deomelllo:




1.. The fact that transmission system collapsed doesn't alter the fact that our power situation is getting better.

2. We are still saddled with the same grid from since independence and 16 years of PDP, largest oil earnings in the history and the $20 billion power funds they looted did not fix the grid.

3. We are today generating more power than the grid can handle so what is the government doing, they are rebuilding the grid and the World Bank just gave us the funds.



You Igbos can cry and be negative with you anti-Nigerian sentiments, but we are on the right track and we are cleaning all the mess and incompetence previous administrations left behind.

1. Did you say getting better? Lmao, you actually believe your own hype... That's TCN's website, electricity has remained at 4,000 MW range http://www.tcnorg.com/

2. You can blame PDP all you want, it's the likes of Amaechi and the rest that are still in APC. What has Buhari done since he became president? Didn't he promise 24hrs electricity? Besides, what do you expect when a lawyer is heading Ministry of Power? Lmao... Continue deceiving yourself.

3. They're rebuilding it yet the funds were approved way before the the Press Release in January 2017 yet, Transmission hasn't improved, heck it even collapsed a month ago and hasn't even received any major upgrades to handle at least 5,000 MW... Continue deceiving yourself.

waveman2:

Euro bond sales, stock market,nigerians abroad remitting money,crude oil sales which does not in any translate to real time investment to create jobs and affect the ordinary man. That is why u can, t feel it. This investment are from portfolio investors.

Faruki:


That's monies going into the capital market and money market. Like buying equities in the Nigerian stock exchange or buy treasury bill or bonds.

Inasmuch as I know what portfolio investments are, but thank you for the education. So, it's either you misunderstand my question OR perhaps, I wasn't very clear. What I'm trying to say is simple: NBS should simply "breakdown" what Portfolio "Investments" they're referring to. When they say $12 billion, that's almost half the size of Nigeria's budget, so it begs the question to know in which Investments they're talking about.

deomelllo:








We are back in serious business and investors confidence in Nigeria is soaring through the roof.


And with the power situation getting better, the sky is the limit

Did you say power situation getting better, wasn't it last month that the Transmission System collapsed? Continue believing your own deceit. Investors confidence is high yet there's high level unemployment and poverty in the land.. Okay continue.

NBS should have told us specifically what "Portfolio Investments" they're referring to.

Abogwara:


There are worse roads in Chicago, Cleveland, Washington DC, New Orleans and several other cities. No place is perfect. In Nigeria it is used in playing politics.

Did you read my post well? I said there are potholes in NY, BUT not as big as this. Did you say DC? I lived in the DC Metro area for several years, where in DC have you seen worse roads like this? As rugged as SE DC is, their roads don't have no portholes let alone as big as this.. Say the truth and put the devil to shame...

There are potholes in NY but certainly not as big as this... I was really eager to see the license plates but no I didn't.

I think this is a blessing in disguise for other states or upcoming cities in the south. Increase in rent would certainly make businesses and people relocate to nearby or other affordable cities.

MamaOO:

If your point was trying to correct the $180K which btw is 20% thereabout you could have pointed that out or asked me to explain, instead of telling me I’m posting rubbish. Anyways, we agree to disagree. Have a great afternoon.

Sorry o if I called your post rubbish...

maestro2000:



Ahahaha, my oga, no mind my bad belle jare. It's just that the truth is bitter. Why did you think most celeb in the US always go bankrupt and claim chapter 7. Why did you think mark,buffet, Bill and Co live in a modest house and drive modest cars? .it's just that we celebrate impunity in Nigeria. I am pretty sure of the IRS audit next year, because he lived in the US for more than 6 months last year.

You do understand why celebs including the current U.S. President are very quick to declare Chapter 7 Bankruptcy? It's very simple, rack up as much debt as you can, file bankruptcy to protect your asset and file reorganization in which process, some or most of your "unsecured" debt is negotiated or wiped out completely, and start a new life. Think I lie, ask President Trump, this is the easiest and perhaps may be seen as the most effective way to get out of huge debt not necessarily because you're broke. But why do you think he will get audited tho? I'm just curious... What if he's not on IRS radar; will you snitch on him?

MamaOO:

Is that all you’ve got? Lmfao. Of course I live in CA. Central Valley to be precise. I don’t need to prove to you if I do or not.

Yes, FHA requires a down payment of 3.5%. But they do have a ceiling. I mean, the max they can loan you. Any other purchase above that, you have to come up with the difference.

Conventional does accept 0% down payment. But that’s with excellent credit. 800+. You’re telling me he has that? And let’s assume he has the stellar credit. He also has to have a steady verifiable job that provides you with income that is sufficient enough to pay your mortgage every month. Google Loan to Value calculations. Nope. I am not confusing it with PMI. PMI cancels after you’ve made payments that’s puts you at 20% of the total loan value. For FHA, it’s for the life of that loan.

Let’s say he did FHA. And he got the most FHA will finance for LA county which is 680K, he has to come up with $320K out of pocket. If he did conventional, which we both agree is very hard to qualify for and he put down 5% that puts him at $50000.

But one thing I am very sure of is: LA housing is very hot. Houses sell within hours and you must Times have 5-6 people fighting for the same house. He house goes to people with the highest down payment. And some people have 50% to put down oo. We just bought a house last year, and no. It’s not in LA. We def cannot afford it.

So you and I do agree that conventional loan does accept up to 0% with excellent credit? Anyway, I just wanted you to see your own argument, whether LA is hot or not is not relative to the argument; I wanted you to see that your $180K calculation was somewhat faulty considering that no loan requirement, at least by law, requires a mandatory up to 20% down payment upfront. If we used the minimum of 5%, that's 50k not 180k, which we agree is absolute. Now determining that LA is hot will add to the down payment is only a relative consideration which means, it could be 50k minimum (by law and absolute) or $500,000 (relative consideration). This is my point. Nothing more.

Oh one more thing, for FHA loans you can cancel it with a refinance option simply because you already have up to 22% equity on the property. Don't worry about me looking up LTV's, as a small REIT person, I've done just about every mortgage calculation there is.

BlaqCoffee109:
Nigerians non
resident in the US usually don't do mortgage

Whether he has mortgage loan or not is not my business; I'm only responding to the lady who was quick to state that the down payment for such house will be around $180k, and in the same vein, turns around to say that conventional loan does require at least 5% down. If that's the math, a $1 Million house would require a $50k down payment and not the $180k she wrongly alluded to all to discredit him.

MamaOO:

You do realize the down payment for such house will be around $180,000 right?

MamaOO:

Uncle. STFU. I live in CA. I know what’s up. If that house is indeed in LA, it will be valued nothing less than $1M. To get a mortgage, you need between 5-20% downpayment depending on your credit and income. Please do the math.

Lmao... You live in CA? I was expecting you'd quickly claim you live in CA, and I was right. I am not gonna insult you, but I really want to test your knowledge on Mortgage practices. Is mortgage lending pursuant to federal or state law? About 70% of all U.S. mortgage loans are FHA and are largely underwritten by Fannie Mae or Freddie Mac, while the others are pretty much Conventional. FHA requires a minimum down payment of 3.5% with a minimum of 640 credit score and conventional, and up to 0% down if excellent credit. Of cos, conventional loans are pretty much difficult for the average man to qualify for since you need scores of up to 750 or more. So I ask again, under what loan is a a 20% down payment required? Or are you confusing it with PMI requirement?

MamaOO:

You do realize the down payment for such house will be around $180,000 right?

And how did you arrive at such outrageous figure?

Yall just post rubbish just because you think you can... How in Pete's name did you figure a down payment as high as that

Icon79:
Boshit! First of all, the position "UN Ambassador" is a non-paying position. It's a ceremonial job, the best you can get is all expenses paid travels and hotel rooms. Secondly, even if he has a paying job with the UN, I can tell you that he wouldn't be making more than $150k/year. My friend used to work for the UN and he was making only $120k/yr. The UN job is not like naija politicians where they steal you blind.

Again, I repeat my question, how did he make this money? For starters , is it even his house or is he just showing off? And if it's really his house, did he purchase it mortgage free? There are so many questions and loopholes to this story.


O pari

Bros, going by your logic, the U.S. President is the highest earner in the entire U.S. Govt with a salary of $400k annually: how and why is it that all our Presidents, Senators, Representatives, Secretaries, Judges, etc are very wealthy?

Until you're able to answer the question, yet if you need help let me know... In the meantime, please don't judge simply because you think you have the capacity to do so.

maestro2000:


The guy you quoted is right, just because he said my new crib doesn't mean it's not mortgaged. Mortgaged is the most advised option for procuring houses in U.S.. Then, he can use the payment plan to build his credit and have a little tax slammed against him come next year. And if it's true he bought it outrightly, I wish him luck and looking forward to IRS's visit next year. OUTRIGHT PAYMENT FOR L.A.? HMMM UNA GO SOON HEAR THE TRUE TORY

Why are you so convinced and looking forward to an IRS visit next year? Everyone is not broke you know, there are many wealthy individuals that purchase their homes CASH... It's seldom not but uncommon so please calm down for Jesus.

dlondonbadboy:


Are they not better than Buhari??

How is Okorocha better than Buhari?

kevoh:


Visibility can also be obscured during the day. I can not count the amount of times aircrafts have been prevented from landing or take off due to low visibility cause by haze during the day. Day or Nights, you will still need the instruments.



This is not true. I do not know why people like saying negative things about Nigeria unnecessarily. While Nigeria can not be taken as a role model for things that work 100% in a country, the things highlighted in bold fonts are not true.

During power outages, there's enough backup power to keep these runway instruments on till power is restored. And power outages are not usually more than 4 to 5 minutes tops. Mind you these runway instruments are on 24/7 and there's priority for instruments at the runway than for you at the departure/arrival wing.

Saying there's no radio contact with the tower during a power outage is laughable. No pilot will bother landing if there's no clearance from the Air Trafffic controller and in worse case scenario will fly to the nearest airport if he can not establish communication.

One simple question, you mentioned no radio contact during a power outage , how is it better during the day? Are you saying that the pilot will land because he can see the runway during the day when other factors like Windshear, tailwind, aircraft already using the runway e.t.c have not been communicated to him by the Air Traffic controllers?

As much as you communicated some facts, some of the things you said are incorrect.

Saying there's no radio contact with the tower during a power outage is laughable. No pilot will bother landing if there's no clearance from the Air Trafffic controller and in worse case scenario will fly to the nearest airport if he can not establish communication.

Yes, you are correct that ATC is largely dependent on electronics and frequency rather than electricity; however, saying that a pilot will not bother landing if there's no ATC clearance is almost false. There are situations, though rare where a pilot can land without ATC clearance. It all depends on certain factors, VFR or IFR, Airspace class, Airport Class, etc.

For instance, though uncommon, ATC have been known not to issue clearance to land because they simply forgot. In cases of emergency, weather, and other factors such as loss of comm, if you have enough visual, and there's no inherent danger or risk to safety, these are acceptable reasons to land without a clearance.

Landing without clearance is not a "legal/law issue that is set in stone, it's just a safety measure to properly space airliners. As for communication, there are landing light codes that signifies a failed communication radio, but we're not here to discuss that, therefore, a pilot will not fly to the nearest airport just because he/she has no communication with ATC.

It cost hundreds of $$$ to go around (fuel) and thousands depending on airliner size, not to talk of landing at another airport, which includes (weight and fuel), not to talk of runway restriction requirement, etc. A pilot in a more permissible environment would land at another airport in cases of national emergency, lost situational awareness of the pilot/airliner emergency or the airport is closed/no active runways.

One simple question, you mentioned no radio contact during a power outage , how is it better during the day? Are you saying that the pilot will land because he can see the runway during the day when other factors like Windshear, tailwind, aircraft already using the runway e.t.c have not been communicated to him by the Air Traffic controllers?

Flight operation is about visual & common sense first before instruments. As much as modern airliners today have some form of redundancy in their instruments, there's always that IF of failure. No ATC can better report/communicate any form of information better than the pilots experiencing it themselves. Only a pilot knows if he/she can stabilize and flare the aircraft in a wind-sheer, regardless of whether ATC tells him otherwise.

Common sense and visual will always truncate instruments on the panel. Pilots who relied on instruments more than their visual ended up killing people. I have at least two aircraft accidents to discuss with you to show you that wrong ATC information and instruments can and will FAIL you if you rely on it more than your judgment.

Pilots who fly in the day often rely on visual parameters regardless, if all things equal and normal operating standard, while pilots who fly at night, have limited/impaired vision and would often rely on instruments. Needless to say, factors such as wind-sheer or aircraft using the runway is irrelevant to whether day or night, but it can be well managed during clear visibility - (Tenerife) comes to mind reminding us that instruments can and will fail.

MODALSOUL1:
I don't give a fvck about primitive culture. I'm talking about building an organized society.Everyone will live in and enjoy the city .

And you think cities are not in states? Or you think mega cities are in one state only? Don't be an idiot. Washington DC, is literally the smallest yet one of the most powerful city in the world. It measures about 130 sq miles and has the highest population dense area in the U.S. and I mean as small as it is. The City of New York measures by land, almost 303 square miles about 2.5x the size of DC), yet the most populous city in the U.S. Meanwhile, according to your proposal, Lagos measures almost 4x the size of NY city NOT NY Metro area, yet doesn't boast of 1/5th of its economic activity.

I used Lagos as example, being the most prosperous state in Nigeria, yet the smallest, to relate/compare the two top cities in the U.S. that controls U.S. Govt and International policies, and financial power respectively, and to state to you that the size of a city is completely useless to your supposed proposal i.e. in reference to economic output and good living. If you think you're gonna combine all states to become one MEGA city whereas the output or should I say, the infrastructures of our so-called cities is nil, you're just as clueless as I thought. D

Beremx:
Obi, longest time! I did not retire my dear. Nairaland no be where pesin dey retire. You must surely come back just like you too.

Yes o... Longest time... I took a long hiatus, at least two years, but I chip in from time to time. NL isn't fun anymore like it used to. All the intelligent guys - supporters and opponents - alike are gone. Anyway sha, good to see that you're still on here... I know we will never agree on these two topics: Buhari and Okorocha but it is well sha.

Good question: where are these guys? Where's Onlytruth... The good ole days of NL

Beremx, are you still alive on NL... Na wa o, I thought you'd retired from here.

MODALSOUL1:
You can create your own thread and discuss your ideas there.

Don't you consider it pointless that you're asking questions and answering it all by yourself? That's a sign of being kuku.. As you can see, it's pointless for me to create a thread seeking suggestions or asking questions and answering the damn thing myself.

Talk to me when you want to have a real conversation, right now, you're still very high on that thing you're smoking

MODALSOUL1:
In this vision there's no such thing as south east. Forget about your tribe ,it's of no use. All areas outside of the designated city area will be demolished and used for agriculture . either live in the city or go somewhere else .This is the better method .

Lmao... You're a complete joke. Why did I waste my time responding to you

MODALSOUL1:
What is everything to you?

Hard work and continuous/collective effort to develop the SE region. A lot of people tend to think that oil is everything, and it's not. If I have my way, I'd aggressively invest in Biogas, a green alternative to oil and gas that's aggressively gaining ground in advanced countries. It's only a matter of time before the golden child called oil is relegated to the background.

Omololu2121:
yeebos are so greedy,why should it have to be abia,rivers, cross river and akwa ibom.

@op I think Enugu,anmbra,imo, ebonyi and abia will be better.

I am Igbo and I like your idea better. Oil is NOT everything. Seaport isn't everything either.

Ugosample:


China's debt profile is anything but low.

They are running into serious debts too, building ghost towns and all, but their debt condition still better pass U.S. own sha

When I mean low debt profile, it is in comparison the the U.S., U.S. debt-per capita is almost 30x higher than the Chinese, and even if you adjust the population to U.S. size, it's more than favorable. Therefore, it's a well balanced debt and very low in comparison to the U.S. or even other economically advanced nations. Hope you get my drift.

Zionista:


You still don't get it. This is not perpetrated by passengers who are already seated but by criminal elements who cross the perimeter fence of the airport and lurk around the runways

No offence bro, but it's either you've not been around an airport or an airplane or simply, the Nigerian system is crass crazy. How can someone sneak through a secured fence, and cross the taxiways/runways to get to an aircraft or as crazy as it sounds, a taxiing aircraft? Like what are you talking about? Do you know the taxi speed of an aircraft and do you know how fast a human can run? Do the math. Maintenance vehicles proceed with caution (and with clearance) when approaching an "ACTIVE" runway, let alone for someone to lurk around it. Please tell that to someone who isn't familiar with aviation. If there's a security breach, if any, airport security needs to investigate thoroughly.

This was my previous response that need answers

Commonplace for an aircraft to be burgled when taxing? Is it taxing on the ramp, taxiway or runway? After they're done, what's the idea? They jump off the plane or seat back tight upon arrival onto their destination. Jumping off isn't an option because of the speed of the aircraft and the height they'd jump from... So I'm a bit lost on how a thief would successfully steal from a taxing aircraft.

Nasir123:


If you say this about Lagos, what are u going to say about America with the highest dept in the world?

Always try to view things with a clear conscience,for that's the only way we can be reasonable.

Yet China, their major lender maintain a low debt profile and boast of better economic infrastructures than the current U.S., you think debt is everything. Don't be deceived, debt is good if reasons for borrowing will result o positive results, but too much debt saddled on any business or govt will eventually have negative consequences.

Doerstech:
Would have being surprise if Lagos didn't top the chat.....

In business your debt determines your true worth and influence

Where did you get this from? Which school of thought taught you this?

I bet Apple, Microsoft, Amazon when combined together, are worth trillions probably own gazillions in debt abi? Continue deceiving yourself.

Zionista:


It's becoming common place in MMA for aircrafts to be burgled while taxiing . It smacks of an inside job. Those burglars are most likely to be in cahoots with the cargo handlers. Nigeria is such a fantastically corrupt entity.
If a young boy could stowaway all the way from Benin to Lagos in the tyre compartment, then you'll know how porous our airports are.

Commonplace for an aircraft to be burgled when taxing? Is it taxing on the ramp, taxiway or runway? After they're done, what's the idea? They jump off the plane or seat back tight upon arrival onto their destination. Jumping off isn't an option because of the speed of the aircraft and the height they'd jump from... So I'm a bit lost on how a thief would successfully steal from an aircraft.

aewhydot:


Pilot-in-Command, Capt. Adesola Arasi had to contact control tower when he was alerted by the light that came on in the cockpit suggesting that the cargo hold was opened for about 15 seconds and immediately shut.

You probably don't understand his question. How is the pilot so sure the cargo door was actually caused by a thief or thieves, and not a malfunction.