₦airaland Forum

Omo... this shiit is returning with a big bang! Be careful people!

Blakjewelry:
Nope you read but you lack reasoning power. Why not say 3% to oil producing states nationwide? You I bet you didn't realize that 30% has the potential to exceed the 3% to the oil producing states depending on how large the reserve is, and from the report, there is a huge deposit there.

If oil is found in a new basin, then it's no longer a frontier basin for exploration, so the 30% thing ceases to apply.

chloride6:
Okay Kyari...

Take 3% for mining and give us 30% for host community..

End of discussion abi?

Mumu man..

"Take 3% for mining and give us 30% for host community"

This your above suggestion can best be described as the disastrous consequence of ignorance. You obviously havent read the report or just lack the capacity to understand it... This was how the white men of old cheated some of our illiterate African forefathers, who would always dive at 30% thinking it was bigger than 3%; they simply didnt have the wisdom to ask the valid question '30% of what?'

3% for host communities may be small, and 30% for frontier development may be too much; but definitely, when placing the outcome of both percentages side by side, 3% of the operating cost of oil companies has clearly always been larger than 30% of NNPC's profits. Hopefully you now see why your above suggestion will be a disaster?

cc: sunnnnyuu

okefranci:
You called someone a comedian and you expect him to have brain,no way he's under hallucination

Comedians actually have brains, very functional brains! But I cant really say the same for this Okefranci fellow who thinks a career in comedy automatically means the individual is stupid

McOluOmo:
Alex is not a real niggarrrr
Girl wey him supposed don nack ham belle tey tey

Guys wey no get girlfriend get peace of mind

So a real nigga is basically one birthing bastard children all over the place?

This story get as e be. From the title, one would think the man's death had something to do with Yusuf Buhari.

Omo this one make me laugh...

Zenithpeak:
The truth is some of us has a larger capacity brainpower to analyse issues of national interest without fair or favour.

The questions are:

Does the article sounds like a hoax

Does the bizarre "sovereignty clause" included in writing and signed off by the representatives of Nigeria government

What happens if we failed to pay back as agreed

Does the Chinese reserves the legal right to seek injunction in international court for the ratification of such clause in the event of our inability to pay up as agreed

What's the desperation all about

Is there any possibility of the project becoming abandoned or failed by greed of men or force majeure

Why should a learned person saddled with responsibility of making choices for people signed these kind of contract and claimed he never aware of such clause in the said contract papers

Are there alternatives for Nigerians to boycott the usage of the said train if they felt the fares are unbearable for their personal income level ........... which is already the case in those areas where it is being test run and also ticket racketeering activities are prevalent.

Nigeria government does not have financial integrity and will shamelessly beg for debt relief rather than paying up their debt.

For the records: Chinese loan is just one out of numerous loans Nigeria is servicing on monthly/annual basis... Which means the principal is intact while, the attendant interest in milking our economy dry on regular basis. How long do you think it will take to be out of these vicious circle

I never expected any response from you because you are not among those that signed off our posterity into Chinese slavery and you may not be around to witness it though you are sympathetic to their cause........ But does it really worth it

Enough of all these 'sovereignty' hullabaloo and nonsense; what's the value of the so called sovereignty?

Like I said before, what sort of human takes a loan with a clear intention not to pay back? What sort of human takes a loan he doesn't intend to payback, and then is angry because the asset he acquired with the loan can be repossessed by the lender? What sort of toxic beggar does that?

If we cant payback, then the Chinese should take over the damn railways; it wouldn't stop ordinary Nigerians from still making use of and enjoying the trains. In fact, the trains would even be managed better in control of the Chinese than what we have currently, so why exactly should I lose sleep over this?

Nigeria currently owes China less than $5bn, is that an amount we cant pay back in 20 years? Why's there so much focus on the CHinese loans and no noise about other foreign loans which run into several tens of billions of dollars? What's really the noise about sovereignty and even the repeated use of the phrase 'Chinese Slavery'? You see how you've been caught by sensationalism?

So if China operates a rail it built in Nigeria with its own money, that automatically amounts to Nigerians being slaves to China? THat's what you want me to be worried about right?... When an outsider hears the sensational use of the words 'sovereignty' and 'slavery', one would even think the Chinese would be taking over Aso Rock.

Abeg make we rest!

Zenithpeak:
I trust you can read and assimilate very very well... This article will answer some of your numerous questions.

https://dailytrust.com/chinese-loan-selfish-lawmakers-have-put-nigeria-in-jeopardy-amaechi

Nigeria is truly in jeopardy

I can read and assimilate very well, but the big question is, can you analyse beyond what you assimilated? Or you just fall for the sensationalism?

How exactly does that article invalidate what I said earlier? The question I asked earlier was, "how much do you think Nigeria currently owes China?" Nigeria currently owes China less than $5billion, and Nigeria's got over 20 years to pay that off. Is that amount really worthy of the noise and paranoia being spread around about sovereignty?

On the flipside, why should anyone in their right mind even take a loan with an intention not to payback? If the Nigerian govt is stupid enough not to payback, then the Chinese should bloody take over the assets. If there's anything I know too well, the new railways and remodelled airports would certainly be managed better and would be more beneficial to ordinary Nigerians if they're run by the Chinese.

Zenithpeak:
Does Nigeria resemble a sovereign nation for you eye

Wait until China comes to take over what belong to them.

Where do people even get this weird assumption from that China can take over Nigeria? How much do you think Nigeria owes China currently?

Funny how several folks here keep saying "we dont want it! we dont want it!!" as if to say someone was offering it to them. Who gave you the impression it was brought for you? The doses aren't enough for those who even want them.

Lol.. this has to be the most irresponsible, stupid and divisive headline I've come accross in a very long time

Iceman2017:
Honestly, this will in one way affect us in Nigeria expecially those in northern Nigeria. Talibans and Bokoharam or iswap have the same agenda which is to islamize everyone.

They want islamic control state. Who knows the reason behind this recent surrendering of Bokoharam. It might be another strategy to infiltrate into Nigerian army or system.

Talibans will empower and motivate this already problem we have here.

To be honest with you. The world will regret American decision to remove Trump. Talibans will spread their missions to other part of the world.

But I thought Trump started the process of withdrawing US military from Afghanistan, so how exactly would this have been different with Trump?

dre11:
Tinubu, Aides Angry With Buhari, Presidency For Releasing Pictures Showing Ex-Lagos Governor With Walking Stick



http://saharareporters.com/2021/08/13/exclusive-tinubu-aides-angry-buhari-presidency-releasing-pictures-showing-ex-lagos

Nigerian politicians sef; what's the big deal about having a knee surgery and why must they desperately keep it a secret?

What's the big deal about a person who did a knee surgery using a walking stick till full recovery? Even a 20year old youth who goes through a similar process would use crutches. What's the whole hush-hush all about?

Listening to the recording (which I'm certain most people here didnt bother to do), I dont see anything wrong which the man said.

How I wish pressmen will follow up this case. Cos you can bet your last dime, this nigga would disappear from detention in 48 hours.

HonNL:
I Don’t Know Why COVID-19 Didn’t Kill President Buhari – Adamawa APC Chieftain

Buhari has achieved nothing in Adamawa in the last six years. APC in Adamawa thrives on the legacies of Bindow. We heard that Buhari used to be extremely happy whenever he learnt someone has gone bankrupt. We can’t be worshipping him like others,” Mr Sirimbai said.

SOURCE

optionalY09:
It’s most illogical to deprive people of fundamental human right and want to function as human. What is the importance of going out everyday and living like a slave for over 100years. If seating at home will make us free from slavery we are ready to double it, we’ll seat at home for 2months

Why force those who arent interested in your struggle to abide by your own choices? Isnt that the same tyranny you claim to be fighting against? What's the difference between the IPOB ideology and the tyrannical system you claim to fight against if you brutally force fellow Igbos to abide by your bizarre orders? If fellow Igbos can be brutalised and their businesses destroyed for not sitting at home, God knows what will happen to eastern minority tribes if Biafra is actualised.

The african story never changes; from one bondage to another.

Shebi na so we wan do the Biafra? Idiots!

EKONGKING:
These people will still vote for APC ,the elders of the community will dine and dance with their oppressors .
The soldiers from the community,will always follow the command of their oppressors and shoot southerners resisting fulani herdsmen .while online educated fools of the community ,support the evil ,when its favouring them.

If these people can't organise themselves and revolt against oppressors ,I can't see why southerners should worry about them.

People just sit in the comfort of their homes dropping insensitive and thoughtless comments... What makes you think these people haven't been revolting for decades even before you were born?

And then you bring in ApC/PdP politics because in your understanding, the southern Kaduna crisis started in 2015 right? Even in the last election, the PDP candidate was also Fulani, so what exactly is the point? By the way, do you think the people of southern Kaduna have the population and political strength to influence elections in the state?

Maduka - OUT!
Soludo - OUT!

Naija I hail!

TruthinAction:
You still don't know where you are. Your government doesn't have your interest at heart. If they do, our refineries would have been working by now to full capacity.

Hmm... You've been repeating this statement over and over again "Govt doesnt have you interest at heart" and I keep wondering, what's the relevance / connection between this statement and what I said about 'large projects spanning longer time periods'? Or did I directly or indirectly mention or imply anywhere that the govt had your interest? Is that what we're talking about? Why do you keep repeating the statement to me?

You are talking about building infrastructure when old ones they started are being abandoned. I am not against infrastructural development but let's maintain and complete the ones we have first. They should fix the power issue and declare a state of emergency in both security and Petroleum Industry.

Our youths are into banditory and other criminal acts because there are no jobs and foreign companies are afraid of investing in this country because of power and insecurity.

Michelin left Nigeria for Ghana because of power issue. The same with Dunlop. How long are we going to continue.

Thank God these are written (not spoken) conversations. Please kindly point out where I mentioned in any of my statements that govt should start new projects and abandon old ones? Last time I checked, I've been hammering it to you that the only way major critical economically viable projects can be completed is through continuity, i.e. the new govt taking over and continuing / completing old projects initiated by their predecessors. You see why I say you're being inconsistent?

You keep insisting govt should focus on important issues like power and security; but whilst power is important, it does not water down the importance of having a robust road or rail infrastructure, and neither do these invalidate the urgent need for a revamp in the educational and health sector. You cant expect everything else to be abandoned while govt is working on power.

Our leaders are thieves. They will not give priority to what should be given priority but do only those things they will get a lot of gains from.

Even a toddler in Nigeria knows our leaders are thieves, but like I mentioned above, the need for functional power infrastructure does not invalidate the need for a robust transportation sector. Meanwhile talking about the rails, this is actually one sector the leaders can't exactly steal from cos the loan funds for the rails (unlike every other sector) is not passing through the hands of Nigerian politicians. So what exactly is your case?

TruthinAction:
You are a novice in Nigeria politics. When the they first award the East - West road? Has it been completed till date. There are no projects that can't be completed within eight years period. It all depends on the manpower and capital investment in it.

Besides, is it our priority now? All our refineries are down. The power sector is not working. The level of insecurity is something else. If we have that much money, why not invest it on these areas I just mentioned?

The earlier you know that these set of politicians don't have your interest at heart, the better for you. They are just looking for ways to make money out of most of these projects. What happened to the Ajaokuta steel complex? When was it started? Has it been completed till date.

Huh.. What exactly are you talking about? You're beginning to sound like someone ranting inconsistently and losing focus. What do you mean by political novice? You want bridges to be built overnight?

I told you that large projects take time and money and great political will; the examples you gave (i.e. Ajaokuta plant, East west road, power projects, Lagos Ibadan road etc) are all very sound examples to buttress the point I made to you earlier about big projects needing time, massive funds and political will, but that was just too much for you to comprehend wasn't it?

Nigeria desperately needs infrastructure in form of roads, rails, refineries, power plants, upgrade of power transmission and distribution infrastructure, hospitals, education etc. Contrary to what you might be thinking, these projects are all important and need to be developed concurrently, and since the money to complete them all isn't readily available upfront, it invariably means the projects will be executed slowly. Point being made is that major projects span different tenures.

TruthinAction:
I didn't say so. They have eight years in office. They should start long term project earlier and not at the tail end.

Long term projects that will be completed in 8 years?... Bro, real big projects typically take longer; the only way feats like that can be achieved, especially in an infrastructurally deficit and poor nation like ours is 'continuity'.

Big projects require big planning, and coupled with the excruciating bureaucracy the Nigerian system is plagued with, it's virtually impossible for a new president to get into office and start a major project immediately (regardless of how eager the president is to bring the project to life). In effect, the first 2 - 3 years will be used for planning, and the remaining years for execution. Even in other parts of the world, when you hear construction of a huge project started and finished in say 3 years, what they dont tel you is that planning was going on for 5 years prior to that.

In the anigerian case, besides the fact that there would typically be paucity of funds (cos many other critical projects are competing for the same limited budget), many other inevitable factors delay huge projects. Even Dangote who is a private establishment and who isnt plagued with the typical govt bureaucracies or paucity of funds, has been trying to complete a single refinery since 2012.

In a nutshell, what I'm trying to say is that the only way mega projects can be completed is through continuity.

TruthinAction:
No government should start any project they can't complete in their tenure because it might be abandoned by the next government. Why not use this money to fix most of our federal roads first that are in very bad conditions?

We also need industries for Job creations.

The FG should declare a state of emergency in the Petroleum Industry and power sector. This money can build four new refineries. Steady power is needed for development.

Meanwhile, most of these projects are over inflated and designed to make themselves rich.

In that case, the FG should just be building only classroom blocks and patching highways cos more serious projects typically span several tenures.

ebuk4real:


And that's the exact amount to be pocketed by these crooks. I can stake my left hand that nothing of these will see the light of the day.

Like the op before me said, use this money rather for the viable, tangible & immediate impactful projects like the sea ports & we will know how serious these politicians are.

Bunch of idiots

The rate at which everyone just becomes overnight experts in developmental economics is baffling. The coastal railway will connect all seaports in Nigeria but according to you guys, seaports are important but a railway to ferry bulk goods to the seaport is an IDIOTIC idea? Wow!

From tailor to debt collector...

Coronavirus84:
E no go better for you Jega. You foolishly put us in this mess up in the country by manipulating election result for Buhari and you are telling us rubbish now

All these ever wailing PDP supporters. How did Jega make ApC win? Was he the one that cast millions of votes? Or he should have probably rigged the election for PDP and that would have been a noble deed right?

Hmm... I never knew DCP Abba Kyari was a political appointee of the Buhari government.

What exactly is Reno's obsession with this Kyari guy even about? Some fellows have even turned the Kyari matter to politics of APC vs PDP; never knew before now that Kyari was a politician.

tonyashburton:
One airforce base in the US can boast of more aircraft than the entire Nigeria Air Force has in its inventory.

..and so?