₦airaland Forum

Me thought they said this guy is a muslim fanatic. His arguments are very modest and well researched. He is a true muslim and has just blown the veil off the eyes those hiding under the shawdow of islam to commit murder. We need more of similar men of timber abd calibre.

Jamesbona:
See twist oh! The young woman now wants my only camera phone( I have 2 other cheap phones) claiming she is serious!!!
I can afford to buy her many of such phones but why should she request for my own phone?
Note: she has a dual SIM camera phone.

I have a concern for you. What's your age? I think you are not matured for marriage.

Jamesbona:
Please how do you mean it's expensive? Please explain in details

Of all the tribes in Iboland I have interacted with, I can safely say that you need to keep some dollars @ your back pocket. But, I think they make some of the best inlaws.

@OP. I'm going to be biased here because I'm Mbaise. If you love her marry her. No games.
No behavoural issues I think, except if she has a character challenge.
Yes, your peeps might object not because she is Mbaise, but because it's expensive marrying from that area. They'll use Mbaise as an excuse.

Wily2wily:
Mustapha didn't kill anybody, That Judge is a Yoruba and because of the hatred Yorubas have for Northerners, they want him dead by all means, This is Miscarriage of justice. Whether Yorubas like it or not Mustapha will walk the street.

If Mustapha didn't kill Kudi, who did? you?

I love this thread, because my company have an interest in the movie. This can be stopped. However, peeps here should give me a good excuse why the casting of Ms Newton is not good.

I mean concrete reasons that can be taken to convince a Bank not to put its money in the movie. you may email me on okeymadu@gmail.com

Make it brief (a page in MS word) please.

Sorry for that madam.

I think you should not make this an issue at all.

This is a Monday. From the way you sounded, it appears you can take care of the situation and he knows that.
If you can find your way to the hospital, even after three hours, you need not bother yourself with all the stress of thinking about his not responding.

I am not unaware of pregnant women moods swing stuff, but abeg, just hug your husband when he comes down to see you jare.

Enjoy.

Simply ask her to face her studies and what "she'z gat" for you are misplace and such should be channeled towards her studies.

WHAT YOU SHOULD DO? Caution her!

Will 600k fly this ride? SERIOUS BUYER HERE.

How long will it take occupiers at Ojota to understand that the oil cabals have hijacked their movement giving it an undertone of revolt against government of the day.

I have said this before: People should register to vote and ready to even set up a political party of their choice to implement policies of their choice.

The musicians singing @ Ojota are doing so because they can't write a convincing and bankable business plan to access the $200.0m GEJ's Entertainment Fund. They thought he was going to share it to them but he gave it  to a reputable bank to manage.

Things must change in this country.

Mehn, no Presidential speech yet? Mek I go sleep jor.

Hello Vipper man, I am offering 670k serious buyer. halla me on 08063039940 let's further negotiation or email on okeymadu@gmail.com.

As follow-up to my post above, the money for the aviation has been given to them.

Thanks

Parnassuss:
Erm, I don't think it was a world bank loan because it is from the same parcel of money the civil aviation industry was promised a bailout. Till today I don't think even the aviation industry has been given the funds promised to them. If I remember correctly those funds were supposed to be sourced from the excess crude dollar account not a loan, guess it went straight into electioneering.
It's not nolly-wood that GEJ deceived, a lot of these posters here criticizing one of Nigeria's biggest and best functioning industries also fell for the 'no shoes' trick. Its now that he has fumbled that people will start talking from the other side of there months.
Akproko people!

Dear Parnassuss, the aviation money came from CBN. This money for shayo entertainers is coming from ADB.

I have facts.

GEJ deliberately is sourcing the loan from them to make sure this guys pay back.

You know what? the entertainers want free money. They think it's biz as usual. No wonder they went to Ojota enmasse. Using the protests as cover up.

The $200.0 million GEJ promised was a stimulation loan called Nigeria Entertainment Stimulation Fund a loan which is being obtained from the Africa Development Bank. Anyone conversant with banking rules knows that obtaining a loan from World Bank or Africa Development Bank is not easy.

Oh! I noticed that the loan is even in dollars and it will have to be converted to naira ahh! that is a huge forex risk involved.

Again, does most entertainers know how to write a biz plan? hummm,

Someone should please let me know if Pastor Tunde Bakare worked/preached today.

I don't believe in this bolekaja system of taking on government. Every four years, we have an opportunity to appraise a government and decide if they should continue or get them changed.
Nigerians need to wake up to this reality, call-off strikes and begin to objectively demand accountability and performance from government.

Central Bank of Nigeria Governor Sanusi Lamido Sanusi (SLS) responds to some Internet Inquiries on fuel subsidy and wrote: If you will patiently read this mail to the end you will understand my position. I won't be able to repeat everything I have said over the past few years on fuel subsidy, but in summary; Fraud like theft thrives not only because of the existence of greed and benefit but of opportunity. Place yourself in

the shoes of the average nigerian "businessman" or "entrepreneur"-polite euphemisms for rent seeking parasites.

You establish an elcee for importing 20,000MT of PMS and the PPPRA says this is at a landed cost of N145 for example per litre. So u know that for every litre in that vessel you will get at least N85 as subsidy. Now you have a number of "possiblities":

1. You can off load 5,000 MT and bribe customs and other officials to sign papers confirming u offloaded 20k MT. Then do the same across the chain with a paper trail showing you delivered 20k MT to a tank farm, and maybe even that u transported it to Maiduguri entitling you to a share of the price equalization fund. Maybe for N20-N30 per litre u bribe all those who sign the papers. The 15k MT you take to Benin or Ghana or Cameroun and sell at market price thus makin an additional "profit" of N55/ltr on 15,000MT!

2 you can just forge documents and have them stamped without bringing in anything and collect the subsidy-PPPRA pays based on DOCUMENTS.

3 you can bring in the fuel, load on tankers, sell some at N65N some at 80 some at 100 some across the land borders.

You can do all this and no one can catch it or prove it because somebody was paid to sign off on docs. And with a high enough margin there is too much temptation to be resisted and firepower for bribing officials.

When I spoke to the house of reps I told them why I was suspecting fraud. It starts from PPPRA "allocations" based on "capacity". You will find a company like Mobil with capacity for say 60,000 MT and a relatively unknown name with a capacity of say 90k MT. Red alert number 1.

Although PPPRA is supposed to give license only to marketers with a national distribution network you see names of companies where you have never seen a filling station in their name.

I was a chief risk officer in UBA and in FBN for many years approving loans so I know the name of every big player in every industry that nigerian banks lend to as these are among the biggest banks in the country. I see names on the list I don't recognise either from portfolios. I looked at or industry studies over the years. Red alert number 2.

I studied the papers presented to PPPRA in a short period in 2010 (I won't tell you how I got them!). And I was surprised that on some days over 10 vessels are said to have discharged cargo in lagos on the same day-clearly the same officers stamping and "verifying" that the vessels were SEEN. Is it really realistic that on the same day 13-15 vessels can discharge in Lagos? Red alert number 3.

Why was I interested in fuel marketing. Because the two sectors that led to the near collapse of the banking industry were capital markets and oil marketing. I am not giving any confidential info out as AMCON MD has already disclosed publicly that two companies alone-zenon and AP-owned by the same businessman owed the nigerian banking industry N220b. And we all saw the amount of subsidy paid to those companies published by BusinessDay.

So money had been taken, subsidy had been collected but loans were not repaid, and we couldn't see the money either as product in tank farms or in fuel stations or credit sales. So I became obsessed with trying to understand how that industry operated and the more I saw the more I hated it and I started the war against subsidies.

It is actually better to do a direct cash payout or add a line item to salaries called petroleum support or transport allowance capped at say N300b p/a than to keep paying it. It goes to pay middle men, rent-seekers and corrupt officers and there is no amount of preaching that will stop this fraud so long as the policy is so badly defined.

Everytime oil price goes up and everytime the naira is devalued and everytime the quantity of imports increases the "subsidy" and thus the "rent" increases and there is more gravy to go round. So every year we "import" more and more and deplete our reserves, and the government borrows more and more to pay for subsidy and the beneficiaries are a smal group of marketers, govt officials and neighbouring countries which get fuel without losing forex! And while a person who applies intelligence can see what is happening you can't prove it in a court of law. If the man says he sighted the vessel and it was 20kMT you have to accept it. It was a year ago!

So for two years I have been convinced that this thing is a scam and that it cannot be stopped because the entire controls have been compromised. NNPC sells domestic crude, Pays whatever subsidy PPPRA says and then gives the balance after JVC to the federation account. And while fani kayode is right to speak up, the truth is that it was obasanjo who first subverted the process by allowing NNPC to make the deductions before paying into federation account. Because once money goes into that account it is to be shared among 3 tiers of government so strictly speaking the deductions have always been unconstitutional as the FG was paying subsidy on behalf of itself and state and LGs without their approval.

So yes, I am willing to take all the criticism and labels and be unpopular but this has to stop and govt can find other ways of alleviating pain. Iran removed subsidies and started cash transfers directly to the poor. It is up to fiscal authorities to figure out safety nets but from where I sit and what I know this decision is not only correct but necessary and overdue. I also confirm that I have revealed nothing here I haven't spoken about before in public and it is just that Nigerians never listen!

I am not complaining about insults I am used to that. I just believe that an insult is not an argument and when people resort to personal abuse they have run out of logic.

But to then go beyond me and extend it to my dead grandfather and his "descendants" ie my late father his siblings etc I think goes beyond the pale. As a Nigerian-and as an economist- I can take a position on economic matters and this position is one I have had for years even before coming in to the central bank.

I have also explained the position on several occasions and criticised government for not doing this before. In 2010 at a public hearing in the House of Reps on the 25% saga I alerted the nation of what I considered a potential big scam around subsidies and urged for its removal. No one paid attention. The economics is very clear to me. That it is unpopular is also understandable.

The British public is unhappy with Tory budget cuts. The Greeks went on riot over austerity. Italian parliamentarians came to blows before Berlusconi was thrown out of office. The US congress is yet to approve Obamas tax increases.

Economic decisions-by definition-ALWAYS must involve a cost or an opportunity cost since for them to qualify as economic they must involve a choice in resource allocation among competing uses. An enlightened debate is one that weighs the pros and cons of removing subsidy and continuing with it.

Removing it has costs in terms of nigerians paying more for PMS-which by the way is not the fuel for genrators, power plants, production facilities, heavy duty goods transportation trucks and even luxury buses.

It is fuel used by the middle class and car owners to drove around town and from city to city not to employ workers and produce goods and services. Diesel which is critical to manufacturing and employment creation is not subsidized as the subsidy was removed years ago by obasanjo. Nigerians said nothing then because it was blue collar workers that got retrenched by factories.

Those speaking now on the internet and facebook and twitter and newspapers are not workers but middle class elite who use PMS in their smart cars so let's stop all the ideological pretence. This is not about elite and masses but an intra-elite discourse.

I will summarise the issues and I write as a Nigerrian economist and public intellectual not as a public servant:

1. I am a strong advocate for subsidies if they are for production and not consumption, and if they benefit the poor and not middle men and rent seekers. The US government subsidizes cotton and wheat farmers and nigeria spends its reserves importing wheat from america and keeping american farmers employed. The OECD countried pay subsidies to cattle farmers. Today Promasidor imports powdered milk from New Zealand and packages in nigeria using our foreign exchange while we have cattle. WAMCO imports milk from the UK and adds water and tins it and calls it "production" of Peak milk. We use our forex to import petroleum products and keep refineries and jobs open in europe. Meanwhile precisely because of market distortions there can be no private sector investment in refineries since no one can make profit seling at the regulated price unless we are going to provide private refineries with crude for next to nothing. Certainly no one can purchase crude at market price, refine it and sell at N65 without huge losses so this explains why there are no private refineries.

2. what I mention above is at the heart of the problem with government economic policy which needs to be changed. The economy since SAP is one that supports imported consumption and not local production, perpetuating dependency, non inclusive growth and insecurity. Why is it that the economy is growing at 7pct annually but the people are getting poorer. Because growth gains are not evenly distributed. Personal income is skewed towards people in the oil industry, telecomms, high finance, stock market, real estate and yes civil servants and politicians who feed on corruption. We produce crude oil but import petroleum products (today the UKs highest exports to nigeria are petroleum products). We have a large cotton belt but import textiles from china (thus keeping their subsidized factories open and jobs in china). We are the world's number 1 producer of cassava but import cassava starch from europe. We have a huge tomato belt in kadawa, jigawa and chad basin but are the world's largest importer of tomato paste-from China and Italy. We can produce rice but we import rice from Thailand and India-most of it from grain reserves that have been in stock for over 5

3. If above is clear then it is evident that this trajectory can only lead to disaster. We will continue to spend our resources promoting growth and employment in our trading partners. Terms of trade shift against us, we can only have foreign reserves because by the good grace of God we have Oil which will be exhausted soon and with new discoveries may become so cheap it loses value. We don't create any value added jobs as the only real production is peasant farming. Oill, telecomms, finance and real estate are not employment intensive. So everyone becomes a civil servant as the economy cannot create jobs. Result? In 2012 budget out of a total N1.8tr recurrent expenditure for the executive arm N1.6tr is on personnel costs not overheads. To reduce this you have to cut salaries or pensions or retrench civil servants. This is the classic trajectory of underdevelopment, de-development and de-industrialisation.

4. For the above reasons I am a strong proponent of structural reform and this begins from the fiscal framework. The limited resources of government should be allocated to supporting production-especially if we are running a budget deficit. We cannot keep borrowing to support conspicuous consumption. To support a job creating economy we need to fund power, transportation infrastructure, market infrastructure and access, technical and vocational education etc. We need to build rice processing plants, produce starch and cassava flour and ethanol, process our tomato and milk locally, regenerate our textiles firms (which used to employ 600,000 workers but now employ 30,000!), refine our own crude etc. We cannot even begin to do this if 30pct of govt expenditure is on fuel subsidy, if out of the balance 70pct is recurrent spending, 10pct is debt service, 10pct goes to the niger delta and only 10pct is capital expenditure. So it is about a choice-what do we spend money on and how do we allocate resources?

5. We often compare ourselves to other oil producing countries like saudi arabia. What are the facts? With a population of over 160m we produce 2mbpd ie 1 barrel for every 80+ citizens daily. Govt share of revenues if like 50pct of every barrel so it is effectively a barrel for 160 citizens. Saudi Arabia with a 24m population produces over 8mbpd or one barrel for every 3 citizens. In fact in 2010 the nearest OPEC country to nigeria in production per capita was Algeria with a barrel for 30 and algeria is more gas than oil.

With one barrel for 3 citizens dailt saudi arabia is able to provide infrastructure, education, healthcare and social safety nets and have huge savings. It can provide subsidised fuel at a total cost that is a fraction of its savings and even export refined products. It is paying for subsidies ouy od its fiscal savings and not borrowing to pay. We are like a poor man with a rich neighbour. The neighbour buids a good house, buys several cars, eat expensive food, travel abroad every year and still have huge balances in sevral current accounts. Then you choose to live that lifestyle and mortgage your house, take an overdraft from the bank to finance it. Next year it is time to repay the bank, u don't have the money so u go to another bank, borrow enough to pay the first bank principal plus interest and also fund the continuation of the lifestyle. It continues till u can't borrow anymore and the bank throws u and your family out of your house and you everything.

A responsible father would have long since faced reality and told his family he doesn't earn as much as his neighbour and expectations need to be moderated if they to keep their roof. Of course the children won't be happy at not going to Hawaii for summer and having to take public transport rather than own cars like their neighbour's children. Maybe they will even abuse the father behind his back and call him a miser. That is the cost of leadership.

Finally: removing subsidy is not a silver bullet that solves our economic problems. And there is a huge trust deficit that government has to address. Government needs to investigate subsidy payments and punish any violations of extant guidelines. It needs to cut on unnecessary and waste ful expenditure. It needs to fight corruption and show seriousness in that. It needs to deliver on capital projects, power and infrastructure including irrigation, farm-level storage and agri-processing. These are all valid issues that are to be taken IN ADDITION to and not in place of subsidy removal.

Since someone has decided to make insinuations about my grandfather I owe it to him to defend his record. it was my grandfather as emir that repealed an obnoxious rule started from the days of Emir Usman that disenfranchised women from inheriting property. It was sanusi that built the groundnut pyramids to the point where Kano NA was contributing 40pct of the revenues of the northern region. It was emir sanusi who built the Bompai Industrial Estate, and turned kano into the industrial nerve centre of the north. He was acting governor of the northern region, minister for pilgrim affairs, chief Imam of friday mosque, judge and leader of the Tijjaniya order. As for his "descendants" my father was one of the very first batch of 12 Nigerians recruited by the British to set up the foreign service in 1957 and he remained in public service and rose to be permanent secretary before retirement. He set up in the 60s the research dept of the ministry- the present NIA so he was the first external intelligence officer in Nigeria. As permanent secretary he was the architect of Murtala Mohammed's policy on decolonisation of Africa and oversaw the independence of Mozambique and Angola and the final push to liberate Zimbabwe and South Africa.

So yes Sanusi was not perfect. He was a feudal aristocrat. And my father was not perfect. He was also a prince and priviledged to go to Oxford and LSE. But please if you want to abuse my grandfather and father kindly tell us what contributions your own grandfather and father made to the people.

Hello N'Landers,

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Hello Inspired, I hope the petrol subsidy thing didn't disturb much ,

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Akainzo:
Can you please share with me/us, the "his actions immediately after the presidential election that proved he does not have the temperament to rule"?

Simple, have you ever asked why his party - CPC - failed to win the states everyone thought they would win? Have you asked why they voters in the north opted to vote PDP after voting for him at the presidential's? As soon as GEJ defeated him mobs took to the street killing people and looting shops and he never came out to request them to stop? Does such character s depicts a man who wants to rule a nation like Nigeria?

Got my drifts?

I voted for Buhari during the election, but his actions immediately after the presidential election proved that he does not have the temperament to manage a complex country like Nigeria.

In as much as I do not entire agree with some policies of the GEJ government, I think I prefer GEJ to Buhari.

Good riddance to bad rubbish.

Waoh! This is interesting.

The Holy Bible is Timeless. I will rather follow a Timeless advice than my instinct. Just thinking aloud.

I will overlook your English although you need to work on it just as much as you need to allow your man do what he wants to do without you having to sermonize him.

It was a beach and you are both meant to loosen up a bit - i mean do some silly things. Lol

The couple in the car did what they did to force you and your guy to join the laugh and take your minds off the quarrel. They didn't mean any harm.
whenever, I visit friends that are married like myself and there is a misunderstanding, there will always be anyway, I just laugh at them and they join me that ends the quarrel. This brings me to what someone said previously that marriage is for matured minds.

So, you want to end the relationship? The problem is not your man but YOU. In-fac,t it is such little things as what you narrated that causes main quarrels. Thank your stars he does not pretend or cover up his emotions.

I see no issue here, please except that you need to understand his psychology and be humble yourself because you sound arrogant.

Good Luck

beside, am not just hooked, i am married

Rossikk:
Isn't she supposed to be in jail? 

executinal:
Did she snatch your own? you are hooked already leave her joor

. for where? not mine, but that of somebody i like a lot. mine is not snatchable for her na. and am sure she is not even enjoying d guy self, cos it was thru d period she did d snatching dat she went to jail, good for her.

segzi cres:
thank you

segzi cres:
thank you

Sagamite:
Really?

You know them?

kokoye:
@ poster.

Do what is best for you. DO NOT marry anybody out of pity

better to do it now before you get married. Then you may turn to the evil guy who killled his wife and the same people running their mouths now will say why did you not break up before you got married?

If you dont love her . . please dont marry her.

FYI, the skinny girl you 'love' now could become fat after marriage . . .so keep that in mind.

good luck.

you have said it all my bro. at poster, pls be very sure u want to dump this girl, cos yr reason for doing so is not solid enough. pls dont do what u will regret in future.  

tpia@:
why was i quoted?

sorry dear. that was done out of anger

M M M:
pls is dat her father or d father inlaw?

Dat man is an old man.

. haba! that guy does not look old nowwwwww, not that handsome though

@OP. PLEASE DON'T TELL YOUR HUSBAND except, perhaps, you want a divorce and want to smite him. But I know that's not your intention.
He wont forgive you if he finds out.  I can bet it.
I know how difficult it can be to end the type of sex centered relationship you found yourself. Again, PLEASE MUSTER THE WILL POWER TO END IT.

Failure to put a stop to this nonsense will lead to a DISASTROUS end, and it always ends disastrously. Just imagine your husband telling your relatives that you are 'sleeping around'? how would you feel? This other guy is not even a husband material. and can't marry you. he will always see you as one sex hungry woman like that.

On how to get your husband to love , all you needed to do is show him more love and dedicate yourself to him. He will see the difference and things will begin to change.

@OP. This is a very tough issue. To start with, the other guy's issue must stop NOW or it will end disastrously.
Better Stop NOW. I know how difficult it can be to put =an end to such relationships. But you have to face it and end it. You are only being carried away by the sex part of it.

On your husband, I guess you must make amends and begin to find out way of loving him again.

I wish you all the best.