₦airaland Forum

Dreamwaker:
I'm sorted for two months

givan:
Where would you be when next the moon crosses this path?

lalastical

duni04:
Nigeria is in a serious dilemma. The variables affecting pump price are just too distant and unpredictable. If the price of oil goes up, our earnings from crude sale is supposed to go up to but those idiots in the delta, blowing up pipelines won't let it be. Then the IOC's that are supposed to sell more dollars to the marketers have less dollars to sell.
The our forex regime is another variable. The higher the value of the dollar, the more expensive it is to import.
These problems we're facing are relics from the past. The past managers of this country really failed us.

Oletty:
Nigerians don't seem to understand how bad things could get. Oil is an international commodity and refined products trade at a premium relative to crude oil. Years of subsidies have not only distorted the price of refined products but also killed productive enterprise by fueling wanton and unnecessary consumption not backed by an increase in productivity. The government is now too broke to regulate the price of PMS, diesel and kerosene. The markets will determine the price. If the government intervenes, there will be scarcity.

The good news is that a market-reflective price of petroleum products would make renewables (like solar PV) more competitive in Nigeria. With diesel at N200/litre, solar pays back in 6 to 7 years. And this excludes the health effects and noise pollution caused by burning diesel and PMS in generators. Think of all the future health liabilities like cancers that will result from these.

The government should let the markets determine the price of petroleum products and allow cost-reflective pricing of electricity. Without these, there will be little to no investments in power despite the best efforts of Fashola. Subsidies only work if they can be afforded. Nigeria today is broke and with oil probably going to stay low forever (yes, oil demand will start declining in about 15 years time as rich countries transition to alternative energy sources), this is the time to start building productive enterprises, encouraging entrepreneurs and investing heavily in infrastructure. Population control might also be necessary as the annual 3.3% population growth rate has already become an unsustainable time bomb. No country in the history of the world ever got rich while people procreated without restraint. In Europe, they managed this by shipping excess people to North and South America.

Grid electricity prices at N20-N35 ($0.05-$0.075) per kWh are a sham. These barely cover the cost of generation. No country in the world with round the clock electricity charges such low prices (except in the oil-rich Middle East) given that there are transmission and distribution costs still have to be factored in. What it means is that electricity in Nigeria is subsidized, which is why there is no electricity in the first place as no one would invest--yet we are willing to pay N70/kWh to run diesel and petrol generators! Dangote only opted to build his ongoing mega refinery when government assured him that the refined products market would be deregulated. When completed, his refinery would have a significant impact on the country. The same can be done for power. Deregulate and investors will come.

Development is not rocket science. It is the outcome of sound and progressive policies. We know the problems, we are so unwilling to tackle them head on.

DaudaAbu:
It cant be for storage of data thats for sure.

But the one we hav has it been fully utilized?

maclatunji:
We need an audit of the net worth of our traditional rulers.

sakalisis:
Oba awon UniStrikes

veekid:
I think Obasanjo will work fine; wor do you think?

veekid:
Who is gon act as Reymond Redington and reveal to us this cabal pple?

Use the like button or quote if you understand this




#Blacklist

UrennaNkoli:
The kind of things the likes of Seun loves to see..
Accept Christ today.

I must confess that there are lots of contradictions in the bible. I'm not really that much of a religious person but I believe there is a God. Religion is not necessarily the only way to reach him.

I don't believe in religion but I believe in God .

sonmvayina:
it shouldn't, just know that the bible is all an allegory, a parable used to explain some spiritual truth..you are to read the whole story and learn the message within the story..the word of God killeth, it is the spirit that gives life...thanks.

Seun:
Does anyone think the author's husband would have fared better if the lady decided to hold a prayer meeting before rushing him to the hospital?

Thermodynamics:
My guy i don't think religion limits and restricts men from using their mental faculties, you can still believe in God and go ahead to do great things, God does not limit you, instead he empowers you with greatness. Religion gives you a sense of hope and a real purpose in life. There are alot of inconsistencies in religion, we can't understand it all because the spiritual realm is beyond our comprehension. I believe that someday God will answer your questions when you meet him, and you will understand and see things differently. You just have to believe blindly(mad faith) and know that his ways and thought are higher than your. It's better to believe in something than nothing, Atheism takes away the hope.

IamNawty:
People culd be judgemental oshi woh..
Ur ode self was married and was still gbenshin anoda lady.. Oga ders no justification watsoever for fornication/adultery.
No wonder Toke dust u away almost immiediatly without thinking twice. How wicked can dis man be sef, how can u feel comfortable straffing anoda lady wen ur wife is at home eh