₦airaland Forum

Obiagelli:

mistudreh: This is real.... In 2006, when Ogbeni came to launch his campaign in the state of Osun, he distributed some books titled "my pact with the people of Osun". In it, he said: "I will provide jobs for 20,000 youths within my first 100days in office". I laughed when I read that and I said this man must be high on something. But to glory of God, he has been able to do that.
Am sure if things like this can be done in every state, it will go a long way in reducing the unemployment in our country. I pray that Nigerians vote wisely come 2015 and restore the glory of our dear Nigeria

I tell you these are simple straight forward policies, the best part is looking inwards instead of chasing FDIs all over the place. This is not some guess work (trial and error), this policies are currently working in many Apc states.

In addition to all these, with a population of over 200million people with almost half being veritable workforce youths, this can mark the beginning of massive industrial boom, as we will have a large pool of workforce, giving us a comparative advantage to produce more, match consumption and export in larger volumes. A reversal may be the case where FDIs will be chasing us. Remember that many blue-chips took their production plants to Asian countries - China, Taiwan, Singapore etc. to take advantage of the economics of scale and with lower production costs.......fast forward later these Asian countries have had their economies further boomed as these industries are there to stay and even "photocopies" of these companies were done. A friend opined that the Jinbey Bus (the Toyota Hi-Ace wannabe) is the byproduct of Toyota's "misadventure" into China.

Let us prove to street urchins, that they stand a better chance working in establishment that pays more, equip them with skills, expose them to little or no danger and give them better means of livelihood than "thugging" at motor parks, busstops, recruited for electoral malpractices, book haram, OPC & Massob miscreants etc

mikeansy:
what Nigeria need is strong institutions and not strong men (who in actual sense are very weak)

We will also benefit from having a lawyer as President.

TBH because I am hoping for GEJ till 2019, I hope Buhari runs and Fashola goes to Senate and then lead the opposition from Senate and then prepare for Presidential run in 2019[

If I was struggling to make sense of your analysis, the underlined lost me.......... I was wondering on what basis is the comparison or your desire to have GEJ till 2019, when the pattern of this thread establishes the gross level of ineptitude, corruption and weak institution that pervades our country at the moment, makes me question if you really want a better country or a continuation of wallowing in the abyss. "........shall we continue in sin and as that grace may abound"

Labaran Maku of the "we want to thank Mr. President for bringing Facebook to Nigeria..." fame

The greatest disservice a man can do to himself is to fool himself into delusion. If someone tells me about the ineptitude of the leader ofmy home, I believe a comparison between my house and others' the the wrong path to wisdom. The Fashola you're trying to bring into this has already written his name in the anals of governance and leadership, and much light years ahead of all your governors all combined.

You'd better tell yourselves the truth. According publications by renowned economist Dr. Teriba, the east is lagging behind on many economic fronts. You workforce generation have mostly left, industries are not evolving, you don't have the land mass neither the population. Good roads are catalyst to economic development, so when we see such pitiable state of roads, we should all be concerned

anonimi:
Should the target not be that of CONSUMPTION

Meaning what consumption just like a reflection of our Nigerian economy

conyema12:

grandstar: Its possible but unneessary.

Hollandwith its tiny land mass is the 2nd largest exporter of food in the world which shows that when you have a small land mass and high population, its only sensible to ramp up productivity.

If lagos does that , it can not only feed itself but also "export" to other parts of Nigeria and West Africa.

However, Lagos comparative advantage is not in agriculture. That should be left to the North or food producing states to grow food cheaply for Lagosians.

Lagos can now "export" what it produes cheaply to other parts of the country. Its a win win situation!

Bros pls dont compare Dutch where just 16m people flex 41543km2 land mass with Lagos where over 20m people are squeezed into a meagre 493km2 landmass little of which is under the constant influence of tides and waves in the.sea.

1. Superior argument Bros Onyema. We need to understand some underlining facts to rest our assumption on
2. I will be interested in reviewing the Isreali and Cuban Agric model...can you enlighten the house

hayorswaggz:
http://lindaiketa.com is still available lols

1. There is a Yoruba proverb that says when your yam is ripe, you hide it in your hand to eat it........Tot that Range Rover news was just silly, childish and unneeded publicity
2. If indeed she plagiarized, she has to pay for it. In the serious world, people are critical of their rights, works, and proprietries.... in the academic sector, it is one of the greatest sins and you can be removed for such.

I think she should sit down, take stock and repackage and start over........

Martiano:
I saw this coming after she posted that Range Rover

I cannot but agree with you any better. I watched the film and was utterly disappointed. I didn't get the kick/bang/whao! effect I expected and some flaws in the film confines it to a typical American low budget films...

20pounds: I have not seen this movie, but I must confess that this is one Nigerian movie that I look forward to seeing. Why? Cos I have seen the making and it is sooo good! I hope it doesn't disappoint me like Half of a yellow sun did.

Yes, Half of a yellow sun was an epic fail to me. The retinue of international cast that could not pronounce their character names properly - including my brother from Enugu state, Chiwetelu Ejiofor - was the starting point of my disconnect with the movie. Their facial expresions and portrayal of characters were unAfrican to say the least. Thandie Newton and Noni whatever were more American than African. To think Thandie is British and act like American churns at the stomach!

Why rush to parade international stars when we could have sourced for stars locally? Imagine a Denzel Washington or Samuel L Jackson playing Okonkwo in Achebe's Things fall apart. I had to draw this inference cos Adichie writes like Achebe by using Igbo language to think and translating it in english, on paper. You cannot divorce the rich Igbo culture from their writing.

The movie was not in conformity with the novel. I understand this happen sometimes when good books are made into movies, but I tend to ask if Adichie saw the movie before it's release? I ask this cos the character Okeoma, in my opinion, was created as a tribute to the fallen poet Chris Okigbo, who died in the war. Adichie gave him his dues by making him die at the war front like he did, but the movie had to make him die at Odenigbo and Olanna's wedding, thereby demeaning his sacrifice and making a coward out of him. The director need not show the scene of him dying at the war front. Someone could just have brought the news to Odenigbo and Olanna, like Dr Nwala did in the novel.


To me; Onyeka Onwenu(Odenigbo's mum) and the actor who played Harrison(Richard's houseboy) were the best. I reserve my comment till I have seen October 1. I do not want to predict the temper of the chick still in the hatch.

1. Please stop talking about what you know nothing about. Military is 90% for the elites? Rubbish

2. This OBJ'S son had been in the military since 1988. He was at NMS Zaria and NBA Kaunakakai. The only benefit of sort he exploited was when he went for his PHD.........

3. It seems when we can't match or achieve a feat, we say it's hijacked by the elite o the rich. Admission into NDA has always been on merit. Some of the children of serving top generals had their sons explelled.

UnknownT: ............ And you forget that recruitment into our military has always being 90% for the elite and then 10% merit.

Oga sir,

You better re-couch this in simple ABC English. The folks you're talking to are struggling with understanding simple logic

voltron: hmmmm. while we make valid arguments on the unbecoming social behavior and dumb reasoning of our people.. why not also see these symptoms as a deeper sign of malaise within the governing Eco-system that is now manifesting? are we trying to cure malaria while leaving mosquitoes to breed.

The basic rule is that you lay a sustainable foundation for your legacy to thrive for generations to come, that is how social and economic infrastructures in developed countries continue to cause wonder for Africans from less-developed regions. It is the key to living long in the land that you find yourself. ensure that your children's children are able to pay for the debts you owed due to your investment in their future. if this does not happen or the foundation for sustainability is weak. there will be curses .. worse; the same impoverished you have left behind will prey on the few elite who benefited from your intransigence. Eko o ni baje oooh

Haba....... why have you simply decided to turn logic on its head? which Central bank prints money to cover deficit? The huge US debt to China is also being serviced with printing of more Dollar? meanwhile countries including are moving from holding their reserves in dollars alone.

fairheven: But let us also be realistic,using US to measure is rather far-fetched;the very reason US has done that an still standing,is because Dollar is the world's legal tender,simple put.e.g,if a country is owing the US,that country wud need buy the dollar to pay,but if the US is owing any country,all they need is to print the dollar to pay,so in reality the USA is owing nobody.

1. I do know the antecedents of the IMF and the World bank. In addition to what we see in the media, I had done some work on these two back then in Bskul. I am also well aware of the Argentinian recession issues and the IMF roles. Let's look at the Argentine's case as reflective of all the cases on the claims that IMF have been unfair. First of the Argies had built their economies on weak foundation in late 80s to mid 90s. Secondly their response to ripple effect of recession from neighbouring economies were probably not robust enough, a spinoff of the first. Yes IMF did make mistakes, and admitted it as well. But for me, my mantra has always been that we are all responsible for our fate and less of the other party's acts. The IMF as setup to do, did intervene, with further injection of loans to Argentina, but with those loans definitely will come a price. Have we bothered to ask how the Argies (and many of the 3rd world countries) had managed leadership? Argentina's current President is the wife of the late former President, who had spent 2 terms and was touted to return back to the stables once the wife completes her tenure...... I believe the onus is on us to make sure we have the right, strong and fledging institution to stimulate economic growth. This will make us not vulnerable to the dictates of lenders. Yet lenders will always be around and for good. Ever wondered if a country can grow their economy and be one of the sources the IMF gets their funds? will these countries complain or smile

2. On BRICS, until Nigeria gets to a level of the basic criteria to be termed as the BRICS countries are, then we cannot simply compare. I took a Wikipedia extract [b[i]]"The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialized countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2014, the five BRICS countries represent almost 3 billion people which is 40% of the world population, with a combined nominal GDP of US$16.039 trillion (20% world GDP) and an estimated US$4 trillion in combined foreign reserves. As of 2014, the BRICS nations represented 18 percent of the world economy"[/i][/b].....and I'm still asking the question are we industrialized? Do we have a large and fast growing economy? Do we have significant influence on regional and global affairs, are we G-20 member?

fairheven: If u know the antecedents of IMF AN THE WORld BANK u won't say such,those two practicaly destroyed the economies of south East Asian countries,the "asian tigers",u forgotten?the current one ,Argentina is held by the jugular by the same Institutions.

BRICS is just a name given to those countries by an economic analyst ,Jim O'Neill of Goldman sach,so if Nigeria joins tomorrow,the acronym will simply change to accomondate the letter "N".an membership is just a matter of GDP and estimated growth,u don't need to bring"goat an kola nut" to do so,u can do ur research again.

in a book? you're still hiding it from many NLer folks.

Guk: Pages 43 & 44 should provide info about how Lagos State is dealing with the debts http://www.lagosstate.gov.ng/mepb/LAGOS_Y2014_Q2_Budget%20Appraisal.pdf

and if I am making assumption that the underlined is not a figment of your imagination, please can you educate us further with the details of the debt? What is the tenor of these debt? what is the interest rates? what's the signed pay back arrangement? etc

Do you guys think these were not subjected to scrutiny by risk analysts? Do you think mere taxes with half of the citizenry do not pay can match the rate of capital projects currently in place? to lace a rail line and roads from boarder Badagry to Marina is 10kobo?

kernel504: I guess you don't seen to know the amount of money in question.
Lagos state cannot pay that money in full within the space of 7 years even if she stops every recurrent and capital expenditure.
We are talking of billions of dollars not Naira, please multiply $1 billion against 170 places.
Lagos could only generate N263 billion last year.
Am Pro-Fashola, but am been objective here,ok?

My Brother,

First off the Journalist that reported this gave a one sided view. Has anybody bothered to draw a nexus between the increasing debt and the consequent increase in capital projects? Has anybody bother to review the increasing debt with the increasing revenue? I thought Lagos GDP prior to rebasing was even discovered to above the GDP of about 4 West African countries combined.

I am not bothered about the debt profile, because Lagos State is in an aggressive growth phase.

chemali: Nigeria's debt increased by 35% in one year and it's not raising eyebrows? Are we not still selling oil? What project was done in one year?
With regards to Lagos state, it will do you good to reflect on how the state's revenue profile has increased vis a vis it's debt profile.
You cannot apply the same logic to the Federal government that keeps reducing capital expenditure and increasing recurrent expenditure.

1. Ok. so that we do not argue on fallacy but rather on facts. I also want to be educated. Please do itemize all "no good" these two institution have never done any country. List all the alleged bad or damages they have done to countries.

2. Nigeria is nowhere near the BRICS, neither anywhere near joining, just an aspiration. To the best of my knowledge, it is even the Lagos State Government that had recently started that aspiration for BRINCS with the previous economic summit. There are formal procedures for joining or being part of BRICS and South Africa only made it in 2010. The recently rebased GDP, which I believe have not yielded consequent economic indicators to classify us either as a developing or industrialized economy, itself is not a justification. South Africa went through rigorous scrutiny to make it to the BRICS, mere rebasing your GDP is useless to the effort. The last I check all members of BRICS are members of G20, is Nigeria a member?

fairheven: IMF AN WORLDBANK agents of good,serously?Those two institutions have never done any country any good.
Nigeria joining the BRICS,Technically Nigeria is already there;South Africa is part of BRICS,an by GDP Nigeria has overtaking South.

abeg told am

Ishilove: Tah! I rented a room for you in Okoko and you are here forming big boy??

Okija, return my kerosene you borrowed!!

My conscience called me a fool? you never seems to amaze me.... some of you young lads needs to be taught lessons on candor and poise

1. You still don't get it do you? You just behaving/arguing like a juvenile.
2. I'm not as bothered with your decision to stay, if forever, in Four Points or any other top hotel for Christmas, it's your prerogative. The moment you come here to wine about the bills, makes me wonder if you struggled at it and if it was necessary.
3. Of course you didn't give me the impression that you're a big boy, you gave me the opposite. You'd better quit the unnecessary self aggrandizement. How you spend your money is up to you, but don't tell me what cannot add up.
4. You've been to Disneyland Paris? Really, I never knew till you're telling me now...... but I'd leave that chest beating side with school kids where Disney adventures are bragging rights.
5. "Try and have some fun before you die.." is one advice I'd gladly take from you. Thanks, but not at the expense of stating it on NL or complaining about some spendings that make little sense
6. Save yourself the needless hassle of proving to me that you actually stayed in these hotels. This is not the thrust of my retort. If you can afford it, all well and good, but if you can hardly or "crying" about bills after on... better still......

at least you gave your lovely madam a nice time......

Okijajuju1: [b]Again!! I didnt call you a fool, your conscience did.

That you cant fathom how a person would go stay in a hotel during christmas is actually what amuses me but I understand. Its the same way I cant understand how some folks would buy a room in a Hotel in Dubai that they are only allowed to use for a certain period in a year.

Nwokem, I no dey form big boy, Infact I no be big boy yet, but I no dey suffer. Go do something fun within the limits you can afford. My boss flew his family to Disneyland Paris for a week.. I have been to Disneyland Paris and can tell you that money no be play.

Try and have fun in your life before you die o!! The day wey you die, dem no go bury you with your cheque book of wallet..

If you want me to prove to you that I indeed stayed in Four Points by Sheraton and the Intercontenental.. Send me a PM and I will call up my account transaction history and send you a screenshot of the transaction as I paid for both with my Card. If people carry ashawos to these hotels everynight just to fhuck them, why cant i treat my wife to better.

I am not a penny-pincher.. I wasnt raised that way.[/b]

ihesiuloa: Let's leave infrastructure out of this! Basically Nigeria lack a good tourist developmental activities, if only Nigeria does have a good tourist developments, hotels here would leave up to the standards of what is experienced in other parts of the world! You need to visit Tanzania,Kenya etc and see how hotels are ran!! They even give you free WiFi service for a considerate fee, a hotel with all amenities for less than 5k/night with clean rooms not what we find here when rats jump about in your room, where bed sheets are not clean or regularly changed.. Mhen! I just can't understand why things are always the opposite here in Nigeria?

1.Your statement in bold sounds like "cold ice water tutu re"....... they give you free wifi for a considerable fee
2. I'm still wondering.... please do tell us the names of these hotels you visited in Lagos where rats jumped at you...... so of you are just "fabulating" stuffs

Onegai: Four Points by Sheraton and Eko Hotel's rooms are not as nice or even as big as this. It's ridiculous. And the cost of the food will make you wonder if you're eating sushi made from the nectar and ambrosia of some Greek gods, mixed with juice made from the fountain of youth. At least Protea Hotel in Ikeja has nicer rooms.
so dem don carry u go all these hotels wella?

Eddy2cute:
so dem don carry u go all these hotels wella?

You harsh o!!!!

My brother,

as harsh as your comments sound, I just must agree..especially the bold

ducii: poor people complaining of the cost of hotel in Lagos, when you no get money drink beer u go say beer bitter. A beg leave am. people that have money are paying for it and Hotels are flocking into the country on a daily basis.

Call me a fool for all you want, I'm not bothered. But if the stupid lines and reasons you've laid down here are what you hold on to, then keep at it. I know you probably feel cool because you want to form Big boy, but not at the expense of sounding crudely idiotic

I'm still baffled. I do know people who feel bored and I know what they do. Bros quit the lies. People that truly can don't spend money foolishly

Okijajuju1: [b]reason I spent another 10 days at the Intercontenental Hotel in Lagos in February of the following year..


I did it cos I could.

I did it cos I was Bored..

I did it because it was Christmas..

I did it because I have that kind of spare change in my account to spend.

I did it because it was the end of the year and after all that hussle, I decided to close the year in style..

Hells, I did it because I have not just physical cash, but a healthy cashflow.



So.. Please if my lounging makes you feel like a fool, then your conscience is who you should be after for making you feel like a fool, not me.

My 'Coats' are all my size.. But I didnt expect to recieve a bill of over 400'k.

Hommie.. People dont only stay in such hotels when they are on business or if they are politicians. Some do it just to pamper themselves abit. Life is hard, the hussle is exhausting so from time to time, take out some of that money and go do something that does not involve business.. And when you have stayed in these types of hotels long and often enough, you join their clubs which gives you great discounts to super hotels around the world. [/b]

Bros, you have just spoilt the fun. The trend of arguments here was not going the way of logical thinking until you brought it in......

julibos: Hmm, am an hotelier ,I believe I can identify a little with the high room rate .in as much as I’m in the business ,I’m not trying to totally justify the high rate, it could be a little lower but then check this analysis: I’m using a case study of an international brand of 220 bedded rooms
You have a 220 room facilties,2 restaurant,gym,pool,3 guest elevators,2 staff service elevators,2 generator,3 meeting rooms, 500 seat hall. A whole lot would definitely go into the making of this place and staying presence in business for a long time, think of the standard you intend to have and the clientele you want to attract. If it’s international then you would definitely need to pour in more.
Rooms: international standard
It’s definitely not cheap to furnish 220 rooms, given you want to reproduce an international theme in these rooms. Most of the furniture are imported, now I love my country and it would be nice to patronize and buy things here but experience has taught one to make sure if you want quality (what would last and serve for years ,max 5yrs)you need to spend. The mattresses are all imported, we have bought some from the mattress makers here in Nigeria but I tell you there is no basis for comparison, the ones imported lasted for 5 years straight up, but the ones we bought here (the highest quality grade) just to change the imported ones that are now sunken did not hold up for 6months before they collapsed. Same goes with the quality of rugs and other soft furnishings in the room and bed linens. So you can imagine the amount this will gulp
Food and beverage/kitchen operations:
So much goes into this , the equipment to be used ,cooking equipments/machines, the crockery sets were all brought in, our own Nigeria brand does not match, we don’t even have ours in Nigeria, most of the cooking Bain marine, boilers, mixers e.t.c are not made here in Nigeria. They are imported; even when you go to our Nigerian Lagos market or other states, what you find is china. Don’t forget these are industrial machines meant to serve for 5years
Laundry:
You want to set up a laundry that wash and dry-clean something of high capacity, this also requires some strong industrial machines, can you mention a company in Nigeria making such machines-None except the domestic which some of us have tried at home and they dint last. Don’t want to mention names…
Aesthetics /ambience, building.
A lot would definitely go into this, to make it standard. Most times the building contractors are world class builders…
Lift, generators, power;
The hotel needs power and that we certainly lack right now in Nigeria. For most part of the day the hotel is powered by gen, you have guest from the world where everything is fast, now you want such people in your hotel, you definitely would to do all you can to keep them, the hotel needs power, we don’t want them stuck in lift, they need internet, fast connectivity, wifi… sometimes Nepa current is low, cant power much, and very unreliable able and diesel is not cheap at all. Hmmm. see where the money goes.
Waste:
We are charge heavily to dispose our waste…lawma must make money
Staff and remunerations
We have expatriate with wealth of experience and exposure to run the place. Most of them have families back at home, so they sacrifice and come stay here .the indigenes of the country Nigeria form a larger percentage of staff 80%(250 staff).they all get paid salary, medical coverage, pension ,nhf…. All does not come cheap. Nigeria really has more to do to make prices drop. If we had more professionals in the business that would run the hotel properly and not employ all their families to run down the place, we may not need 20% expat to come and be paid 1.5mil each per month, and who says hotels don’t pay well. That’s not true. Maybe very small hotels, or Lebanese and Indian run hotels. There are some good ones that pay.
But personally if I want to do mine later in life, I may not necessarily choose 100% international theme setting. Having seen what obtains in the industry. I would mix it up and still have some classy style…….so price can be low, maybe before my dreams are actualized Nepa and other issues would have been stable, who knows…… once again this is not to justify the high rate.

1. Why does it sound to me that you're either stating what is not or trying to sound like who you're not.
2. Except you're patronizing or confusing Brothels with Hotels, your analysis is simply hogwash
3. Better still tell us the hotels you've been to that are "Yet in Nigeria where the hotels are dirty, NEPA taking light anyhow, tiny food portions which are sometimes tasteless, and hotel staff who steal your things; things are so fvcking expensive.
"

pDude:

Nigeria's economy and services baffles the hell out of me.

The services suck, the economy is comatose, everything is jaga jaga and most products are substandard. [b] Yet everything is so damn expensive. WHY?

A normal hotel in California with all the normal services is so cheap that ordinary people can afford to spend a night or two in them.

Yet in Nigeria where the hotels are dirty, NEPA taking light anyhow, tiny food portions which are sometimes tasteless, and hotel staff who steal your things; things are so fvcking expensive.

Biko, what type of economy is Nigeria operating in? That is the kind of economy that will sooner crumble upon itself.

The people are so poor, yet the services are so expensive. It baffles me

I'm just wondering why you will spend 10nights at Four Points, when you were not there on Business. Well may be for the other NLers you fool with this your badly scripted Nollywood piece, but peradventure if this case is true or you are imagining it, cut your coat according to your size

Okijajuju1: I agree..


Spent 10 nights in Four Points by Sheraton last Christmas... Nna MEN!!!! I nearly break-up with my wife that Christmas when I see the debit alert.

@Musicwriter,

I respect your opinion but totally disagree. You don't blame your inability or lack on the next person. Just like a case of 2 folks that started out at the same time, one went to school and the other did not. The former went on to own a supermarket and the latter came in and started complaining that his goods are way too expensive and that he's taking advantage on him because he has no where else to go.

My simple analogy above, may not be as simple in the reality but the sense of it subsist. First off, we need not drool on our current state but move progressively toward development. God willing with proper management, we also should strive to get into the realm of the BRICS, where our economy will be robust and we can also be part of syndicate that give out loans

I also think the world bank and IMF have been much more agent of good. If you look at the areas where these loans are targeted in Lagos state from the report for starters, Education, Water, Roads and Infrastructure etc, then it should tell us it is to the benefit of common man. But why are we bothered about World bank and IMF while right under our noses, the monies that can assist in all these areas are taking flight left, right and center... right under our nose the FG are yet to account for $20billion, which as Fashola stated, could have been used to increase our power generating capacity to over 10GW.

musicwriter: The world bank and IMF are agents of poverty. After the fall of colonialism it was created as a neo-colonial instrument to make nations to become loan dependent so they (world bank and IMF) could earn money by having nations service huge loans. Over the years they've mastered the art of luring nations to povery using what I call ''trojan'' loan. They're really not interested in any development in Lagos but is more interested that Lagos is capable of servicing it's loan. The IMF and world bank particularly love countries and states like Lagos with good financial prospects cause they're assured they will be capable of servicing their loans forever. Though Lagos have borrowed about $1 Billion but by the time it's all cleaned and dusted Lagos would have paid about $8 - $9 Billion servivng it's loan. This's how the west riff-off poor countries, and this's why we remain poor working for them.
It's a real ''monkey dey work baboon dey chop'' situation. Of course this's all possible with the collaboration of corrupt government officials.
For more details on world bank and IMF ripp-off strategy check out the below blog - August.

Africans open your eyes!.

olushowunm: Most people here are getting the news wrong. First, for Lagos, its an healthy loan, because Lagos currently have over N450billion ($2.8125billion) which is healthy. Do most people compare Lagos to Plateau, they are not the same pedestal as Lagos is thirsty for growth and also with huge revenue potential. Do you expect a place like plateau waiting for federal allocation and some meagre IGR from Nabisco and Grand Cereals to take $1b debt? Who will give them? Not in this world!

Most people here that you're seemingly attempting to educate are way beyond redemption. I can bet you less than 10% read the article itself. I can also hazard a guess that, less than 5% can interpret the financial state of a local government, talk less of a state. Most people hear the word loan and they just go on idiotic spree of faulty arguments.

But guess what? God has probably blessed NL with some rational minds like yourself that will not give up on this lost folks

ABAKA72: WORD!!! you just captured the essence of the whole thing.

hausadreturn:
your point?
Fine, i attended a street school but yet i can access d internet, & still comment on issues on nairaland. Even if i didnt scale through other things with flying colours, this alone is a plus.
>
u just didnt comprehend well enough. Go & make some researches on some academic competitions held in Nigeria...these schools are not always there as winners - that is what i meant - lobatan
WORD!!! you just captured the essence of the whole thing.

Slow down you both, before you lay an unverified assumptions as fact. Can we get the data on secondary schools performance in WAEC, JAMB, and inter-school competition over the past 10 yrs.

....and these numbers are how what percentage of the 7.185billion people on earth? is it up to o.1%? You don't twist number and stats to suit your purpose

dhaewood: THE AMOUNT YOU SPEND GOING TO SCHOOL WILL NOT DETERMINE YOUR SUCCESS IN LIFE READ THIS & LEARN



[b]Getting a college degree can cost hundreds of thousands of dollars, yet once you are out, there is no guarantee of success. A pretty risky investment.

Many business-minded people decided to take the less conventional route to fame and fortune — instead of going to (or finishing) college, they chose to start their own businesses.

Many of these people are now considered to be the Elite of the Elite and did so all without a piece of paper stating that they were approved to be in the American workforce.

Here is a list of the top 100 entrepreneurs that never received a college degree. Many of them you will know while others decided to remain slightly under the radar.

1. Abraham Lincoln, lawyer, U.S. president. Finished one year of formal schooling, self-taught himself trigonometry, and read Blackstone on his own to become a lawyer.

2. Amadeo Peter Giannini, multimillionaire founder of Bank of America. Dropped out of high school.

3. Andrew Carnegie, industrialist and philanthropist, and one of the first mega-billionaires in the US. Elementary school dropout.

4. Andrew Jackson, U.S. president, general, attorney, judge, congressman. Home-schooled. Became a practicing attorney by the age of 35 – without a formal education.

5. Andrew Perlman, co-founder of GreatPoint. Dropped out of Washington University to start Cignal Global Communications, an Internet communications company, when he was only 19.

6. Anne Beiler, multimillionaire co-founder of Auntie Anne’s Pretzels. Dropped out of high school.

7. Ansel Adams, world-famous photographer. Dropped out of high school.

8. Ashley Qualls, founder of Whateverlife.com, left high school at the age of 15 to devote herself to building her website business. She was more than a million dollars by 17.

9. Barbara Lynch, chef, owner of a group of restaurants, worth over $10 million, in Boston. Dropped out of high school.

10. Barry Diller, billionaire, Hollywood mogul, Internet maven, founder of Fox Broadcasting Company, chairman of IAC/InterActive Corp (owner of Ask.com),

11. Ben Kaufman, 21-year-old serial entrepreneur, founder of Kluster. Dropped out of college in his freshman year.

12. Benjamin Franklin, inventor, scientist, author, entrepreneur. Primarily home-schooled.

13. Billy Joe (Red) McCombs, billionaire, founder of Clear Channel media, real estate investor. Dropped out of law school to sell cars in 1950.

14. Bob Proctor, motivational speaker, bestselling author, and co-founder of Life Success Publishing. Attended two months of high school.

15. Bram Cohen, BitTorrent developer. Attended State University of New York at Buffalo for a year.

16. Carl Lindner, billionaire investor, founder of United Dairy Farmers. Dropped out of high school at the age of 14.

17. Charles Culpeper, owner and CEO of Coca Cola. Dropped out of high school.

18. Christopher Columbus, explorer, discoverer of new lands. Primarily home-schooled.

19. Coco Chanel, founder of fashion brand Chanel. A perfume bearing her name, Chanel No. 5 kept her name famous.

20. Colonel Harlan Sanders, founder of Kentucky Fried Chicken (KFC). Dropped out of elementary school, later earned law degree by correspondence.

21. Craig McCaw, billionaire founder of McCaw Cellular. Did not complete college.

22. Dave Thomas, billionaire founder of Wendy’s. Dropped out of high school at 15.

23. David Geffen, billionaire founder of Geffen Records and co-founder of DreamWorks. Dropped out of college after completing one year.

24. David Green, billionaire founder of Hobby Lobby. Started the Hobby Lobby chain with only $600. High school graduate.

25. David Karp, founder of Tumblr. Dropped out of school at 15, then homeschooled. Did not attend college.

26. David Neeleman, founder of JetBlue airlines. Dropped out of college after three years.

27. David Ogilvy, advertising executive and copywriter . Was expelled from Oxford University at the age of 20.

28. David Oreck, multimillionaire founder of The Oreck Corporation. Quit college to enlist in the Army Air Corps.

29. Debbi Fields, founder of Mrs. Fields Chocolate Chippery. Later renamed, franchised, then sold Mrs. Field’s Cookies.

30. DeWitt Wallace, founder and publisher of Reader’s Digest. Dropped out of college after one year. Went back, then dropped out again after the second year.

31. Dov Charney, founder of American Apparel. Started the company in high school, and never attended college.

32. Dustin Moskovitz, multi-millionaire co-founder of Facebook. Harvard dropout.

33. Frank Lloyd Wright, the most influential architect of the twentieth century. Never attended high school.

34. Frederick “Freddy” Laker, billionaire airline entrepreneur. High school dropout.

35. Frederick Henry Royce, auto designer, multimillionaire co-founder of Rolls-Royce. Dropped out of elementary school.

36. George Eastman, multimillionaire inventor, Kodak founder. Dropped out of high school.

37. George Naddaff, founder of UFood Grill and Boston Chicken. Did not attend college.

38. Gurbaksh Chahal, multimillionaire founder of BlueLithium and Click Again. Dropped out at 16, when he founded Click Again.

39. H. Wayne Huizenga, founder of WMX garbage company, helped build Blockbuster video chain. Joined the Army out of high school, and later went to college only to drop out during his first year.

40. Henry Ford, billionaire founder of Ford Motor Company. Did not attend college.

41. Henry J. Kaiser, multimillionaire & founder of Kaiser Aluminum. Dropped out of high school.

42. Hyman Golden, co-founder of Snapple. Dropped out of high school.

43. Ingvar Kamprad, founder of IKEA, one of the richest people in the world, dyslexic.

44. Isaac Merrit Singer, sewing machine inventor, founder of Singer. Elementary school dropout.

45. Jack Crawford Taylor, founder of Enterprise Rent-a-Car. Dropped out of college to become a WWII fighter pilot in the Navy.

46. Jake Nickell, co-founder and CEO of Threadless.com. Did not graduate from college.

47. James Cameron, Oscar-winning director, screenwriter, and producer. Dropped out of college.

48. Jay Van Andel, billionaire co-founder of Amway. Never attended college.

49. Jeffrey Kalmikoff, co-founder and chief creative officer of Threadless.com. Did not graduate from college.

50. Jerry Yang, co-founder of Yahoo! Dropped out of PhD program.

51. Jimmy Dean, multimillionaire founder of Jimmy Dean Foods. Dropped out of high school at 16.

52. John D. Rockefeller Sr., billionaire founder of Standard Oil. Dropped out of high school just two months before graduating, though later took some courses at a local business school.

53. John Mackey, founder of Whole Foods. Enrolled and dropped out college six times.

54. John Paul DeJoria, billionaire co-founder of John Paul Mitchell Systems, founder of Patron Spirits tequilla. Joined the Navy after high school.

55. Joyce C. Hall, founder of Hallmark. Started selling greeting cards at the age of 18. Did not attend college.

56. Kemmons Wilson, multimillionaire, founder of Holiday Inn. High school dropout.

57. Kenneth Hendricks, billionaire founder of ABC Supply. High school dropout.

58. Kenny Johnson, founder of Dial-A-Waiter restaurant delivery. College dropout.

59. Kevin Rose, founder of Digg.com. Dropped out of college during his second year.

60. Kirk Kerkorian, billionaire investor, owner of Mandalay Bay and Mirage Resorts, and MGM movie studio. Dropped out eighth-grade.

61. Larry Ellison, billionaire co-founder of Oracle software company. Dropped out of two different colleges.

62. Leandro Rizzuto, billionaire founder of Conair. Dropped out of college. Started Conair with $100 and hot-air hair roller invention.

63. Leslie Wexner, billionaire founder of a Limited Brands. Dropped out of law school. Started the Limited with $5,000.

64. Marc Rich, commodities investor, billionaire. Founder of Marc Rich & Co. Did not finish college.

65. Marcus Loew, multimillionaire founder of Loews theaters, co-founder of MGM movie studio. Elementary school dropout.

66. Mark Ecko, founder of Mark Ecko Enterprises. Dropped out of college.

67. Mary Kay Ash, founder of Mary Kay Inc. Did not attend college.

68. Michael Dell, billionaire founder of Dell Computers, which started out of his college dorm room. Dropped out of college.

69. Michael Rubin, founder of Global Sports. Dropped out of college in his first year.

70. Micky Jagtiani, billionaire retailer, Landmark International. Dropped out of accounting school.

71. Milton Hershey, founder of Hershey’s Milk Chocolate. 4th grade education.

72. Pete Cashmore, founder of Mashable.com at the age of 19.

73. Philip Green, Topshop billionaire retail mogul. Dropped out of high school.

74. Rachael Ray, Food Network cooking show star, food industry entrepreneur, with no formal culinary arts training. Never attended college.

75. Ray Kroc, founder of McDonald’s. Dropped out of high school.

76. Richard Branson, billionaire founder of Virgin Records, Virgin Atlantic Airways, Virgin Mobile, and more. Dropped out of high school at 16.

77. Richard DeVos, co-founder of Amway. Served in the Army and did not attend college.

78. Richard Schulze, Best Buy founder. Did not attend college.

79. Rob Kalin, founder of Etsy. Flunked out of high school, enrolled in art school for a time, faked a student ID at MIT so he could take classes. His professors subsequently helped him get into NYU, they were so impressed.

80. Ron Popeil, multimillionaire founder of Ronco, inventor, producer, infomercial star. Did not finish college.

81. Rush Limbaugh, multi-millionaire media mogul, radio talk show host. Dropped out of college.

82. Russell Simmons, co-founder of Def Jam records, founder of Russell Simmons Music Group, Phat Farm fashions, bestselling author. Did not finish college.

83. S. Daniel Abraham, founder of Slim-Fast, billionaire. Did not attend college.

84. Sean John Combs, entertainer, producer, fashion designer, and entrepreneur. Never finished college.

85. Shawn Fanning, developer of Napster. Dropped out of college at the age of 19.

86. Simon Cowell, TV producer, music judge, American Idol, The X Factor, and Britain’s Got Talent. High school dropout.

87. Steve Madden, shoe designer. Dropped out of college.

88. Steve Wozniak, co-founder of Apple, billionaire. Did not complete college.

89. Ted Murphy, founder of social media company Izea Entertainment. Dropped out of college.

90. Theodore Waitt, billionaire founder of Gateway Computers. Dropped out of college to start Gateway – one semester before graduating.

91. Thomas Edison, inventor of the lightbulb, phonograph, and more. Primarily home-schooled, then joined the railroad when he was only 12.

92. Tom Anderson, co-founder and “friend” of MySpace. Dropped out of high school.

93. Ty Warner, billionaire developer of Beanie Babies, real estate investor, and hotel owner. Dropped out of college.

94. Vidal Sassoon, founder of Vidal Sassoon, multimillionaire. Dropped out of high school.

95. W. Clement Stone, multimillionaire insurance man, author, founder of Success magazine. Dropped out of elementary school. Later attended high school, graduating. Attended but did not finish college.

96. W.T. Grant, founder of W.T. Grant department stores, multimillionaire. Dropped out of high school.

97. Wally “Famous” Amos, multimillionaire entrepreneur, author, talent agent, founder of Famous Amos cookies. Left high school at 17 to join the Air Force.

98. Walt Disney, founder of the Walt Disney Company. Dropped out of high school at 16.

99. Wolfgang Puck, chef, owner of 16 restaurants and 80 bistros. Quit school at the age of 14.

100. Y.C. Wang, billionaire founder of Formosa Plastics. Did not attend high school.

Paul Hudson [/b]

stagger:

faithugo64:
Most of the students there dnt study despite the huge amount they pay,they sometimes cant stand students from a community secondary school,its not about d money,the question is,at the end,which do you graduate with;a certificate or a sabificate

Seconded!

My brothers,

1. these are one of the false assumptions many people take........
2. Definitely we can't rule out some exceptions.
3 It is probably not about competition with children from community secondary schools (Irony is that my daughter's school do assist the community secondary school in their locality as part of their CSR). It is more about the parent's perceptions and values
4. At the end of the day it's about achieving your goals

My brother,

The other truth is that they probably were exposed to better tools that enhanced their competences more than the former as well. Someone who had worked in Citibank New York, GM Motors, Ikea, Microsoft, Apple Inc and Microsoft US, McDonalds, will most practically red-carpet-walk into top management levels of Nigerian companies............

The chances of a Unilag/UNN/OAU/UI etc grad with first degree along getting a looking by any of these companies is from remote to zero. Yet these companies go to Ivy league schools to look for talents. The other worse part of it is that Nigerian companies have joined the fray by going abroad to conduct career and recruitment fairs and road shows...........

abbakacici: yes, but the sad true is that they will get the jobs, contract before you most of the time, and this is not only happening in Nigeria but all over the world where by Connection is more value than competence