Occam's Posts
Nairaland Forum › Occam's Profile › Occam's Posts
1 2 3 4 5 6 7 8 ... 17 18 19 20 21 22 23 24 25 (of 27 pages)
Kobojunkie:In all this discussion, Nigerian govt never answered this question. This is one of the reason we can never trust all the figures pumped out daily by Iweala |
abbey621:I suggest you get off your soapbox and discuss the key issues about this oil subsidy: Issue 1: [/b]Govt asserts that [b]some [/b]of the N1.4 trillion spent on oil subsidy is lost due to corrupt practices in the subsidy regime. Why not go after these corrupt minority instead of passing the cost on the vast majority. A responsible government will act in the best interest of the masses and not shield their corrupt buddies in the oil industry. Some petroleum experts and economist still dispute the number put forward by Iweala. [b]Issue 2: Increasing petrol pump prices will not yield tangible benefits as long as supply bottlenecks (decaying infrastructure, bad roads, lack of power etc) persist within the economy. This is a very counter productive move. Issue 3: Nigerians do not trust this government to spend any money saved wisely. Anyone that seriously believes this government to act prudently is surely living in cloud cuckoo land. Besides, most of the contracts for projects will be awarded to their thieving buddies. Issue 4: This government does not understand the real impact of petrol price increase on the economy. Did they undertake any assessment of its the impact on overall economic activity and living standard of Nigerians? Sanusi & Iweala (Nigeria's economic brain trust) claim that subsidy benefits mainly the middle class driving jeeps around Lagos. Really? |
abbey621:Living in a rural Georgia town perhaps clouds your understanding of the issues confronting Nigeria. Corruption in the oil industry is the real culprit and GEJ has to confront it. Jacking up the price of petrol by over 100% is a shallow approach that will result in unnecessary suffering and impact on economic activity. Too many small businesses, people living on the margins, rural dwellers and urban low income earners, will bear the full brunt of a sudden jump in petrol prices. Responsible governments do not act this way. Gradual removal of subsidy spread over 5 yrs while developing mass transit and other infrastructures is a smarter approach. Right now, power supply is now in the back burner with all these palaver on oil subsidy removal Asking someone on N20, 000 per month to bear the pain while N1 billion will be spent on feeding GEJ and his family, underscores the folly of leadership in Nigeria. |
[quote author=ekt_bear link=topic=838429.msg9891723#msg9891723 date=1325664418]BTW, lest anyone try to tribalize this. . . There are several other prominent companies (including Capital Oil) who also make money from the fuel subsidy. Everyone enjoys making money, regardless of tribe. So let's not use this to say that one group is holy and another is not.[/quote]Posting a shallow write up by the Economist does not mean Nigerians after to accept this removal of subsidy. The real problem is corruption in the oil industry which GEJ is afraid to tackle. Even the Economist article that you referenced also pointed this out: "The subsidies also highlight the tortuous ways of the Nigerian National Petroleum Corporation (NNPC), which has deliberately overestimated the cost of importing refined products and then pockets what is left over." Why is GEJ and Okonjo-Iweala pushing the cost of corruption on innocent Nigerians? Can't they go after the real culprits? The N1.4 trillion spending quoted by Iweala is bogus. Most sane people know that the figure is inflated by crooked Oil marketers in conjunction with corrupt Govt officials. |
Atouba:You have a right to complain and a responsibility to do your research before buying a used car. Yes, there are some greedy dealers but there are indeed a lot of reputable ones as well. In the free market buyers should always beware. Car prices in Nigeria will always reflect the constant depreciation of the Naira relative to the dollar, shipping costs and Custom clearance charges. Sadly, most people do not take the time to find out about all these costs before painting car dealers as greedy people. My perusal of posted car prices on this site suggests there is very stiff competition in Nigeria, considering the average car prices in North America. |
jay bee:I say no need to press the panic button yet. The games against the Knicks and Heat went down the wire without Pierce - their closer. I was very impressed with their 4th quarter performance against the Heat. So relax and lets's see more games |
[quote author=Mynd_44 link=topic=832478.msg9857353#msg9857353 date=1325173788]did you notice that Timmy sat out the better part of the first half? Their offence might not be all that but you have to agree that they are one of the best defensive teams in the NBA today.[/quote]I expect Pop to rest Timmy a lot in this compressed season. So far OKC and the Spurs are the teams to beat in the West. The way Spurs demolished the Clippers last night suggest they still have plenty in the tank. Let's wait and see more games to get a better sense on how good your Spurs are. |
Roland17:Mark Cuban made a bone head decision by letting all those players go. C'mon he should have given this team a better opportunity to defend their crown. At the very least bring back Tyson and the rugged Butler. Odom and Carter are not gritty players and these are the kind of players the Mavs need to compete. Carter is a talented player but he will quit on you; that's a given. Yes, they want to be flexible to land a prized free agent in 2012, but is there any guarantee Howard or Williams will sign with the Mavs? |
[quote author=Mynd_44 link=topic=832478.msg9841032#msg9841032 date=1324965772]didn't look like it. That was some wimp over Memphis. Ginobili posting 24 points with Tony Parker having 15 points sweet[/quote]It's only 2 games but I'm impressed with the Spurs. However, will they be able to handle young athletic teams like OKC, Bulls or the Heat come playoff time? With a very thin front court (Only Timmy) surviving a grueling 7 games series against any of these teams will be tough. |
[quote author=Mynd_44 link=topic=832478.msg9835553#msg9835553 date=1324879632]And where do you put the Boston Celtics? I guess we have to wait and see then.[/quote]I think the Celtics' bench is very solid and come playoff time they will be tough to beat. Plus KG & Pierce have too much pride to allow the Heat roll over them twice in a row. I fancy the Bulls to come out of the East. The West is a toss up. The Grizzles are the sleeper team and are very dangerous. With Rudy Gay back from injury, I expect this team to be a real headache |
[quote author=Mynd_44 link=topic=832478.msg9839129#msg9839129 date=1324926162]What about the Spurs guy? What do you think their chances are?[/quote]this is the end of the road for Timmy and co. This team needs some new, young pieces to contend |
[quote author=Okija_juju link=topic=828867.msg9810989#msg9810989 date=1324483007]The truth is that; WE may not like it, neither will many of us see the need for it to be removed, but this subsidy has got to go. I know that the adverse effect of its removal would be big, but if my assessment is fair, then I wonder how so, but then again, sacrifices have got to be made. Funny enough, I have been to Italy severally and to greece once and on the surface, both those countries looked way better than Nigeria. So it hit me quite hard to hear that both countries where in financial problems. I am not an Economist, neither an Accountant, but if the brains that own this field say it has to go, then I want to believe that removing it would have some positive effect. We as a country are not immune to these financial crisis happening all over the world. It makes absolutely no sense to me for us to be spending so much money on financing loans and debts and also keep a monstrousity of a sinkhole such as this subsidy of a thing and yet keep borrowing to fund projects. Lagos state reverted to PPP for projects and indirectly threw that cost back at us (e.g MMA2 and the 2000 Naira levy, Lekki road and the Toll gate), and look how people have fought it tooth and nail. Forgetting that these deveopments we all camour for cost money. I know that the past has actually affected our ability to trust and rightly so, but in this case, I think removing it is the way to go at the moment. P>S; My only qualms with the entire removal process was the lack of sensitization on the part of the government, and it is this that might come to hunt them in the end.[/quote]I disagree completely. GEJ and his Prime Minister Okonjo- Iweala are only selling us gold dust. Too many Nigerians are living on the margin and a nearly 50% jump in gas prices can be catastrophic. I don't believe this govt conducted a detailed analysis to understand the full impact on living standards, small businesses and overall economic activity. For instance, the 2012 budget is based on nearly the same inflation rate as this year. This tells me the inflationary pressure from oil subsidy removal was not factored into their projections. Did they even consider impact of a sudden increase in oil prices or continued depreciation of the Naira? They'll simply force this down our throats and let the people feel the pain |
Kobojunkie:Plus Governors like Udaghan et el will share N400 billion from the anticipated savings. We all know where that money will disappear into a deep black hole. This "oil subsidy removal" scam was sold to GEJ by that snake charmer Okonjo Iweala. She convinced GEJ Nigeria will collapse in 2yrs if we don't remove oil subsidy. Last year, he was focused on Power, but that has now been pushed to the back burner. A certain gap-toothed general also told Nigerians that SAP would be a temporary pain and things will be fine. Well, the rest as they say is history. As with GEJ, he was also backed by his World Bank/IMF experts . Oil subsidy is not the issue; corruption in the oil industry is the tiger that needs to be slain. But I don't believe GEJ has the balls to fight corruption hence diversions that "Cabals" need to be hammered into submission by removing oil subsidy. And the poor Nigerian masses are collateral damage in this epic battle of wills BTW - when did this word "Cabal" creep into the Nigerian lexicon |
LeoMax:Are you serious? Kim and his father terrorized and impoverished the people of North Korea for more than six decades. And their suffering now continues with Lil Kim (his son) taking over. Please do some reading before making this kind of statement. George "Dubya" Bush famously labelled Kim's regime one of the "axis of evil". Dubya was not a great US president, but that description was spot on. These people are only crying because they can be thrown into the gulag for not mourning "dear leader" |
LeoMax:Are you serious? Kim and his father terrorized and impoverished the people of North Korea for more than six decades. And their suffering now continues with Lil Kim (his son) taking over. Please do some reading before making this kind of statement. George "Dubya" Bush famously labelled Kim's regime one of the "axis of evil". Dubya was not a great US president, but that description was spot on. These people are only crying because they can be thrown into the gulag for not mourning "dear leader" |
manny4life:Yes, reduction in budget for agriculture really stood out. So the question is why? It doesn't make sense given GEJs commitment (well based on what he keeps saying) to make agriculture a top priority. A nearly 50% reduction in 2 yrs considering is rather puzzling. Do they plan to reduce the level of investment in agricultural projects? Also does the 2012 budget reflect the potential savings from removal of oil subsidy? Can anyone clarify this Btw - thanks VoodooDoll for putting this together (hope your voodoo is not the very potent Haitian type ) |
quick notes from budget: As of Oct 2010 food inflation was 9.7% and budget is based on projected inflation rate of 9.5%. So govt expects inflation to remain close to 2010 levels even after the removal of oil subsidy? This looks like an overly optimistic projection, as removal of subsidy will definitely lead to an increase in transportation, food prices and other consumer goods. Also, execution of Capital projects outlined in the budget will be impacted by rising inflation Okojo- Iweala needs to clarify if the impact of oil subsidy removal was factored into the projected inflation rate. |
Great points, Evil Brain! what a name I also agree that this reckless bill should never become law.I'm always amazed at the sheer hypocrisy and double standard of the "selected" and "rigged into power" individuals that lord over Nigeria. I can't utter the word leaders to describe them. An example of their double standard - They condemn the west as been morally and culturally decadent, yet it's okay for their children to attend schools in the U.S and other western countries or run to hospitals in the west when they have a slight cough. And most galling of all, they travel down with their mistresses, concubines or harems to shop at North American or European malls. Oh yes, buying lingerie in Victoria Secret for girlfriends? no problem Are this guys real? Well if they believe their kids can be influenced by h0m0sexuals in western universities, then withdraw them. Send a message to the west that they will stop traveling down to Western countries because of cultural and moral decadence. Who are we fooling? Right now, a Nigerian senator is in a hotel in U.S. or Britain with a 20 something yr old babe keeping him warm. Its winter time now |
ayorex:Absolutely agree with you; he should attend. Nigerian Politicians and Pastors are all the same. They only use different method to fleece the masses |
Hodaya:Online advertising portals like Nairalist and Google Trader are sustained by huge budgets. You need to put money in online ads, email etc to drive people to the site and make sure they return. So I can see why Google with it's cash flow can compete effectively in this space. Online forums on the other hand are audience driven. Once people love the forum they always return. So Nairaland with over 800K users, generating thousands of discussion threads should be ok. Besides, the threat of competition should keep Nailraland on it's toes and drive innovation. Good news I believe for users like you and I. What exactly do you think Nigerian govt can do to protect Online businesses? I say nada |
BizNews:Can you provide facts to support your assertions; maybe it will make sense. Not sure why Google will want to kill local businesses, according to you. Google's main business is Search and this is one attempt to ensure more businesses and consumers are using the web. Nigeria provides a unique opportunity for online business to thrive - very young demographic and huge population. Also online usage continues to grow every year. Makes sense for Google or other business to have a presence in this huge market. In terms of impact on Nigerian web designers; well the web is rapidly evolving and people need to adapt. Right now, any small business owner can set up a web presence for less than $150 without a web designer. You can build your own website in couple of hours and start promoting your business. So web designers should think about doing web marketing and strategic planning or focus on contract work with big corporations. There's huge career/business opportunities in the digital and online space than simply designing websites. Overall, this Google move can be a huge benefit for small business owners if people see the bigger picture. In fact, any small business owner without a website is Leaving money on the table for competitors. |
ak47mann:this statement confrims the egocentric personality of Odumegwu Ojukwu |
EzeUche:If he was against the secessionist strugglr, he should have taken the path of honour and resign as leader of Eastern Region. Alterantivley, continued to advocate his preferred vision of federalism. You don't lead your people to war if you don't believe in it. And BTW, was there a referendum to determine the will of the people? Declaring war is a very serious issue and leaders of great vision will always choose peace and dialogue over war |
asha 80:Well, you tell us why |
realchange:No, I only referenced that date since that was the time he returned from Cote d' Voire. He has been living in Nigeria since then. So tell me what he has done since then? |
realchange:What issues? kindly tell us. The war happened over 40 yrs ago so you need to tell us about this unresolved issues all these years BTW you still haven't answered question. What did this man do to impact positively on the lives of Igbo people between 1982 - till his death? He returned to Nigeria in 1982 |
realchange:ok then. I'm a Nigerian of Yoruba descent and grew up in Lagos Now will you answer my question |
ceaz4r:Nobody hates igbo people; we are all brothers and sisters in this Nation of Nigeria. Yes, we have our squabbles like all siblings do, but we (and I speak for a lot of people) do not hate you. Sadly, men like Ojukwu perpetuated this myth that we all hate Igbo people, hence his terrible misadventure into a failed secessionist battle. Mourn him if you please, that's okay, but I enjoin you to seize his passing away as a new beginning. Ojukwu was part of the reasons we find ourselves in this constant tribalistic fissures. Outside Nigeria - Igbo, Yoruba, Hausa, are seen as Nigerians. This is the way it should be and the only way forward. Any igbo elders telling you stories about the greatness of Ojukwu are relics of the past. Nigeria needs to look into a future where we all co-exist as one people. Long live ONE NIGERIA |
realchange:I assume you are an Igbo man or woman. If so, list 3 positive things this man did to improve the lives of igbo people or advance a united Nigeria |
Lord Naya:Please grow up and stop this silly praise worshiping. How exactly did this man impact your life in any positive way? List 3 positive things he did for Igbo people. He's dead now and Nigeria can forget about the most dreadful and miserable time for our country |
Please bury this man and let's move on to more important issues - jobs for the people, the Boko harem menance, improving our educational system etc The way most igbo people are mourning this man, you may think we are talking of a Saint. Ojukwu led a secessionist struggle, that resulted in the loss of over I million innocent lives and mercifully for Nigeria he failed. That was over f our decades ago in case people don't know or remember. This is the simple narrative of Ojukwu. Our igbo brothers and sisters should view the the passing away of this man as opportunity for a new beginning. Let's move on with One Nigeria |
Sagamite:Better ask Desmond to borrow you 2 quid for your bus fare to the dole office. Chop! chop! office closes in 1 hr |
1 2 3 4 5 6 7 8 ... 17 18 19 20 21 22 23 24 25 (of 27 pages)
? How much is it to buy a new one then? I would rather go take a loan and add to buy a new one instead of buying a 4 year old car at that price. One daft posted a used(with considerable mileage) GL550 for N15m
)
Now will you answer my question