₦airaland Forum

adomuwiner:
You can fix this money for 16% monthly with one of Nigerian bank

Adomu..that is not currently possible.

Not even 16 percent for 1-year.

Nice makeovers. Me likey!

Na..the mall is always crowded especially on Sundays. As some shops are leaving, new one are replacing them.

And you Philip Nko?

Interested. How do I get prices & order? Do you deliver nationwide?

Osho Baba..you said few days back that you have not given him red card. You even invited him for meeting afterwards to make him remain in Apc. After he now left Apc, you now calling him names you never linked to him while he was at Apc.

Doing the last presidential campaign, I heard Amaechi saying gone are the days when Buhari will have very little votes in Rivers State.

He should know a time will come when someone's name will np longer win votes on a sickbed when he has become underperforming.

Butterflyle0:
I hope you realise that its not an insult when they say you wailers wail senselessly all the time.

So CBN now has the autonomy to issue out bail out funds without the express authorization of the FG?

Calling you a doofus would be an understatement. Whatever money was released from the CBN was directly done in cahoots with the FG.

Even your write up is so conflicted. One hand you say it was the CBN bailout fund and next minute you thank PMB FOR SUPPORTING THIS. If PMB supported it then why are you still wailing and trying to make it look like the CBN acted alone?

Next time type with a modicum of sense at least. Wailing shouldn't be a life time Job.

That you are newly registered makes me not surprised about your intent and posts. A simple lesson in basic economics talks about the autonomy of CBN even if you can't easily relate it with the fact that this happens with Every administration even before now. The difference between your team and people like us is that we praise leaders when they are supportive without pulling down others. Yours Is clear, everything Is all about PMB and nothing more. No wonder they call you Zombie..let me know when you need a new laptop or new phone so we can assist your ministry.

Butterflyle0:
Google is your friend. Perhaps your sort require pictorial images and cannot read for yourselves.

At least you now know better by posting a link. Why make an initial post without a link? Everything for you is politics.

This is a CBN Bailout fund in form of loan. In case you dont know, CBN has been doing this for many years under previous and current administration. You headline it as a political news, good business men applaud it that CBN is recognizing the benefit of supporting such real sector projects and like we thank previous administration, we also thank PMB for supporting this as it will create employment for more youths if the bailout is well utilised. It is not a dash

Butterflyle0:
A project such as this which has been abandoned for the past 20 years by PDP and all others but in 3 years is about to come back into operation via PMB instead of you applauding it you are busy trying to use your darkness covered lenses to look for more darkness.

Enjoy and continue.

Good things will never come out of Nigeria when every thing Is seen only from parochial political eyes. You prefer to confuse people by praising an alter ego instead of shedding more light to guide other business men, that if your report is even true. Mtchew

Coughs. FG Is doling out resuscitation funds to companies?

Or you meant they applied for a loan? If so, I'm sure it was applied for within the last 3-5 years and not 10/14-years loan application?

Location? Interested.

Abi all of them get fake certificates?

We are on the March Again..

Hope 2019!

We are on the March Again.

Hope 2019..

It is an open secret that corruption is riding high in this administration. It is just the fear of DSS, Police and EFCC intimidation that make people afraid of squealing.

As more people depart APC and th fear of PMB reduces, many of these will be made open.

You see what we meant advising you not to imply? And your attack dogs went loose against us.

Now, the Federal Ministry has clarified further and any layman will see your strong statement that IT IS ONLY 5% MAX that the FG is obliged to contribute.

Let me first show you what is very clear as of today..This first year 2018, Government is releasing/investing $55million. I repeat, $55m is initial investment by Federal Government of Nigeria in 2018.

See below please:

$8m represents startup capital for offices required
for takeoff. But $300m is the entire airline cash flow
funding requirements (aircraft, operations and
working capital) for three years (2018, 2019 and
2020).
“This funding can be in the form of equity or debt.
The financial model estimates cash flow
requirements as follows 2018 ($55m – $8 million is
included here), 2019 ($100m) and 2020 ($145m). In
order to ensure take of the airline in 2018
government will provide US $55 Million upfront
grant/viability gap funding to finance startup capital
and pay commitment fees for aircraft to be leased
for initial operations and deposit for new aircrafts
whose delivery will begin in 2021.
“The remaining financial injection by government
will be determined by the quantum of equity that the
strategic equity partner will bring as a result of the
PPP competitive bidding process.. Government’s upfront
grant/VGF contribution to equity will be funded
through either a supplementary budgetary allocation
or development financial institutions like AFREXIM
bank, AFBD, ISDB etc, who have indicated keen
interest in funding the national carrier project
because of its bankability and profitability profile.”
On how government intends to procure the aircraft,
the NCAA official said: ” As you may be aware it’s
almost impossible for you to pay for and get a new
aircraft immediately because it is not an off the
shelf item like indomie noodles. However, as part of
discussions with major Aircraft Manufacturers, the
Government will pay deposits for brand new
aircrafts and the manufacturers will support Nigeria
Air in getting very good dry lease aircrafts coming
directly from c checks and certified by the original
manufacturers. http://thenationonlineng.net/government-clears-air-on-controversies-over-national-carrier/

PassingShot:
I read with great shock the outright lie tweeted by Mustafa Chike-Obi and posted on the FP of Nairaland (https://www.nairaland.com/4631046/mustafa-chike-obi-former-amcom-boss) about the initial capital for the newly unveiled national carrier - Air Nigeria. The claim by the former AMCON Boss that $300m initial capital for the national carrier represents 5% of the initial capital is not only misleading but mischievous and unpatriotic.

For clarification sake, the $300M is the total initial capital required for the first three years of the airline and it is only 5% (max.) of this amount ($15m) that the FG is obliged to contribute. It's the private investors that will contribute the remaining balance of $285m.

The above position was clearly reported by Reuters here http://www.africanews.com/2018/07/20/nigeria-air-seeks-strategic-partner-to-invest-300// where it clearly stated “The initial capital is likely to be in the range of $US 150 to 300 million, invested in tranches over time from start up through the first years of operation,” a government document stated.

It was also clearly reported by Vanguard here https://www.vanguardngr.com/2018/07/nigeria-air-to-gulp-8-8m-preliminary-cost-300m-as-take-off-cost/ . Punch clarifies the 5% stake of the FG in the Project by stating “The Nigerian Government will not own more than 5% (maximum) of the new National Carrier. Government will not be involved in running it or deciding who runs it,” he said http://punchng.com/breaking-nigeria-unveils-name-of-national-carrier-logo/

Now, if the man who prides himself a mathematician is to be correct with his tweet, is he now saying that the initial capital is $6bn? If $300m is 5%, surely the 100% required initial capital required must be $6bn. Chike-Obi needs to tell us where (if it exists anywhere at all) he got his own figure from.


The tweet by the Mustafa, just as that by Oby Ezekwesili should be of great concern to all patriotic citizens of our country who genuinely seek to see Nigeria develop and succeed. Their tweets are a clear indication that many Nigerians do not mind cutting their nose to spite their face! They hate the president so much and if the total failure of the country is the only thing that must happen to justify their hatred for the president, it's all well and good in their own books.

This will so sell here in Nigeria if it comes out good.

Malaria Don Pafuka!

I don't get it, Sai Baba should be praised because Oil price will rise and thus will make our economy grow? What is the relationship?

Before 2015 Elections, GEJ Birds refused to fly.

Ahead of 2019 Elections, the angels are waiting for PMB.

Fingers are crossed. At least I believe the last part, corruption is on the increase!

God Bless you for this. Noticed high acidity in my test results last month. Now I know possible reasons.

deomelo:
What's that meaningless and irrelevant nonsense got to do with you still unable to read and comprehend?

We have documented facts and news articles statin precisely the FG's obligation so stick to facts and dispense off the puerile rumors, gossips, innuendoes, and rubbish that you cannot support with any credible facts.

No comment. Your responses already shows who you are & what you are paid to do.

deomelo:
Your problem is gross inability to read and comprehend simple English words.

And your overtly over Sabi mind I'm sure knows differences between 'cost' and 'capital' in the finance lexicon

Still ambiguous. No where in your link did they specify amount of Government investment so we can't imply it's just 5 percent of the $300m..

One of your link even stated the $300m as the Start up cost....not the total equity required for the airline investment.

Pictures? And capacity?

It true na. She is happily married and Whizkid is in her past. She is rising now as a wife & mother and actress.

See Jab...One Customer Microfinance bank

Lies & Lies. Professors posit based on facts. But here did not lay any fact. He should give names of the Hausa Fulanis that developed Jos before the Beroms did.

A lot of funny questionable government expenditures & so called investments as 2019 approaches...

You good! I sure need one too.

Wahala..see Naija politics. Even the hitherto quiet SDP now has factions?

Woke up monday morning with much pains on my right shoulder blades, neck & right arm. I've gone for massages every evening since then so as to sleep well but waking up each morning with the pain still existing.