Business › Re: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH by sheyguy: 7:16pm On Nov 22, 2011 |
rolchi: May God bless you Sir! Deregulation is the right way. The truth is that the NLC or labour Unions know this but they are just afraid to loose their jobs! Again, like I said earlier somewhere, it is impossible for any level of Government (including the FG) to build an run a refinery under the current arrangement in Nigeria.
Indorama bought the Eleme Petrochemicals in 2006 and as of today, they have stabilized the Plant and are beginning to expand their operations. Notore bought NAFCON and they are still in business today.
The way forward is complete deregulation but the gains far outweigh the seemingly season of pains. If we want to enjoy our "oyel" from upstream, midstream, downstream and backstream we must deregulate now.
Lets' forget all these cries of no road, power, health. This is the way to go. Believe you me. If Nigeria has waited to fix NITEL, we will still be at 500,000 Lines for 160 Mln Nigerians for 51 Years! Where is Mtel that had an automatic license?
Deregulation all the way and may God help GEJ and help us too! i want 2 disagree wit u on Nitel/GSM. Nitel's analog/cable and private telecom co. digital/analog telephone services r two entirely diff things when u consider the effort and cost of maintenance. When the GSM co. came they were selling their lines 4 30k but we all know the situation now. I think competition coupled with cheaper tech and a more transparent NCC has helped transormed our Telecom sector more than anything. Deregulation or privatization didn't do the magic entirely, it did 25% if u ask me. If and when we finally to deregulate the oil sector the govt will still be responsible for checking the excesses of a potentially 'corruptable' group of private oil company. |
Business › Re: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH by sheyguy: 5:07pm On Nov 22, 2011 |
kalokalo: [b]The OP's original article is full of misconceptions. The are a lot of fundamental questions that the article's author failed to ask and answer. [/b]The questions and attendant answrs will point to why fuel scarcity/shortages, adulteration, subsidy consistently plague Nigeria while our surrounding West African neighbors do not have the same issues namely:
1) Why is it that only government owned refineries exist in Nigeria? Why have the IOCs/private investors refused to invest in refineries if there is indeed no 'subsidy' and it made business / economic sense to invest in refineries in Nigeria?
. . . This is suppose to be part 1 of a series of article,why not wait and let's see what the remaining part has to say. |
Business › Re: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH by sheyguy: 4:58pm On Nov 22, 2011 |
|
Business › Re: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH by sheyguy: 4:37pm On Nov 22, 2011 |
deotelan: Sheyguy if yhu are really sure of the errors bro why not atleast highlight them let's see and subsequently give us the correct informationz! Midas02: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: THE FACTS, THE MYTHS AND THE HIDDEN TRUTH!
Written by Olumide Iluyomade . . .
SUMMATION & VERDICT: In conclusion, one must wonder what has been done to mitigate and resolve this cyclical problem of ‘fuel subsidy’ that seems to have been a bone of contention for every administration for the past 26 years! It is also interesting to note that the beginning of this perennial problem was set at the onset of the devaluation of Naira in 1986 when the Babangida administration adopted and implemented the Structural Adjustment Program (SAP). It was apparently not so long after this moment that the nation’s refineries started experiencing operational and maintenance issues! It goes without saying that the nation’s journey from that moment on, especially with regards to Energy and Power, became a quick downward spiral! In more recent years however, there was a glimmer of hope – not because of improvement in the leadership profile or improvement in management skill of the government, but rather because of a fortunate and fantastic global phenomenon that inordinately increased and multiplied the nation’s earnings through a steady and consistent stream of high crude oil prices! A Bloomberg report revealed that Nigeria has earned $196 billion in the past 4 years alone (2006 – 2010)! As a matter of fact, it is important to point out that Nigeria’s earnings in the last 10 years has exceeded the total earnings of the nation for a period of 29 years dating from 1970 – 1999!!
When u consider the inflation US dollar has gone through in the past in the past 39yrs and use the buying power of the money earned from oil proceeds in the last 10 years against the last 29 years u will quickly come to realize that a faulty the highlighted logic can be. As a matter of fact last time i checked a US dollar in the 70's can buy 13 Us dollar in 2005. |
Education › Re: PDP Gov'Ship Candidate Dosunmu Tackles Fashola Over LASU fees by sheyguy: 4:13pm On Nov 22, 2011 |
alex406: This is ridiculous. Nigerians are entitled to free education especially the poor masses that cant afford such bills. Poor masses cry everyday yet all they do is sit in their offices and think of how to enrich themselves. Quality education at university level shouldn't be cheap or free, primary to secondary level education could be made free to a large extent or totally free. Anybody who wants to attend a uni should go for scholarship if u cant get one then work extra hard for university education either by studying hard for scholarship or by getting a job to raise funds. Nigerians want everything for free including University, education that's why u see ppl go to school just to join secret cult and do runs, if u work hard for a university education like i said earlier there will be more positive orientation. |
Politics › Re: Nnpc, Oil Marketers Share N2.4bn Fuel Subsidy Daily by sheyguy: 3:56pm On Nov 22, 2011 |
|
Politics › Re: Lagos Population Now Thought To Exceed 20 Million by sheyguy: 5:49pm On Nov 21, 2011 |
really  20 million and they are still coping, that commendable. i think we should stop comparing Fashola to some state Governor whose state does not compare to Lagos in population. |
Politics › Re: US Warship Leaves For Nigeria Today - Tribune by sheyguy: 10:17am On Nov 21, 2011 |
I hope its not in prep 4 any form of occupation too. |
Politics › Re: US Warship Leaves For Nigeria Today - Tribune by sheyguy: 10:15am On Nov 21, 2011 |
A nice move if the govt does not use it against the pple's interest. odiaero: What a shame to Nigeria, after US used and dump the ship, they now donate it to dustbin nigeria, and una dey happy At least half bread is better than none. |
Business › Re: PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH by sheyguy: 10:03am On Nov 21, 2011 |
Nice piece there, though not without some errors. |
Politics › Re: The Guardian Publisher, Alex Ibru Dies At 66 by sheyguy: 9:56pm On Nov 20, 2011 |
RIP Alex Ibru |
Politics › Re: Nnpc, Oil Marketers Share N2.4bn Fuel Subsidy Daily by sheyguy: 9:44pm On Nov 20, 2011 |
Beaf: I am slowly coming round to believing that the oil subsidy should go. It is quite clear from the names mentioned and the . . . If the oil subsidy should go what is the guarantee that new and ambitious thieves wouldn't hijack the fund saved and misappropriate it like is already commonplace in Nigeria today? the escape route from subsidy removal has been compromised already. the system is too corrupted already. they should give the public those names behind these heinous activities first. |
Education › Re: The Scam Center Called Madonna University In Pictures by sheyguy: 8:09am On Nov 19, 2011 |
poweredcom: silly thought, is it not man no man Oyedepo and his rew made it to the US Embassy, when they have washed these americans with lies, the embassy will think that the best student are in the private universities
Let me tell you, I dont support private uni, This our leaders have stolen money used to repair the federal and state ones to standard and make it cheaper -subsidise- for the citizen to attend, to build their own business empires, so what would made me to like it when i know, this,
Atiku owns a uni, Almost all of them owns a Uni, either being fronted by a strange person, I hail NIGERIA, a failed state, look, i see u have decided to deny the obvious. American embassy was never brainwashed to believing anything. They came in unannounced and saw what the whole school looked like/how student behaved with their eyes unlike some of u who go round spreading rumours and insinuating stuffs about the school. Dayokanu even claimed it was a selection process and does not entail any form of competition. . . . We have heard about student kneeling down and doing frog jump and so much more abt cu but not a single person has shown us a single pix of something they claimed is regular occurence. Like i said earlier u guys can deny the obvious and make false claims abt private schools especially cu, but i can assure you in 10 - 12 yrs time the gap will so so clear there will be no basis for comparism.
As for ur comment on Oyedepo, Atiku and co. Pls expain urself clearly.
|
Education › Re: The Scam Center Called Madonna University In Pictures by sheyguy: 11:26pm On Nov 18, 2011 |
How old am i ?something tells me U must be an under 23 from that statement.
I never said the sch gets fund from sch fees alone. What i implied was that with the estimate of cost of infrastructure in place and with an average sch fee of 300k( which includes tuition fee for annually recurrent expenses like salaries and materials for running the sch ) as at 2005. If the school was to embark on mission of recouping the money on infrastructure then it was going to take nothing less than 32 solid years to get the infrastructure money and all maintenance involved. This is as sgmple as A B C for those who were involved in the building process to come up with, we r not talking speculation here. Why not give us a rough estimate of ur own evaluation of what the school has in terms of infrastructure. |
Education › Re: The Scam Center Called Madonna University In Pictures by sheyguy: 2:20pm On Nov 18, 2011 |
dayokanu: This is one of the private school some people were comparing to federal Universities?
Madonna University ko, Beyonce University ni did anyone compared madona to fed sch.? I will like to see the link to such post if it happened on NL. Or maybe u guys r outa points so u 've resorted to total falsehood and denial of the obvious . . . . .lol. Fed sch. and state sch have taken Nigeria this far, now give way 4 a new revolution, Aluta and red-eye-swagger has not achieved nada as well. Why not join those ahead of you in the "diplomatic revolution". And stop hating. |
Education › Re: The Scam Center Called Madonna University In Pictures by sheyguy: 12:29pm On Nov 18, 2011 |
Imanuelle: dude u niid to wake up, even if these schools collect money from the government, dats betta off than scamming the poor masses!!!
wake up bro!!
according to the pictures we just saw>>> and our info abt d school, then that reverend father is more concerned about money than the discipline he pretends to care about,
fashi jwor! ur d one who needs to open ur eyes if u r awake at all. Maddonna being the way it is, does not automatically extend to all private unis. We all know how these public unis where b4 private unis rstarted comming up, now few private unis r down and it has been xtended to all. I know public sch with more funds and far less achievements to show 4 it. |
Education › Re: The Scam Center Called Madonna University In Pictures by sheyguy: 11:28am On Nov 18, 2011 |
Not supprised some pple think university is a profit adventure. Go and ask Oyedepo, Adeboye and co. how it is done uni is no profit zone if u r not ready to sacrifize in hundreds of million quarterly then dont go there |
Business › Re: Ban On Importation Of Rice Underway - GEJ by sheyguy: 11:14am On Nov 18, 2011 |
Ban of rice importation = removal of rice subsidy. GEJ is slowly & surely making life difficult 4 the average citizen. How can meet our rice when our rice needs production capacity is well below our needs, he is simply telling us to buy imported rice without the government subsidy(at your mwn expense) and increase local production capacity with our agric sector in pieces. This president of ours is trying to tackle our corrupt system from an angle too tight. Ten Kobo: He said Rice and that could be Susan Rice or Condoleza Rice, he cannot mean agricultural rice because even in his utmost stupidity, Retardinho knows that we cannot produce enough to feed the population, any attempt to do so will only increase hardship for the people and thirdly any attempt at a ban on import will only create another source of revenue for the government in Benin republic. by creating revenue for the benin govt atleast some nigerian in benin can benefit under the ECOWAS arrangement instead of Taiwan rice |
Education › Re: Is University Of Ibadan Any Better Than Covenant University? by sheyguy: 9:39am On Nov 18, 2011 |
Olalekan 0: Now,I see why CU is so grossly overated,It's'apparently because a vast majority of nairalanders are christians and/or have relatives studying in the school,coupled with the fact that there are more CU peeps on here than i anticipated.
I suggest y'all wake up from your illusions and take a tour of other private universities in the northern and southwestern part of the country before errorneously adjudging CU to be the best.
Parents are hoodwinked into having the impression that the school's''the best solely due to the moral standards the school's known for and not necessarily their academic proweress.
I know too much about CU and her products and i can authoritatively tell you their morals are on the decline,Trust me,Anything i write about CU is first hand,my sweetheart and many of my friends graduated from there and i visited them at least twice every semester from 2007 to 2011.
Someone said UI's not condusive,I'm amused,the same UI where power is supplied for the entire 24hours of the day,where you don't need your own personal modem to acess the internet and the number of cleaners nearly outweighs that of students? Ask CU peeps why they all own MTN Fast Link Modem and if they have 24hour power supply.
I advice anyone who's not been to both schools to desist from posting on this thread. the same nairaland peeps have relatives in fed and state sch so what r u talking about. |
Education › Re: Is University Of Ibadan Any Better Than Covenant University? by sheyguy: 9:17am On Nov 18, 2011 |
aged: CU, no doubt is the best private uni in Nigeria.Ui and some other fed uni admited the best brain is not questionable.But one thing i want to add is that CU admission is not just for all comer as it used to be.My son applied to CU as 1st choice,scored 247 in jamb,passed pume with 8 disctictions in waec,yet not taken for accounting cos pume cut off for acct is very high as a result of large number of applicant that choose it as their 1st choice in jamb.He have to wait for next yr and retake their pume exam with better preparation.Therefore, those who claimed that CU admited only those that failed jamb is far frm the truth.Cu, in the next few yrs will be far better than any fed uni because even with their better funding , the fund will still not be utilised rather it will go to some private individual(corruption).For your information,the ammount spent on UI by fed govt is far more than what winner spent on CU annually,but you hardly feel the impact in fed uni.We have a long way to go. very correct. I tried to explain same to them but they wouldn't understand. CU is miles ahead of any Fed uni by any standard, it is only a matter of time b4 it becomes clear beyond beyond reasonable doubt. |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 11:00pm On Nov 17, 2011 |
Cool83: Kudos to anyone that came out with first class in any school,i knew what i went through before having 2.1 in TASUED,but i believe that most first class graduate of private university will never make 2.1 in public univ what makes u say a 2.1 in your sch. Is a first in any private uni.? |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 10:48pm On Nov 17, 2011 |
Joke of the year. She shld tell us she wasn't serious while at lasu. The same lasu law dept. where they admit post UME Score of less 30% in the presence of other 67%. Pls tell us a better joke.
[quote author=ife-wise link=topic=805294.msg9580326#msg9580326 date=1321563238]@luvola i totally agree wit u.i read in a news bulletin about a lasu student who studied law and graduated wit a 2.1 but went for her postgraduate studies at harvard uni and finished as d best student in a dept full of first class student all ova d world.when she was asked why she graduated wit a 2.1 in her uni,she simply said "2.1 in my uni is equivalent 2 1st class in oda universities".[/quote] |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 10:42pm On Nov 17, 2011 |
Cool83: Kudos to anyone that came out with first class in any school,i knew what i went through before having 2.1 in TASUED,but i believe that most first class graduate of private university will never make 2.1 in public univ Joke of the year. She shld tell us she wasn't serious while at lasu. The same lasu law dept. where they admit post UME Score of less 30% in the presence of other 67%. Pls tell us a better joke. |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 1:43pm On Nov 17, 2011 |
quote author=luvola link=topic=805294.msg9576813#msg9576813 date=1321532148] @ jarus : i partly disagree to yur point.two lasu law graduates having 2.2 and 2.1 in lasu both made distinction and emerged as best graduating student in the nig law sch last month.so they are indirectly a a 1st class but laSU DENIED THEM THE because d sch is tough and dnt dash out 1st class LiKE OTHER sch [quote][/quote]to dash out mean to give out as favour not deserved. U said other sch dash out "their" - 1st class , lasu one the other hand has refused to give out first class to students deserving of these grades, now that signifies the low standard of lasu and not the other way round. |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 11:23am On Nov 17, 2011 |
Acidosis: Its easier to get a 1st class in a school like UNIBEN compared to DELSU where your G.P every section is of the same ratio. You write essays and theories in the exams as against the too many MCQs written in UNIBEN. In DELSU, you hardly see 1 or 2 first class students out of 2000 graduating students. The lecturers are strict just because some of them made 3rd class while in school, so they believe its not possible for anyone to make higher scores. Some lecturers even vow that no one will make a C in their course. Now you understand why private schools are prefferable to any of these states and Federal schools. . i can attest to that post delta state uni is known 4 those stuff u mentioned. |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 10:05am On Nov 17, 2011 |
otokx: Authorities in Nigerian universities have now joined the charade and think it is by the number of first class that signifies which university is the best. Imagine the UNIBEN authorities listing relevant institutions for treatment of gully erosion as NDDC and Niger Delta ministry; goes to show you unusually low IQ in that place. no. Of 1st class is to some extent a measure of sch standard, we all know that there r brillant around but some still manage not to make a good result because most public sch believe in giving out 1 or 2 first class per dept. Even when they have more students deserving of it. |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 9:36am On Nov 17, 2011 |
Jarus: Whether private or Federal or state, I personally believe First class is earned and will not condemn any school for producing many First Class. From my observation, I think First Class corresponds to the conduciveness of learning environment. This is why Private universities tend to produce more, followed by Federal and then State in that order. This is the same reason why Top schools even in the West produce in high numbers equivalents of First Class.
In private unis, they are programmed to just read, eat, go to church/mosque, water/electricity taken care of, what to eat not something to worry about. An average brilliant student will excel under this circumstance.
Federal Unis(esp First Generation ones) may be free, but most lecturers, having seen it all, are usually liberal. In my uni(federal, 1st generation) for example, though very free, we hardly worried about water/electricity and other distractions, so the serious ones have all what it takes to excel. Add stiff competition among the brightests to that, and you will see why First Class may not be impossible. @bolded private sch reality r much more diff. Than u 've pointed out there, in a private school like covenant they r made to engage in extra curricula activities that out weights lack of electricity, water etc u mentioned, i mean activities like church services (abt 9 hrs everx week), extra 30-something units minimum academic workload over a period of eight/nine academic semesters, physical exercises, restriction in movement even when they need to get out of sch for project and more. They produce first class simply becos the students merit those grades. |
Politics › Re: Gej V Yar'adua: The Better? by sheyguy: 8:29am On Nov 17, 2011 |
Still too early to make such comparison |
Education › Re: 62 Graduates Bag First Class In UNIBEN by sheyguy: 8:24am On Nov 17, 2011 |
Jarus: First Class is never dashed out anywhere, you make it. jmaine: You gave him a very good response . . . first class is never dashed out but earned, now most state sch produce less cos of so many reasons: bibery, distractions like cultism. Aristoism, hustling etc, too much run at addmission excersice. Nobody ever dashes out first class. When it was CU producin 1st class fed sch. Were complaining, now we have fed sch regaining their consiousness and the state sch r beggining to complian abt them. |
Business › Re: Starting A Business After University Or Getting A Job. Which One Is Better? by sheyguy: 11:01am On Nov 16, 2011 |
The problem with the thread/topic's question has to do with that of poor education in the higher institution which is rampant in Nigerian schools. U ask a jobless grad. what can u do. & u will see that they have nuttin to offer. This is a result of years of neglect and low standard of education in most public sch. When u have nuttin u can do confidently it is hard to approach pple freely either to patronize u or hire u. |
Education › Re: Is University Of Ibadan Any Better Than Covenant University? by sheyguy: 11:44pm On Nov 15, 2011 |
Correction IT In CU engr. Dept . is actually 6 units while that of public schools is 15 units. [pls take note] |
Education › Re: Is University Of Ibadan Any Better Than Covenant University? by sheyguy: 11:38pm On Nov 15, 2011 |
Nobody is talking abt the topic of d thread again, all we r hearing now is ui will be better than cu 4eva, when cu produced 1st class in most dept. It was an offence but ui has finally done the same and suddenly the argument has changed to private uni students r dull cos the r caged and 2 me that 's a weak argument, we know beta what goes on in public schs. They runs everything in public schs. The average jamb score in CU is always higher than most public sch., the equivalent of post UME is harder to pass than most if not all public sch. Plus it is more transparent.
Food for thought: in CU an engineering student must takes & pass minimum of 200 units of workload b4 u can graduate. Now in this 200 units, courses like industrial training which is weight as 15 units in CU is weight as 6 unit in most if not all federal sch(at least 90%). Some of their courses weight 3 units in fed sch but have been rated 2 units in cu (engr dept especially) to accomodate "covenant's own courses". every student of CU takes 1 unit of theological course and .1 unit entreprenueral course every semester so after 8 semesters for 4 yr program and 9 semesters for 5 yr course u must have taken min 16 or max 18 units extra of course workload. For those doubting these claims u can verify it from the sch. Website. Now to be frank fed sch r considered more standard than state schs partly cos of the workload (and rating system) for the rest. I will leave u guy with the facts here to make decisions here for those us who r honest enuf. If u guys r not satisfied u can go ask from nuetral pple who come in contact with both sets of student for opinion. |