₦airaland Forum

SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

I said it somewhere that the.end of oil has started and some who lack understanding came for me, I still stand on that. In Kano, as we speak, a young man has fitted Keke and some commercial mini buses with 100% electric power, he is still improving.
The only option Dangote has now is to do what he is known for, use govt to frustrate all other petroleum importers. Can you imagine what the idiot sought and got? Make him the sole supplier of refined product, even if he is out of product, only him can import. If he had gotten away with that (which he would have if the dullard was still the president), he would have claimed his refinery is now running, and then he will import fuel to his yard and sell from a yet-to-function refinery.
The kind of economic revolution that will happen in Nigeria in the next 5 years will shock the demons called politicians.

As we speak, some people has already jettisoned petrol, and the number can only increase. Yes, I agree with you, dangote may perish with his monopoly if he doesn't bribe or blackmail tinubu.

Goalnaldo:
example of those apps please

What's your location?

maasoap:
Some of these helpers sometimes don't think clearly about the best way they could render assistance to people.
He should have relocated them to a safer place in the North. The same thing with the pastor who sent dancing kids to abroad and it later backfired

It is the same pastor. I feel he has done his best, people should help themselves when they are being helped. I like my help coming as a surprise, and I don't like making promises, before my good go turn to debt.

I have not watched the video, but I've been meaning to make a comment on this issue. I see this as a mark of disrespect and ingratitude. The man removed you from a death zone, you should not get lazy, take it from there, work hard to take care of yourself and stop waiting for handout. Abandon? It people's offering and tithes he is using to take care of you. How much tithe and offering have you contributed. Come on, get your ass up and go get a job and help others. Enough of this gaslighting of q man who has helped you.

eteebanky1:
Why can't you guys atleast, input your rate in the write up

Thieves, scammers

Are you looking at those people. So to send money I will go through all those stress, instead of downloading many other existing apps and just link my bank card and transfer straight. Which kind suffering be this one? Go and buy bitcoin, then come and transfer. Person wey dey enter the market dey make him market costlier than player wey don dey market. Abi na juju dem carry enter? They are not ready to do business yet.

ExclusiveBet:
https://www.google.com/amp/s/www.withinnigeria.com/entertainment/2023/06/21/i-cant-beg-davido-olamide-for-help-dagrins-mum-cries-out-seeks-financial-assistance-video/%3famp=1

I don't mean to sound anyhow but the woman is sounding very proud and entitled, it shouldn't be so. I know a lot of you are saying her son should have been a millionaire if still alive, but he could have been useless also, nobody owns this life, na visitor all of us be. There are many other women out there struggle to make ends meet, i don't think she is better than them. Why would she not want to hussle? She should be more humble and look up to God while asking for help. How can she say she can't go and meet Olamide? haba! Ok na, na Ruffhandu go come give her the 5m wey she want.

Christistruth03:
Emefiele should have been sacked the moment he bought the N100 Million form to contest for President

He was very Politically Partisan

and he manifested it later

Central Bank Governor is a completely apolitical and neutral position

Not just sack, thoroughly investigated. But honestly, I thought it was all a rumour, my mind don slip commot from Nigeria that time so I was not interested in the news. But I saw some things online later that made me start wondering if it was actually true.

Samunique:
This news get as e be o, I don't think Emefiele will be this foolish to keep such money inside his house !

You don see am na, hard to believe. But come to think of it, accounts to stash the money fit don full, so this one na over excess. Or, as they do, this is quick bribe money almost every Nigerian politician stashes in his house. I tire for Nigeria.

Nigerians won't take heed now, when their asset disappears into thin air, they start tagging efcc to go and recover their money.

gidjah:
I really don't know what he wants and intends to attain going by all this frauds,unloyalty he metted to Nigerians by conniving with the Very few abokis in Buhari regime,yes he fraudulently empowerd elrufai but can the same elrufai be arrested and attended to by dss just the way he was ?? I trust the govr to mention names or alliby,just hope this administration would be able to pick up every mentioned individuals else we are likely to see this as witchunt from a Yoruba administration

hmn!

No Nigerian likely qualifies for this loan. To qualify, you must be earning below minimum wage, meaning you are civil servant at least. How many people below that line pays tax? Tax clearance is a condition to access the loan. You see that tinubu doesn't mean any well for you, he only wants to generate more money through school fees.

abibox02:
No to corruption, but If this news is true,Emefiele is book fool.

Mehn, it was published by tribune, I doubt if it is fake. You know, these people don't care any bit for the average Nigerian. Have you heard of the massive corruption revealed by one ex-member of HOR about emefiele and his cronies on stamp duty? Oh my God. The reason the narration on your alert was changed from 'stamp duty' to electronic wetin wetin? Shit! is it the dangote refinery scam? Mehn, if nigerians leave these people in few years Nigeria will be worse than places like papua new guinea. These Nigerian political 'big men' are no better than devil himself.

Now I know the emefiele guy is foolish. A banker, keeping bags of currency in your house? Nigeria is filled with dumb people, or should I attribute this to impunity that reigns supreme in the country for anyone who has access to power and wealth?

No fewer than 18 Ghana-must-go bags containing money and documents have been carted away by operatives of the Department of State Services (DSS) from the residence of the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Nigerian Tribune has been reliably informed.

Nigerian Tribune gathered that the money and the documents were taken from the Lagos residence of Emefiele on Friday afternoon after about a day-long search of the property.
Emefiele, who was arrested June 10 by the DSS, has spent eight days in the custody of the agency.
It was scooped that Emefiele may spend longer than earlier reported in DSS custody as investigation into his activities while in charge of the apex bank is far from being concluded.

Nigerian Tribune gathered that the DSS, on Thursday, secured a court order to detain the ex-CBN chief for three weeks, with another source hinting that he might be held for a longer time.

Emefiele was said to have been moved from the DSS custody in Abuja on Thursday and flown to Lagos where his house was searched by DSS operatives.
Upon conclusion of the search, about 18 Ghana-must-go bags containing currency and documents were said to have been taken away the following day [Friday].

Emefiele was flown back to Abuja on Friday afternoon with the bags and investigators have since resumed quizzing, especially about the findings.
The secret Police, it was gathered, have also launched a manhunt for Emefiele’s personal assistant (names withheld) in connection with the revelations from the ongoing investigation.

“DSS took Emefiele to his house in Lagos on Thursday and returned him to Abuja on Friday afternoon. His house was searched. They took away about 18 big Ghana-must-go bags containing money and documents from the house.

“His personal assistant is on the run. DSS is on a manhunt for him. He is the key to unlock Emefiele’s assets and wealth stashed away within and outside the country,” a source told Nigerian Tribune.

President Bola Tinubu, on June 9, suspended Emefiele as CBN governor and ordered his probe, following which he was arrested by the DSS for investigation. President Bola Tinubu, on June 9, suspended Emefiele as CBN governor and ordered his probe, following which he was arrested by the DSS for investigation.

https://tribuneonlineng.com/exclusive-dss-recovers-18-bags-of-currency-documents-from-emefieles-lagos-residence/#:~:text=Emefiele%20was%20said%20to%20have,the%20following%20day%20%5BFriday%5D.

b3llo:
Tinubu's dream have been fulfilled and his lifetime goal achieved.

I agree with you on this. Even if his is removed tomorrow, he has added that feather to his cap, though it may not be recognised officially.

OceanEye:
Bauchi is another town in kebbi state. Argungu is where the festival takes place.

Thank you for the education. I go visit there someday.

TermuxDarkWeb:
Source

https://m.facebook.com/story.php?story_fbid=pfbid024U1GVexYqYKFvpJbiGwBf62h8zEG8jq2aAMtXjty6LySD6LMPgWyBWW7t8Hnj88Fl&id=100044604366356&sfnsn=scwspwa&mibextid=SDPelY

These people should stop doing nonsense. How can you invite buhari to deliver a speech on 'educative ways to do what on economy'?

notttty:
Need to seee what he build in kebbi and Kano state. Hotel malls and private hospitals.

Wow! But the man was obviously a thief, a man who corrupt officers accused of being corrupt. Lol.

OceanEye:
I was born and brought up in kebbi state.

Do hear about Argungu fishing and cultural festival? I grew up in that fishing town.

Kebbi state is popular because of that unique festival.

I though Argungu takes place in Bauchi. I have a dream of visiting the place.

Mrbenny001:
dey there... your malami and bawa of efcc are both from KEBBI state

Lol, even Bawa too.

notttty:
Yes malami the rogue attorney general

Hahahahaha. Being known for a wrong thing.

I still say again, for people always tying every move to witch-hunt, is the person being investigated clean? If a man is not clean and the person in power orders his arrest, whether it looks like a witch-hunt or an ethnic move, I don't care.

The only time I don't support such action is when a competent authority has cleared such a person and the person in power still insists on keeping them, like El-Zazarky and Nnamdi Kanu. Most office holders are thieves. It is only Ribadu I may say was a clean EFCC chair, others seem to be thieves.

notttty:
in the last dispensation kebbi state has the three most powerful ministerial representative. The almighty malami is from kebbi

You know ministers are drawn from every state, and most times in their functions they are not identified with their states.
Malami the attorney general?

That Kebbi sounds like it belongs to Niger republic. I doubt if their politicians interacts with other states' politicians. It's possible they have their own laws and are functioning as a country, who knows. Maybe when you enter there, then you read and hear about them. Lol.

14. Students applying for loan under this Act must apply as provided under section 17 of this Act on satisfaction of the following conditions — (a) applicant must have secured admission into any of the Nigerian universities, polytechnics, colleges of education or any vocational school established by the Federal Government or the Government of any state of the federation.
(b) applicant income or family income must be less than N500,000 per anum;
(c) applicant must provide at least two guarantors, and each of the guarantors shall be a —
(i) civil servant of at least level 12 in the service,
(ii) lawyer with at least 10 years post-call experience,
(iii) judicial officer, or
(iv) justice of peace.
Eligibility of applicants

15. A student is disqualified from accessing the loan if —
(a) he is proven to have defaulted in respect of any previous loan granted by any organisation;
(b) he has be found guilty of exam malpractice by any school authority;
(c) he is convicted of a felony or any offence involving dishonesty or fraud;
(c) he has been convicted of drug offenses; or
(e) any of the parents has defaulted in respect of students loan or any loan granted to the person

16. (1) All applications must be submitted through the applicant’s bank to the Chairman of the Committee established under this Act accompanied by a cover letter signed by the vice-chancellor or rector or the head of the institution and the students affairs officer of the institution.
(2) Each application shall be accompanied by —
(a) copy of the student’s admission letter ;
(b) a letter by the guarantors addressed to the Chairman of the Committee established under this Act recommending the student for the loan and stating that he accepts liability in the event of default;
(c) two passport photographs from each of the guarantor’s, name of employer and evidence of being so employed by the named organisation;(d) particulars of guarantor’s business registration with the Corporate Affairs Commission or any other appropriate authority and his bankers, where the guarantor is self-employed.
(3) The Committee shall communicate to the applicant on the status of his application within 14 days of the receipt of any application(4) Disbursement shall be on availability of funds

Study the above and use your tongue to count your teeth. The bolded are icing on the cake. Meanwhile, school fees will skyrocket. If this bill takes effect, many Nigerian youth will be denied access to education. Look at this this way, a family with an income of N1m per annum translates to N83,000 per mum, no child from that family is qualified to get the loan. But even now, how convenient is it for such family to feed two children, not to talk of paying school fees for them? Now, even though they struggle to somehow manage (maybe a police father collects enough bribe to be paying his children's fees), the fees will now increase. So, either the policeman increases the rate of bribery, or his children drop out of school. Can you see the ripple effects of bad leadership and governance. Na una go use una head carry am.

Sorry, I don't mean to whip anyone, the first time I visited OPM when they were still at new airforce road to attend my neighbour's child dedication, I heard this man cursing another 'man of go'. I think that one broke out from his church or what i don't know, but the person was one of his 'servants' until that time. He was cursing that is the man prays for people, instead of the people being blessed it will cause trouble for them. Na there I just mark the man bad, waited for my neighbour to see my face and then I lefts as quickly as I could.

Where is halima and gistlover? No more gist?

Hey,
How come I've not heard from Halima for some time now? All her threats, we waited, we listened, but nothing. Is she now afraid? Has she been settled? Has she been lying all these while? One of these must be true. People should be careful in life and think things through before engaging, especially when one is an adult. Foolishness of a child is overlooked. The adventurous exuberances of a teenager is understood. But you see the evil of an adult, all adults should be responsible for their actions. The things you choose to do in secret after thinking about it, when it backfires, swallow it alone.

Now I am looking at Yule with one corner of my eyes. Tomorrow someone will come and disturb people who know me about how they looked into each others shit pipe. Nonsense!

Self-control = self-respect=maturity.

Lol. There seems to be a darkness of heart attached with skin colour, no offence. Can you imagine in the 80s when there is 90% chance of landing a good job as a graduate. Today, unless Nigeria turns around, they will not give wrong address or fake guarantor, but you will see it clearly that they cannot not afford to pay back. If you talk too much they will say, "after all this is nothing compared to the billions our politicians steal every day". until the black man begins to consider honour over riches and oppression of fellow black man, their future remains grim.

AfricanGlitz:
“I’m Ready To Kneel Down & Beg My Colleagues To Vote The Nation’s Stability” – Shettima Campaigns For Akpabio’s Senate Presidency

Vice President Kashim Shettima has appealed to senators-elect to vote a former governor of Akwa Ibom State, Godswill Akpabio, as president of the incoming 10th Senate.

Shettima who spoke at a dinner organized Saturday night to rally support for Senators Akpabio and Jibrin Barau joint ticket said he was ready to kneel down for the senators-elect.

He said Akpabio’s Senate presidency would endanger unity and stability in the country.


“I’m ready to kneel down and beg my colleagues for them to come on board for the sake of the nation’s stability,” Shettima said.

To read more, follow this link https://africanglitz.com/2023/06/12/im-ready-to-kneel-down-beg-my-colleagues-to-vote-the-nations-stability-shettima-campaigns-for-akpabios-senate-presidency/

This shettima is a demon, so manipulative and bitter. His face mirrors his heart most times. He thinks we have forgotten his telephone conversation with Kunle. If you see him shouting 'stability', 'christian', you will think he means well. they have chosen a foolish stooge to perfect their agenda. Nonsense! Allow nature to take its course. I support the man who says 'if you don't have any problem with muslim-muslim ticket for presidency, I don't see why a muslim ticket matters now'. make dem carry this nonsense commot here abeg.

Nigerians should start knowing already that there is a differenc between a church-goer and a christian.

That's their new tactics now. matawalle accused efcc chairman. Let sirika also accuse David hundeyin of asking for 10% too. If this man is not arrested, then tinubu is part of the scam.

blamingthedevil:
Former aviation minister Senator Hadi Sirika, has accused the lawmaker who branded the National Carrier as fraud of demanding 5% shares of Nigeria Air from him."Hon Nnaji asked me that I should give him 5% of Nigeria to carry him along with his people,

https://dailytrust.com/breaking-rep-who-labelled-nigeria-air-as-fraud-asked-me-for-bribe-sirika/

That's their new tactics now. matawalle accused efcc chairman. Let sirika also accuse David hundeyin of asking for 10% too. If this man is not arrested, then tinubu is part of the scam.

Dainy1:
This dude was missbehaving and not providing for his family, accordingly to the wife, some days, they goes hungry why the guy spend time outside not minding what's happening at home to the kids. So, instead of sourcing a means to survive, the woman decided to have a sugar daddy who is now providing for her and her kids.
The man is heartbroken and threatening to kill the sugar daddy.

Is there any reason to justify a woman cheating in marriage?
Is the sugar daddy the main target here?
What will you advise in this situation?

He should be careful with his threats. The sugar daddy may set him up and get him locked away in prison while he has unrestricted access to the woman. He may even kill him. Doesn't he have mistresses? Did he actually neglect his family? People are always quick to gaslight women in nigeria. Did the bible not say something about a man not being able to fend for his family? What was the term the bible used exactly? What else does that mean? Make una dey cut women some slack abeg