₦airaland Forum

whizkid: That is a lot of money and it is even tax free for now

"Although it continued to enjoy tax holiday in Nigeria, MTN Nigeria said in the period under review, it made payments in excess of 34.8 billion naira in the form of taxes, duties, license fees and similar statutory payments to government at different levels. It also paid 14.2 billion naira in import duties and 9.8 billion naira in VAT."
http://thisdayonline.com/nview.php?id=19681

So the 65 billion naira was not entirely free of government taxes and levies.

Yes it's "posible" if that is what you mean. All things are "possible", but certain things are wrong unecessary, and unwise.

So you want him to come here to displace our local graduates from the most lucrative jobs when he has an opportunity to get a job somewhere else?

I support people who are coming back to Nigeria to create jobs for people, but I don't know what to say about people who are coming back to Nigeria to take jobs from people!

No, they can't come back together if they are both married. The answer is so obvious!

What argument did your friends use to support the notion that such old friends can come back together?

[I]"MTN Nigeria Communi-cations Limited (MTN) has announced a pre-tax earning of 65 billion naira on revenue of 199 billion naira for the period April 1, 2004 to March 31, 2005.

"Over the same period, the mobile telecommunication company said its subscriber base also increased by 123 per cent while a capital investment of over 118 billion naira was completed."[/i]
http://thisdayonline.com/nview.php?id=19681 (username nairaland, password nairaland)

Are you saying that inflation will be reduced if the 500, 200 and 100 naira notes in circulation were withdrawn from circulation? That is so absurd!

The idea that introduction of currency notes can or will cause inflation is so wrong that I don't know where to begin with refuting it. Is there anyone up to the task?

The Nigerian Investment Promotion Commission, NIPC, was established by Decree number 16 of 1995, during the administration of the late General Sani Abacha. It bills itself as 'the one-stop-shop for exploring and planning foreign investment and new business in Nigeria' (see about NIPC).

(For investment assistance, send e-mail to [email]nipc@nipc-nigeria.org[/email], or check out their website at www.nipc-ng.org)

Na mi o, a member of this forum, is an Investment Officer at the commission. Here is an excerpt from a recent conversation we had:

---

Seun: What does the NIPC do?

Na mi o: The Agency's mandate is to facilitate foreign investments and advocate on behalf of foreign investors in the areas of favourable government policies. We help to create a friendly investment climate so that investors can see Nigeria as an investment haven.

Seun: How does what you do affect an average worker who has maybe just 50,000 naira in savings?

Na mi o: What we do affects the Nation as a whole in the sence that when foreigners invest (foreign Direct Investment), and this brings in Dollars which translates into the Nations GDP.

Take the example of a foreigner who comes and starts a refinery in your state (Ondo?) Of cos a lot of people would be employed in that company and we would not need to import refined oil

---

This NIPC investment officer has agreed to a formal interview to be published on this forum to enlighten the readers of Nairaland.com on issues relating to investment in Nigeria and the work of the NIPC in particular. What questions would you like us to ask her on your behalf?

Important: Windows Security Updates for June 2005!

[img width=456 height=444]https://www.nairaland.com/img/windows-update-june-2005.png[/img]
High Priority Updates
[color=#994400]Microsoft Corporation - Windows XP Family[/color]
[list][li]Windows Malicious Software Removal Tool - June 2005 (KB890830)[/li]
[li]Security Update for Windows XP (KB896358)[/li]
[li]Security Update for Windows XP (KB890046)[/li]
[li]Security Update for Windows XP (KB896422)[/li]
[li]Security Update for Windows XP (KB896428[/li]
[li]Cumulative Security Update for Internet Explorer for Windows XP Service Pack 2 (KB883939)[/li]
[li]Security Update for Windows XP (KB893066)[/li][/list]

[img width=554 height=385]https://www.nairaland.com/img/windows-update-install-june-2005.png[/img]
Make sure you restart your computer soon after you complete the installation process. If you experience any difficulties during or after installation of this update, we'll be here for you!

[ Previous discussion on Windows updates ]

The link to the article in question is:
- http://www.businessweek.com/magazine/content/05_23/b3936060.htm

This has been added to the first post.

This is a nice suggestion, and it's going to happen sooner or later!

Hello,

I've just received a security bulletin from Microsoft alerting me to the availability of new Microsoft updates affecting:
- Microsoft Windows.
- Microsoft Exchange Server, and
- Microsoft ISA Server.

To view the security bulletin, visit:
- http://www.microsoft.com/security/bulletins/200506.mspx

To install the latest security updates on your PC, visit:
- http://windowsupdate.microsoft.com using Internet Explorer

To turn on automatic updates on your PC, visit:
- http://www.microsoft.com/security/bulletins/automaticupdates.mspx

For basic steps you can take to protect your PC, visit:
http://www.microsoft.com/protect/

Seun.

In answer to jogego:
Ok, I'm going to repeat it for the third and last time. Covenant University admits those who can afford the money. So instead of using the money to bribe JAMB officials and admission officers of federal and state universities, they can use the money to send their children to private schools.

Each "rich kid" that is admitted into a private university frees up space in the public universities. The end result is that more of the 'poor' kids will be able to make the cut-off marks for their federal/state universities of choice and get educated. That is how covenant university helps 'the masses' who can't afford 250,000 per annum.

You would be surprisd at how many working class people can afford 250,000 per annum (21,000 naira a month, jogego. $148). Considering the fact that Internet access at modem speed costs 15,000 a month, I'd say 21,000 per month for quality university education is pretty cheap.

Finally, since I won't get 10 kobo if you decide to send someone you know to the university, I am not going to discuss the topic any further. I have a relative who schools at the university, and I commend what they are doing.

IAH: Prior to the establishment of these private universities, many more people had to sit at home!

Jogego, I don't think it's reasonable for anyone to be campaigning against the private universities we have when we actually need to have more. Covenant University could increase their fees and still be fully booked, because the demand for quality university education still exceeds supply by far.

I will keep repeating this until it sinks in: the very worst that could happen is that the 'rich' people will go to private universities thus freeing up space for the 'poor' people to attend the federal universities. Nobody loses, therefore any complaint about the establishment of private universities like Covenant University is not logical.

Nobody is forcing anybody to attend Covenant University. If anyone feels that the fee is to much, please let the person go ahead and keep re-taking JAMB until he/she is finally admitted into a federal of state university of choice. If indeed the fee was too much then the university will be under-patronized, which wil force them to reduce the price. Expensive education is better than no education.

IAH, based on what I know, Covenant University is better than Babcock, in terms of the infrastructure that is on ground to facilitate learning. But even Babcock is better than[i] sitting at home[/i].

Related Topic: Seven new Private Universities for Nigeria

Ugochukwu

Ra, that is not part of the game. You can only retaliate by talking about men

Women are usually afraid of computers and technology.

This is really a funny one

Na only you dey talk to youself on this topic. So it's going into the chat room!

Na mi o,

I would not lock the other sections but I will spend time to look for ways to increase the activity level on the sections you choose. This may mean posting new topics or motivating people who are interested in these topics to post more.

Mosiate,

I agree that the home page can do with a little more 'spice', since you're not the first person to mention it. This could be dealt with when we have more money to work with. I also agree that the entertainment section could do with more development but the reason for this poll is to see if other people feel the same way about it.

Chawkee,

The poll results are going to be used to determine which sections the administrator should focus his limited time and resources on for the next few weeks. Your 'quality, instead of quantity' comment has been noted and will be taken seriously.

If the 'rich people' who can pay 250,000 per annum are able to send their children into Covenant University instead of using the money to bribe university decision-makers to admit their children, this will free up space in the federal and state universities for the 'average' people who cannot afford 250,000 per year. The only way to make the prices go down beyond was they are now is to license so many private universities that price competition will be ignited.

Having said that, wouldn't rather pay 200 - 250,000 per annum to be educated than sit at home for an indefinite period of time or spend 6-7 years on a 4 year course in an under-funded, over-crowded university where you are not able to gain any form of practical experience?

Is this a true story?

There is no way in hell that people of the North or even the South West will allow the Easterners to leave with our oil. It's just not going to happen. So those who are calling for seccesion are calling for the sacrifice of millions of lives and for what purpose?

Once they succeed in breaking away from us they will start fighting among their subgroups for the same issues - who controls the oil. So they won't know peace for decades and the effect of the war will be there for many decades after. it is just not worth it. I, for one, love the Ibos a lot and I would hate to see them leave.

Yes, but a 4 year course takes only 4 years, and not 6 like some other universities. Besides, when you've been waiting at home for years all of a sudden 250,000 doesn't seem like so much money anymore! It's a nice, cheap alternative to furthering your studies abroad.

I just want you to know that I am not endorsing this product. In a private conversation, the representative was not willing to answer the following questions:

- Can you give me the names of the NairaEx principals and basic details about them? For example, where they studied and worked before NairaEx. Where they reside?
- Can you tell me something about the designer of your site?
- Can you tell me the registered name of your company (in Nigeria) and the registration number?

The account I was supposed to use to test the product (as per his/her offer) was also deleted after I asked these questions. So beware.

Yewande

Thanks, bell, for taking my side!

All applications for the position of Seun's girlfriend must be accompanied by one million naira non-refundable registration fee. Failure to pay that amount means your application will not be processed until I have been able to secure the funds through alternative means.

Mosiate, the answer to your question is on the new thread titled 'Covenant University'.

Covenant University, a private Christian university, was founded at Canaanland, Ota, Ogun State, Nigeria on October 21, 2002. The World Mission Agency, an arm of Bishop David Oyedepo's Living Faith Church (or Winners' Chapel) is the private organization behind this university. Bishop (or Dr.) David Oyedepo is the current Chancellor of the university.

Main Contact Address:
Kilometer 10 Idiroko Road, Canaan Land,
Ota, Ogun State, Nigeria.

Telephone:
+234-1-7900724
+234-1-7901081
+234-1-7913282
+234-1-7913283

E-mail:
contact@covenantuniversity.com

Official Website Address
www.covenantuniversity.com

Logo:
https://www.nairaland.com/img/covenant-university.jpg

Motto:
'Promoting Mental Productivity'.

Admission into Covenant University:
- Write the JAMB UME and score above 200.
- Write the 'CUSAT' (Covenant University Scholastic Aptitude Test), the university's annual admission screening test.
- If you do well in the CUSAT, you will be called for an interview towards admission.

School Fees:
College of Science & Technology - 250,000 naira.
College of Business & Social Sciences - 230,000 naira.
College of Human Development - 220,000 naira.

This fees do not include the cost of meals, textbooks, and other materials that you need to buy during the course for your studies.

I hope this information is helpful to Secondary School leavers who want to further their education at Covenant University. If you need more information about Covenant University, please don't hesitate to ask your questions on this thread.

Related Topic: Micheal Jackson going to prison or not.

Congratulations, Michael. Now if you were actually guilty of some of those charges, please desist from them from this day henceforth. Nobody gains anything from your being in jail.

I was able to listen to the live broadcast of this verdict on Silverbird TV.