₦airaland Forum

mikeapollo:
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My friend, does that nake enough sense to you?
The engineering design should be comprehensive because it incorporates the scope and determines the costing and budget
Ask yourelf if they are also doing the budget section by section. And how many sections and budgets in toral? Is it not proper to have a single budget for the project so as to control and monitor costs.

The man is using style to say that the toral cost may not be N15trillion naira anymore

Why the rush to award the contract and pay the contractor when full engineering design is not ready! Why?

Agbalowomeri:
Your history says otherwise

What did Ojukwu do? He ran

What did Azikiwe do? He ran

What did Nnamdi Kanu do? He ran until he was napped

I can go on and on...

Agbalowomeri:
This winter go woundjure them for europe o

With brent @$115

mikeapollo:
''Positives'' created or caused by who or what?
It is the improvement in crude oil production and high prices that has made us have better forex inflows. That is the source of the ''positive''.
It is not the reckless devaluation of the currency! Don't twist the facts.

Streetinvestor2:
Red wan finish una wa sabi shout derailing of this thread

Na BAT be una problem concerning ngx
make una pray him no rig himself enter second time.Many of una go sell at loss and run from ngx

mikeapollo:
What is "cycles"? The masses can vote people in and out of power! There is nothing like ''cycles''.
If kicking out a president who has inflicted unprecedented hardship and suffering on the masses is what you call ''cycles'', so be it.
We need to make leaders to respect and fear the citizens.

Dont even tell me that Tinubu currently is better than any of the contestants!

mikeapollo:
God bless you abundantly for this.
It just amazes me how some Nigerian have the mentality that ''whoever is president is the best available'', ''no one else can do it'', ''no one is capable'' etc crap

megawealth01:
Nigeria’s fuel subsidy debate should move beyond political promises and focus on sustainable economic solutions. Reintroducing subsidies without addressing their fiscal cost, corruption risks, and opportunity costs could recreate the same structural problems that necessitated their removal.

The solution is not to abandon citizens to market forces or to return to an unsustainable subsidy regime, but to establish a transparent, targeted social protection system that cushions vulnerable households while investing in affordable transportation, healthcare, education, electricity, and job creation.

The real measure of leadership is not the ability to promise cheap petrol, but the capacity to make life affordable without bankrupting the country.

hopeful95:
"..Given all of this, it is of course not surprising that Nigerian politicians are now competing to show who can bring it back in the most damaging way possible. Donald Duke, a presidential candidate who ought to know better (but who am I kidding), has promised to bring back petrol at N300 per litre ($0.23). Earlier, some guy who says he’s running for president under the SDP, bid this down to N200 per litre.

Peter Obi says he will “remove the corruption and retain the subsidy”, whatever that means. And then, today, the finance minister announced plans for a “price modulation” as the government’s response. He said it is “neither a subsidy nor a price control: it is designed to smooth prices over time rather than suppressing them”. If you believe that, then you’ll believe anything.

This is not to say that the announcement of the subsidy removal in May 2023 did not inflict a damaging wound on Nigerians that was made worse by the government’s lack of imagination or effort in cushioning the blow. All of those things are true.

But Nigerians should soberly consider that what these desperate politicians are proposing are not solutions. You can have a country (barely) or you can have a subsidy with a country attached to it, which is what the old regime turned Nigeria into.

These political promises are unserious. "

mikeapollo:
There was even nothing like ''team'' when he made that comment on subsidy? Is that capacity or lack of?

Being convinced to take an action depends on the kind of thinking and advice that surrounds a person or rules the mind,
A mind that does not think deep enough, does not consult, is not truthful, is dishonest, without integrity, discipline, etc would take reckless decisions, all disguised as ''capacity''.
That is partly why a whole national anthem was changed in 2 days, without consulting the people! You call that ''capacity''?
That is partly why he caused unnecessary friction with our West African neigbhours Mali, B. Faso and Niger etc. because he recklessly issued ultimatum and threatened to invade them. Is that ''capacity''?

A mad man can also take ''bold decisions'', but how rational and productive could those decisions be?
Hitler and Idi Amin has so much ''capacity'' as well

mikeapollo:
There was even nothing like ''team'' when he made that comment on subsidy? Is that capacity or lack of?

Being convinced to take an action depends on the kind of thinking and advice that surrounds a person or rules the mind,
A mind that does not think deep enough, does not consult, is not truthful, is dishonest, without integrity, discipline, etc would take reckless decisions, all disguised as ''capacity''.
That is partly why a whole national anthem was changed in 2 days, without consulting the people! You call that ''capacity''?
That is partly why he caused unnecessary friction with our West African neigbhours Mali, B. Faso and Niger etc. because he recklessly issued ultimatum and threatened to invade them. Is that ''capacity''?

A mad man can also take ''bold decisions'', but how rational and productive could those decisions be?
Hitler and Idi Amin has so much ''capacity'' as well

mikeapollo:
You are wrong!
Ask Tinubu what he said in those days when other govts were in power.
Today, you want to twist the narrative as excuse to favour him because he is in govt!

megawealth01:
Nigeria is in the situation it finds itself today partly because of the harsh economic policies introduced under Jagaban’s administration. He needs to adopt a more compassionate approach, ease the burden on the masses, and ensure that the people feel the positive impact of governance. Economic reforms should not come at the expense of the people’s welfare; leadership must balance difficult decisions with empathy, social protection, and a genuine commitment to the well-being of citizens.

mikeapollo:
A man with capacity for dubious things, fraud, forgery, drugs etc. will destroy things.
Your ''capacity'' must have underpinning integrity, truthfulness, honesty, sincerity, hard work etc. before it can be useful.
Otherwise, it would destroy.
The devil also has ''capacity''!

mikeapollo:
We need good men everyhwere ooo. Men of integrity, discipline, truthful, hardworking etc.
Not dubious men that engage in fraud, forgery, drugs like Buruji etc

mikeapollo:
Bags of Cement That N1,000,000 Could Buy:

2013: 588 bags (N1,700 per bag)
2022: 285 bags (N3,500 per bag)
2026: 67 bags (N15,000 per bag)

SonofElElyonRet:
Source: Nairametrics
Renaissance Capital Africa (RCA) has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE to N700.41 per share, representing a 33.4% premium to the N525 IPO offer price.

Raider76:
Hmm. You really believe the Federal and States' governments will let go of some their monthly FAC loot to shareholders?

essentialone1:
Femi Falana's exact words:

> "The road, coastal road, has now become land road, I'm sure you are aware... after Ogun State, they now said they are going from Edo to go by land, because they can't fund it. Again, we must now ask questions: Where are the 15 trillion naira earmarked for that road?"

*Context:*

Lagos-Calabar Coastal Highway is Tinubu's flagship - 700km, 9 coastal states, originally N15tn ($11bn) EPC+F, contractor Hitech (Gilbert Chagoury), with Deutsche Bank syndicated loan of $747m for first 47.5km.

Last week, Works Minister Dave Umahi announced change:

- Sections 4A/4B (67km - 27km Ogun + 40km Ondo) will no longer hug shoreline
- From Ondo into Edo, highway will follow old East-West Road instead of new coastal alignment
- Umahi said order came directly from President: "Divert, do not do any new alignments. Pass the coastal highway through the existing East-West Road"

Umahi's reason: deep pits (100m deep) in Ondo, no sharp sand for 300m, terrain too expensive - calls it "excellent engineering choice, by Mr President".

Falana's point and why it's trending:

1. N15tn was for brand new 6-lane coastal road with rail, drainage, wave protector. If you now use existing East-West Road, where is cost saving?
2. Homes and businesses were demolished in Lagos and Ondo for coastal ROW - now route abandoned.
3. No public Bill of Quantities, no competitive bidding - awarded by presidential fiat to Hitech.

He tied it to 2027 - warned against voter suppression in Lagos, and said accountability is "the only way we can get these people to be accountable".

Agbalowomeri:
The whole NGX sef no get 5million people

The IPO will not see 1m people

Redoil:
If so then why the extension

mikeapollo:
Which ''real'', available data are you talking about? And who authored such data?
Just take your time and do some search! Nigeria was a rich country in the 1970s. We were better thn many European and Asian countries, including Malaysia, Singapore, Indonesia etc.
Unfortunately, every wealth must be managed and sustained. We failed to manage and sustain our wealth, that is why we are struggling and suffering today.

Nigerian scholars, (BSc, MSc, PhD holders) were rejecting jobs in Europe, US and returning home to receive better pay! If you doubt me, go ask any professor who graduated in the 70s and even early 80s

Have you ever heard of any other country that gave out huge bonuses to workers and distributed free cash because they experienced oil boom? That is one of the stupid things that Nigeria did to squander the wealth.
If that money had been invested in infrastructure like railways, mass road network, industries, etc, you can imagine the impact

mikeapollo:
Where were you when Gowon was the president in the early 1970s, over 50 years ago?
What do you know now, that can challenge a president's knowledge of his country's finances when he made the statement over 50 years ago?
Access to the internet should not mislead us, abeg!

essentialone1:
Zenith Bank Plc has:

Return on Equity: 8.82%
Price to Earnings Ratio: 12.85x
Debt to Equity Ratio: 5.68x
Current Ratio: 1.15x
Net Profit Margin: 25.70%
Dividend Yield: 7.61%.

GeneralDae:
Excess crude is only applicable when production multiplied by price exceeds the budget benchmark like we had in the time of Obasanjo and Jonathan. You can do the calculation yourself and come back. Our production target is 1.85 million bpd and we have been around the 1.6 million bpd. Price was $64.5 and we average $104. You do the calculation and you get a slight shortfall.

mikeapollo:
I think our OPEC quota has been 1.5m barrels per day and we have been exceeding it for some time now. But not always.

mikeapollo:
I don't think that is correct. Our benchmark crude oil price for the 2026 budget is $64.85.
The price of crude oil has been around $80-$100 since February 28 when the Iran-US war started