₦airaland Forum

It's very clear that the masses are fed up with Bubu led APC government even APC legislators.

Kudos to Saraki who doesn't want a situation where State governors are at the leverage of working to secure votes for President Bubu in order to be delivered and elected for second term in their various states. With the reordering, it is now mind your own business. State governors work for their re-election first. Same goes with federal legislators. After which President Bubu is allowed to return to Daura. Hahahahahaha

Congrats to the young researcher. She deserves another round of applause. Only those who have passed through the hurdles will appreciate what she has more especially at her age.

Prof Alonge while delivering a lecture to PhD candidates in one of the departments in UI said sometimes ago, "If at some point, one doesn't feel like abandoning the programme, then it's not PhD".

It's true that Nigerian public universities tend to be unnecessary "harder" and delay PhD candidates, however, one can still finished PhD at public universities in Nigeria at 25 depending on the age the person was first admitted into the University. In UI, some students still finished PhD in record time such as three or four years. It is however, important to stress that the duration of PhD completion is not as important as the impact of the PhD itself and the long term growth of the holders.

it is also important to state that PhD requirements even in the same institution differs. For instance, in UI, while some departments require one year course work before proceeding to the research component, some others do not.

I have seen a situation where students admitted into a department for PhD in Nigerian University had to wait for one year after paying school fee of close to #200k before lectures on the course component were delivered to them. They just had to accept it that way or forfeit the admission. And of course, they can't just say okay, let us not pay the school fee and wait to apply for it next session. The department for sure will deny such applicants a placement.

The bottom line is PhD is good depending on what the individual wants but is not a function for money making.

CarlyX8:
where's the guy you quoted, am willing to help, but can't find him, have a feeling he is telling the truth

You funny sha. If you wanted to help him as you claimed, it's not difficult. You can follow the thread to find him. Best of luck to you

Please I need constructive comments and suggestions from experienced hands (possibly those who have Cambridge A level centres) on the running cost and what it takes to start one in Nigeria.

I will appreciate every modest contribution.

I have the experienced and technical know how on how to produced A* and A. I want to bring this to bear in the proposed centre.

mercyville:
But your tiny Igboland does not have good properties compared to SW states now:

Top 10: Most Expensive Property Locations in Nigeria.

Banana Island in Ikoyi, Lagos leads a list of the most expensive property locations in Nigeria.



PHOTO: A 4 Bedroom House at Banana Island in Ikoyi, Lagos

In Banana Island, a 3 bedroom apartment typically sells for N100Million ($625,000) and N450Million ($2.81Million) for a 5 bedroom house. Rental properties are very popular in this location and rent for a 3 bedroom apartment is typically N10 Million ($63,000) per annum.

The list, which was compiled from data gathered by PrivateProperty.com.ng, Nigeria’s largest property portal, revealed that in Nigeria, Lagos State has the largest pool of locations with expensive properties followed by Abuja, Nigeria’s capital city.

Other entries on the list include:
2. Maitama in Abuja (Federal Capital)





PHOTO: A 6 Bedroom House at Maitama in Abuja, Federal Capital Territory





3. Asokoro in Abuja (Federal Capital)





PHOTO: A 5 Bedroom House at Asokoro in Abuja, Federal Capital Territory





4. Jabi in Abuja (Federal Capital)





PHOTO: A 7 Bedroom House at Jabi in Abuja, Federal Capital Territory




5. Nicon Town in Lekki (Lagos State)





PHOTO: A 4 Bedroom House at Nicon Town in Lekki, Lagos





6. Ikeja G.R.A. in Ikeja (Lagos State)





PHOTO: A 4 Bedroom House at Ikeja G.R.A. in Ikeja, Lagos




7. G.R.A Phase 2 in Port Harcourt (Rivers State)





PHOTO: An Apartment at G.R.A. Phase 2 in Port Harcourt, Rivers State




8. Lekki Scheme I in Lekki (Lagos State)





PHOTO: A 5 Bedroom House at Lekki Scheme 1 in Lekki, Lagos







9. Alalubosa G.R.A. in Ibadan (Oyo State)





PHOTO: A 4 Bedroom House at Alalubosa G.R.A. in Ibadan, Oyo




10. Ibara in Abeokuta (Ogun State)





PHOTO: A 3 Bedroom House at Ibara in Abeokuta, Ogun


Oluwafemi Taiwo, Managing Director at PrivateProperty.com.ng, said: “We have listed over 100,000 properties since inception from over 2,000 real estate agents. This data was gathered by analysis of the price of properties listed on the website over this period”.

In Nigeria, there has been a surge in the adoption of technology by real estate practitioners whom in addition to listing their properties with portals also own and manage websites and a social media presence for their activities. According to the report, 6 in 10 estate agents own a website while 3 in 10 use social media to market their properties.

It is important to note that luxury rental property is the most popular and lucrative property category in these highbrow areas in Nigeria. These properties are mainly demanded by expatriates and non-residents who are interested in running their business activities in Nigeria. Oluwafemi stated that almost 50% of enquiries received via PrivateProperty.com.ng are from individuals outside Nigeria: expatriates and Nigerians in diaspora.

https://www.privateproperty.com.ng/news/top-10-most-expensive-property-locations-in-nigeria/

Why are you too full of yourself? How does Ibadan relate to Lagos such that you will be making reference to SW and pointing at Eko

mercyville:
Pls sir,come and build now while your tiny Igboland continues to be backward.

Ibadan land and rent is too cheap. It's not a worthwhile investment

mercyville:
I like you.Will you come to Ibadan to build more of these houses built by Igbos for Ibadan to continue to be more developed than all your tiny brown roofed,red mudded 5 eastern states?
IBADAN was very much developed than the entire Igboland even from time immemorial and continues to till today.


THIS IS IGBOLAND.WHY DON'T YOU GO AND DEVELOP IT?

Stop deceiving yourself please. It's not an issue of whether I will come to IB. I make my money, at least my first #1m from IB years ago, but will be the last person to think of building a house there.

This our blues self don de over Bleep up. I no de gbadu dem style anymore. I just pray dem no go allow people wey de patronized sport betting like bet9ja to transfer their money to the agents who owns the betting shops.

mercyville:
IBADAN is more developed than the 5 eastern states joined together.

My chief, please stop posting Igbo people's wealth and politicians in Ibadan. Concentrate on working on yours while I pray for Oluwa to bless the works of your hands.

mercyville:
You tried.Ibadan is more developed than the 5 eastern states joined together.

My brother and friend, five Nigerian cities of which Ibadan is one no doubt is looking at population size which is seen as market in economics and not necessarily development as you think.

Abeg, make we leave talk for turkey, Ibadan try no doubt. Courtesy of Igbo business men and academics. However, people that are living below poverty line in that city is four much. The misery index of IB is six much. It is the city I have seen the highest level of begging followed by Osogbo.

mercyville:
You tried.Ibadan is more developed than the 5 eastern states joined together.

My brother and friend, five Nigerian cities of which Ibadan is one no doubt is looking at population size which is seen as market in economics and not necessarily development as you think.

Abeg, make we leave talk for turkey, Ibadan try no doubt. Courtesy of Igbo business men and academics. However, people that are living below poverty line in that city is four much. The misery index of IB is six much. It is the city I have seen the highest level of begging followed by Osogbo.

Don4eva:
Abia has been in political slavery since 1999, no infrastructure, no salary, no pension and worst of it all is how few people close to the government celebrate mediocrity.
All we are saying is give us FREE and FAIR election come 2019.
Abia will speak with one mind
God bless his own state.
Amen

It is easier said than done. I have watched at the politics of Abia state keenly from 1999 till now. It surprises my imagination that Abia State governors from then till now are the worst set of Governors in the history of Nigeria and yet they all get re-elected by the same Ndi Abia. Some of them even after eight years of "milking" the state, will ne elected to the Senate. To this effect, I will only be surprise if Dr Okezie Ikpeazu is not re-elected for second term despite his below average performance in the last three years in office.

Ndi Abia is yet to come in terms on the reality of the day. Whether to say no to the sales of their votes for #1,000 or to secure and defend their votes. They should at least look at their neighbouring states; Akwa Ibom and Rivers and possibly stretched further to the State being govern by Okorowusa

Icecream4U:
Sometimes, these lecturers fail them so they can fvck them later.

You have just succeeded in making a mere hypothesis.

I can authoritatively as an academic tell you that what you put forward is hardly obtainable.

It's quite unfortunate what academics has turned into in Nigeria. The problem is multidimensional and it is orchestrated from several stakeholders; government, politicians, academics, parents and students.

These days with the proliferation of social network and the penchant for wealth creation, only limited number of both male and female students study to show themselves worthy in learning and character. While majority of our male students indulged in internet scam and football betting such as bet9ja, the female ones goes extra mile to "belong" and showcase expensive phones such as iPhones when some of them their parents are living in face me I slap you houses.

Within the University communities, our politicians haven't helped matters. Unlike ten years ago, where those who were intellectually sound and morally upright were employed as academics, the reverse is the case today provided the fellow can at least produced 2.1 to be employed as GA or MSc not minding it's not up to 4.0 CGPA (PhD grade). Once these are met, the rest is left for the politicians to linked them up.

Parents on the other hand have partly contributed to the mess in our education system. Today, parents can conveniently arranged for "special" centres for their children to write O level and UTME. I wish they know that the Bible admonishes that parents should teach a child the way he/she will not depart from it. Hence, when these children get to campus and start looking for how to sort and sleep around with lecturers all for marks, the students alone shouldn't be blamed. It's a chain reaction. And tomorrow, some of them will graduate with at least 2.1 and also become lecturers. I laugh for the future of Nigerian children.

Vulcanheph:
you obviously didn't attend a public university...the corruption is so bad that even Leonardo da vinci Himself will fail if he does not sort to pass.

There you are wrong. Intelligent students still graduate from public universities in Nigeria without paying a dime. Stop generalizing. Don't used yourself as a yardstick to generalized rubbish. I am a living testimony. Passed through two federal universities without having to see any academic to passed with laudable grades. Hence, I replicate same as a law abiding citizen.

philaw:
How much will a standard office space cost in Aerodome?

It is strictly residential. No form of any trading. The least duplex goes for as little as #1.2m yearly.

mercyville:
IBADAN is more developed than all your five states joined together.Ibadan has more than 3 million people while each of your cities..the developed ones do not have up to 500,000,has few infrastructures except houses which Ibadan only has more.Accepted Ibadan/Oyo still has slum just like Lagos but these two Swestern states are still more developed than any state in the east...Igboland.T hey have been more developed than Igboland even before the white men came.

Be civil in an attempt to buttress your point. Anyway, I am not surprise having live with Ibadan people for years. If you have some common sense, you shouldn't have think that I am from South East which is not only your problem but an average Yoruba man's problem. May you receive some common sense IJN.

Back to your point, have you ever being to Enugu or Imo? I am very sure you haven't as typical of Ibadan man - primary sch, Ibadan, Sec Sch, Ibadan, BSc, Ibadan, MSc, Ibadan and possibly PhD, Ibadan. It's called inbreeding. It doesn't usher in common sense.

How many roads in IB can two cars comfortably move simultaneously from opposite directions if not the few that Ajimobi has worked on? Go to Owerri and Enugu, capital cities as well and see virtually all their streets.

Who are the owners of majority of the houses in Aerodrome? Are they not the same Igbos who you want to crucify?

I like you sha just the same way I like my Ibadan friends and colleagues. It's only in Ibadan I can still enter taxi #20 even with this miserable APC government Ibadan people gave us. Lol

aywhy93:
I was Born and Brought up in Ibadan and I know IB City In and out... And I've also been to so many places in the Country and I must say, people have a very distorted view about Ibadan. There are places in Ibadan that has the same atmosphere with that of Lekki, Magodo, VI, etc in Lagos. The same way there are ghetto and slums too that competes with those in Lagos as well.

For example, It's almost impossible for an averagely rich person who lives in Magodo or some parts of Lekki in Lagos or even someone who lives in Kubwa or Wuse II in Abuja to afford living comfortably in Aerodrome in Ibadan, only if you're really super rich and can stay rich for years.

So, to those that see Ibadan mainly and only as a city of brown roofs... May Sense fall on y'all. AMEN

Abegi, make we hear something. Besides Aerodrome, Jericho, some part of Bodija, Oluloye estate and extension, Agodi, Akobo, and some few places within challenge axis, Ibadan as a city seems to be miserable in terms of the building. Abi na Agbowo, Oregun, Apete, Ojo, Iwo road, Ajibade, Ajibode, and the worst part, that side wey the late Ibadan jagaban be de live. I don't want to mention the name because it's an eye sore. Yet Ibadan people will say those houses can't be destroy because it's their cultural heritage my foot.

Ibadan cheap shall.

ogookoye:
Hi, am a final year student of chukwuebuka
odumegwu ojukwu university, Anambra Nigeria. pls am stranded as i
can't find a way to complete my school fees, exams is on 23rd of this
month currently i have with me 80k(i can send you prove) and i need
60k to complete it, pls if you could support me i will be glad any
amount will help thanks,. act: 3611221634 Ecobank

Opt out and seek admission or transfer to a federal university and your fee won't be up to #30k since you already have #80k. This is why I keep advising indigent students not to go near State universities

BeeBeeOoh:
https://www.premiumtimesng.com/news/headlines/264801-saraki-disbands-buhari-support-group-in-senate.html

This man is becoming the best Senate President Nigeria has ever produced. Were are the wailers who said he won't be on the seat for a month? He's really check mating the excesses of President Bubu and his cabinet

Emdee590:
please brother, teach me on how to get the POS machine please and please bro

?

It's as easy as ABC. Walk up to your banks provided you have some money with them. The charges vary across banks. Hence, you can find the one with less charge in order for you to maximize profit.

Mayydayy:
Abeg.don't tell me nonsense.
Why would the prof even agree to such a thing.

If at the end of investigation, the prof is found guilty, he's doomed across international community even without being arrested.

As a young academic some years ago, I could still recall my PhD supervisor advised one day in his office. Prof started by saying sit down as his usual way to whoever that visits his office. Immediately i sat down, he asked me the students performance in which I told him about 30% of both the two cadre of post graduate students couldn't score 40%. He said, if about 30% couldn't score passed mark with your marking, what if I was the one that marked. He went on, go and add five marks to each of the students. After which, anyone who can't score 40 with that should come back next year.

He continued, you see this system we are can make or mar someone. One has to be very upright and watchful of his actions. If one chooses not to be contented and greedy, the system can rubbished the fellow. Whatever you do with students especially female undergraduate students shouldn't be in secret. They can be implicative. My boss for life is a mentor and father. Upright to the core.

If the OAU prof is found guilty, I wonder the kind of mentorship he has been given to his PhD candidates and younger colleagues.

prechbills1:
My fiance and I have been dating for the past 3years. I attained 24 last week, I wanted to get married to her last year but I just wanted to wait till I attain 24.

The problem I have now is my mom. She is opposing our marriage because my fiancee is 5 years older than me, I'm 24 while she's 29. My dad has already endorsed the marriage, I'd have liked to go on with the marriage but I don't think going into marriage without both parents blessing is sensible that's why I need my mom's blessing and endorsement.

My fiance has good character, she's very kind and intelligent, I can't afford to lose her because of pressures from my mom at least I'm an adult.

I don't know what's happening, my mom endorsed our relationship but she doesn't endorse our marriage just because she's 5years older than me. The thing is, I can't leave this lady ,not now not ever, she have done so many things for me.

in fact she even promised to provide 80% of the things needed for the marriage!. She is rich, yes she is, the house I'm in living in now belongs to her, I moved in with her in 2016.

The truth is I love her and I can't afford to lose her because of my mom's wish. Both her parents and my dad have given us go ahead for marriage but my mom still doesn't want me to marry because of age and my fiance is beautiful.

I don't know what do now ,that's why I think I need advice from you guys,.I don't know if I should go ahead with the marriage without my mom's endorsement/blessings.

please advice

Age is a number. However, age has varying effects on opposite sex in the future. While men tend to be younger, the reverse is often times the case for women.

Marriage is beyond friendship and dating. It's a life time institution where no one graduates even after series of examinations. Hence, one has to look inward before taking a decisive action.

Your mother could possibly have plausible reason (s) why she doesn't want you to say, "yes, I do". However, where I am not comfortable with her decision is because she acts like a two edge sword. She is okay for you to date her and possibly taking advantage of her wealth without minding the damsel emotion, but she's not comfortable for you to call her yours for ever. I call it wickedness from the pit of hell.

Cases abound where some men married women that are older than them. Of a truth, though not empirically verified, I for one believe that 95% of those women happen to be richer than those men at the point when they were saying, "yes, I do", just like your case in which the lady is accommodating you and even proposed to expend 4/5 of total expenditures for both of you to become man and woman. However, it is not a must that in the long run, the woman must be richer than the man. A typical example is the case of His Excellency and Her Excellency, Governor and Betty Akerodolu of Ondo State.

MrHistorian:
Lalasticlala.

Mynd44.

A rejoinder has been released by the UI VC. It's shocking to see Prof Olayinka write extensively on the accommodation fee hike but made no address to the primary cause of the protest - clinical training fee. Does the VC find the outrageous increase unjustifiable? Is he in short of words?

Anyways, the students have made known their grievances - they don't have 100k to pay. UI has collected a meagre sum of less than 20k as clinical training fee for years and heaven did not fall, infact they retained the position of one of the best school in training a medical doctor.

If the new VC finds it hard to manage the school effectively without a fee increase, he should resign and allow for a competent hand take on the position of administration with careful prudence.

Hahaha @ short of words. How could you call someone who has manned a position for two years, a new VC? Prof Abel Idowu Olayinka was a DVC to Prof Isaac Adewole, the present minister of health. Permit me to say that the present VC in the person of the distinguished geologist doesn't play politics like some administrators. He's not also economical with words. Hence, many people who are used to the Nigerian system might not appreciate him. However, the university community knows too well that he's a man of integrity to the core.

A man who prefer to drive within and outside the campus without any security. A man who sometimes drives alone with one of his rickety cars to students halls of residence on a surprise visit and engaged the students on discussion on their well-being.

You pointed out that Ui has collected about #20,000 over years as clinical training fee and heaven didn't fall. The reality is the value of #20,000 in the last 16 years of PDP government is somewhat more than #100,000 in the current APC led government. Borrowing from your submission, medical students of Ui can pay the said amount and heaven will not fall.

Long live Prof Abel Idowu Olayinka
Long live Ui
Long live Nigeria

MrHistorian:
Okay, is this you trying to justify the outrageous increase in the amount charged for a bed space in ABH? It's understandable, sir.

Just that you left my previous question unanswered : Do you lecture in UI? I have noticed your posts in the past and you definitely appear to be an academia.

I am not trying to justify the increment in bed space. However, if the truth must be told, the #14,000 charged per bed space in Ui undergraduate hall of residence is not plausible anymore given that the government has failed to make available funds to cater for the over head and maintenance of accommodation in Ui. I personally sympathized with indigent students. However, an average Ui student though will not want to appreciate the increase knows that the said amount can't get him/her accommodation at Agbowo, where they often lost their valuables to miscreants.

As for your question, our identity doesn't matter. However, if there's any legit information you want to know particularly in Ui, I can be of help where necessary. Or issues concerning undergraduate and postgraduate education in Nigeria.

ON THE PROTEST BY STUDENTS OF ALEXANDER BROWN HALL

We have just received the electricity bill for the period from November 2017 till March 2018 (5 months) for electricity consumption at Alexander Brown Hall (ABH).

The bill from the Ibadan Electricity Distribution Company (IBEDC) for ABH (including 5% VAT) for the five months under reference is #8,799,019.84.

When this is pro-rated for 12 months in a year, the bill for electric power supply from IBEDC to ABH would be #21,117,647.62.

Remember we still buy diesel for local power generation to ABH during periods of outages from IBEDC.

There are 630 bed spaces in ABH.

To settle IBEDC electricity for ABH, It costs the University approximately #33,520 per bed space per year.

Add to this cost of diesel + cleaning + routine petty maintenance.

Yet a student pays #14,000 per bed space per year. The massive subsidy is not sustainable, in my humble opinion.

It hurts very deeply when the Students we are supposed to be training in character and learning impugn our integrity and abuse us at the slightest provocation.

Kind regards.

Idowu Olayinka

MrHistorian:
Sir. . .Pardon my curiosity/inquisitiveness.

I will like to know if you lecture in UI.

ON THE PROTEST BY STUDENTS OF ALEXANDER BROWN HALL

We have just received the electricity bill for the period from November 2017 till March 2018 (5 months) for electricity consumption at Alexander Brown Hall (ABH).

The bill from the Ibadan Electricity Distribution Company (IBEDC) for ABH (including 5% VAT) for the five months under reference is #8,799,019.84.

When this is pro-rated for 12 months in a year, the bill for electric power supply from IBEDC to ABH would be #21,117,647.62.

Remember we still buy diesel for local power generation to ABH during periods of outages from IBEDC.

There are 630 bed spaces in ABH.

To settle IBEDC electricity for ABH, It costs the University approximately #33,520 per bed space per year.

Add to this cost of diesel + cleaning + routine petty maintenance.

Yet a student pays #14,000 per bed space per year. The massive subsidy is not sustainable, in my humble opinion.

It hurts very deeply when the Students we are supposed to be training in character and learning impugn our integrity and abuse us at the slightest provocation.

Kind regards.

Idowu Olayinka

Please and please, let's preach the message that it is more honourable to fail than to cheat.

Blue3k:
I don't remember the Akwa Ibom speakers full name. I know his last name is luke.

Rt Hon (Barr) Onofiok Luke

whitebeard:
I find it hard to respect (nigerian) lecturers, professors cause I donno..to me the only difference me and them is that I haven't read some certain textbook they have read, that's all not the difference in certificate that they would be making noise call me Dr..cause they now have PhD...I do ask our so called professors (ph.D) questions some of them would ignore me, some would give explanations that don't relate to the questions,.imagine this lecturer now, also see what's going on at UI cause they protested they locked them out of their hostels..even they themselves (VC, lecturers,, professor) don't care bout education, most of them probably got to that place through connection..!! Later they would be shouting the country is corrupt in class..!!..u would see them forming association fighting themselves...shameless people..!

You are entitle to your own opinion. To you, being addressed a Dr or Prof has to do with reading certain books. It's much more than what you can imagine. Why not attempt to ask someone you can trust, what it takes to be awarded PhD in Nigerian universities in particular. After which you will learn to appreciate whosoever that is addressed academic Dr (not MBBS kind of Dr. Lol), let alone Prof.

For your record, academics are humans like you. Hence, they are not expected to know everything. That's the reason for specialization. Unfortunately, in some instances, courses are not allocated in this direction more especially where there is shortage of academics. Nonetheless, that's not a good reason why any PhD holder shouldn't master all the courses in undergraduate programme of his/her chosen field. It's unfortunate anyway, that few are called into the respected profession.

The case of Ui medical students, you shouldn't cry more than the bereaved. Do you know how much students pay in state universities such as Adekunle Ajasin University Akugba? Abia State University, Uturu? Imo State University Owerri and the likes? Also are you aware that a junior registrar (first appointment a medical Dr gets after house job) earns somewhat around #300,000 monthly with Federal Ministry of Health? How then, do we reconcile a situation where Ui medical students will be paying sch fee of somewhat #30,000 as medical student when the per unit cost of training a medical student is much more than that. How do you want the national patrimony, the first and the best university, popularly known as Ui with the best man power you can think of to be sustained?

Jascon4:
Whether she made the proposal is not the issue. The point is, a professor got easily enticed and gave in to the perverted and immoral desire to sleep with a student whom he is supposed to mentor, counsel, guide and tutor. It is just unequivocally wrong.

Agreed! It's so unfortunate what the society has turned into these days more especially in this era where social network has adversely affected students academic performance.

I am not here to exonerate the prof but if the truth must be told, every human has different level of resistance to crime, be it sexual pervasion or the rest. Indeed, the prof is a human and none of us could attest his level of resistance. We can only boast of our own and not even that of our compatriots, colleagues or brothers. As an insider in academic environ, I want to categorically say that most of the sexual pervasion on our campuses are initiated by female students who either want to have sex with male lecturers for marks, fame or money. Unfortunately, lecturers are hardly disposed with money to the point of leveraging it on sex.

During my NYSC several years ago when I was for the first time to officially be assigned courses to lecture both HND and ND students, as if I knew before what I was about to faced then, I decided that I must maintain my integrity and etiquette on the job. It wasn't only shocking but I couldn't still believe how some of the female students approached me on the premise of ready to do anything for marks. I could recall one of them insulting me when I said "No". She even reminded me the day my mother gave birth to me. That I shouldn't feel as Mr Lecturer. That I am a common corper wee. Lol. Sincerely, I couldn't wait for the NYSC year to be over to leave that Polytechnic. I saw a different academic environment in relation to where I was trained.

Today, when I look at the rate at which nepotism has taken the order of the day in employment of young academics in our universities and polytechnics in relation to some wayward girls on our campuses, I weep for our country..

Samexdx:
Somebody should please explain to me(us) in laymans language

There's nothing like lay man language. All the jargons are economic terms. You can educate yourself using Google without necessarily being an economist. However, where debates arise more especially as each of tne terms affect macroeconomic variables, well grounded economists discussion will be better appreciated.

givan:
I'd call this stupid! The economy is down. Reduce your lending rate to enable business get access to capital and boost production.

If businesses boost production, more people would be employed and the economic cycle would grow.

Clueless cow government.

For your record, two or more macroeconomic objectives cannot be achieved simultaneously in the short run. You did mention that MPR should be reduced in order to accelerate investment via production. It might interest you to know that it doesn't work as easy as you think. In addition, our economy is consumption dependent and not the other way round - production. Hence, reduced MPR will rather stimulate consumption rather than production. And it will also triggers increase in consumer price index (CPI) which will impact negatively on the welfare of Nigerians.

In addition, it will adversely affect the government's ability to raise fund through FGN Treasury bills. The effect of this can be very disheartening considering that there are several investors who are waiting to lay claims to their initial 91, 182 and 364 days investments or purchases as economists rather prefer to call it.

Permit me to say that members of MPC are professionals in their various fields of endeavour. For instance, Prof. Festus Adeola Adenikinju of the department of Economics, Ui and Centre for Petroleum Economics, Energy and Law (CPEEL), Ui is a man of many parts. He has served in several positions of authority.