Obailala's Posts
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Davinity:One person above called him 'southern slave', this one is calling him 'puppet'. What is wtong with siting an institution in Daura and how does that make Amaechi (an appointee/employee of the president) a slave or puppet? If he's a slave/puppet, what does that make you? |
Cherez:I didnt say our scientist shouldn't work on developing new improved seedlings when needed, but if an improved variety already exists, what's the wisdom in re-inventing it? Every country buys improved seeds so what's wrong if Nigeria does same? There's no wisdom re-inventing what already exists. If there's a special type of sweet mango in Germany for instance, if we need this mango variety in large quantities in Nigeria, the economic and commonsensical thing to do is to take the seed from Germany and grow the tree in Nigeria. You don't need to start the engineering process afresh for something that already exists; you arent trying to impress anyone. That effort can be spent engineering something else. |
Cherez:My point was simple - we want to produce a particular kind of nutritional grass variety that could help improve livestock production. There are 2 options: 1. Take the seedling from brazil, and plant it widescale in selected reserves in Nigeria, thereby producing as much quantity as we want here at home (this is just the same way Malaysia and Indonesia took palm seeds from Nigeria some decades ago and are now producing more palm produce than we). 2. Go into the lab and start doing bio-engineering to produce the already existing seeds. You said Option 1 wasn't economical, but I disagree with you; Option 1 is clearly the more economical approach to producing what we want in a short space of time. I didnt say it wasnt a good idea for our scientists to work on improving the varieties later, but in the time being, the more economic and time friendly approach was to take an existing seed and plant it. You obviously keep sounding as though the grass is to be imported for consumption, NO the seed was to be imported for planting. |
Cherez:With the bolded part of your post above, you've shifted the goalpost by agreeing with me that it makes no sense to re-invent what already exists; it only makes sense to 'improve' on it. For you to improve or 'harness' something which already exists, wouldn't you acquire it first? From what I gather, you claim it was "backward mentality" for Nigeria to buy for example, the flood resistance rice variety which has facilitated the rice cultivation boom in the last 6 years? Your point is that we should have developed or "manufactured" the improved seedling from scratch, and that is probably what will make us a modern society. Oga, no modern society re-invents what already exists, especially in agriculture - it would be pointless and in fact silly. Agriculture is different from manufacturing, so stop this your innoson example, Innoson is producing cars, not 'inventing' cars. In agriculture, the way to produce is to stick the damn seed in the ground. Stop trying too hard to win an argument that doesn't exist man. Like I said in my original post which you initially disagreed with, there is absolutely nothing wrong with buying improved seedlings to cultivate in your farm. If you want to later improve on it through bio-genetics or bio-engineering, that is a totally different kettle of fish, a different topic of discussion here. |
Cherez:Hahahaha... So you think you can just get a machine and start manufacturing improved seedlings overnight? You think say na robot or vehicle you dey produce? This man thinks it's all about genetically modifying a seed in a lab. Funny! Oga, there is no economic sense in re-inventing the wheel; go and educate yourself and stop embarrassing yourself with these arguments. There is no sense whatsoever in re-creating what has already been created, unless you want to improve on an existing creation. All you need do is to pick that which has been created and reproduce it, or you can improve on it if you need to; no need to re-create from scratch. In agriculture, the simplest way to do this is to take an engineered seed and stick it in the ground to produce 10,000 engineered seeds. |
Cherez:I wasn't really wrong when I said total debt stock in June 2015 was ~$65bn. Go back and read that report you posted again, it says the total debt was N12.12 trillion. In June 2015, the official exchange rate was N197/$, that makes the N12.12 trillion roughly about $61bn. May i tell you something interesting? There's no doubt that our national debt is disturbingly high currently, but the way the whole world blames it on Buhari lately is total political bull crap and just a result of sensational/irresponsible journalism. In dollar terms, PMB has borrowed as much as his predecessor. But when you convert it to Naira, it gives you a shouting headline "12 trillion to 25.7 trillion in 4 years!!!" The exchange rate differentials between 2015 and 2019 is the reason for this popping headline. If it's all in dollars, PMB met a total debt of ~$61bn and the total debt is currently ~$83bn (or even $71bn if we convert with N360). A lot of people misunderstand the debt statistics due to our irresponsible journalism. Even the dollar explanation you gave is flawed cos truly GEJ messed up but PMB has a lot of blame to take for it due to his bad policies, delays in action and being selfish.We all agree that PMB flopped in handling the forex crisis in several areas, but by saying that my dollar exchange rate analysis was wrong, are you by any chance insinuating that the Naira wouldn't have also crashed if GEJ was to have continued in power? The oil price crash officially began in mid-2014. Are you aware that between September 2014 and May 2015 (when GEJ left), up to ~$10bn ($38bn to $28.6bn) was withdrawn from the foreign reserves to defend the Naira from crashing due to the falling oil prices (I can direct you exactly how to verify this info in the CBN website if you desire)? Are you also aware that as at May 2015 when GEJ left with his team, oil price was still over ~$60/barrel? So despite the fact that ~$10bn was used to defend the Naira in this period and despite the fact that oil still sold for above $60/barrel, do you recall that the Naira still crashed from ~N160/$ to about N230/$ in the parallel market before GEJ left office? This was even with GEJ's 'powerful' economic team. So if GEJ's 'powerful' economic team couldn't stop the Naira sliding down despite the over $60 oil price and ~$10bn pumped in from the reserves, let us be very very very very very honest here, what magic did you expect a dullardino Buhari's own team to perform when oil prices even crashed further to as low as $28/barrel, and when the reserves were critically low to permit further withdrawals (i.e. zero funds available to defend the Naira)? |
Cherez:Bro, does May 2015 and November 2015 sound or look alike in your ears or eyes? How can you provide a news report saying "$30bn in November 2015" as your evidence that my May 2015 figure was wrong? Meanwhile when I mentioned $28bn was in the reserves, I was only giving an approximation based on what I recall, not exact figures. But since you're trying too hard to play smart, the exact figure as at May 29, 2015 when PMB took over was $28.6bn. Thank you very much for the link you provided, you saved me the energy of googling anything cos that very news link you provided actually mentions $28.6bn (see screenshot below), but because you obviously were in a hurry to respond, you read only the report title (as typical Nigerians do) but couldn't be bothered about the actual content of what you posted; shame!
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LabDNA:Why will we all be in prison? did you post any false or misleading information that led to the death of anyone? Don't know about you, but I for one will not be in prison cos I dont go about irresponsibly spreading deadly falsehoods which can cost lives. |
Cherez:Lol... you must feel an inner push within you to just oppose and criticise everything right?... You want to re-invent the wheel abi? Do you know it could take decades of breeding and cross-breeding to produce for example, a flood and pest resistant maize seedling? Not to talk of the possible millions spent in the research and development. Now the improved seed is in the market for N10 from Agric ministry, but instead of simply buying and cultivating and getting a bountiful harvest within 2 months, you want to spend probably 10 years 'making' your own version of the improved seedling because you think you are doing who? ![]() |
lexy2014:It was part of the plan when they intended to establish 'grazing reserves' I believe. The idea was to get improved seedlings (just exactly as was done for the flood resistant rice variety) and then grow them in Nigeria (in the grazing reserves). I dont think the plan went through because the grazing reserve initiative itself was roundly rejected. It's just annoying reading people still twist the story even in 2019 saying they wanted to import grass to feed cow; heck! we know the govt is unpopular, but how exactly is peddling false and twisted narratives the best way to criticise govt? |
lexy2014:What exactly increased by 2000%? I dont think I understand what the reporter meant by 2000% increase. I assume it's either a mistake or a deliberate attempt by PUNCH to mislead the public with a screaming headline to attract readers; Nigerian journalists are notorious for this. Modified: I just did a quick google search and the first result I got on 2018 subsidies was this report below from PREMIUM TIMES saying NNPC incurred under recovery/subsidy of N65.9 billion in November 2018. https://www.premiumtimesng.com/news/headlines/302848-fuel-subsidy-how-nnpc-incurred-over-n623bn-cost-in-2018.html PUNCH today reports a contrary figure of N2.87 billion, which apparently means it increased from N2.87bn in Nov18 to N60.37bn in Nov19 (i.e. the 2000% increase). Oil price in Nov18 was ~$60 and was ~$56 in Nov19. Which of these set of figures do we follow? PT or PUNCH? You see what I mean when I say our journalists are as useless as our politicians when it comes to screwing our heads? Journalists know Nigerians only read 'sweet' headlines. |
Cherez:Did Nigeria's reserve not drop to $28bn in May 2015?... At that same time, was the country's income not at an all time low? Did Nigeria not have a total debt stock at that same time in 2015 of over $65bn? Debt and reserves (which is more like cash-in-hand), are they the same thing in your understanding of economics?... Please I desperately need an answer from you, what exactly is your point? I corrected some flaws in a person's argument and you jumped in from nowhere attacking me and saying I'm defending a bad government. But by dishing out fake statistics, poor logic, and/or ignorant comments, how exactly is that the best or noble way to criticise bad governance? Doesn't that make a person even as useless as the useless government being criticised?... Whatever happened to criticising with sound logic? Is tha beyond your capacity as a human? Like I said before, I wasn't holding brief for any of our useless leaders; I was only trashing some false comments laced with twisted logic. If simply putting out facts or correcting an erroneous belief is what you call 'defence' or 'support' for a govt, then so be it. |
Cherez:Hear me and hear me well! There is absolutely nothing wrong with importing improved seedlings for cultivation in Nigeria. That is what happens in modern agriculture practice all over the world. For months, it was explained and re-echoed that it was grass 'seedlings' for cultivation, but compulsively ignorant fellows continued to twist it saying Nigeria was planning to import grass to feed cows. If you choose to fall in this category of humans peddling ignorant rubbish even till 2019, enjoy yourself. |
Cherez:The only descriptions I made about our leaders in my earlier post was that our leaders were 'useless'; I didnt exclude anyone, I wasn't holding brief for anyone, I never praised anyone in my post. So you cant blame me for your poor comprehension of my point of view. I was only explaining the reason why Nigeria was still paying subsidies even though pump price had been increased to N145. After mentioning the Naira value crash being the primary reason subsidy was still being paid despite N145 pump price, someone dropped a crude political explanation as the reason for the Naira crash. My last comment which you quoted was me trashing the fellow's shallow Apc vs Pdp political explanation. |
Cherez:The truest daft one is the person who reads A, understands it as B, and begins to throw insults based on his obviously poor comprehension skills. FYI, nowhere in my post did I mention or defend anything about the increased quantity of consumption, that is another kettle of fish. Learn to look before jumping to conclusions like a frustrated wife. I have always said it that increasing consumption 'quantity' is the only area where there is no explanation and obviously fraudulent; if people were smart in Nigeria, that's the only area the arguments should be focused on, not the "fuel is N145 so are we paying subsidy?" shallow question which people always raise on these threads. Next time if you want to know my opinion, ask me! before you run ahead of yourself assuming you know what my opinion is. By the way, you said the current govt is paying over 200%. 200% of what exactly? Where do you cough out these figures from? |
1nigeriamyfoot:Oh your argument is no longer "Buhari is stealing subsidy"? It has now shifted to "buhari is the one that crashed the Naira"? This is a typical example of what happens when emotions and foolishness is placed before logic. Meanwhile when you and your countrymen have an inordinate appetite for imported goods, (including imported toothpick) in a country that depends on only one source of income (oil), the currency crashing at every oil price shock becomes inevitable especially when your useless leaders do not have the foresight and discipline to save sufficient funds in its foreign reserves. Buhari isnt the one who made Nigeria to depend only on oil, neither is he the one that forced you to kill all your refineries thereby spending 60% of its forex importing petrol and kerosene; PMB isn't also the one who depeleted the reserves making it impossible to defend the Naira when the oil crisis was critical. FYI, the Naira's value has progressively devalued under every single regime. When OBJ entered, Naira was less than N80/$, when he left it was about N120-150/$. When GEJ entered, despite unprecedented oil income, Naira still crashed from N150/$ to N230/$ in the parallel market. The entire crash under GEJ happened in the last few months due to a sudden oil crash despite desperate efforts made using funds in the reserves to defend the Naira. The oil crash worsened and persisted after PMB took over and at the time he took over, the reserve was critically low to permit further withdrawals to defend the Naira. Only a fellow having boiled indomie in place of brain cells would have expected magic to have happened for the Naira not to crash... Nuff said! Now quit blabbing out off point let's go back to the topic of discussion |
CSTR2:What exactly increased by 2000% ? From what price to what price?.... Are you sure you understand the report you read? Meanwhile regarding the currently fallen oil prices you talk of, in 2012 when exchange rate was N150-160/$ and oil price was ~$100, landing cost of imported fuel was N145. Now exchange rate has doubled to N305/$ but landing cost of fuel is still under N200. Can you not see that that is a result of the low oil price? |
CSTR2:There's a simply economic explanation for that; when pump price was N97, the actual import cost was about N145. Now fuel sells for N145 but the actual import cost floats between N165 - N200. Oil prices and the exchange rate which has doubled (N160 - N305) are the core culprits why subsidy is still being paid despite the N145 pump price. The above logic is only complex when we mix emotions and economics. 1nigeriamyfoot: 1nigeriamyfoot:The real daft 'Zon B' is the one who doesn't know that exchange rate which has doubled between 2012 to date will also double the import cost of fuel. |
ajalawole:It's not even about the stealing, it's simple logic; fuel cost more than N145 per litre, so if the pump price is fixed at N145, someone (govt) has to pay the difference. |
ednut1:Even with dangote refinery in full operation, subsidy payments would still continue else he will sell fuel for N200 to have to recover his loan. |
Hmmm.. an interesting turn of events. Ajeku iya master finally gets back to the streets to meet Akpabio whom he mocked. Oh sorry I forgot, Akpabio actually isn't even on the streets anymore. Dino's mouth has just brought him down; he will be missed. |
How exactly does that joke translate to 'justifying rape'? Frustrated people always looking for who to pull down to their depressed level in the guise of activism and correctism. Hopefully they feel fulfilled with their achievement now. Congrats to them! |
CapitalHYC:On the contrary, there's a lot of scammers out there who do the unthinkable and mask it with fake newspaper links or screenshots. The caption up there was poorly written, not a single mention of who is offering the so called scholarship or any details of the scholarship. The claim of 'searching' for the boy and asking people to come up with 'legit' info is also wierd; the boy is from FUTO, how complex is it to place a call to the school or department to seek the boys info? You cant blame anyone for questioning the authenticity of stories that fly around Nigeria's social media space. |
TonyeBarcanista:No they said it's only Yoruna women he doesnt shake. Nothing wen Musa no go see for gate ![]() |
MelesZenawi:What exactly did Vanguard write? That they are searching for the boy who built 'airplane' so they can take him to united 'State' of america? They couldn't go to FUTO to ask of him, they rather had to come online to post a pidgin English missing person advert for those with info on the boy to come forward? Which educated person looks at that image up there and actually believes it's from Vanguard newspaper? Smh! |
Ctorch:Who offered the scholarship? What's the source of this info? |
Another meaningless occurrence for people to talk about. |
With Nigeria's massive infrastructure deficit, it's not a bad idea of we borrow a bulk sum to finance a massive infrastructure upgrade (i.e. power system upgrade, road, rails, seaports); most of these things can pay off the debt in no time if they're managed well. But the only problem is, will the funds be used for its intended purpose? Also, will the new infrastructure be managed properly to be able to pay off the debt? Knowing the kind of useless leadership we've always had in Nigeria, it's difficult to trust the govt with this sort of gamble. |
VirginSearcher:Realest MVP right? Besides fighting with Buhari, fighting the ruling party which actually took him to the Senate and padding budgets with flimsy constituency projects, can you please mention any examples of anti-Nigeria policies which Saraki successfully stopped or any meaningful laws which his Senate enacted? Whilst at it, besides Magu (who we all know was for selfish reasons), can you also mention the appointees which Saraki's senate disqualified which makes you set him apart from the current senate which you tag 'RUBBER STAMP'? A lot of people just loosely assume any senate which fights with the executive is a good one, especially when it's an executive they love to hate. |
Guyman02:And why are you so certain the 978 released yesterday arent actually these innocent people held in military custody for ages? Why are you so convinced the military would freely release terrorists and continue to detain innocent people? Could it just be hatred and distrust for govt fuelling this reasoning? https://www.nytimes.com/aponline/2019/11/27/world/africa/ap-af-nigeria-boko-haram.html
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Decolonel:Just curious to know who this 'THEY' is. |
Im very sure Oga Onyema does not know and did not send this one. Charge and bail bro wants to key in quickly for some favours. |
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