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EducationRe: Parents Reject N5000 Insurance Levy For Pupils In Unity Schools by LRNZH(op): 4:45pm On Dec 31, 2014
The clandestine scheme to profiteer Jimoh Ibrahim by PDP has met a brickwall.

High level Corruption! When will thou leave us Nigerians?
PoliticsRe: The Second Woman In GEJ Life That He Doesnt Want Nigeria To Know About by LRNZH(m): 4:33pm On Dec 31, 2014
No Comment.
EducationParents Reject N5000 Insurance Levy For Pupils In Unity Schools by LRNZH(op): 4:29pm On Dec 31, 2014
Parents of pupils in the unity schools and the Federal Ministry of Education are now at loggerheads over the directive by the ministry asking parents to pay N5,000 insurance policy for their children.

Under the scheme, which is being underwritten by NICON Insurance Plc, the money is to mitigate the effects of the Boko Haram insurgency and other forms of attacks on educational institutions.


Though parents applauded the initiative, they however rejected the provision that stipulated that each of the pupils should pay N5,000 per annum to enjoy the scheme.

For instance, the Chairman, Parent-Teacher-Association, Federal Government College, Jos, Plateau State, Mr. Mutla Habila, said parents were opposed to the scheme.

He told one of our correspondents on the telephone that parents were opposed to the scheme because they could not see its value.

He said, “As the PTA FGC Jos chairman, I was the first person to question the propriety of the scheme and I stand by my opposition to it. I am asking all parents not to pay and those who have paid should ask for a refund.”

But the Principal of FGC Jos, Mr. Manko Mohammed, said the insurance scheme was a policy of the Federal Government, which all parents were to comply with.

He said that he had not asked parents not to pay, but the text message asking parents to ignore the directive was from the PTA of the school which the authorities knew nothing about.

He said, “As a civil servant, I am supposed to follow directives and this one is from the Federal Ministry of Education and I communicate to all parents through the newsletter. I did not send any text message to parents. It was from a certain PTA of which we have no knowledge of.”

He said all parents were duly briefed about the benefits of the scheme to the welfare of their children.

The scheme, when implemented will fetch NICON N625m from the 104 unity schools with 125,000 pupils.

Also, some parents of pupils at the Federal Government College, Ijanikin, Lagos have queried the scheme.

They argued that the Federal Government was supposed to pay for the policy because it was the government that should be responsible for the security of the pupils.

“I work in a company too and the management of the firm has insured me. I was not asked to pay for the policy, so why should the government ask pupils to pay N5,000 yearly for the policy?” One of the parents, Mr. Kunle Ayeni, said.


Also, the King’s College, Lagos Parent-Teacher-Association on Tuesday faulted the new insurance regime, saying the move was hasty.

The association spoke through its Chairman, Chief Emman Oriakhi.

Oriakhi said though the initiative looked laudable, it was wrong for the Federal Government to have embarked on it without consulting major stakeholders.

He said, “It is a good move that was hastily carried out. The Federal Ministry of Education did not consult any interested group in the sector.

“The KCPTA is aligning with its parent association, National Association of Parent-Teacher of the Federal Government Colleges, in rejecting this policy.

“If major stakeholders had discussed the derivable gains, we would have been in a position to say whether it is worth committing our money to.

“Do you know what it means to garner N625m every year via this policy? So, I canvass that the authorities should invite and discuss with stakeholders on the way forward.”

Meanwhile, the management of NICON Insurance Plc, on Tuesday said its appointment as the underwriter of the Students’ Welfare Insurance Scheme followed due process.

https://punch.cdn.ng/wp-content/uploads/2014/09/Minister-of-Education-Mr.-Ibrahim-Shekarau-360x225.jpg
http://www.punchng.com/news/parents-reject-fgs-n625m-insurance-for-pupils/
PoliticsRe: Jonathan Decries The Use Of Social Media To Cause Anarchy by LRNZH(m): 3:55pm On Dec 31, 2014
Ngwakwe:
See his reply to your question

Goodluck Jonathan said "I did say during my declaration on November 11, 2014, that we are proud that no Nigerian has been exiled or imprisoned on our watch, for holding contrary views. We must ensure that we continue to water the tree bearing the fruits of freedom, for our beloved people.
All the over 3,000 dead and even more displaced persons from GEJ's mishandling of the Boko Haram issue nko? His Gov't is responsible.
PoliticsRe: Jonathan Decries The Use Of Social Media To Cause Anarchy by LRNZH(m): 3:50pm On Dec 31, 2014
It won't surprise me if this happens.

Was it not GEJ that hired an Isreali firm to monitor Nigeria's internet traffic for a ridiculous amount of money?


Afterall DSS abi na SSS are harassing APC progressives while Asari and Edwin Clarke are rambling all they want.
PoliticsRe: Power Generation Fell To 2,900MW In Q3 —report by LRNZH(m): 3:43pm On Dec 31, 2014
Hahahaha it is obvious. Even blind people can tell power generation has dropped everywhere. So so generator noise ......


Misplaced priorities galore.

Instead of Security, Power and Refineries.

GEJ woke up and decided to focus on refurbishing trains exactly in the manner he attempted renaming UNILAG to MAULAG.

Guys look at this and see for yourself

https://www.nairaland.com/2067016/photos-10-billion-us-dollars
PoliticsRe: Video Shows President Jonathan Linking Ex-borno Governor Ali Modu Sheriff, To BH by LRNZH(m): 3:33pm On Dec 31, 2014
This is not a secret.....

PoliticsRe: Video Shows President Jonathan Linking Ex-borno Governor Ali Modu Sheriff, To BH by LRNZH(m): 3:32pm On Dec 31, 2014
shocked shocked shocked shocked huh huh huh huh
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op):
IanDiamonds:
Please continue with the good work. God will strengthen you.
Besides, I drew put my plan on How APC wants to fix Nigeria, and judging from the structure of the party, my plan will pretty much be what they have in mind.
Kindly share this plan (if I understand you well) even if high level details. Let us learn from it .

Thanks.
PoliticsRe: R-E-V-E-A-L-E-D!!! Illiterate Buhari Will Destroy Nigeria - Oby Ezekwesili. by LRNZH(m): 3:16pm On Dec 31, 2014
The average IQ in TANoid kingdom is nothing to write home about. No source. Just a low level thinker's opinion.

Where did Oby (a progressive by nature) mention GMB?

Did you not see her at OBJ's 'My Watch' book launch?

Transform your IQs please.
PoliticsRe: Will You Vote GEJ If He Reduces Pump Price Of Petrol In His Speech Tomorrow? by LRNZH(m):
Big Yes because GEJ and PDP cannot afford it.

This is a dare!

What will PDP use to rig elections?
Don't you know the PDP pledged N21 Billion will come from Gov't coffers?

Transformation for you
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 2:44pm On Dec 31, 2014
enny09:
so why are nigerians still buying a litre of petrol @ N97 despite the fall in oil price
Because we earn less from crude sale and there is subsidy. Without refining our own crude oil, we do no t benefit from low or high oil prices that much.

Factor in the overhead of massive Gov't corruption which does not reduce even with falling oil price.
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op): 2:39pm On Dec 31, 2014
Slowly but surely.....the message is getting across.
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 12:07pm On Dec 31, 2014
nduchucks:
You've still failed to give us a roadmap to achieving or implementing the items you listed. These items are well known to everyone and have been known for decades. Listing stale, no brainer items, is quite useless, to tell you the truth.
If you notice. I just leave the matter o.
PoliticsRe: Truth Be Told by LRNZH(m): 12:02pm On Dec 31, 2014
shocked shocked shocked shocked
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 11:24am On Dec 31, 2014
WhiteTechnology:
You are wrong

The efforts of a good leader is wasted by a system prone to corruption

Eg

Jesus was a good leader but his financial treasury was looted by Judas but no one knew except Jesus because he has divine powers.

If Judas had been told to reveal on a daily basis the financial activities of the ministry, he would have being exposed earlier or he won't have stolen due to the accountable system being operated.
So you judge Jesus' legacy based on rotten Judas and not on the message that has permeated the world?
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op): 11:20am On Dec 31, 2014
Feraz:
It's not about population. Even if we consider population, China is much more populated than Nigeria.

That being said, if we work with the assumption that China could generate that amount of electricity with the original amount in the OP, then we need to ask our past leaders from '99 till date what they have done with our money. Let's start with OBJ who spent about $16B to generate darkness for us and pegging that of China at 6000MW, then we'll be looking at about 28000MW of electricity; factor in Yar'Adua and GEJ and we'll be looking at about 40000 - 50000MW which of more than enough to draw more investors. Now, include that of our leaders promising us constant power and you're looking at power generation a little above 70000MW.

What about our universities? Dividing that missing $10B with 90 federal institutions will give about $111m which is about N16B ($1 - N160). This amount is somewhat enough to equip our engineering, medical and science laboratories. Even ok to start up some research centers in this country and shift our dependence on oil to something else.

How about the military?

We really should demand for what happened to our money.

Pardon any error in my calculation. Also note that I'm working with assumptions here.

If this amount of money is missing, what then is the function of NASS? Aren't they supposed to call the president to order on this?
Very pertinent points
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 11:11am On Dec 31, 2014
WhiteTechnology:
Thanks for being specific

Firstly

The 7points is being resisted by the far North on all political platforms . So my friend its more of a geopolitical problem than party problem


The problem of corruption is not PDP or APC but the absence of detail submission of our institutions financial/other activities to the public for scrutiny

In essence its more of a systematic inadequacy

For example

It is only in Nigeria, an institution can will tell you that they spent 10million naira building a house but will never tell you

1) how many bags of cement used and the cost per bag

2) how many tippers of sand/gravels/stones used and the cost per bag

3) how many iron rods used and the cost per rod

4) how many people were employed, their names and how much each was paid

5) where they bought the materials and show you the receipt

6) etc

It is easy for a person to inflate figures astronomical when such details are omitted.

In developed Western and Eastern nations, details like this are not overlooked.
I see your point.

You may have overlooked the power of effective and decisive leadership.

If the president is against corruption, his vision will permeate down. Whatever a leader is passionate about is what the followers largely believe.

Most PDP (especially GEJ's) Gov'ts turn a blind eye to blatant corruption
.
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 10:45am On Dec 31, 2014
WhiteTechnology:
Be more specific with your question to enable me hit my point quick fast and accurate.
Lets start with 16 years of PDP.

How will you rate them in trying to achieve the 7 points you raised over that time period?

Be patient and go through the $10Billion thread when you have some time. You will be amazed.
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 10:33am On Dec 31, 2014
WhiteTechnology:
1) Resource Control

2) Fiscal Federalism

3) Privatization

4) Political Federalism

5) Decentralization of Nigeria

6) Restructuring of Nigeria

6) Institutions giving detail account of their financial/other activities to the public through their websites/panels for public scrutiny every 3months.


Which are the fastest route to

I) economic diversification,
ii) citizenry prosperity
iii) political stability


These 7 points are the basis of True Federalism which can help Nigeria become a Super Power and a first world Nation.
please shed more light on this points.

Infact have you seen this tread?

https://www.nairaland.com/2067016/photos-10-billion-us-dollars/4
Come lets have a discourse.
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op):
sokt:
[/color]O MA SE O!



I don't have anything to say



BUT ARE WE REALLY HELPLESS!!!
Screaming my head off!
sokt

Take heart.
The only problem is some people may not live long enough to see the new transformed Nigeria.
Hence we need to make change happen ASAP (as soon as possible)
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 10:09am On Dec 31, 2014
omenka:
How the cookie crumbles.

I'm hoping to see that day Nigeria can't export a single drop of oil so we can have real leaders ready to roll up their sleeves and do some hard work, and not the nutcases high on petrodollars striding the corridors of power today.

#TeamNoMoreOilExports.

It may sound extreme but you have a point.

Until oil becomes unpalatable, these corrupt poliyicians will never use their heads to lead properly.

Only GMB is selfless enough to take on Nigeria's issues no matter lthe oil price.
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 9:54am On Dec 31, 2014
Power and Refineries are supposed to be the first set of priorities apart from Security.

But GEJ in his usual 'MAULAG' fashion went for trains.

Misplaced priorities.
PoliticsRe: Cancer-causing Metal Detected In Water Supplied To Lagos Residents by LRNZH(m): 9:48am On Dec 31, 2014
Dont worry the right thinking Mods will clean up the OP.

Hatred in saTANoids.
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 9:41am On Dec 31, 2014
olatunji21:
thats a very bad wish..Remember the trains are meant for Nigerians..
We need a more comprehensive rail project integrated with air and sea ports.

Not this refurbished trains.

Sai Buhari
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op): 9:12am On Dec 31, 2014
azzima:
please do your job and send this to front page and shut up with your dumb ramblings!!!
!!!!!!!!!
BusinessRe: Nigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 9:09am On Dec 31, 2014
All those refurbished trains project will die a premature death with this.
PoliticsRe: Live Pictures From Hon Dakuku Petersides Birthday Celebration by LRNZH(m): 9:07am On Dec 31, 2014
PROGRESSIVES.

Always organised. Wike's always looks like touts' affair.
PoliticsRe: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(op): 8:09am On Dec 31, 2014
azzima:
this idiot should just give up this argument....you looking really really bad here the more you try to cover you biased foolishness. FRONT PAGE!!!!!
Mods Heed to Popular demand: FRONT PAGE
BusinessNigeria Struggles to Sell Oil Cargoes, Offers Discounts to Asian Buyers by LRNZH(op): 8:07am On Dec 31, 2014
Almost half of Nigeria’s cargoes due to be exported in January are still available, Reuters has reported, even as oil prices reach the $50s trough, almost $10 below Nigeria’s benchmark price.

The backlog has pushed Nigerian oil differentials versus Brent to their lowest since at least 2009 BFO-QUA at 65 cents a barrel, down 80 per cent since May, said Reuters. And it is also creating a discount frenzy between African and Gulf oil producers to Asian buyers.

Asia has become a hotspot for a price war between African and Gulf oil producers who, hobbled by bulging global supplies and waning demand, are offering steep discounts to defend their market share in the world’s top net crude buying region.

The competition is welcome news for Asian buyers. If oil stays near $60 per barrel, import costs for the world’s second biggest oil consumer, China, would drop to under $125 billion a year, versus $222 billion in 2013 when crude averaged $110.

But for producers, it means more competition, and African sellers like Nigeria and Angola, faced with precarious finances due to plummeting oil prices, are struggling to make inroads into Asia, a Middle Eastern stronghold.

Owing to the frantic competition for Asian buyers, India, THISDAY learnt, has taken the unusual step of asking Nigeria to offer it a 90-day credit line if it must continue to buy her crude oil.

With the loss of the US market earlier this year, India has replaced it as Nigeria’s biggest buyer of the country’s light crude grade.

“There is competition between West African and Middle East suppliers for the Asian markets, but the Middle East suppliers have the cost advantage,” said Philip Andrews-Speed, head of Energy Security Division at the National University of Singapore. The city-state is a major oil trading hub in Asia.

Low operating costs in Saudi Arabia, Kuwait and the Emirates already allow these countries to offer hefty discounts.

Now, a more than 50 per cent jump in freight rates between West Africa and China since September is adding to the relative advantage of Middle Eastern grades, which require shorter shipping distances to Asia. This has been a big setback for West African producers.

West African exports got a brief boost in August when Brent’s premium to Middle East crude DUB-EFS-1M narrowed to less than $2 per barrel from almost $5 in June. But with Middle Eastern producers now offering even more competitive prices, the advantage has faded.

“A year ago, a $2 premium would have been attractive, but in today’s environment it’s different,” a trader dealing with West African crude said.


West African producers traditionally sold most of their oil to North America and Europe, but exports dwindled given a gusher of shale oil from the United States and higher output from nations outside the Organisation of the Petroleum Exporting Countries (OPEC).

West African crude exports to Asia rose more than 4 per cent between January and December, Reuters data has shown. China accounted for most of the rise as it took advantage of low prices to build up oil reserves.

But the higher West African arrivals into Asia were mainly due to sales before October, and have dropped since then due to Middle East discounts.

Middle East producers continue to dominate the Asian oil market, with Saudi Arabia, the United Arab Emirates (UAE) and Kuwait all increasing shipments to the region since 2012.

The Middle East accounts for around half of China’s imports and Africa has a 25 per cent share.

With pricing an advantage for Gulf producers, one hope for West Africa is China’s drive for diversification in order to avoid over-reliance on Middle Eastern oil, JBC Energy said.

But analysts are sceptical about the sustainability of steep discounts, as producers need higher prices to finance their budgets.

“Governments that underpin their budgets with oil or metals have seen currency values plummet, reserves erode or current account deficits rise… Regimes built on oil wealth will come under pressure,” risk consultancy and insurance brokerage JLT Group said in its 2015 outlook.

https://cdn.akamai.thisdaylive.com/0bef99d6-acf5-4e2c-9779-8fa02ba3fcd4/assets/100412T.Diezani-Alison-Madueke.jpg?maxwidth=400&maxheight=540

http://www.thisdaylive.com/articles/nigeria-struggles-to-sell-oil-cargoes-offers-discounts-to-asian-buyers/198070/

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