Lady, it was a community based newspaper in the UK that published the news of Mrs Ajimobi's "arrest" with Lavish pictures and they have been making efforts to get the pictures.
However here are some posers for the wicked souls>>>>>
1. how come they got the news and not the pictures.

2. Which community based newspaper in the UK will publish without a name of the tabloid?

3. What is the name of the newspaper for it to be verified by discerning readers?

4. How come Chief Wole Olanipekun SAN was named as the Lawyer when the newspaper has no name and Chief Olanipekun is not licensed to practise Law in the UK?

5. why would Mrs Ajimobi be arrested on Tuesday 16th October (2 weeks ago by their report) when she was busy disrtibuting food items to the less priviledged in Oyo State on that same day at the flag off of Ajumose food bank marking the world food day?

6. How come there is nothing on the website of London Metropolitan Police to this effect?

7. How come according to the rumour mongers, she was granted one week bail and she chose to travel back to London on Sunday 28th October 2012 two weeks after having "jumped bail" for one week?

8. why are the rumour mongers using pseudo names on face book?

Answer pleeeassssse!!!!!!!!!!!
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 11:24pm On Sep 06, 2012
faithin9ja: Young man stop displaying your ignorance. Value of money always changes over the years. Your money has a very different value today - in economics it's called NPV (net present value)

In 1994 your Dad was earning how much? Perhaps N10,000 a month (that's what middle level bankers earned in the mid 90's) today middle level bankers earn N300,000 a month.

1990 rent for a flat in UK was £350 per month, today it's £1500 a month. Just one example. Go on brush up on your economics
occam: Let's do some math here:

In 1994, my dad bought a Honda accord for N150,000. I believe it was a 1990 model tokunbo from a dealer in western ave.

Today a 2009 accord sells for N2.5 million. So 17 yrs ago this amont will buy me 16 accords! 17yrs ago

Mehn things don wowo for this our Naija no be small o

Any other item to compare?
Economics Guru(AKA O. A Lawal),

The dude's statement implies that 17 years ago N2.5m would have bought him 16 Accords, wondering why the currency lost so much value in just 17 years. If our inflation rate has been single digit then it wouldn't have been this bad.

Back to our gist jare, any savourable experience again?
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 11:15pm On Sep 06, 2012
Remii: http://www.cenbank.org/Currency/Oldnotes/1973.asp check that link. Naira was introduced in 1973 by Gowon for your information.
Bros I acknowledged your elderness now!! I think it was the 1/2kobo that came to mind. For real 25kobo was never so common to find, it was scarce in the 80's, your link supports my assertion, it was re-introduced in the 90's again though.

May your days be long sir grin grin grin
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 10:25pm On Sep 06, 2012
Remii: I used pence, shillings and pounds. I remember we used to tie 2 pence to our shorts going to school. I saw the introduction of Naira and Kobo, there was also a 25k coin, that was called Dollar, (USD was apparently equivalent of 25K in 1970s)it was not well accepted though so it faded out very soon.
In my town, a drop of intra-city bus was 10K and that is the name they still call the minibuses till today over there. I also remember that N20 was a bragging note in those days at Old Buka at OAU, Ife. If you brought out the green note of Murtala, everyone who saw it would look at you like a "big boy" lol fyi, monthly school stipend was N30 at the time. grin grin grin grin grin
Bros na we set dey here now no be una set!! You want us to start savouring the days of N1.25 to a 1$ here. I don't think there was 25kobo in the seventies though, maybe you were trying to recollect 21/2kobo, which wasn't even so common to find around.
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 8:29pm On Sep 06, 2012
^^
Abio! Dude no sabi say if you gather 5 1k coins na 3 Choco Milo be that!!! We pay cobblers (Shoemakers) then with 1k coins to mend our Cotina(I no sabi the spelling again oo)

Me I no too like coke then sha, na Crush I like pass with that sexy bottle.
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 8:09pm On Sep 06, 2012
damilarelr: Hmmm, though I spend the 50k and 10k coins when in primary school, I got to see the 50k and 1 naira notes when growing up (I think I still have the 50kobo notes at home). It was fun being a kid those days when you imagine how long a 5 naira note can last you. In fact, back in 1996, I still remember taking a bus of 3 naira to my secondary school in Ibadan.
Ibadan Boi - Which area you grow na?

You remind me of bus trip from Akobo - Gate going to Loyola college then 91/92- Fare was N1. I go break the journey to save 20kobo when going back home. Gate - Bashorun 50kobo, Bashorun - Akobo 30kobo(bus ooo! taxi never dey that route.

Does anyone remember how much they sell Target then (siga target) for those wey buy am for the area broses ni oo
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 6:52pm On Sep 06, 2012
And not forgetting to mention that church offering those days were usually in coins. You'd want to drop your own in the tray so it made some "gbran gbran" sound. Learn't how to draw H. Macaulay's mustache on the almighty N1 note then(Big boy's currency).

I feel like crying remembering days of 35 kobo per litre fuel, relishing memories of those old round shaped Mobil, Elf, National, Agip pumps metering the thing.

Imagine cement was like N11 when my papa dey build house that time, jumped to N35 by the time he finished construction.

This economy has really gone south!!
Nairaland GeneralRe: Did You Use 5 & 10 Kobo Coins? (pics) by leighcon(m): 5:19pm On Sep 06, 2012
Did well! 10kobo = 10 (sweet alangba) while 30kobo = 1 doughnut, days when coke(thick bottle) was 70kobo and crush/seveup family was 65kobo. 1 kobo was fading out then but then we still gather 5 and spend. N1 (red and later green coulour) was the big boys money sprayed at parties.

Things don spoil no be small.
BusinessRe: Funke Osibodu Exits Union Bank by leighcon(m): 11:27am On Jul 23, 2012
^^
Oga,
Don't misrepresent facts sir. Check http://www.unionbank-recap.com/faq-page . Time will tell anyway.

Meanwhile, it's not her fault that you existing shareholders refused to take up your rights, did she prevent anyone from buying? How did she frustrate the process?

Which N15 billion? From who? Why would new investors who you claim are her friends pay N15 billion that would disappear?

AMCON and UGPL now own 78.5% not 84%. Ofcourse AMCON was willing to shed holding but shareholders didn't take up their rights. UGPL took up extra holdings on the floor of NSE, not through any shady deal.

By the way Funke Osibodu is a Mrs. not Ms.
BusinessRe: Funke Osibodu Exits Union Bank by leighcon(m): 11:03pm On Jul 21, 2012
I suspect people claiming Osibodu is the reason Union Bank is that bad to be either staff who were hurt in the scheme of her restructuring the operations of the bank or people who are connected to staff who deliberately falsify information just to malign the lady.

Objectively, Union bank is better than what it was in 2009, I'll therefore conclude that previous managements created the mess people are seeing. It won't be nice to conclude that someone who successfully carried out the mandate given her by CBN has not done well.
BusinessRe: Funke Osibodu Exits Union Bank by leighcon(m): 5:24pm On Jul 21, 2012
^^
Rasputinn your post seem uninformed. The right issue was only 15.5% subscribed far below the threshold allowed by SEC for the proceeds to have been due to the bank. In this vein the registrar is to return money to people who subscribed.

The shareholders of the bank have been receiving their money back through the same channel they receive dividends.

The money did not even get to the management of the bank in the first place.

@topic
Good development for the bank but beyond a new CEO, new technocrats are generally needed at its top echelon to achieve the expected transformation.

Lets all wait to see the bank unfold, for me I think the new core owners have been too slow. It's been a year already that those folks bought in.

Anyone with some more info not in public glare? Please share, this has been the only gist for 4 days now.

Meanwhile, the time to buy the bank's stocks is now.
PoliticsRe: Assess Me After One Year - GEJ by leighcon(m): 6:16pm On May 30, 2012
^^
Just in case you don't live here - Power, Security, Infrastructures abi we are asking too much?
PoliticsRe: Assess Me After One Year - GEJ by leighcon(m): 6:03pm On May 30, 2012
Gospel truth is GEJ has refused to dissapoint some of us by playing out the exact character whom we thought ab initio(Jarus, Dayo abi mo pa iro?). My only concern are Beaf and his likes who keep looking but keep seeing less.

Some air fresheners needed here to douse this odour!
SportsRe: Which Of Yekinis Goals Do You Consider The Greatest by leighcon(m): 1:35am On May 05, 2012
That bicycle against Spain in 98 was actually outta this world considering that baba was much older then. By and large me still love that corner post goal against Algeria in '93.

With Yekee on the pitch, Nigeria was usually assured of at least a goal even if we don't win the game. No blanks!!!
PoliticsRe: I Didn't Say "The Poor Don't Get It" - Ngozi Okonjo-Iweala by leighcon(m): 5:06pm On Jan 09, 2012
Saw it too and was mused at the lack of decorum usually exhibited by our leaders.  
Mschew same individuals who are taxed to pay her wages

Mr. "I no get shoes" don infect all of them.
PoliticsRe: Describe Goodluck Jonathan In One Word by leighcon(m): 12:03pm On Jan 09, 2012
Incompetent
PoliticsRe: Removal Of Petroleum Subsidy: In Whose Interest? Live by leighcon(m): 12:00pm On Dec 22, 2011
This Ben is making sense!!!
PropertiesRe: Picture Of Prostrating Building At Oba Akran Ikeja Lagos by leighcon(m): 8:02pm On Nov 30, 2011
Bad Journalism!! Am sure I'd never want to read from such source.

Oba Akran Av is a dual carriage way now!
PoliticsRe: Okonjo-Iweala: Is She The Messiah We Are Waiting For, Or Do We Look For Another? by leighcon(m): 11:29pm On Oct 22, 2011
^^
You did not do your own home work at all to talk of doing it well.
You have never benefited in government because you work in the private sector yet you travel on roads built by the government!

You got your basic economics wrong. A socialist economy is the Cuban type where government control forces of production while the US of A is the capitalist run nation where almost everything asides social services is private sector driven. O. A. Lawal will help you here.

Gsm and Fuel are two different things, one has more multiplier effect than the other as in the cost of fuel being a determinant of costs at the macro level.

Sim card cost coming down, yes I agree it was due to competition but as for the cost of phones, it has been more of improvement in technology.

What many people are saying is that since we have crude oil right under our nose here, then we shouldn't pay the same cost as nations that do not have it. The question is what has government done/ is doing to make us have this comparative advantage?

Removal of subsidy at this time is definitely not good enough for the masses, the cabal will still reap their money from this same masses.

Just look at this, AMCON is promising to buy up the debt Zenon was owing Keystone bank (PHB)[With state's resources] whereas Otedola is still living in Opulence - Sorry to digress but then that is what we will keep getting until we have people with understanding running our governments.

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