₦airaland Forum

theenchanter:
]English is ur problem.

The keyword is "more beautiful" but every nigerian knows Abuja is more beautiful than lagos despite lacking ocean just as nairobi is more beautiful and developed than Accra despite d fact that Accra has water bodies n nairobi doesn't.

True. By a long margin

vaxx2:
Volkswagen is open up his business in Ghana . One of the largest technological company ""Google"" just open up. It is now cheaper to import cars from Ghana port than any where in west Africa. The Goverment of Ghana cut off the tariff at 50 percent early this month which means there will be more inflow of commodity thru ghana. One of the largest shipping line had gotten a signatory with Ghana harbour and about to use Ghana as its west Africa base. Etc. Technologically, the shipping line in Ghana is more attractive than anywhere in west africa.

I didn't know Ghana equally signed a deal with the German govt to produce volkswagen. ...was it last year this deal was signed?


Nigeria also signed a deal with the german govt to open up volkswagen plant in nigeria last year. Dangote refinery for both oil and fertilizer will be completed next year.more companies are signing and building their companies and factory in LFTZ of which most of it will be finished next year .Akwa ibom is building it first oil building owing to the fact that investors have been complaining of it absent and it's presence would draw investors.
Akwa is also building it's coconut oil refinery and as we both know that coconut oil currently cost more than crude oil at the global market.

Aba is building it garment factory these alone would make nigeria to stop importing garments from china and nigeria can also sell to the entire continent. Now that alot of investment that would drag investors from every corners of the earth and open nigeria to foreign investment

tylann:
Kenya is also beautiful

One thing about me is that I have a thing for cities close to waters not that those on hills and normal land are not beautiful.

Kazikazi:
Dar es salaam Tanzania

Your brt is cool

tylann:
No never we don't learn from Tanzania

But truly Tz is beautiful. Joke apart

Kazikazi:
Dar es salaam Tanzania
The tallest tower in Tz, PPF headquarters.

It is beautiful, was it recently built

I can see so many are coming online cause these thread has been slow and boring since today

vaxx2:
A bit about what?

A bit about the ghana's trending investment so I can properly google it out

vaxx2:
just type the trending investment in Ghana in 2020. Only Egypt can do it sincerely again. NIGERIA is not in reccestion in 2018.

It would be okay if you tell me, atleast a bit cause google is not really specifying

theenchanter:
sure, it has gone up 114% between 3rd quarter of 2018 and now.

That means we would be taking our rightful spot back..interesting

vaxx2:
just type the trending investment in Ghana in 2020. Only Egypt can do it sincerely again. NIGERIA is not in reccestion in 2018.

It was, it grew out of recession in 2018 Q4

theenchanter:
Dude, Ghana had a bigger FDI only in 2018 due to financial crisis in developed nations and election preparations in Nigeria, FDI in nigeria dropped by 36% but already getting bigger now at over 110%.ok, how's Ghana more cosmopolitan than Nigeria?

Seriously has it gone up to 110% .wow

vaxx2:
not at all, but insecurity and corruption has stagnate Nigeria development.


Little Ghana earns more in foreign direct investment than Nigeria despite Nigeria 2.5 million barrels of oil.

Ghana received more than Nigeria due to nigeria's recession. We have held that tittle for long as one the countries on the continent with the highest fdi. GHANA needs to be wary of us because I don't see ghana stealing that position in 2020 owing to the massive investment our govt Is putting in

cactusland:
What happened last time Rwanda had democracy? During a period of chaos, Rwandan democracy led to tins of hate speech that led to the genocide. Am sure you know of tribalism in Nigeria, in Rwanda in the 90s it was worse 20fold

Yeah I heard about it .how were you guys able to resolve it

vaxx2:
is a common sense, Ghana of 2018 has improved better than 2011. And the Wikipedia also shows trends in the revenue till 2027

We're you expecting nigeria to remain stagnant

tylann:
jambojet

While we awaits the 120 aircrafts that would launch nigeria air Akwa ibom a state just bought 2 aircraft singlehandedly for its state tourism without the federal government assistance

tylann:
yes my post says so

i never knew nigeria was a top tourist destination

v


Same here

vaxx2:
when you don't know, don't talk about it. Ehat i gavr is a Wikipedia and cbnc report. More realistic on the topic. The fact that Ghana earn more on foreing direct investment than Nigeria in 2018 should give you a clue.

The Wikipedia post you gave me laid emphasis on tourism in 2011 but tylann post talks about 2018

PROVERBZ:
update from.centenary city Abuja (front range city)
the Safari park finally comes alive

named range Safari

I would post pictures from the construction of the the groove fence (mainly residential area) at front range city (centenary city ) abuja

Wow I have heard about this before , this is so wonderful.
Another africa's dubai coming through from Nigeria. I have been looking for pictures for eyimba economic city, cause I heard construction is also serious there

tylann:
I don't know about tourism in Nigeria or west africa in general
All i know is east africa ,north and south africa are better off in that regard

But your post says ngeria is equally doing good

vaxx2:
Stop celibrating mediocre. Even senegal is ahead of Nigeria

I will be posting a Wikipedia screenshot below and that of cbnc which stipulate Ghana revenue on tourism and ranking accordingly.


I want to know how much does Nigeria generate on tourism

Vaxx I don't know about how much nigeria raked from tourism but it sure did raked alot compared to Ghana going by tylann post. I am sure you know that they are various forms of tourism e.g business tourism, leisure tourism, entertainment tourism. When you talk of business and entertainment tourism nigeria is there and it knows how to pull millions of people from all over the world.A perfect example would be calabar festival, lagos marathon, lagos boat regatta, lagos festival but when you talk of leisure ghana might be ahead but in standard of hotels nigeria is ahead.
Let me even tell you that there is a 7 star hotel currently under construction in lagos which would be the first in africa. What matter is that at the end of the day we get this visitors and siphon their money

tylann:
https://www.the-star.co.ke/business/kenya/2019-04-16-kenya-ranked-third-largest-tourism-economy-in-sub-saharan-africa/

Tylann from your post it was said that nigeria is ranked second largest tourism economy in sub Saharan with kenya coming third place. Wow I must say I am surprised. BUT I wonder why kenyans and ghanians keep insulting our tourism sector when we rake more and equally received more visitors than you guys. I am sure you have heard ghanians calling their tourism sector the most lucrative in west africa, this is a clear indication that their claims are false.
Nigeria those have alot potentials in the tourism but as of now it is under developed. So ask yourself if these sector is truly explored what impact would it make on our economy?Infact every state here has at least one tourism potentials.Do you know that nigeria still has caves from the stone age era? All we need now is for them to finish their tourism masterplan and implement it so we can rake billions.

THIS HAPPENED TODAY.




Apr 15, 2019
The Federal Government and the World Bank Power Sector team yesterday met on the possibility of Nigeria accessing a $1 billion Performance Based Loan (PBL) from multilateral institutions.

Finance Minister Mrs. Zainab Ahmed dropped the hint at a joint news conference with Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the end of the 2019 World Bank/International Monetary Fund (IMF) Spring Meetings in the United States.

The minister cleared the air on fuel subsidy, saying removing it is not on the cards. The International Monetary Fund (IMF) has been advocating the removal of fuel subsidy to free more money for infrastructural development. The Federal Government believes doing so will increase the burden of the poor.

Mrs. Ahmed said: “We met with the World Bank Power Sector team and discussed the way forward on the proposed $1 billion PBL. We agreed to bring relevant MDAs together to ensure that we advance this operation in a timely manner. We will also discuss the Country Portfolio Performance of Nigeria, which currently stands at $9.8 billion, with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results.”

She spoke of plans by the Debt Management Office (DMO) to issue N15 billion Green Bond to fund agriculture, power, health and water amenities to make life better for the people, saying the Green Bond will be the second one and would be used to finance agriculture, power sector – mostly solar projects – as well as some projects in the water sector.

She pointed out that the projects for which the funds will be applied “must be green. They must be projects that are not contributing to carbon dioxide emissions to the society. The first green bond issuance was successful and all the projects that were scheduled to have been financed have been done and the projects are at various levels of completion.”

On fuel subsidy, Mrs Ahmed said there was no plan by the government to remove fossil fuel subsidies. “We are here to discuss with the global community on various policy issues. One of the issues that always come up, especially in the IMF Article IV is how we handle fuel subsidy.

“So, in principle, the IMF would say fuel subsidies are better removed so that you can use the resources for other important sectors, which is good advice, but in Nigeria, we do not have any plans to remove fuel subsidies at this time because we have not yet designed buffers that will enable us remove the subsidy and provide cushions for our people.

“So, there is no plan to remove fuel subsidy. We will be working with various groups to find out the best approach, if we have to. We discussed this very frequently at the Economic Management Team but what is the alternative? We haven’t yet found viable alternatives. So, we are not yet at the point of removing fuel subsidies.”

On Brexit, Emefiele attributed ongoing Brexit controversy in the United Kingdom (UK) to immigration and trade opportunities.

The CBN governor said: “I would say that though Britain and Nigeria have trade relationship, but it is not as strong as what we have with China and the United States (U.S.) For instance, China is Nigeria’s largest trading partner, followed by the U.S. And I had imagined that Britain comes quite low on the scale.

“So, if you look at that, you would find that, in my view, there is not going to be any adverse consequences on Nigeria, but we are reviewing it to see the implication, which I expect, would naturally be positive.”

Giving an overview of the meetings, Mrs. Ahmed said they provided an opportunity to review developments in the global economy, examine emerging and associated risks. They also offered potential policy menu to ameliorate the situations, going forward, she added.
The meeting noted the slowing down of the global economy with a revised global growth from 3.3 per cent in 2019 to 3.6 per cent in 2020, mainly due to the heightened trade tensions, tightening financial market conditions, softening industrial activity, dampening global investment, monetary policy normalisation and geopolitical tensions, such as uncertainties over Brexit, all resulting in policy uncertainty.

In terms of fiscal policy, Mrs. Ahmed said government debts to Gross Domestic Product (GDP) ratios had reached unprecedented levels and this limits the capacity of some of these countries to provide countercyclical policies; consequently, potential growth remains subdued in most of these countries, partly as other factors, such as aging populations, declining birth rates and raising barriers to immigration weigh in.

Mrs. Ahmed said the key takeaway was that the IMF requested for a mandate to pursue some negotiations with governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope through borrowed resources.

The minister said this arose partly due to the delay in completing the 15th general review of quotas, adding that while governors endorsed this position, “we called for an ambitious timetable for the 16th General Review of quota which should result in increased quota shares for dynamic economies in line with their relative positions in the world economy while protecting the voice and representation of the poorest members.”

Mrs. Ahmed said: “I issued a statement calling for normalisation of trade relations among the contending parties and called for concerted efforts to support multilateralism and avoid protectionist sentiments.”

She said Nigeria used the Spring Meetings to showcase what the government had been doing in human capital development.

The minister said: “We have set up an inter-ministerial working group with representatives of the state governors and are currently piloting some initiatives in health, education and, of course, you are all aware of the social safety nets programmes of the Federal Government where we have 15 million people already on the register.

“The World Bank Group was pleased with our efforts and promised to offer some assistance. Nigeria endorsed the Coalition Principles as one of the founding members.



Source: The Nation

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Port harcourt

This is the only way to lift a significant amount of Nigerians out if poverty. Their previous tactics was working but wI'll not be as effective as these one.The desired goal has to be achieved.








Osinbajo wants CBN, NDIC to take over N-Power, Tradermoni, others
LATEST NEWSTOP NEWS
By Sanya Adejokun - Abuja
On Apr 9, 2019

Contending that present structure of microfinance institutions have failed, Vice President Yemi Osinbajo has called on Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation to take over funding and management of N’Power, Trader Moni, Market Moni and other such programmes.

Receiving board and management members of NDIC in his office last weekend, Osinbajo said it was desirous for millions of poor Nigerians to be empowered through the extension of credit.

According to a statement by Head, Communications and Public Affairs Unit of NDIC, Muhammed Kudu Ibrahim, Osinbajo lamented that the current structure for the operation of Microfinance Banks (MFBs) had failed to achieve the desired goals.


He, therefore, called for a sustainable framework to achieve the objectives set by the regulators.

While congratulating the Chairman, Mrs Ronke Sokefun and other members of the Board for their appointment, he praised commended the Management for prioritising the interests of Nigerian depositors in its choice of the Bridge Bank option for the resolution of recent banks liquidation.

The Vice Presiden, however, noted that a lot still needs to be done in the area of sanitizing the banking system.


He called for the injection of fresh ideas to produce a more resilient structure involving the NDIC and other relevant stakeholders to address the issue of non-performing loans.

Osinbajo warned that the federal government was not prepared to repeat the mistakes of the past.

ALSO READ: Court sentences man to 1 year in prison for stealing N935,000

Earlier, the Chairman of the Board of the Corporation had thanked the Vice President for his warm reception and recalled that the NDIC as a critical player in the Nigerian financial safety-net, had achieved remarkable success in the execution of its primary mandates of effective supervision of the insured banks, timely payment of insured deposits and the implementation of a robust and efficient failure resolution regime.


The Chairman concluded her remarks by drawing the attention of the Vice-President to the NDIC Amendment Bill currently pending before the Senate and solicited for his assistance in ensuring quick passage of the Bill before the expiry of the present legislative session.

In his remarks, the MD/CEO of the Corporation, Umaru Ibrahim, FCIB mni, joined the Chairman in seeking for the assistance of the Vice President towards the speedy passage the Bill to amend the NDIC Act pending at the Senate to strengthen the capacity of the Corporation effectively supervise insured financial institutions for a safe and sound banking system in the country.


Commenting further on the activities of the Corporation, the NDIC boss informed the Vice President that the NDIC undertakes periodic examination of banks in collaboration with the CBN and issues reports with far reaching recommendations to the Boards of banks for compliance to ensure the safety, soundness and stability of the Nigerian banking system.

The MD/CEO recalled the efforts of regulatory/supervisory authorities to sanitize and strengthen the micro, small and medium scale enterprises (MSMEs), through enhanced capital requirements of MFBs and the establishment of a National Microfinance Bank to enable the subsector to play their role of providing credit.

Nigeria and technology are like 5&6





This Nigerian Startup Is Using Drones To Help African Farmers
by Olanrewaju Eweniyi
4 months ago
The agricultural industry in Nigeria is plagued with many problems, ranging from terrible infrastructure to illiteracy. Thankfully, technology startups have already started doing the work of improving the plights of local farmers.
Nigerian startup, Beat Drone is using drones imported from China to help farmers improve their yield. The drones help the farmers spray pesticides on their farms, engage in crop supervision, and map farmlands.

(Photo: Beat Drone)
The United Nations’ Food and Agriculture Organisation (FAO) estimates that over 50% of planted crops in developing markets die due to inadequate crop supervision and inefficient application of chemicals to kill weeds, kill pests and provide nutrients.
Via the Beat Drone platform, which was founded in 2016 by Odionye Confidence, Chidinma Nwokonko and Yinka Ojomo, farmers can request a drone, schedule a date for drone deployment and make their payment. Then the drones are sent to their farms for the specified activities.
The company president, Odionye Confidence, says that demand is skyrocketing:
"Beat Drone enables the farmer to achieve optimum results, increased harvest yields and lower cost of operations, thus reducing the cost of food in the open market, eliminating hunger and poverty.
We’ve had increased demand and our product has had immense advantage to the farmers. We have increased their harvest yield by 20 per cent from their previous harvest output. We currently have over 30,000 hectares under our operation."
The company has signed a deal with the Rice Farmers Association of Nigeria to access and deploy drones to 1.5 million hectares of rice farming lands within the next 12 months. Beat Drone aims to be in 30 African countries within the next five years.

(Photo: MIT Technology Review)

Just30:
HBO is showing the last episode of season 7

30 mins more to Season 8 of GOT

Sadly i slept off yesterday.
I am even beginning to reconsider watchin it because I don't want HBO to toil with emotion. So I would like to wait untill every thing is completed so that I won't have to start waiting for every episode in serious anticipations. But gist me small what happened, start with that dragon girl....how is she taking the fact that she is not the only sole controller of those dragon


Damn it that movie is so addictive

tlann2:
It is the largest project in kenya so what is your problem

Hey tylann don't get me wrong I was only trying to elucidate more on how expensive a rail can cost.I don't think using kenya as a case study was a bad idea.so yes I did not insult kenya

TayserMahri:


Naija ooooo

Idiot he made a mistake...he said 12pm to 7am does that speak 5 hours

Just30:
SAME WAY SUAMI IS FUNDED BY GHANAIANS HOME AND ABROAD

Lol you are answering your emotions. .take a chill pill

Vaxx and the rest ghanians I don't think your fellow ghanians feel positive about this project.
One even called ghana a failed state. I thought y'all like you country with passion.I guess no one supports ghana except y'all

Just30 I tried looking for pictures but this is the best I could come up with .one think about nigeria particularly lagos is that they like hiding their infastructures from the media until is completed same can be said for ghana INTERNATIONAL IMPERIAL BUSINESS CITY (IIBC) that has been hiding the last time I watchabout it was when they finished reclaiming in 2017 (I am still talking about iibc).

So it is very had to get pictures only eko atlantic that likes attracting the media for investment, centenary city doesn't because it has gotten all the investment its needs I even heard that 38,000 workers would be resuming work at centenary city