₦airaland Forum

At 17% flash rate minus a 15% inflation rate you are really not making much progress. There are better investments out there. The only attraction of T-Bills is the risk profile.

You can only truly profit from the market if you are out there where similar rates are single digit and you invest here capitalizing on the relatively stable exchange rates (for now).

So it answers the guy who was saying there is no advantage relocating overseas. This is one of the reasons why.

No need to talk about this.
If you are into durable goods you will realise the decline Nigeria has witnessed since 2015.

Vertical collapse straight into the ground almost always means a sinkhole opened up underneath the building.

In this case it will not be a structural defect but a soil bearing, subducting failure that may put other buildings close by at risk.

If vast quantities of soil are being washed downhill from that area, the whole inhabitants better pack up quick and run for their lives.

FreeStuffsNG:
Other participating states expressed support but are still completing domestic procedures to formally join, with the door left open for further signatories.
I think we should be in this category and not among nations already signed up to fight Saudi's war on Yemen.

Our parliament should have been consulted and approval obtained before our military leaders sign up for such war expedition.

It is Trump's war, not my war as a Patriotic Nigerian. My Asiwaju will not fight Trump's war or waste the lives of our armed forces members to fight Trump-Saudi's wars on Iran and Yemen.

Okay, you don't want your country in that war but you encourage others to keep fighting and killing each other.

Very objective.
You can see that your understanding of the issues is limited to sentiment. Now that the war is spreading, alliances are ebbing and flowing in the face of calls for ceasefire that have gone unheeded you will be surprised where this will end.

ojuu4u:
Appointing him professor for the sake of breaking records.

Which age did he start elementary school?

At what age did he finish post primary education?

When did he graduate? Even if he jump Masters, can he also jump PhD?

Writing and publishing several papers, for local and international journals.

Promotions till highest level of academic attainment.

Lastly appointment as prof.

If they deceiving you, stop deceiving yourself.

Did you see the thesis board behind him...
Look very well oh.
Is that what your typical 18 year old runs with.

We can only afford what we can afford Madam.
Think outside the box. Use technology to bridge the gap.

They give you more and you will be setting up road blocks on the highways, asking for patrol vans and sirens, rifles and bulletproof vests.

One way these agencies can resource is to engage the public through symposia, fairs, outreaches, townhalls to sell their mandate to the public while recruiting adhoc, part time staff particularly at the specialist levels who will work part time, contract on honorarium or just a plaque of commendation and a pat on the back.

This is what I also hope for less endowed agencies and even the proposed State police in places where finances are tight.

Gotocourt:
It's a low budget one though, I've witnessed several scenarios at Jos. You must pay, bouncer will pin you down.

Wow, that is serious.
Why will anyone want to go there.
Look, all these stories are becoming something else.
If on a date, whoever is paying is ordering.
That is the way it used to be.
I just don't understand what is happening to folks these days.

This is not a hotel, but a motel or brothel. The surroundings speak of the kind of people that will patronize and the staff look and act the part. They are all losers.

Is this not EXACTLY what I have been saying. But the deaf government and their slow supporters cannot seem to understand.

A woman is bleeding from a traumatic experience and she is insistent on fixing her nails first to look 'beautiful' in the theatre.

Pointless, grandiose projects when the main arteries of the country are in a sorry state. Highways of greater economic and human value that should be done first and best.

Attend to those first, stabilize them then you will receive natural plaudits and political capital to do your pet projects in your well deserved second term.

But I guess their pet contractors cannot wait that long. With insatiable greed they want it all now...

Another project that I cannot understand.
Just like the Morroco pipeline.
Why do leaders of this country remain so pig headed in not only wasting scarce resources, but comiting the little they have to completely misplaced priorities.

Industries here are suffering from energy crises and instead of the infrastructure to saturate the country with gas you want to pipe it through countries literally at war, where as was reported, the pipeline is only as strongest as it's weakest section....

Now you are building rail infrastructure into another country whose borders are notorious for insurgent infiltration when Nigerians can hardly travel city to city efficiently due to patchy to non existent rail links, thus further jacking up the cost of living and the cost of doing business.

Just don't understand this country.

That is how they prioritized the export of crude over refining and refined products for decades only to depend on the private sector to power this economy when import of gasoline and co. became an economic millstone. Was it a sin for NNPC refining to have taken up the entire 2 million barrel output and export refined products at value added instead.

Now the same diseases is afflicting gas.
Natural gas that can be processed into dozens of value added products right here in Nigeria they prefer to export raw, then import the finished gas products at enormous cost.

Where is the east-west and east-north railway to trigger massive industrial spread throughout the country...no. What about railways to move goods cheaper and more effectively thus reducing cost of living and doing business...no.

They rather build one to a country with a GDP less than ours. Which can neither afford our goods in quantity or offer any cost savings to our industries or economy. If we wanted an international rail line then it should be with our biggest trading partners around us, the west coast rather than Niger republic that has practically nothing of worth to offer us.

Cannot be factual.
Who dresses like that to a graduation ceremony.

Good....to lend a hand and pay the bills.
Better....to set up good healthcare systems.
Best..... with functional insurance.

kachistone:
I doubt if students will impose uniforms on themselves. Most university students prefer to wear trendy clothes and are likely to kick against a uniform except it is a departmental or faculty directive that will attract sanctions on dissenting students.

While spending every waking moment chasing trends with little resources left for the purpose of their stay.

Better to feel oppressed so you can focus and get the hell.out of there in record time.

It is not a life sentence you know. After that you still wear a uniform in youth service....then forty, fifty, sixty years of liberty to wear whatever you like and make whatever of your life.

The academia has always revolved around discipline and conservativeness.

I like.it.
No distractions from looking the part.

nairalanda1:
The police should look at cases the judge handled. I don't suspect bandits, I suspect hired guns who were sent to deal with the judge for a judgement that did not favor somebody.

What is the definition of banditry again....
Lawless....guns....samething.
A highway man and a bandit are two sides of the same coin.

Is this not a FAILED STATE.
Haba, court room....?
That is the law being overrun.

The people of that state should take a tour of the US and read about the Wild West and how the Lawman conquered by the rule of the gun...

All these pressure tests just shows how weak we are as a nation. Imagine an invasion by a foreign country....how will we survive that

adaxme:
We saw what Jonathan and Alison did with power.

And just saw what Buhari did with power
U people make me sick

Exactly what I am saying.
The lot of the black man is 'revenge'.
He cannot build anything decent, equitable, prosperous and sustainable. No. It is always a race to the bottom. To see who can be badder than the last. A cycle of misery.

If only all these can make the country better, the experience of the average citizen more palatable...of course it cannot. It is all crabs in a bucket.

Funny people.

Barking up the wrong tree.
Restructure so that you the citizen seizes power from the politician by controlling institutions and deciding who appoints who to what, you say no.

You say you want your leaders you elect to be ALL powerful so that they can do their jobs in the spirit of 'cooperation' instead of 'confrontation'..... then you wail when you see it does not work in your favour.

Nigerians are so dull....kai.
Can't think beyond a moment.
Just relax. After 2031 turn the tables and oppress your present oppressors. That is how we roll in Africa, from one calamity to another.

Because it is the nature of the 'male' specie to be territorial. To 'have' and to 'hold'. So he goes out hunting to have and that which he has he fights to hold. So your hubby is only practicing his primordial instincts.

mightyhaze:
Obj sprightliness no be here

Even at 90

Takes good care of himself.
During his time we didn't hear about wasteful foreign medical tripping every fortnight.
Pity he brought an exact opposite to bear of this country afterwards that has led to so much political instability till date.

If people are popular, why do they need to buy votes.

Nigerians should understand the consciousness of a politician exchanging money for governance. It is an admission of failure in the past and certainly failure to come if anyone collects it.

He is simply saying, 'take this. This is all the impact you as a person will feel from my government, nothing more'.

It is really debasing.
If you are really popular it is the citizenry that will mobilised themselves to aid, assist, serve, volunteer in preparation and execution of your mandate at the polls, not the other way round.

Can't support this under any guise. Just irritating. Like paying a hooker.

grandstar:
Trump had. Een warned by his army chiefs not to go to war with Iran. He refused to listen,hence, this mess.

Trump only tried to make peace when it was clear the US couldnt win, and Irans closure of the Strait was harming the US and world economy.

I dont know who breached the ceasefire agreement. However, punishing Iran with bombs will yield nothing, The Iranians will simply fire back. US military commanders are saying America is running out of missile interceptors.

These missile interceptors are not only expensive but take years to manufacture.

They are the only weapons they have against Iranians rocket, missiles and drones.

You know.
It is the Iranians who breached the ceasefire and fired on two ships damaging them and injuring crew. They initially denied, then said it was probably a rogue IRGC commander.

Yes, this was not enough for the US to resume hostilities but clearly both sides remain belligerent and uninterested about peace.

I did warn that the war will escalate and spread engulfing other Gulf States because of the defence pacts they have with enormous consequences for global energy, economy and stability.

For Nigerians yapping about war like a bunch of puppies while taking sides, just know this, Your government is constantly dangling at the edge of insolvency through poor financial management, budgeting and spending far beyond even 200 dollar oil. If the world goes into economic shock the debt engine will freeze up and this government will likely not be able to meet it's obligations across board.

So you all better start praying for peace.

The picture attached, the famphotop says a lot about the dynamic of the family in the first place. Looks quite uncomfortable.

helinues:
Workers salary delay , Zero under this government

ASSUU strike, it should be the lowest, not sure it's up to 3 months

Even the opposition themselves can't remember the last time they queued to buy fuel

Before asking are these achievements, of course yes because the masses are the beneficiaries of the effectiveness.

The same common man can't deny all what I listed above. That's why I have been advising the opposition and their supporters to be mindful of how they undermine the efforts of this government in the presence of those who have benefitted from it or experiencing them

What about standard of living.
What about the poverty numbers....out of school children...

agabusta:
Nice!

I saw one TV interview where one retired Group Captain was running his mouth and criticising the expansion of the Army. He was on air asking about threat analysis this and that, as if the military will conduct a threat analysis and then call a press conference to release their findings. Nigerians must always complain. You do, complaints, you no do, complaints.

The president should keep pressing forward abeg. He has the support of the masses.

In time of war militaries round the world expand in size and depth. When the threats are over they shrink in return.

When insecurity is finally capped these new formations can be dissolved and absorbed back into the old force structure, personnel strength can be reduced to old levels and excess equipment can be kept in storage.

In the States this is very common and that is why you often see combat veterans in their 30's and 40's. There is no global standard that says a career in the armed forces is for life.

Obasanjo was the last President that did a massive cull after the nation transitioned to civil rule. Though some say it led to our unpreparedness when this problem started a bit later during Yaradua's tenure.

So the expansion of the military at this time is apt and critical and the government should be commended for taking that bold decision.

Babinski:
Have you read reports that Boko Haram and ISWAP are using more sophisticated gadgets than our military? If our military were so competent, would they not have routed Boko Haram and ISWAP since?

Of course the Airforce will recommend aircraft because it would be under their control. It is typical Nigerian self serving behavior. A drone does not need such specialized skill to operate and the Airforce may not be so relevant in that scheme.

I hope the Airforce 'control' is only temporary until the State police thing is effected. Then they should be in control of the State police. States have given a lot of gear to the Federal Police for a long, long time. No one has cared to assess how this has helped their mandate.

The state should ensure it is used for security purposes only and within the boundaries of Oyo state only. This should not be another PHCN and private transformer wahala.

States CAN handle their own policing if they summon the will to. The resources can be found if security is a priority and if application is result oriented, believe you me the people will pay the bills.

The LAPD has about the largest police fleets in the world and that is just about 20 aircraft. So to start with two is not bad at all.

If every governor adds just one air asset per term, before you know it the skies above the state will be covered.

In the north this is imperative, where we have heard rumours of bogey aircraft dropping off arms and picking up contraband ever since the Obasanjo regime.

Yampotatocarrot:
I love what the minister of finance said in the concluding paragraphs... He said Nigerians should rather be finding out what the debt is for, and what cost, against what return, and repaid on what terms?


Unfortunately, they (the government) don't release those details, so he's basically shooting himself in the leg

No, no, no.
In a working democracy it is the exact opposite.
The people know and approve before the deal is done. So they have details of EVERYTHING and AGREE as the best course of action.

So we better wake up and start insisting on the absolute independence of the Legislature so that WE are empowered to KNOW and AGREE or NOT.

We have made it as easy as possible for them to be financially reckless so they have. It is incumbent that absolute power corrupts absolutely.

The Americans know this and forces Trump to seek permission from Congress to prolong the war in the Mideast. They are not hating on government, just holding it accountable so that it is an American war not a Trump war.

Whatever government seeks or does as they claim by Nigeria for Nigeria must be so indeed. It is highly irresponsible to go taking on monumental credit on behalf of the citizens and then telling them to go figure after the fact.

They borrow for unproductive things which fuels inflation. Inflation slows down the economy cutting revenues and they pursue the revenue pit by borrowing more.

A vicious cycle this government cannot get a hang of.

We keep on telling them..Stop these white elephant projects, cut the cost of governance. They say no. They want to have their cake and eat it. Let me see how they will square this circle.

When a man's business is faltering, let us say he has a shop, factory or farm and he has a whisker of a chance to inject credit, please my people tell me what he spends the credit and the little earnings on.

New cars?, employ more workers with big salaries?, renovating his shop with new 'concrete floor' or in the very items that will:

* Immediately repay the loan so that the poisoned chalice is taken away.

* Get his business firing on all cylinders to get back to his feet.

And in the meantime all savings possible are made, all cuts possible are done. That is a man that will come out of debt and prosper long term because the lessons of austerity will stick with him for life.

But we have a government more profligate that all it's predecessors, commanding government overheads larger than ever before and one that is offering the least in terms of social responsibility towards the citizenry, individual and corporate, the very goose that lays the golden egg it needs.

Just a pity.
After elections the tax master will come out in full force to tell you how you are not contributing enough to their 'progress'.

Oracleee:
I support this ban. I have a friend this thing affected so badly. Dude will just go and buy gbefun from any money you gift him to hold himself together. I watched my once active robust friend become fragile, docile and a shadow of is normal self. I had to stay away in other to stay afloat myself

Thank goodness my DNA doesn't accept anything bitter and never tasted alcohol. A whiff is like inhaling gasoline isn't it. Enough to throw me off. Can't imagine how people pour that thing down.

They have time for all these because there is no pressure on them. No pressure to perform, no pressure to deliver, no pressure to govern unlike their counterparts in advanced societies that are perpetually under siege, these ones just do as they please.

The people should realise that these leaders are only there for a relatively short but consequential period of time and should exact every ounce of virtue from the huge and important mandate they were given.

When their terms are over they can gallivant and trend on things they like all they want and no one will notice.

TopBanter:
Lol. Sowore that polled 27k votes or so in the last election? Do Nairalanders praising and supporting the clown not understand what that pathetic vote count means.

I.e the brutal fact that sane, reasonable and progressive Nigerians do not rate him at all as a leader?

Let him keep acting like a student union activist approaching 60. It is is why only 0.1% of Nigerians rate him as a political leader.

If the vast majority of Nigerians are always so right about their choices then why is the country like this. Why hasn't it made any meaningful, measurable, positive stride since 1999. Why hasn't it been able to solve any one fundamental problem besetting it.

Hope you will not be conducting a vote to run the affairs of your personal life this way. It won't be funny.

You can be certain that without restructuring whatever the vast majority of Nigerians ate doing will be certainly wrong. The proof is in the outcome, the performance.