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MAYOWAAK's Posts

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Politics › Re: See Why Dele Momodu Blocked Me From His Twitter Handle [photo Illustration] by MAYOWAAK: 8:55pm On Jan 10, 2015
At the height of Nigeria's economic fortune in the 70s and early 80s, only about 5% of the population were able or placed to afford a new Peugeot 404, 504 or 505........by my estimate, and i think that's generous.

The top salaries of the day was about N150 a month which was paid to the bankers and top civil servant officials.

How a Ph.D holder could reverse calculate the opportunity cost of stealing a car, or justify the perfidy of knavery, into today's mindless and unconscionable looting he's presiding over, is a mystery we will require the 'Awon Iya Oshorongas' to unravel.

We need an 'Ogboju Ode' to navigate the undergrowth of tangled and warped personal and national state-building philosophies making the rounds in Naija.

Anyways, for the avoidance of doubt, the No 1 citizen has just confirmed that Jim Nwobodo is a common criminal and a felon. I expect the the statutory window of legal prosecution isn't closed yet.

Will he get in the EFCC or some claptrap prosecuting body feasting on our commonwealth in the name of budget?

Yanpoyanrin. T'a la se?
Politics › See What Femi Fani Kayode Wrote About GEJ In 2012! by MAYOWAAK(op): 10:51pm On Jan 09, 2015
As president, Chief Olusegun Obasanjo spent 300 billion per year on the fuel subsidy. Under the administration of President Goodluck Jonathan, it shot up to N1.3 trillion in the last one year alone. Can someone please explain to me how it got so high in four years and what exactly they were subsidising with the extra one trillion naira?

When the Obasanjo administration quit in 2007, the country was no longer in debt and the $30 billion foreign debt that Obasanjo met, when he came to power in 1999, was fully paid off. Today, under Jonathan’s administration, the country is back in debt to the tune of $41 billion (both foreign and domestic) and we are still borrowing. Can someone please tell me what the loans were used for and whether we will ever be able to pay them off? When the Obasanjo administration left, our foreign reserves were $80 billion, though when he came into office in 1999, we only had $1.5 billion.

Today, our foreign reserves have dropped from $80 billion in 2007 to $33 billion. Can someone please tell me where all the money went? When Obasanjo left power in 2007, $23 billion was left in the Excess Crude Account, after he built it up from nothing in 1999. Today, we do not have one dollar left in that account because the money has been squandered and the account scrapped. Can someone explain to me who spent that money and precisely what it was spent on? When Obasanjo was in power, fuel subsidy was not removed because it would have caused too much pain to the Nigerian people and because there was no safety net in place to reduce that pain. President Jonathan, however, does not have such inhibitions. Just seven days after we suffered the horrendous trauma of the Christmas day bombings and probably as a New Year’s Greek gift to the Nigerian people, our President finally removed the oil subsidy. He did this knowing full well that it will lead to untold suffering and terrible hardship for the next few years for the Nigerian people, most of whom still live below the poverty line. Can someone please tell me why Jonathan wants Nigerians to cry?

Yesterday, he not only said that he would “crush Boko Haram”, but also declared a state of emergency in a few local government areas in some northern states. Can someone please tell me why our President could not do this six months ago when some of us first advocated it and thereby save many lives? Why did it take him so long to find the guts to confront Boko Haram and to lead the fight against the organisation with ruthless zeal, strenght, courage and total faith in God? Why has he done so little when it comes to this matter and why has he done it so late? Does he not know that a king is meant to lead his people into battle and if necessary die for them? He has been unable to handle and contain Boko Haram and now he has removed the fuel subsidy, which is something that is expressly against the wishes and interest of the overwhelming majority of the Nigerian people.

Can someone please tell me precisely what has happened to our President and what has got into his head? What on earth makes him tick? He appears to have become enslaved to the dictates of the World Bank, the IMF and the Bretton Woods institutions. At the expense of the Nigerian people, he has become the darling of the leaders of the western world, who seek to impoverish Nigeria through the auspices of a fully globalised new world order and who seek to bring our people to their knees. We have lost our enviable position of leadership in Africa, we have lost our voice on the world stage and we are the butt of cruel jokes and dire prophecies of imminent disintegration all over the world. Worse still, our government is weak. It not only lacks direction, it is also insensitive and callous. The only thing that it appears to be good at is attempting to silence, intimidate and crush all legitimate voices of opposition in the land. This new policy of murderous and brutal repression was eloquently reflected by the cold-blooded murder of a young man in Ilorin by the name of Mr. Muyideen Mustapha whilst he was exercisng his God-given, constitutional and democratic right to demonstrate and protest against the removal of the fuel subsidy.

This young man had nothing left to give the world or fight with except for his dissenting voice. Yet, the government took even that away from him and silenced him forever. Little did they know that by doing so, they have turned this brave young soul into a modern-day martyr and his slaying is now the rallying point and battle cry of the entire opposition movement. What no one told the supporters of Jonathan was that when innocent blood is spilt for a worthy and noble cause, it changes everything; altering the tempo and temperature of the struggle, moving the finger of God and stirring the Hosts of Heaven. God forbid that this young man should die in vain and his noble cause, for which he gave his precious life, is one that those of us that he left behind will continue to pursue and fight to the bitter end. I assure you that unlike numerous other state-sponsored killings and atrocities in the atrocious history of our nation, the consequences of this particular one shall reverberate throughout the world and may well act as a catalyst for the beginning of our own peculiar version of the Arab spring.

Whichever way it goes, I have absolutely no doubt that the removal of the fuel subsidy on New Year’s day is the final straw: Jonathan, the King Rehoboam of our time, has hardened his heart unto destruction, just like Pharaoh once did. And he has fallen into the trap that has been set for him by God and by his enemies. May the Lord save Nigeria from this inexplicable and unpleasant mess and may the Nigerian people themselves wake up from their slumber to take their destiny into their own hands. The smell of sectarian violence, regional and ethnic conflict, insecurity, untold suffering, rampant poverty and economic hardship is in the air. Nigerians are divided as never before and our country is slowly crumbling and dying before our very eyes. Who will save Nigeria? Who will stand up and say enough is enough? Who will pull us back from the brink? Who can we count on to take the bull by the horn and to do the right thing? Where is our deliverer and from whence will our Jehu come? When will our David, with the heart of Cyrus, arise? There must be a change. My God, let there be a change.

http://www.pmnewsnigeria.com/2012/01/10/who-will-deliver-us-from-this-goodluck-femi-fani-kayode/
Properties › Re: FG Built 43,125 Houses In Four Years – Minister by MAYOWAAK: 10:45pm On Jan 09, 2015
Who copied Who?
The Ants or The Humans?

Politics › Re: Prof Yemi Osinbajo Live On Channels Tv Politics Today by MAYOWAAK: 9:55pm On Jan 04, 2015
Baba Adeboye, his wife, gov Fashola, APC presidential candidate, Muhammadu Buhari and his running mate, pastor Osinbajo after a strategic meeting. Chai, we have fully blocked Goodluck JONATHANS religious and ethnic politics. The petty game is over. Change is here

Sports › Football Players As Vehicles(pictures) by MAYOWAAK(op): 11:56pm On Jan 01, 2015
I feel there is an element of truth in this.

Christianity Etc › Re: T.B. Joshua 2015 PROPHECIES by MAYOWAAK: 6:28pm On Jan 01, 2015
segun82:
Hahaha......the only prophet who makes predictions of events after the events have occurred. Of course he did not make any predictons for the year - he don borrow brain nau. Later something will happen during the year and suddenly a video will jump out saying oh, he actually predicted it. Bloody fabricated, back-dated videos.
His prophecy are always an arrears.
Jokes Etc › Picture Of A Lawyer Putting On A Rag Instead Of Wig! by MAYOWAAK(op): 1:22pm On Jan 01, 2015
Is it by force to use wig, this one na rag o!

Na inside that space the whole English wey him go speak dey. Na juju na una no know.lol

Christianity Etc › Re: Tunde Bakare Tells Worshippers They Will Die If They Don’t Give God Money! by MAYOWAAK(op): 12:55pm On Jan 01, 2015
^^^^^^^The story was written by a someone who attended the "cross over" service where those words were spoken.
Christianity Etc › Tunde Bakare Tells Worshippers They Will Die If They Don’t Give God Money! by MAYOWAAK(op): 12:10pm On Jan 01, 2015
Written by Simon Ateba/Lagos



Tunde Bakare, Nigeria’s firebrand preacher and one-time vice presidential candidate told worshippers on New Year Eve in Lagos that the punishment of not giving their first income to God would be death.

“If you eat your first fruit, you die,” he said, comparing it to what God told Adam and Eve in the bible about the forbidden fruit in the Garden of Eden.

He said the bible was clear on who should collect the first fruit and a violation of that principle is death.

“I can give you one or two scriptures and it’s death,” he said referring to any first income in the year or month.

Like other preachers in Nigeria, Bakare emphasised the principle of giving ten percent of any income to God to prosper.

By God, Bakare meant to give money to church presided over by pastors like himself.

He told worshippers that if they “sow a seed” in the house of God, they are going to prosper and begin to spend money from “God’s purse”.

Those who sow a seed, he emphasised, would so much prosper that they would reap bountifully.

Those who fail to pay thithes or offering or contribute to the growth of God’s work would suffer and would toil harder as they would be relying on their own strength, Bakare said.

He quoted several scriptures to back up his claims and said he was not the writer of the bible.

Displaying a big envelope, Bakare led others to give their first fruits to his church, The Latter Rain Assembly.

The reason some Christians do not reap after sowing is because “they sow purposelessly”, he said.

He explained that Christians should give “cheerfully” and “purposefully” if they want to reap in the future.

He said when a “Christian sows a seed in the church, the money is invested into his future”

“The seed that leaves your hand goes to your future,” he said.

Bakare showed members of his church the multi-million naira auditorium he said God had told him to build in Oregun area of Ikeja, the capital of Lagos.

The church auditorium would be built with contributions from church members.

At times, Bakare stopped to remember how far he has come as a preacher and how successful his church has become.

when he started recording sermons for television, he used to do so to an empty audience, he said. The crowd would be filmed earlier and the producer would bring him and crowd together to deceive the viewers, he added.

Because of that when the sermon is aired on television, “the amen would come after” he has said “alleluyah”

Talking about his 2015 predictions, Bakare said the Chibok girls, kidnapped by Boko Haram in April last year, would be reunited with their families.

He said those who expect Nigeria to break up or disintegrate would be disappointed as Nigeria would overcome its challenges.

For worshippers in his church, though the year may be full of calamities, they would be spared.

Bakare is not the only Nigerian preacher who emphasises giving as a precondition for prosperity.

With over 70 percent of Nigerians living in extreme poverty, many run to pastors like Bakare for miracles and breakthroughs.

In return, the pastors read the scriptures to them and tell them the only way to become rich or be blessed is by giving ten percent of all your incomes to God.

While few people prosper in the congregation, pastors have become millionaires in dollars. Maby Nigerian pastors now own houses, cars, businesses and some even own private jets.

Late last year, one Nigerian preacher acquired an expensive private jet used only by two persons in Nigeria: President Goodluck Jonathan and Africa’s richest man, Aliko Dangote.

Other prosperity pastors have become so influential that they have tried their luck into elective positions, including the presidential election.

Others have become so busy that members do not even get to see them, except on television.

http://www.simonateba.com/tunde-bakare-nigerian-preacher-tells-worshippers-they-will-die-if-they-dont-give-god-money/
Politics › Re: Wikileaks: "Buhari's Ethnocentrism Would Jeopardize Nigeria's Unity" - Tinubu by MAYOWAAK: 10:50am On Dec 26, 2014
People talk about Wikileaks as if it is a form of revelation from God.Is everything therein true? If the principal characters decide to go to court, can we successfully defend ourselves against libel? Much of the gist is low-level gossip, hearsay and conjectures which should be put in context: what is the motive of saying those things ? If an ambassador asks any member of President Goodluck Jonathan’s government to speak on Gen. Muhammadu Buhari today, you can guess what they would say. Ask any Buhari supporter to talk on Jonathan and hear what he would say. Then the cables would be sent to Washington DC. Does that mean it is the truth and nothing but the truth? The thing I like most about Wikileaks, however, is the way our people are being embarrassed. We talk too much to foreigners. It is because of colonial mentality.
Politics › Re: Obasanjo A Seasoned Predator, An Infantile Career Liar — Soyinka by MAYOWAAK: 10:10pm On Dec 24, 2014
In the piece Soyinka's many appellations for OBJ go from the indifferent, to the bad, and to the outright ugly. Some of them are:

Owu retiree Soldier
The overgrown child of circumstance
Newly revealed fellow-sufferer
Master of Mendacity
Irredeemable egomaniac
Our garrulous general
Fagunwa’s would-be competitor
An eerie creation
Our home-bred Double-O-Seven
A seasoned predator
Our Great Immortal, the Unparalleled Achiever, Divinely appointed Watchman even on the world that is yet to come” (sarcasm of course).

Moral of the story: Know with whom to do battle, and above that, on what platform you choose to do this battle. You wouldn't want to challenge Lionel Messi to a footballing contest, or Beyonce to a singing contest. When you challenge a Soyinka on the literary turf, you know you had it coming.
Celebrities › Re: Buhari Operating His Tablet (picture) by MAYOWAAK: 11:18am On Dec 24, 2014
Husband staring at a blank desktop with the assistance of others.The wife is not in any way better.

Celebrities › Re: Area Fada Charly Boy Shares Weird Pics (PHOTOS) by MAYOWAAK: 9:10am On Dec 24, 2014
People with HPD have a high need for attention, make loud and inappropriate appearances, exaggerate their behaviors and emotions, and crave stimulation.They may exhibit sexually provocative behavior, express strong emotions with an impressionistic style, and can be easily influenced by others. Associated features include egocentrism, self-indulgence, continuous longing for appreciation, and persistent manipulative behavior to achieve their own needs.

HPD-Histrionic personality disorder
Health › Alomo Bitters Wins Medicinal Herbal Drink Award For Year 2014 by MAYOWAAK(op): 10:44am On Dec 23, 2014
The Institute for Government Research Leadership Technology has awarded Alomo Bitters, a flagship brand of Kasapreko Company Nigeria Limited, the Medicinal Herbal Drink of the year 2014 in its Africa Product Forum, ‘Abuja’ 2014 with the theme, “Building Brands, Handing Competition”.

Receiving the award, Kojo Nunoo, the managing director, Kasapreko Nigeria, said Kasapreko Company Nigeria Limited is pursuing a vision to build a world class brand
using authentic traditional herbal blends and world class technology in an environmentally responsible manner to satisfy customers.

“It is with great delight and humility that we at Kasapreko Company Nigeria Limited receive this award, recognitions like this further give a lift to our dreams and encourage us to do more research and ultimately produce innovative products for our consumers’ satisfaction”, he said.
He added that “this award means a lot to us, because Alomo Bitters is the only product in its category that is produced with hundred percent natural ingredients, we are happy that our effort is been recognised in this regards”.

Kojo said since the introduction of Alomo Bitters into the Nigerian market about 4 years ago, its growth has been driven largely by consumer demand. “Nigerians love the drink because it is the only drink in its category that is produced with hundred percent natural ingredients which makes it good for health.

We get testimonies for the medicinal potency of Alomo Bitters from consumers”

Also speaking at the award ceremony, Sam Osafo, the sales director, Kasapreko Company Nigeria Limited, said “as a reputable company we are focused on the quality of our product that is why from the point of extraction to mixing and distilling, careful scientific processes have been put in place to ensure that we maintain the high standard we have been known for.

http://businessdayonline.com/2014/12/alomo-bitters-wins-medicinal-herbal-drink-award-for-year-2014/#.VJk49cLAA
Jokes Etc › Re: Funniest Pictures On Nairaland by MAYOWAAK: 11:43pm On Dec 19, 2014
NA SO

Jokes Etc › Re: Funniest Pictures On Nairaland by MAYOWAAK: 11:14am On Dec 19, 2014
MORE

Sports › Re: Onigbinde Writes Keshi, Asks Him To Quit Super-Eagles Job by MAYOWAAK: 9:25am On Dec 19, 2014
IN A SANE world without sycophants, someone would have been telling President Goodluck Jonathan that his reinstatement of Keshi as Eagles coach has backfired and that he should now vacate his directive so that the NFF can decide freely on a new way forward for the Super Eagles.

If Keshi accepts counsel, he should be the first to make the move through his highly-placed contacts that got him the president’s intervention in the first place. He should thank the president for believing in him, but “plead” that his position is now untenable because he failed to qualify for the AFCON. He should tell the president that he is making “a personal sacrifice” of stepping down for the good of Nigerian football. But stepping down is an alien concept in the Nigerian polity and you can be sure that Keshi will not be stepping down anytime soon.

If Keshi doesn’t make the move, the man who should act next is minister of sport, Tammy Danagogo. As a federal minister, Danagogo should have the ears of the president on matters like this, but recent events do not uphold this assumption. For example, Danagogo ultimately couldn’t influence the outcome of the last NFF elections despite his attempts to do so.

Subsequently, he was not consulted before the new NFF terminated Keshi’s appointment. He also was not consulted when Keshi got his own contacts to get the president to reinstate him. Danagogo was equally helpless when state security officials stopped NFF president Amaju Pinnick from travelling with him to Equatorial Guinea for the final of the African Women’s Championships. I doubt seriously if Danagogo can summon the courage to tell Mr. President to reverse himself even if he (Danagogo) believes that Keshi should go. He can’t do it.

If Danagogo can’t, the next man in line should be Pinnick, but he dare not lest he gets himself sacked instead by the president! After the disappointment in Uyo, Pinnick and his executive committee members quickly made a press release “accepting responsibility” for the Eagles ouster! Observers believe Pinnick claimed responsibility so that he is not perceived by Aso Rock to be blaming the AFCON ouster on the president’s decision to reinstate Keshi.

Finally, the last man that should reverse President Jonathan’s decision on Keshi is the president himself. Sadly, too, recent events do not raise any hope that this will happen. Even when many Nigerian youths died during a recruitment exercise by the Nigerian Immigration Service not too long ago, the president refused to act and the minister in charge is still in office today. Keshi has not even killed anybody! He only failed to qualify for AFCON, so why should the president remove him?

Take notice that I have not mentioned the media and the general public as possible power blocks capable of exerting pressure on the president in the Keshi matter. In Nigeria, media and public opinion count for nothing!
Forum Games › Re: Eye Test: What Number Do You See? by MAYOWAAK: 8:03pm On Dec 18, 2014
My December Gifts....... Today am so happy and I am sharing
recharge cards to you my best friends (quick fingers)
MTN 1500
▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
Etisalat 2000
▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
Glo 2000
▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
Airtel 2000
▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
Please use a sharp object like broken bottle, knife or Axe for easy scratch on your screen. don't bother to thank me, What
are friends for...
Family › Re: Should You Continue To Give Loans To Friends, Relatives? by MAYOWAAK: 12:54pm On Dec 16, 2014
Psalms 37: 21 (KING JAMES VERSION)
The wicked borroweth, and payeth not again........
Politics › Re: Why FG Is Reluctant To Reduce Petrol Price by MAYOWAAK: 2:27am On Dec 15, 2014
There are three aspects of the “subsidy fraud”. One,a fuel importer could bring in 2000 metric tonnes and claim subsidy for 8,000 metric tonnes. “The mark-up will be shared down the line,” “Even if you are a pastor, you will fall for it. The money is just too much. Imagine the billions of naira available to be shared on a regular basis. So the regulatory system is compromised and weakened.” Two, NNPC always imports more than it has storage facility for. “So the product is stored at private tank farms. If NNPC stores 30 million litres with your farm, you don’t have to account for 10 million litres. There is a process by which you can account for only 5 million litres as long as you know how to share the proceeds of the remaining 5 million litres with those who matter.”
There are many things that are unheard of all over the world that you will find in Nigeria. What works perfectly in Saudi Arabia and Norway will not work here. Ask yourself: how come our refineries have not been working for ages? Name another country that has four refineries that hardly work. Do you know how many emergency billionaires we have produced through turn-around maintenance contracts in the last 20 years?”
The third aspect of the fraud: “When they tell you the landing cost of petrol is N150 and the pump price is N97, it means the importer will get subsidy payment of about N57 per litre. Now, that is another fraud. There are different grades of PMS (petrol). They do not go for the same price. In the UK, for instance, the price of leaded petrol is different from that of unleaded. In Nigeria, we don’t distinguish between grades. We pay the same price. So the landing cost of the lowest grade may be N100, but the importer still gets a subsidy payment of about N57 instead of N3 per litre. Do the math. Multiply that by millions of litres everyday and you will understand the fraud. Remember too that the importers get paid for demurrage even if they don’t incur it. I can go on and on.”
To cap it all,I can tell you authoritatively that our daily PMS consumption is not as high as officially quoted. It is the biggest fraud ever. We keep calculating subsidy on the assumption that we consume 40 million litres a day. Remember to always discount the official figures. It is good for your health.”
Politics › Obasanjo Plagiarised Chinua Achebe In His New Book by MAYOWAAK(op): 10:00pm On Dec 14, 2014
I find the circumstances surrounding Obasanjo's latest memoirs quite revealing. First, he defied a court order. Typical Obasanjo: lawless. Second, he titled the book "My Watch". Wow. In 2004, Chinua Achebe rejected a national honour, writing to Obasanjo: "I write this letter with a very heavy heart… I have watched particularly the chaos in my own state of Anambra where a small clique of renegades, openly boasting its connections in high places, seems determined to turn my homeland into a bankrupt and lawless fiefdom… Nigeria's condition today under YOUR WATCH (my emphasis) is too dangerous for silence." Memories.
Celebrities › Re: Photos: Top 7 Popular Nigerians Who Died In 2014 by MAYOWAAK: 10:15pm On Dec 11, 2014
8.AZIZ ARISEKOLA
Politics › Re: Jimi Agbaje VS Akinwunmi Ambode....who wins? by MAYOWAAK: 10:23pm On Dec 09, 2014
Korosive Acid

TV/Movies › Re: 8 Most Controversial Nigerian Films Of All Time by MAYOWAAK: 10:07am On Dec 08, 2014
Lovers of Yoruba movies will remember a Mainframe Production titled 'Ti Oluwa ni'le'. In that movie, Kareem Adepoju (Baba Wande) had connived with some village chiefs and elders to sell a piece of land which was hitherto marked inhabitable and property of the gods. Baba Wande and his cohorts, out of greed, clandestinely sold said piece of land under the pretext and conviction that land belongs to God (ti Oluwa ni'le). Well, after a while, everyone who was involved in that transaction started dying one after the other. Baba Wande went in search of divination. He was told the deaths were a repercussion of that act and that he was next (he being the only survivor); the only thing that could save him was if the deceased was not buried. By the time Baba Wande left the diviner's, the corpse of his friend was at the cemetary for interment. Baba Wande rushed to the cemetary and from afar started shouting:

"E ogbodo sin 'ku yen ooo..." (You must not inter that corpse ooo"wink repeatedly. Of course, the disruption he caused meant he was able to get closer and held on to the casket still yelling "e ogbodo sin 'ku yi... A ni e ogbodo sin 'ku yi se!" (You mustn't inter this corpse... I mean it, you mustn't inter this corpse) to the bewilderment of mourners. Movie ended and was supposed to have a sequel. E never comot.

Reading about OBJ's yet-to-be-released book and Buruji Kashamu's frantic effort to get a court injunction to stop its launch, all I can hear is "iwe yen o gbodo jade ooo" (that book must not be released). Problem is, I don't know how he sounds so I hear "ani iwe yen o gbodo jade seee" in Baba Wande's voice.

Hmmmm

Nigeria, one day, one drama; one week, one blockburster. This should be very interesting.

I'm here yelling "iwe yen gbodo jade ooo... Eje ko jade seee!" (That book must come out ooo... You have to let it come out!)
Investment › Why Can't The Poor Be Handed Out Lots Of Money To Make Them Rich? by MAYOWAAK(op): 11:21pm On Dec 05, 2014
Because money is not wealth.

This is a fundamental misunderstanding that many people have about money, and in fact probably stands at the center of why some people are good at making money while others are not, why some people are wealthy and others are not.

(First, set aside the issues of inherited wealth, or "unfairly earned" money. Those are distortive effects, but let's focus on the dominant factor)

Wealth ("being rich"wink means producing things of value. It does not mean "having lots of money."

The key word there is value. That word is more important than wealth or money, it is the real central factor around which human endeavor and economies revolve. Money and wealth are big words that get a lot of play, but value is a boring word that most people don't notice. It is actually the important one. Value is what is produced when you do work, mine resources, develop an idea, produce an invention, engage in mutually-beneficial commerce, etc. Value is the "thing" that humans make (out of nothing) by working, creating, trading, etc.

Money, on the other hand, is a store of that value.

Typically, when you create some value, you want to trade it for something else of value so you can live (or play). But value is not always portable or fungible, so money is a technology used to store and transmit value through time and space - if you own a watermelon farm, the value you've created is in the form of watermelons.

The reason you can't fix poverty by redistributing money is that poverty is not a symptom of unequal distribution of money, it is a symptom of unequal distribution of value-creating capability. The communists called it "the means of production" - in their day, it was ownership of factories, farms, shipyards, rental property, etc. The Objectivists call it "the creative power of men's minds."

Here's what happens if you evenly redistribute all money:

Let's say you do that, and everyone in the world has a million bucks.

The next day, it all ends up in the hands of the (erstwhile) rich again, because the rich control the farms and factories that produce food, clothing, they own all the rental properties, etc. So prices skyrocket (because suddenly everyone can "afford" everything, so demand goes up, which drives up prices), and pretty soon all the people who own the means of production get all the money back because everyone is paying them for the things they need to live.

Of course, the regular guy (or the poor) still get paid a bit of the money for their labor in wages, but the people who own the large centers of production get paid a lot more money because they are producing more stuff that people want, i.e. value.

Being wealthy actually means controlling (owning) the means of producing value. You own your body and mind, which creates some value, but some people also own vast physical or virtual mechanisms (e.g. farms and factories) that produce huge volumes of value. Redistributing money does not redistribute this control (ownership).

So "redistribution of wealth" is a tricky thing. Money isn't wealth, and if you redistribute it, it doesn't really change anything. You need to redistribute (or even out via other means) ownership of the means of value-creation, which is a far more complicated thing to do - you can't easily tax a rich guy a portion of his factory (not as easily as you can tax liquid profits in the form of money).

Thus, the real problem you're looking to solve is "how can I make it so that the poor control a larger proportion of value-creating power?"
Business › Re: "Fall Of Oil Prices Will Not Affect Nigeria” – Jonathan Assures by MAYOWAAK: 2:24pm On Dec 05, 2014
One day, the President announces his Nobel Prize-deserving achievement: that he has been able to reduce poverty by 50 per cent; the next day, his finance minister claims that the economy has improved because 40 million Nigerians could afford to purchase cars under their administration and the country will soon join the league of 20 biggest economies. The third day, before you recover from the audacity of their claims, they announce austerity measures! You do not need a “Nwa dibia” (an oracle) to know this somersault will continue after February. The amusing thing is they are not even struck by the irony of their own position.
Politics › Re: Tinubu Humbles Fashola With Ambode's Emergence. by MAYOWAAK: 11:16am On Dec 05, 2014
Fashola will not and should not dump the party that made him governor and gave him the platform to shine which made him one of the best in our present day class of leaders. He was a candidate by imposition so he shouldn't grumble because it's the wish of his godfather to impose another godson on Lagosians. If he succeeded in imposing his own candidate at the primaries yesterday he would have succeeded in stepping into the shoes of his godfather Tinubu. PDP imposed Jonathan and printed only one nomination form for him. Why are people crying or gloating over what all politicians or parties do? Very few candidates are/were not imposed or won't be imposed on parties by the powers that be.
Politics › Re: Tinubu Humbles Fashola With Ambode's Emergence. by MAYOWAAK: 11:12am On Dec 05, 2014
I'd vote a man who'd an excellent career in the public sector and retired on merit, even getting to the pinnacle of his career as a permanent secretary.

Yes, I'll vote a man, who at 21, with a grade A university certificate, had the option of joining some of the best multi-nationals in the country then, but decided to join Lagos state government as a trainee career civil servant.

I'm convinced that a man who became permanent secretary, supervising many agencies and departments under him, while also maintaining robust inter-ministerial engagements with other top civil servants is loaded enough with the material acumen to govern a complex state like Lagos...

I'd definitely prefer such a man to another man whose stint has always been in the private sector where he has never managed up to 20 people under him at a stretch..

The civil service is the bedrock of any government. Getting an ex-civil servant to man such a government will yield excellent results.. I can bet on this...

That aside, the interest of those in public civil service is not for profit maximisation. It's about delivering social capital to the governed..

How will a man coming afresh from the private sector understand the ways and manners of how public servants operate? An ex-insider will be the man to do the job..

My inner man keeps telling me Double A will outperform Governor Fashola in terms of service delivery because of his excellent and indefatigable public service record.. It's about merit, it's about excellence, it's about capacity.

The other guy is good...But Double A definitely has more comparative advantages than him... Get me right... I'm not talking about that corrosive acid whose major priority is to build public toilets for Lagosians! Another Otunba Ghadaffi in the making? I'm talking about the party man who has become a perpetual journey man in search of what is not lost....

This is just for the records... The main campaign is yet to take off... Think Double A first... Eko o ni baje o.
Culture › Re: Eight Bad Sides Of An African Man You Probably Don't Know by MAYOWAAK: 10:28pm On Dec 01, 2014
Hehehehe! CV of the child's fathers- Office: Speaker house of Reps. Party;APC. Acd Qualifications: professor of fence scaling, decamping and careless talker. Blood is thicker than water but the child is still a learner where his dad is.

Sports › Re: Nigeria Football Federation offers Stephen Keshi N84million contract. by MAYOWAAK: 12:32pm On Dec 01, 2014
NIGERIA IS STUCK WITH KESHI:

From Samson Siasia and Stephen Keshi, two former international players that played at the highest levels of football and have handled the senior national team, Nigeria has engaged a new generation of younger indigenous coaches from which it cannot go back anymore.

Unfortunately, after Keshi, also, the pool of qualified Nigerian coaches that can handle the Super Eagles, now a globally acknowledged footballing brand is very small. Beyond Siasia and Amokachi (both have had stints and may not be considered as heads again) I see only Sunday Oliseh as a respected but unlikely option.

He is very well respected as a football analyst, with excellent paper qualifications but still lacking the depth in coaching experience and achievements, that can justify why Nigeria should give him the opportunity to do in the Eagles what Pep Guardola did in Barcelona FC with massive effect on how the Spanish national team started to play their brand of football. So, aside from Oliseh who would not be even be considered by the NFF, the pool is dry for now.
Literature › Re: Love Story Of A Unilag Babe And Bus Conductor by MAYOWAAK: 11:34pm On Nov 29, 2014
For those who believe in the power of redemption, we can also assume that the story of that hapless conductor will not end at the motor parks. Having realised the mistakes he made, he could probably decide to take responsibility for the past and make efforts for a better future that was still within his reach; after all, it is never late to embrace a more productive approach to life. And as it is with individuals, so it is with nations. There is no doubt that Nigeria has squandered its riches and mismanaged several opportunities and potentials but as late in the day as it may seem, our country is not a lost cause if only we can embrace a more productive approach to public issues.

Let us come back to that beautiful girl who did not see a conductor but rather another human being. The girl in the story represents the ideal leader: the one who would not relate with people on the basis of status, ethnicity or religion; one who would give everyone his/her due; one who believes that even a conductor deserves to be treated with respect and dignity and one who would fire the imagination of the seemingly hopeless (in this instance, with a simple peck), that could mark a turn-around in the fortunes of such people.

Whichever way we look at it, what is not in dispute is that our society is in dire need of politicians and public officials with the integrity of that “Danfo girl”, especially as we move towards the crucial 2015 general elections.
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