₦airaland Forum

PROPEACE:
What you should be talking about is that a local content clause be added to the contract between Nigeria and the companies doing the jobs so that knowledge transfer can happen hence producing a generation of Nigerian engineers that can carry out similar jobs in the future and also maintain these ones. Don't be the ones badmouthing your graduates who end up running abroad and getting celebrated.

You agains corroborated my observations.

Why do our graduates need to run abroad to be celebrated?


Why is it that graduates from our universities don't discover and formulate medications that can treat malaria and schistosomiasis which are our local health problems?

Why are our Engineers unable to produce communications gadgets or handles heavy construction works?

Universities in the USA, UK and Western European countries are set up to solve problems in their environments but Universities in Nigeria evolved as mirror images of these foreign institutions without conscious efforts to make them produce solutions to problems of Nigeria.


We need to overhaul and redesign our educational institutions to meet our peculiarities.

gidgiddy:
Dim Chukwuemeka Odumegwu Ojukwu was a remarkable man. Despite being the only biological child of Sir Louis Ojukwu, once touted to be the richest man in West Africa, Ojukwu abandoned his father and joined the Nigerian Army. His father would not speak to him for 4 years.

Personally, I don't think anything could have prevented the civil war, Igbos were tired of Nigeria and were determined to fight their way out if possible.

But had Ojukwu stayed with his father, had the civil war not been fought, there's a good chance Ojukwu would have inherited his father's vast business empire. That would have catapulted him to being one of the richest men in Nigeria

Ojukwu was man who wasn't interested in money. For many years he lived in a modest Bungalow on Pioneer avenue, independence layout, Enugu. It wasn't untill his wife Bianca had children that he built a much bigger house in GRA Enugu and moved there, and he didn't like living in a big house.

* Dim Chukwuemeka Odumegwu-Ojukwu was NOT the only biological child of Sir Louis Odumegwu-Ojukwu, as a matter of fact, there were protracted court cases by the children over the Estates of the Late Sir Louis Ojukwu.

* Ojukwu couldn't have become one of the richest Nigerians simply by inherited wealth. Those who control key sectors of the economy 10 years after independence become the richest in the 1970s.

DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

How do you suggest that the dollars earned by the CBN be converted to Naira?

Sirmwill:
Wike look like Metro too much




Okay okay

Why does this country continue to pay foreign companies for construction projects in Nigeria
Am I missing something?
Are the engineering students or graduates in Nigeria not capable to do these constructions from start to finish
In 2024!!! 😶

The educational institutions in Nigeria were NOT designed to solve problems of Nigeria but as 'photocopies of foreign bodies', thus graduates from Nigerian Universities often need to seek validations from UK, USA, Canada, Germany before being considered truly educated.

mariahAngel:
Nigerians appreciate him quite alright, but Nigeria as a country should be able to function/prosper on its own without depending on a single man.
Monopoly should never be encouraged.

Have they sold Nigeria/Nigerians to him? They should let us know, so we all can know what we're in for in this country.

You actually start your refinery too.

mightyhazel:
lover of Nigeria,was dangote refining fuel when dollar was 180 naira and fuel at 140,and u ,out of 'immense love for Nigeria occupied Nigeria ?

Anyways our hope is that the govt can do whatever needs to be done to bring dollar back to 180 and even less

Nigeria has no power the dollar but has power over Naira.

When the exchange rate was $1= N180, the exchange rate was heavily subsidized by the CBN (meaning CBN was selling dollar to Nigerians below the market value).

Splashme:
Is Reno an Economist?

How many of his past 'prophesies' since 2015 ever came to pass?

The Naira will only gain further whenever Dangote starts sourcing its Crude from Nigeria and in Naira (not the rubbish Reno is writing)

How could Dangote be buying crude from US and you expect Naira to improve?
.

Importation of crude oil have lesser impact on the exchange rate than importation of refined petroleum products.


With time, about 80% of the crude oil will be sourced locally in Naira ,which will drastically reduce the demand for the dollar. Thus the Naira will gain strenght.

Nigeria is a hot bed of corruption and most wealthy Nigerians are guilty of this. However, the man is doing well, at least he invest the money in the economy.

shoodboi2:
That's one angle. But I can't really think of any company that will want that much diesel at once. That's like 31 trucks or so.

I was thinking banks and factories but it'll be too much for them unless they pay at once and carry it in bits. Only a business or organization with large storage capacity will carry this much diesel at once.

That again goes back to the major marketers.

So many marketers can buy it. Even IPMAN can buy it and share among their members.

Lukuluku69:
Not good.

Unless you are a Major Player, this means he won't sell to you.

More middlemen means more Cost will be added.

1m litres minimum is close to a billion Naira. How many Filling Stations have that?

You don't know anything about marketing of petroleum products.

Many marketers can afford it (I am not talking of Ajadi & Sons Petroleum or Okorie Brosters Int'l Petroleum).

As for smaller companies, 3-5 Petroleum marketers can merge to form a bigger player in the sector.

Nonybb:
Dangote is one of the stubborn demon holding this country. I wonder why God bless such a wicked man. People don't know this man personally. I remember when Obasanjo favoured this evil genius and he got rich through monopolization; built his cement factory at Kogi. Yet after years of doing so, with FG refusing to allow others import cement, this Fulani evil has refused to crash the price of cement. Then came the Dangote refinery. Who told you people that this Fulani animal would make the product affordable and quench the price increase?

You that you are not evil, help Nigerinas to crash the prices of Rice, eggs, milk, meat, tyres and roofing sheets. Nigerians will really appreciate you sir.

Even in Nigeria before Jan,1966 ,Policing was under Local Government .

There was Federal Police that handled Inter-State crimes.

4tomandchi:
Uba is making KD hot for El-Rufai fear this man called Shetima any good head that will rise against him in the north he wants to destroy.

Which goid will this do to the North?

Bendeco2020:
Your grandfather may be victim if the biafran soldiers sees him as a saboteur.

Even the saboteur among the Igbos were also captured and tortured.

Why do many Igbo and IPOB sympathizers always try to down play the experience of the Minority tribes during the civil war or simply deny it?

Let Igbo, Efik, Ogoni, Ijaw, Yoruba, Bini, Hsusa, Ebira, Tiv and other Nigerians tell their experience during the civil war. Different people experienced the war differently

Yourprick:
People keep saying Nigeria should export more for the naira to gain, Please was Nigeria actually exporting anything when a dollar was 200 during Jonathan regime?? I'm curious 🤔

Nigeria was just collecting rents from crude oil explored and exported by several (mostly foreign) companies.

Out of the $money ,the CBN would sell dollars to people at a very low rate (e.g $1=200) that is below the market value. This meant that the CBN was subsidising the exchange rates.
This policy has been in place since 1973 when the Naira was introduced. The policy has it's pros and cons.

Pros: It enable Nigerians to access FOREX at low rates so they can import foreign goods or pay for foreign services e.g Hajj, Tuition fees in Foreign schools,Medical treatments abroad or even Holiday in The Bahamas etc
Cons: 1) With increased population and increased demands for Foreign goods/services, the CBN was unable to meet the demand for dollars at subsidised rates ,so they often increase the exchange rates e.g from $1= #0.56 in the 1970s
$1= #5 in 1986
$1=#21 in 1993.

However, not all those who needed the dollars got it at this rate, privileged elites who got it at 'official' subsidised rates sold it in the black markets at exorbitant rates.

By 2022, Nigeria was borrowing $1.5 Billion monthly to subsidised the exchange rate and it got to a point, no creditor was willing to borrow Nigeria money for such subsidies anymore.

Ofunaofu:
Who championed and brought Buhari up, ganged up with his Northern allies, and used the entire common wealth of Lagosians to truncate an opportunity for a president from the south, a Niger Deltan, to complete an eight-year tenure?

And what will describe such an act, if not treachery?

Common, you need to get out of this beer parlour.


There was a presidential election in 2015 in which APC defeated PDP. All these gibberish you are spewing remain gibberish.


In the 2023, did Peter Obi betrayed 'the unity of Southern Nigeria' by contesting?

Ofunaofu:
Tinubu and his Northern allies ganged up against the entire southern unity

Today he is president and will surely reap from that treachery as well

This your analogy is always funny to me.


How did Tinubu ganged up against 'the entire southern unity'? How is he treacherous and how will ge reap from it?

lawani:
No. Can you say Itsekiri or Ugbodu people or Akure are mixing Yoruba and Bini?. The language of Ugbodu people is the real language of Benin city in the past. How ever all languages borrow words from adjacent languages. In the case of Britain, if the British empire were built by the monarchy we would be speaking French today instead of English. We are speaking English only because the empire was built by commoners. They still speak French among the English aristocracy

You still need some studies in History, Sociology and Linguistics.

* No society remain exactly the same for a very long time and as such, their languages change over time.

Languages evolve into modern ones or even new languages if they absorb too much foreign words into it.

The Language spoken in Ilesha, Akure, Owo , Benin to Itsekiri in 1654 were very similar but these languages evolved over time to their present stages.

You will need a special dictionary to understand the English language used by Shakespeare to write his books 500yeaars ago.

The English, originally a Germanic language borrowed from Latin, Greek, French etc

Birdbyrde440:
Your thinking is still Web2 focused. In Web3 and the 4IR, you will be able to earn a living on the metaverse.

This kind of Mentality is the differences between UK and Nigeria.


It is not about earning a living, but what do multi-millionaire in dollars do to earn such humongous
money and how much to they pay as tax?


In the UK, you can't just become a multimillionaire without a workbase with appropriate tax profile.

As a matter of fact, in the UK, France, Germany and other Western European countries, you can NOT become very rich suddenly, your financial statements must be balanced. You must show workings! The system can predict your expected incomes for years if you on a particular path.



In Nigeria, a young man just graduating from the University, with no work experience can come home with a Jeep worth #20 million and people will be celebrating him.

Most Nigerians have negative mentalities to work ethnics and wealth creation

There is no shortcut to real and sustainable wealth.

Birdbyrde440:
You got it all wrong. You don't understand crypto.
One Airdrop can earn you $100k
Many silent millionaires with digital dollars.

Don't get it twisted!

What do these multi-millionaires with digital dollars produce? Where are their factories and what are their annual turn-over? How many people do they employ? What is their tax profiles?

Wealth with work like this are frequent seen in corrupt and underdeveloped countries. In Europe, you work very hard for every penny you see.

lawani:
I am posting offhand from research I have done much earlier. You don't need more than common sense to understand. Maybe you think edo was Benin lingua franca lol.

Actually, most Empires are multi-ethnic and for strategic reasons, they often use more than one Languages, including Bini Empire.

The Bini Palace used both Yoruba and Bini languages at certain times in their history.

In England, the Palace and the ruling Aristocratic class spoke French in the 12th century but the commoners spoke English language. This is while many English words that have to do with administration and the elites are of French origin e.g Government, Hospital,

Mutton (French)= Lamb (English)?

Pork( French) = Pigs (English)

When Peter Obi and the Obidents Movement decamped from the PDP to the Labour party, the part became a stronger political party and Julius Abure, who is just a regular corrupt Nigerian politician, utilized the opportunity to make a hell of money. Pa Lamidi Apapa and the older members of the Labour party, felt they ought to partake in this sudden turn of fortune in the party they have laboured for since inception but Abure schemed them out.

The Obidients (made up of largely naive youths) , many of whom are actually non-card carrying members of the Labour party thought that they and Abure are on the same page. Now the Obidents want to occupy party positions and put their candidate as chairman. Abure knew the game and outsmarted them by making 'necessary contacts and taking pro-active steps' . The drama is just about to start and may lead to the exit of Peter Obi and the Obidients from the Labour Party.

Antoeni:
This man ought to step down; what is he looking for It's better he now face all the alleged forgery charges against him now and get a court verdict on them, if not he is digging the grave of LP

You don't understand Nigerian Politicians.

SoNature:
Simon Ekpa is not the problem of Nigeria.

IPOB has one demand - conduct a referendum in eastern Nigeria and find out if the people want to remain in Nigeria. That request is as simple as ABC. Since we claim that Nigeria is united, why not conduct the referendum?

IPOB has a lot of crazy followers who could be as deadly as Simon Ekpa, if not worse. If you arrest him, another leader will emerge. He will kill a lot of security operatives and the government will declare him wanted.

This is common sense...

Conduct your referendum on your own. IPOB has conducted one referendum online three weeks ago.

Bigseven:
His interview was the catalyst for the decision to ban.
Let him be tied and fed to the fishes

You are just exhibiting ignorance of how the UK system work.

The UK Gov't systems work based on research using data, which are thoroughly debated by many stakeholders.

The reason why you think that interviewing a new and struggling immigrant like Tiamiyu can influence the decisions of UK Gov't is because you are used to incompetency.

Blitzking:
My foodstuff are delivered to my house...rice beans and garri..I call my ibo boy to deliver..for groceries I go to the nearest jendol close to my house

This is good for us all.

Without this Gov't program, the people that go to buy foods at these LASG subsidised food markets would have been competing with you in the regular markets ,which would have led to higher prices in the regular markets.

OneCandleAway:
The black man excels mostly in the arts.

Singing, dancing, then athletics.

When it comes to critical thinking, he is behind (few exceptions are obviously available but majority are guilty and overwhelm the few )

Genetucally, Blackman is not really different from other races. The perceived differences are man-made problems that can also be solved by man-made solutions.

First, Africans must discard the use of Foreign languages as means of dissemination of knowledge especially Scientific knowledge in Schools and adopt indigenous languages.

Secondly Science Textbooks should be developed and writing by experts using examples of things commonly seen in the local environment.

At the start of a lecture on 'Carbon and it's compounds' in our Chemistry Class in SS-1, our Teacher asked all the students to stand-up and said 'if
you have seen Carbon before, sit down '

Only two of us could sit down, the whole class stood for a while because none of them had seen Carbon before. Then the teacher lashed them for being ignorant, saying that they see Carbon regularly but didn't know it is Carbon and gave them examples e.g coal, Carbon soots at the top of their lanterns , graphite rods inside their torch batteries etc.

Zulu11zulu:
I will not be surprised if Nigeria vote this terrorist as thire president.

El-rufaii/Peter Obi for 2027