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Business › Re: How Nigeria Lost Its Textile Market To Chinese Imports by ponziponzi(m): 4:48pm On Mar 22, 2025

omoredia:
How? As if we dont already know

Politics › Re: Nigeria To Expand Steel Production Capacity To 10 Million Metric Tonnes Annually by ponziponzi(m): 2:55am On Mar 22, 2025

How can we increase capacity when we don’t produce steel in Nigeria. All we do is recycle steels from scraps and that’s why we have a lot of criminals stealing any metal in sight, even manholes.

1 Like

Politics › Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by ponziponzi(m): 10:27pm On Mar 18, 2025

Thefirmorganics:
Like a said before, you're an intentional slave. "A country like Nigeria can not fund their development"?

My apologies. Good luck, sir

I can now see that Nigeria’s problem goes beyond revenue—it’s a crisis of intellectual capacity and critical thinking among its youth. I once wondered whether this stemmed from an IQ issue among Black people or a failure of proper education in critical thinking. However, after interacting with other Africans, especially from the East, it’s clear that the real problem lies in the lack of proper education in developing critical thinking skills in Nigeria.

Politics › Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by ponziponzi(m): 3:35pm On Mar 17, 2025

Thefirmorganics:
Intentional slave

I understand that you may not have enough knowledge to fully grasp economics and leveraging. It takes time and a certain level of education, so let me help a little.

A country like Nigeria cannot fund infrastructure development solely from its internal resources—it’s simply not feasible because the country doesn’t generate enough revenue to cover such large-scale projects. Nigeria's infrastructure development needs are estimated at around $3 trillion. Meanwhile, Nigeria’s projected total revenue for last year was approximately $25 billion, and considering that the country ran a deficit last year (spending more than it earned), saving to build infrastructure is just unrealistic.

To increase revenue, Nigeria needs to improve its productivity, which is not possible without essential infrastructure like power, water, and transportation. So, where will Nigeria get the funds and expertise to achieve this? From external sources. The key is to prioritize infrastructure projects that will have a high impact on the economy and the well-being of the people, while securing favourable loan terms without over-leveraging to ensure the debt can be repaid as agreed.

This is a common strategy used by both governments and private companies. For example, Dangote didn’t use his own money to build his refinery because he doesn't have it. Instead, he secured some loans using the refinery as collateral and plans to pay them off over the next few years as production ramps up. This is how strategic financing works for both governments and businesses.

You can thank me.

Politics › Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by ponziponzi(m): 3:00pm On Mar 16, 2025

erico2k2:
Only ignorant people fall for that, China has been closer to africa than anyone else.

And why should anyone cancel your debt. No one forced you to take it in the first place. Africans need to take responsibility, no one is responsible for feeding you. Wake up

Politics › Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by ponziponzi(m): 2:56pm On Mar 16, 2025

Thefirmorganics:
Selling our country piece by piece to China lol

At least you have someone willing to give you money to build infrastructure and help you to build it. Who else in the world can offer you this?

Politics › Re: Members Incurring Losses,’ IPMAN Laments Dangote, NNPCL Fuel Price War by ponziponzi(m): 2:42pm On Mar 15, 2025

yommen:
After which he will now deal with Nigerians squarely by increasing fuel price as he wishes, something he did with sugar, cement etc.

NNPC that cannot even run their own refineries efficiently. What has their impact be in the last 30 years? It’s better they pack up and leave the downstream sector. We didn’t miss NITEL, we won’t miss NNPC.

3 Likes 1 Share

Foreign Affairs › Re: Trump End All Military Aid To Ukraine by ponziponzi(m): 3:54am On Mar 05, 2025

orisa37:
YES. FROM UK AND EU.

Nobody cares about you, my brother. With the level of your IQ, I don’t think they need people like you there.

Foreign Affairs › Re: Trump End All Military Aid To Ukraine by ponziponzi(m): 5:53am On Mar 04, 2025

orisa37:
US MUST STOP RUSSIA AND CHINA FROM INVADING WESTERN EUROPE AND CHINA FROM ALL UNIDENTIFIED UFOS AND UFDS-UNIDENTIFIED FLYING DRONES.

You need serious help.

1 Like 1 Share

Foreign Affairs › Re: Trump Kicks Zelensky Out Of The White House After Heated Argument (Video) by ponziponzi(m): 11:54pm On Feb 28, 2025

JimD:
The catastrophy is Trump and his vice addressing the Ukrainian president with no empathy. NATO countries like Canada, Germany, and France still send money to Ukraine (about 50 billion euros last year) and military equipment. It's true that the U.S. is Ukraine's backbone ($183 billion in support since 2022).

But aside from NATO's support, Ukraine's just going to have to ramp up it's own internal economic systems.

With how Trump is playing it, the U.S. is going to lose influence on both sides. Because now Putin doesn't respect him. And he might come for Alaska soon.

You don't know what you're talking about. The US is not the one being invaded here—it's Ukraine, and it needs all the help it can get from the US. The truth is, without the US, Ukraine cannot fight this war. Military equipment is not the only thing they need; they also rely on logistics, intelligence, GPS, and internet connectivity, such as Starlink, which are largely controlled by the US.

Even in terms of equipment, most NATO supplies come from the US, which has a greater manufacturing capacity than the rest of NATO combined. Canada… lol, many of these countries can't even defend themselves without US support.

Once again, I’ll say that Ukraine’s president made a catastrophic mistake today. He has seriously hurt Ukraine’s position, and it will take significant effort to repair. He is in trouble—he has a lot to lose in this situation.

If you don’t have parents and your uncle is paying your school fees with no other options, you have to be humble and endure a lot just to get what you need in the end.

I hope this works out for him, but right now, he must be regretting it.

1 Like

Foreign Affairs › Re: Trump Kicks Zelensky Out Of The White House After Heated Argument (Video) by ponziponzi(m): 10:42pm On Feb 28, 2025

3kay945:
I hope Putin won't after this meeting intensify bombardment on Ukraine.

Then, Zelennsky won't have anyone to run to..isn't that checkmate

I'm sure he will be back. He has no other options.

Foreign Affairs › Re: Trump Kicks Zelensky Out Of The White House After Heated Argument (Video) by ponziponzi(m): 10:31pm On Feb 28, 2025

JimD:
What most of these shallow thinkers like the op don't know is that:

1. Trump is only after Ukraine's minerals. Ukraine's minerals will help the US develop AI chips and military equipment. That's what Trump is after.

2. Any cease fire deal agreed upon will likely be broken by Putin. Trump thinks he can control Putin as master negotiator . But Putin is more strong headed. He has broken all past agreements with Ukraine.

3. If you want to end a war, you don't use the biased approach Trump is using. You blame the aggressor, not try to cow the oppressed into submission. He is going to escalate things further. And Ukraine will have to bank solely on NATO for support.

What options does Ukraine have? They need the US. I believe Ukraine's president made a catastrophic mistake today

2 Likes 1 Share

Foreign Affairs › Re: Trump Kicks Zelensky Out Of The White House After Heated Argument (Video) by ponziponzi(m): 10:23pm On Feb 28, 2025

seunjungle1:
Who is a fool between you and Zelensky?
The guy is a man!

He made a big mistake. He should have been more diplomatic, as he has no choice—he needs the US.

This is an absolute disaster for Ukraine. He should have kept his cool, I believe he is just inexperience with diplomacy.

1 Like

Science/Technology › Re: OpenAI Releases GPT-4.5 by ponziponzi(m): 10:44pm On Feb 27, 2025

Streetdoctor:
Forget about d free stuff. They hv a lot of work to do. Secondly, they wont even give u information about chinese leader

Deep seek is just not free but it’s open access with open weights. You can build on it and make it anything you want. It’s just like an android software that several companies can build their applications on. There is nothing like that out there.

1 Like

Car Talk › Re: Vehicle Prices Set To Soar As Donald Trump Moves For 25% Tariff by ponziponzi(m): 2:05pm On Feb 20, 2025

Free2Fly:
Saudi and China produce cars that are being used in Nigeria??

.

China has a big used car market. It’s even cheaper now for ICE cars.

Politics › Re: Nigeria Exports ₦‎682 Billion Worth Of Aluminum In 9 Months by ponziponzi(m): 10:10am On Jan 09, 2025

Lithiumite:
Open your eyes and see,They only make you think oil and gas are the only booming sectors in the Nigerian economy.....there are several others where people are cleaning out seriously but they don't want you focusing there.

We don’t have any working aluminum processing facility in Nigeria, so how are we exporting billets? Maybe they are exporting scrap aluminum.

Politics › Re: Nigeria Exports ₦‎682 Billion Worth Of Aluminum In 9 Months by ponziponzi(m): 10:05am On Jan 09, 2025

Elusive001:
Please which companies did the say produced the aluminium that were exported?

They are exporting scrap aluminum.

Foreign Affairs › Re: Donald Trump Donated To Kamala Harris' Campaigns Twice by ponziponzi(m): 9:24pm On Jul 23, 2024

Max24:
You go explain tire... !

Explain what? .....unburdened by what has been?

Foreign Affairs › Re: Donald Trump Donated To Kamala Harris' Campaigns Twice by ponziponzi(m): 9:39pm On Jul 22, 2024

Trump was a Democrat at one point, so it's not surprising.

7 Likes

Foreign Affairs › Re: Trump Shot At Rally by ponziponzi(m): 2:55am On Jul 14, 2024

MT:
Not shot.

It was a cracking, popping sound.

Stop misleading people. Secret service has not said what happened.

Alarmist!

Propagandist!

3 Likes

Technology Market › Huawei Isn’t Just Back From The Dead. It’s A Force To Be Reckoned With - CNN by ponziponzi(op): 9:49pm On Jul 10, 2024

Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry.

The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS.

“We have done in 10 years what our European and American counterparts have done in more than 30 years, and have achieved independent control of the core technology of the operating system,” Richard Yu, the chairman of Huawei’s consumer business group, said at a developer forum on Friday.

Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license.

US policymakers have long claimed that Huawei poses a national security risk, alleging that the Chinese government could use the company’s equipment to spy. The company repeatedly denied those allegations, but that didn’t stop some American allies — such as the UK — limiting Huawei’s role in building 5G networks.

The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Those restrictions dealt a huge blow to the Chinese firm’s smartphone ambitions at the time, with some analysts predicting the Huawei phone would become “a brick.”

Now the company is once again making its way back to the top. It’s also venturing into new businesses. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in artificial intelligence (AI).

Nvidia (NVDA), which is running neck and neck with Microsoft (MSFT) as the most valuable public company in the world, earlier this year named Huawei a top competitor in a number of areas, including in the production of processors that power AI systems.

Yu said Friday that Huawei’s own AI framework, composed of its Ascend processors, was 1.1 times more effective in training large language models than mainstream international offerings. He did not name the competitors.

A surprise development
But it’s in smartphones that the revival is so far most obvious. Sales of Huawei’s flagship smartphones rose 72% in the first five months of 2024, compared to the same period a year ago, Yu added, underscoring the company’s ambitions to claw its way back to the top despite severe US restrictions.

The Shenzhen-based conglomerate’s popular Mate 60 Pro smartphone made headlines last year when the US government sought more information about the model, which included a sophisticated processor.

Its debut shocked industry experts who questioned how the company could acquire such chips following sweeping efforts by the US to restrict China’s access to foreign chip technology because of national security concerns.

The company’s net profit soared 564% to $2.71 billion in the first quarter, and that robust jump comes after it recorded its fastest revenue growth in four years in 2023, thanks to a pick-up in its consumer segment and income from new businesses like smart car components.

Huawei is also going after another of the biggest companies in the world. The success of its smartphones in China have directly impacted Apple (AAPL) in the premium segment, according to data from Counterpoint Research in April.

The iPhone maker, which led China’s smartphone market with a near 20% share in the first quarter of 2023, fell to third spot in the first three months of this year, according to Counterpoint. Its market share stood at 15.7%, while Huawei’s jumped to 15.5%, from 9.3% in 2023.

Source: https://www.cnn.com/2024/06/24/tech/china-huawei-harmony-os-growth-intl-hnk/index.html

Foreign Affairs › Re: Biden Announces New Tariffs On Chinese Imports by ponziponzi(m): 10:37pm On May 14, 2024

udemzyudex:
Lol..

This analysis is funny, US will feel a bigger impact? OK.

I understand that you might be lacking some depth to fully grasp my point, but if you could, I'd like you to point out anything you find funny or factually incorrect in my comment above?

Foreign Affairs › Re: Biden Announces New Tariffs On Chinese Imports by ponziponzi(m): 9:02pm On May 14, 2024

udemzyudex:
US is China biggest market.

They'll feel it.

The United States will feel a bigger impact in the car market. China has the largest car market globally, even bigger than the US and EU markets combined. Every car company wants to sell cars in China. For American car companies like GM, China is one of the most crucial markets, but Chinese car sales in the US are almost zero.

I get why there's a tariff besides politics. The US is way behind in making electric vehicles (EVs) and batteries. It's kind of crazy. If Chinese cars are allowed into the US, it could really hurt the US car industry.

Politics › Re: Tinubu Advocates Collaboration To Ease Global Challenges by ponziponzi(m): 5:04am On Apr 29, 2024

What does that even mean?

Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by ponziponzi(m): 10:40pm On Apr 22, 2024

Kremlingrad:
JAMB questions. Did patriot shot down the overhyped Russia missiles or not??

I believe it did. So, what happened to them?

Foreign Affairs › Re: Russia-Ukraine War: World News, Weapons & Battlefield Discussions - Live by ponziponzi(m): 9:17pm On Apr 22, 2024

Kremlingrad:
You mean the same Kh missiles that have been shot down in Ukraine by Patriot defense despité multiple denial from Russia. And hope you know hypersonic missiles have limitations despite all the hypes Russia have made you to believe about them

So what happened to all those Patriots that was sent
initially?

1 Like

Foreign Affairs › Re: 20 Countries That Owe US Money by ponziponzi(m): 12:24pm On Apr 09, 2024

Exousiang01:
Switzerland has no business being in debt

They are not owing money. They are actually the creditor.

Foreign Affairs › Re: 20 Countries That Owe US Money by ponziponzi(m): 12:20pm On Apr 09, 2024

victorVIC1:
I'm curious to know the countries that US is indebted to

This is the list. The article is misleading. These are countries that are holding US bonds. It’s an investment and they collect interests on these from the US.

Foreign Affairs › Re: 20 Countries That Owe US Money by ponziponzi(m): 12:16pm On Apr 09, 2024

God1000:
Hmm, so china is owing US this much and not the other way round.

Well, this will finally address the debate and misconception

China is the creditor here not the other way round. These are treasury bonds.

Business › Re: N500b Capital Base: Capital Needed By Commercial Banks With International Spread by ponziponzi(m): 4:01pm On Mar 29, 2024

inoki247:
Lol with all the interest wey UBA dey declare dem no get up to N500 Billion as dem litter around Africa Country still.....

Opay wey no get international spread like that even come get money pass most of the banks...

We are talking about capital base and not assets. For example UBA asset is over $20 billion. Convert that to Naira and see. Just last year, UBA profit after tax is about N375 billion.

1 Like

Travel › Re: FG, UK Firm Sign Mou For Port Harcourt–Abuja Rail Line by ponziponzi(m): 5:55pm On Mar 15, 2024

benuejosh:
if you took your time to read you will understand that the government is not paying a dime. This guys will construct, commission and operate this particular rail line all by themselves. This is pure business. While they're doing this business to their gain, they're in turn building the Nigerian rail infrastructure. Nigeria government will only provide an enabling environment for them by removing bureaucratic processes and others.

Don't be naive. Does this company look like they can build anything? Are there any records that show that this company has managed any project or business in the past? When you want to award a project or enter into an MOU with a company, you look at their capacity and history of handling similar projects. Critical thinking is important.

1 Like 1 Share

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