₦airaland Forum

Israel is a rogue nation.

Ukrainians defending their land against Russia are "patriotic and brave."

Palestinians defending their land against Israel are "terrorists."

There is no justice in the world.

Twitter "active" users are a conglomeration of mostly bitter cowardly sadists who prefers to fight and vent behind keyboards under their wife's wrapper rather than become masculine and face the real battle in the real world.

Why do Twitter keep attracting cowardly lo.sers?

What is wrong with what the Police officer said?

Is sports betting illegal in Nigeria?

Is govt not collecting taxes from the gambling industry?

The officer didn't even promoted anything, he only used sports betting odds system to illustrate how Arsenal has improved under Arteta.

To answer your question; It is because they are super rich and financially stable.

There is no point for them to permanently relocate abroad to go search for what they already have.

I have written on this severally, Apart from Business men, what about celebs? are they relocating? The No.1 and major reason Nigerians are immigrating is purely due to ECONOMIC REASONS.

It's not because of Insecurity.
It's not because of poor infrastructure in the country.
It's not because of poor health care system.

Forget about the talks, solve a Nigerian man money problem and see return to enjoy his money.

Annual rentage wildly practiced in Nigeria is one of the reasons why we're not having serious homeless crises here.

The homelessness issue in the US will be a child's play when we starts monthly rentage with this kind of economy we are having.

What is the purpose of Electric vehicle? They said it will help to protect the environment.

Truth is, Climate Change is a big scam. I pity the sheeple blindly following all these woke/ liberal policies and agendas. The global temperature has been changing back and forth since the history of this planet. There's nothing strange about the current warming we're experiencing. Don't take my word for it, just research on it.

Your electric car is being charged by electricity generated from oil & gas. The interior of your electric car is made of plastics produced from oil and gas. Meaning you haven't yet avoided oil and gas.

If you have been brainwashed to accept electric cars in order to save the planet then you are the JOKE!

This is not NDE because you didn't pass out.

Check this:

https://www.youtube.com/watch?v=DRc430cTkQk?si=7noJeHLhhEIvtTlO

I'm late but let me drop some truths:

1. EMBRACE SUFFERING: There is no absolute bliss in life. No matter your status, at some point in life, you will experience either financial, physical, mental or emotional suffering. So prepare your mind for it.

2. BE CAPABLE OF VIOLENCE: Be capable to cause absolute violence but be peaceful as an individual, organization or a nation. That's the best way to attain respect. A man who is said to be peaceful but incapable of violence is not truly peaceful but harmless and weak. It's when you are capable to cause real harm but chose peace that you're truly peaceful. Also your capability to cause real violence will always attract respect to you. That's why NATO hasn't invaded Russia after too many talks because she can cause real harm to NATO...Nato respects the country. That's the reason Iraq and Libya were invaded by NATO because both can't do shiit.

3. WEALTH IS TRANS-GENERATIONAL OR PREDESTINED: Forget about hardwork real wealth not riches is either transgenerational, predestined or luck... 100 people from same Kano State can do the exact same things that Dangote did without making it big. Bye!

kunle4toyeyaho:
Online judge, don't worry those records would be released after a particular day. Tinubu is a smarter politician,he just want a delay in the release of the record till the last day of filing brief at supreme court. This politics,it has to be played smartly. Relax,all the records would be released but no case of perjury/forgery would be established.

Read the bolded very slowly.

You're just confirming that what will be found in his yet to be released documents will contradict the one he filed at Inec.

nairalanda1:
For anyone who wants to understand why I am so opposed to subsides, even though it means that it would hit my wallet badly....and it is doing so, yet I don't think that paying more for subsides is the way forward, read the article linked below

REFLECTIONS ON FUEL SUBSIDY REGIME



The above link is my answer to anyone who quotes me to either call me

1.An oppressor

2.An APC supporter (I am not, and this decision gives me more reason not to vote for them even)

3.A joker

4.Work for the oil companies (I don't, and never have....)

I have read your article, nothing new there... just the usual rethorics; Corruption in the sector, Fuel smuggling to neighboring countries, subsidy being too costly for govt etc.
I have argue with you on this topic here on NL. It seems you're working for some people.

1. What stops govt from tackling the corruption going on in the sector? I thought they are the ones in charge? Egypt, Angola, Algeria, Libya subsidizes oil in their countries with no noise of corruption in their oil sectors. Why is our subsidy different?

2. During Trump's administration, he collaborated with Mexico to send 26 thousands Mexican troops to the border to checkmate illegal immigration. You can't tell me that govt in Nigeria can't drastically minimize oil smuggling.

3. About subsidy being too costly for govt., Then govt should divisify to earn more FX. Egypt, Angola, Algeria and Libya still sell cheap fuel in Africa. In fact Egypt with 112m population produces lesser oil than we do, they rarely export. They even import crude oil to compliment their local consumption yet pays billions of dollars to Petro subsidy this year. Subsidized Fuel is sold at about N301 in Egypt as of today.

Here are reasons why I think subsidy or partial susidy should be a right in Nigeria.

POOR POWER SUPPLY:

Subsidized oil should be a fundamental RIGHT in Nigeria because "petro and diesel" are tied to electricity generation in Nigeria. Millions of businesses in Nigeria rely largely on it for power generation and survival. A country that has stable electricity can't remove subsidy and Nigeria with poor power supply will follow suit.
You stated in your previous post that Ghana sells fuel at over N1000 per liter. Ghana citizens doesn't need fuel for something as crucial as power generation due to their govt provision of stable power supply.

NAIRA FREE FALL:
Govt over the years has failed to fix our refineries making us to rely heavily on imported fuel purchased with scarce Fx. Your 2022 article stated that the landing cost of fuel as of then was N396 now the news on this post is talking of N900 due to the exchange rate. What it means is that in the absence of subsidy, fuel can even be sold for 5k or more per liter in the nearer future as Naira continue to fall.

Is it not idi.otic for politicians in Nigeria to says that corruption in oil subsidy is the main reason they want to end subsidy and the mu.mu masses in Nigeria accepted it. Why not tackle the corruption there first?

All over the world, govts subsidize essential products and basic commodities for it's citizens.

LegendHero:
It seems Talibans have resorted to flogging people as punishment. The guy is so lucky, if it is the Talibans I know, they would have cut off his head and send it to his parents in Nigeria.

Those guys no get joy.

You don't know what you are talking about. You're clueless on this topic. This is a quote from the news:

"He was in Afghanistan to obtain drugs before transporting them to Africa."

That guy didn't bring in drugs into Afghanistan rather he went there to purchase it. Afghanistan is the world's largest cultivator of opium poppy seed used for heroin production.
He probably went there to purchase it for onward export to Europe.

Also, Talibans largely funded their over 20yrs insurgency in Afghanistan from proceeds of opium trade. Even after Talibans returned to power, they are still heavily involved in opium trafficking. The parade you saw there is a charade, it's just similar with what efcc is doing with yahoo boys in Nigeria.

Procashtips:
So people who went to the university to become stock traders are gamblers?

People who went to the university to study weather forecast are gamblers?

Prophets (seers) are gamblers?

Traders who risk money to buy and sell to make money are what since gambling to you is about risking money to make money?

Is there anything you're not risking something to achieve in this life if this is your definition of gambling?

Economics graduates who use economic data and indices to forecast boom or doom for companies, businesses and even countries are gamblers?

An entrepreneur who create products with the hope that there's going to be demands for these products based on market research and forecast is a gambler?

Even you who went to bed with the speculation that you'll wake up the next day is a gambler?

Big companies (Dangote, MTN, Accessbank, JB, Dowjones etc) listing their market value shares on the stock exchange for speculators to buy and sell which in term help their company do well in the eyes of the public are also gamblers?

Everything listed above are speculations(forecast)

Life itself is all about speculation.

All the above analogies are based on your response.

I want to see you seperate these realities from forex trading/stock brokage since they're same with sport betting /baba ijebu.

You're just having comprehension problems here. Check dictionary definition of the word "gamble" to learn.

As someone who once undertook a risk management course, I'm aware that there are elements of risk in most of the things we do in life. But there are certain "threshold of risk" that can be reached in your business or dealings, it will automatically become a gamble.

Also, gambling is not only stricted to sports bet or casino. You can gamble with your business, family, career etc. For example; I'm a fan but Putin gambled with his administration when he decided to invade Ukraine. The fallout in the last 2 years shows how highly risky that decision was to his tenure.

You can't compare the odd of a market woman losing her capital with that of a Forex trader. A forex trader is 1000x more likely to lose his capital on the long run than a petty trader in the market because of the "threshold of risk" involve in forex trading.

It's the threshold of risk involved that made it to be categorized as a 'gamble' along side sports betting because both share same nature of extreme risk.

Procashtips:
Forex trading is not gambling just as trading stocks, shares and indices.

Where do you guys get the notion that forex is same as gambling?

All businesses that in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies trading. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment or business.

Gambling means "risking money to make more money." the Same 'risking money' that people do when trading Forex.

Forex is bet9ja in disguise!

I see Atiku as being more likely emerge the president from this whole process than Obi.

That your passport expired doesn't invalidate your citizenship. Infact an expired passport is a legit proof of citizenship of a country.

If Atiku can prove the Guinean passport. Tinubu will be disqualified and the second runners up Atiku will be install as the president.

Pierocash:
That is what the Niger Junta ought to have done to ease pressure from them. Send him on exile , constitute committee to investigate him,, charge him for corruption, and sentence him in absentia, case closed. All this " return Bazoum" that Ecowas and the west have been singing wouldn't have been there

Good point but the junta there know Bazoum more than you do.

There are leaders once you do that to them, they will mobilize the international community against you from exile and even organize insurrection from abroad. Bazoum looks like someone who can do that.

Check history books, it has been done repeatedly in the past. Even here in Nigeria, Nadeco did a bit of it against Abacha.

SmartPolician:
This is soooo brutal!

The truth is that everyone doesn't have the same mental capacity; I found out in the university. In school, some of us read to learn.

However, I was shocked when I met a course mate who could cram the text of an entire page of a textbook and reproduce it without looking at the page word for word. I am not kidding. God knows that I cannot do that. He graduated with 4.23. He nearly made a first class.

Meeting that guy exposed me to the fact that there are things one can never be, no matter how much one tries. Humans are not the same. Humans don't have the same mental capacity. Genetic makeups differentiate races. For Black Africans to come close to Caucasians in mental capacity, we have to invest massively in education

Lol at investing in education. Evolution will solve that not education. The Black race are intellectually below when compared with other races...that's the bitter truth. Some of us knew this all along but chose to remain mute in other not to anger some persons.

We are still evolving as humans. The black race will later catch up with today's level of the white race intellectually. That's what will solve the problem not investing in education. Lol you and I know that educated people in Africa are fully involved in contributing to our dysfunctional society.

All plants and animals has species and in these species, some are smarter, durable and better than others. These can be seen in dogs, cats, birds etc. Why do people think that this same differences doesn't apply in human?

Species in plants and animals is what we call races in human.

IconicR:
Good points, but it seems you are indirectly saying education has a negative impact on women in regards to marriage

Yes it does!

Mind you the 'education' you refers here is "Western Education" not Arabic or oriental education. What you called education today actually carrys with it beliefs and customs of the Caucasian race that developed it.

When you pick up a traditional African and have him/her educated, his or her world view automatically charges after getting educated. Gender equality runs deep in Western culture that's why you see a queen heading a monarchy in Britain which is rare in Africa.

The long lasting marriages of our parents and grandparents people often talk about was with little or no Western education.

Putin and Wagner group are secretly taking over French private business enterprises in Africa.

I predict economic crisis in France in the coming months.

Next will be Cameroon or Togo... just watch out.

Nigeria's 200m population is projected to hit 400million by 2050 no thanks to dvmb masses we have here in the country and also by that period, Nigeria crude oil proceeds will reduce heavily owning to the massive usage of electric vehicles in EU and North America by then.

A period of massive population explosion coupled with lower GDP will mean hell on earth in Nigeria... hyper crime rates with excruciating hunger and poverty. It's just 27yrs away from now.

Anyday I made it into becoming a dollar muti- millionaire, i will jointly purchase one of the private islands in the Caribbean, Asia or the Pacific with a few other rich folks and relocate there permanently with my family.

It's stressful living in a country with so much dvmb and ignorant people. Citizens of a country that elected Buhari and Tinubu back to back are definitely not normal.

No country is a paradise.

Hardship is everywhere!

it's only dvmb people that doesn't know this.

It's public knowledge that Tony is a confirm Guy-man.

Forget about hard work, dedication bla bla bla

You need manipulation, cheating, risk taking, smartness and recognition of rare opportunity to build his kind of wealth.

It's only "discipline" I can take away from what he said. You may use any method to make money but you need discipline to keep and manage money.

nairalanda1:
Oil producers like Algeria, Libya, Angola, and Egypt have

1. Smaller populations than our 220 million people. Libya has 8 million people and produces slightly more oil than we do. Divide the income and they have enough left over to eat their cake and have it.

2.Produce more oil or the same amount of oil than we do

3.Have mega diversified economies...Egypt is a tourisim , agro-allied and some industry.


4.Libya and Angola lose billions to fuel smuggling. Libya has even resorted to using airstrikes to stop smugglers. (Something we cannot do here because collateral damage. Libyan smugglers operate in very remote areas).


E get why they can afford subsidies and we cannot. Too many of us, a one track economy, and years of poor governance. If we had a higher income from tax and high income from industrial export, maybe we could afford subsides.

And even then, Angola and Algeria are struggling to pay subsides, and Egypt is phasing out subsides.

I got your points but know it that the govt focus should've been to minimize oil smuggling by securing the borders and elimination of corruption in the oil sector.

Unlike Egypt, Algeria, Angola and Libya that has stable power supply, larger part of electricity generation in Nigeria comes from private individuals powering their generating plants with petro and diesel. Production of goods in Nigeria is definitely going to decline due to this removal in a period where govt is preaching 'local production' to it's citizens to mitigate over reliance on foreign goods.

Egypt with 112m population produces lesser oil than we do, they rarely export. They even import crude oil to compliment their local consumption yet pays billions of dollars to Petro subsidy this year only. Subsidized Fuel is sold at about N301 in Egypt.

Forget about our population. Nigeria's REAL daily oil consumption may tally or even be lesser to that of Egypt because they have a more industrized economy. The cabal in Nnpc was putting up a bogus number as our daily oil consumption rate. That's the corruption in the oil sector Tinubu should have focused on along side sending troops to secure our land borders.

During Trump's administration, he collaborated with Mexico to send 26 thousands Mexican troops to the border to checkmate illegal immigration. You can't tell me that govt in Nigeria can't drastically minimize smuggling.

OIL SUBSIDY SHOULD BE A RIGHT IN NIGERIA

Is it not idi.otic for politicians in Nigeria to says that corruption in oil subsidy is the main reason they want to end subsidy and the mu.mu masses in Nigeria accepted it. Why not tackle the corruption there first?

All over the world, govts subsidize essential products and basic commodities for it's citizens. Oil producing nations like Algeria, Angola, Libya and Egypt all sell cheaper subsidized fuel in Africa and why are there no corruption in these countries' subsidy?

Subsidized oil should be a fundamental RIGHT in Nigeria because "petro and diesel" are tied to electricity generation in Nigeria. Millions of businesses in Nigeria rely largely on it for power generation and survival. A country that has stable electricity can't remove subsidy and Nigeria with poor power supply will follow suit.

All the political parties in Nigeria brainwashed Nigerians with subsidy removal citing corruption as the reason and the citizens foo.lishly believed them.

nairalanda1:
Fixing the refineries won't have caused a reduction in price by much. (Some say N70).

The refineries still have to be maintained, and repaired and kept in good working order, and they still have to pay workers at competitive rates. Guess what, we still have to import components for the refineries from abroad, then they have to pay taxes, and pay for community projects.

And all that costs money.

Fuel isn't cheap. Niger, Ghana refine fuel from domestic crude, and fuel costs above N800 in both countries.

That's false! Niger and Ghana still import refined petroleum from Europe and Asia, their local production is not enough just like here in Nigeria. There is only one major functioning refinery in Ghana at Tema. Ghana oftentimes import crude oil from Nigeria at international rate.

Then the question is why not privatize the refineries if govt can't run it efficiently?

Truth is, Tinubu is a failure. Is it not idi.otic for politicians in Nigeria to says that corruption in oil subsidy is the main reason they want to end subsidy and the mu.mu masses in Nigeria accepted it. Why not tackle the corruption there first?

All over the world, govts subsidize essential products and commodities for it's citizens. Oil producing nations like Algeria, Angola, Libya and Egypt all sell cheaper subsidized fuel in Africa and why are there no corruption in these countries subsidy?

In fact, subsidized oil should be a RIGHT in Nigeria owning to the fact that petro and diesel are tied to electricity generation in Nigeria. Millions of businesses in Nigeria rely largely on it for power generation and survival. A Nation that has stable electricity can't remove subsidy and Nigeria will follow suit.

Even if Tinubu resolve to remove it, is it not common sense to first fix the refineries either by borrowing to fix them or by handing them over to private ownership? Why the rush in removing the subsidy by Tinubu? ...That is if the plight of the masses even crosses the man mind before taking decisions.

If Tinubu lead ECOWAS foolishly fired the first shot in Niamey, larger part of northern Nigerian and Niger will become another Ukraine.

NATO - Russia war will be shifted there.

This is absolute rubbish!

What a dumb comment by a Central Bank chief. Nigeria is running a huge deficit in her balance of trade coupled with multinational corporations in Nigeria requesting huge forex to repatriate back to their home countries.

Diaspora remittances in Nigeria in 2022 was about 19.8 billion dollars. Even if you double that amount and send it through the official channel to Nigeria, it won't still solve our trade deficit problem. To solve the issue, end those things depliting our forex, like importation of petroleum products. A huge oil producing Nation like Nigeria has no business doing that.

I don't know why incompetent hands keep heading crucial sectors in the country.

This war belongs to the French? Why is Tinubu overacting? I know he is going to Niger in other to stop his own military from getting inspired by the military coups happening in many West African States.

He is underestimating the possibly escalation of the war. But he must know that once the wars in Niger gets protracted, it will be more easier for his own Army to topple him. He is miscalculating.

The war he thinks is easy might brought a rapid end to his regime.

Hardship is everywhere! It's only Ignorant people that doesn't know this.

Location can't end hardship.

Many Nigerians are interested in learning how to make money. Only few are interested in learning how to manage money.

Money management is more important than money making

Riches comes from "RISK" taking. Be it legit or illegit risk taking.

HERE IS THE FORMULA FOR WEALTH (for someone that's coming from ground zero)

1. Take a calculated risk to make money.

2. Use that money to take more risk for more money.

Then

3. Live below your means.

That's the formula. You will be rich forever!

Nigeria's 200m population is projected to hit 400million by 2050 no thanks to dvmb people like the Op and also by that period, Nigeria crude oil proceeds will reduce heavily owning to the massive usage of electric vehicles in EU and North America.

A period of super-massive population explosion with lower GDP will mean hell on earth in Nigeria. Hyper crime rates with excruciating hunger and poverty... It's just 27yrs from now.

The govt in Nigeria should as a matter of urgency implement 2child policy in the country. Persons like the Op should be arrested and castrated if possible because an arm robber that will kill and terrorize our towns and villages in 10 yrs time maybe be traced to what the op did today.

Lagos & Abuja middle class starts from 750k per month.

Other Nigerian cities middle class starts from 500k months as at 16th, July 2023.

POPULATION IS A BIG FACTOR IN DEVELOPMENT; LET NO ONE DECIVIE YOU.

Despite infrastructurel development in China and huge funds in the hands of the Chinese govt, there are still tens of millions of poor people in rural China. An average man in smaller Luxembourg lives a more quality life than an average Chinese person despite the fact that the Chinese govt has over 200x more money than Luxembourg.

Lesser population helps in bringing development than even "good governance" Take for example; India is the largest democracy in the world with the population of 1.4 billion. The media rates the govt in India as excellent. While govts in countries like Saudi Arabia or Qatar with the population of 2.6m and 35m respectfully are seen as autocratic or totalitarian regimes with no election and having one family ruling for decades. Yet the average lives of a Saudi and Qatari citizens in a supposedly bad governance are better-off than a average Indians in a democratic leadership.

A family of 4 with total monthly income of 250k in Nigeria will live more quality life than a family of 10 with an income of 400k regardless who is leading the family.

The international standard of electricity generation is 1000megawatt for 1million people. Nigeria currently needs 200k MW for her 200m+ population while she is currently having 7000mw. No good governance or leadership in Nigeria will get you 200mw in 20 yrs. It's not even feasible. But a smaller country like Benin republic with 13m only needs 13k mw or less for steady power supply thats why they are having it.