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Investment / Re: Treasury Bills In Nigeria by skydiver01: 6:33am On Nov 16, 2021 |
You can say that again. Looooool but incredibly true and apt Tranquility2345: 5 Likes |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:48pm On Nov 15, 2021 |
Reminder 1: We were discussing ways of eradicating the endemic corruption in Nigeria that has prevented the country developing over many decades. Reminder 2: The reality of the scale of the corruption problem is that most Nigerians in leadership positions e.g. National Assembly members, House of Rep members, Governors, Public and Private sector management and employees, the justice system, law enforcement, presidents, the CBN etc etc are corrupt. And your suggestion is that those in leadership positions who also have corruption in their veins should start by getting macroeconomic policies right? Therefore, you are saying we have not had any right macroeconomic policies e.g. since 1960 and this is the reason corruption over decades have become endemic in Nigeria. Oh lest I forget, the populace has also not pressured those in leadership positions to implement these non-existent macroeconomic policies. I am indeed dumbfounded and speechless and will make no further comments on this topic. jedisco: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:30pm On Nov 15, 2021 |
Claiming Saint? and Nl Cia posts that have ever been posted by me? You are clearly either an "nonentity " or you are confusing me with someone else. Kindly reproduce any posts I have made in the past to support your accusation. If you are unable to produce this, then I suggest you improve your manners and desist from using derogatory words in your posts going forward. My suggestion is for your own good and development. XiaoLi: 2 Likes |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:45am On Nov 15, 2021 |
Looooool but absolutely true. Lazyyouth4u: 3 Likes |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 7:27am On Nov 15, 2021 |
jedisco: Yes my brother, I don pass vex sef. Good morning. Bottom line is that folks in the right position need to start making the right macroeconomic decisions..... Many right decision have been made over many decades. Which ones have been successful because of corruption? For example, was the decision to support Internally Displaced People (IDPs) in the North East in March 2016 not a right decision as a result of the actions Boko Haram? It certainly was. Can you imagine the most recent Secretary to the Federal Government (Lawal Babachir) stole/diverted over N500m allocated to (IDPs) in the North East (under the guise of a grass cutting contract - see vanguard news link below)? Who in their right mind does that? Disgusting! He still has his freedom today because of a useless corrupt justice system of paid delayed trials. If this was China he would have been executed in 2016. https://www.vanguardngr.com/2020/11/n554m-grass-cutting-scandal-efcc-re-arraigns-ex-sgf-babachir-lawal/ How about the over N400b unconditional cash transfer covid scheme in 2020 by the Federal Government via Ministry of Humanitarian Affairs to be paid to vulnerable Nigerians and SMEs because of the pandemic forced economic shutdown for several months? Was that not a good decision? Was it implemented as intended? No, because of corruption. Once again the money was diverted. In a multicultural society like Nigeria, one does need tact to solve some issues.... The same corruption bedeviling the current system will not disappear overnight. Kidnapping, terrorism, armed robbery e.t.c carry a death penalty.... How much has it helped.... Has the death penalty for these kidnapping, terrorism etc etc been implemented? No! We should stop kidding ourselves Nigeria cannot move forward without all these penalties being implemented widely. However corruption has been getting in the way of their implementation. So I suggest we should start with implementation of capital punishment. I also do not expect corruption to disappear overnight. But I do want actions to be taken to eliminate it so we can move forward as a country. All the announced deemed good endless words and policies has yielded no results for decades because of corruption. Btw, you did not answer the question below. Finally, besides being for or against capital punishment (lets leave that to one side for the moment) can you suggest what will "certainly" change the behaviour of Nigerians and Nigeria for the better that has not be tried in the past? remembering of course that all those that have been tried in the past have failed. 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 7:15pm On Nov 14, 2021 |
In principle, I am not in favour of capital punishment... The main issue is corruption has been successfully addressed by other countries by its introduction and strict implementation which transformed theirs to developed nations. The world is well aware of this. Even the US was once the wild wild west. capital punishment was the order of the day and overtime it was phased out in some US states after civility became more prevalent. I am very happy to live in a country whose citizens respect law and order even with capital punishment for crimes committed. Nigeria's corruption problem is so bad it has made fines and penalties for minor crimes, which has been the law here for decades, useless and has certainly not deterred their occurrences (minor crimes - infractions & misdemeanors) to date. By way of referred minor crime examples with large consequences... we have penalties for running red traffic lights. It has not deterred motorists from doing it frequently. consequences - avoidable accidents. we have penalties for having vehicles that have not been tested for road worthiness littering and driven on our roads. Have you seen the number of these on Nigerian roads? Shockingly high. Have you seen the alarming number of deaths caused by vehicles, trailers and tankers that should not be on our roads in the first place? corruption allows this to happen. Are you aware of the number of motorist that did not take a driving test but simply bought a driving licence in Nigeria? You should then not be surprised at the way motorists drive and the alarmingly high number of fatalities caused by this 'simple' acts of corruption (bribery). Therefore, it is better to start by making capital punishment for all crimes and over time, after we begin to see improved public and private services, improved citizenry behaviour, reduced scams/theft, improved justice systems etc etc, then one can choose to phase out capital punishment or only apply it to the most serious of crimes (felonies) going forward. I frankly cannot see any other way to change Nigeria for the better because of how bad the situation has become. Nevertheless, I respect everyone opinion on this issue. I am all in favour of any way Nigeria can change for the better. I only make the capital punishment suggestion because it has worked for other countries that had the same corruption problem and more importantly, all our existing rules and laws have been and continue to be flouted and all our policies for development have been disregarded and not implemented for many decades. Finally, besides being for or against capital punishment (lets leave that to one side for the moment) can you suggest what will "certainly" change the behaviour of Nigerians and Nigeria for the better that has not be tried in the past? remembering of course that all those that have been tried in the past have failed. jedisco: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:34am On Nov 14, 2021 |
Yes corruption is a major problem. Nigeria will get to the point when the masses will say enough is enough (I really do not know when. I hope soon). It has happened in many countries. Many political leaders in China were executed because the Chinese reached the point were they said enough is enough to corruption. In fact the death penalty for bribery or any corrupt act in China for all Chinese citizens is still currently in place and some other countries too. If 99% of our leaders are corrupt, that is not a reason the death penalty cannot be implemented. It would also apply to all Nigerians not just political leaders. This nation requires a clean out of bad leaders and citizens. For example, Ghana is where it is today because of the bold actions of Jerry Rawlings. In fact, you will be surprised that by simply introducing capital punishment for all crimes, current leaders and many citizens, even in the private sector, will not only change their behaviour but also start returning stolen funds to avoid being executed. Nigeria will not develop without radical actions that have been successful in other countries that faced high levels of corruption in the past. Today, these countries are all developed nations. Neverlosemoney: 4 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 3:59pm On Nov 13, 2021 |
I absolutely agree with your first three paragraphs but not the fourth (bolded). Nigeria can build its human capital by redirecting stolen/pilferaged funds from education, health and infrastructure (roads, electricity etc) annual national budgets. Integration with foreign nationals has been among us in Nigeria since and before independence and Nigerians have by and large chosen a path of pilferage and corruption simply because of greed. This has also continued to increase the poverty rate of the masses over the last four or five decades. This is what has led to our national development regressing perhaps 100 years. The quickest solution is to introduce capital punishment (death by immediate execution) for all crimes including simply running a red traffic light for a period of just 2 to 3 years and you will see that Nigerians will sit up and immediately choose to do what is right in all spheres of our society. Corruption and uncivilised behaviours by Nigerians e.g. budget padding, bribery, jumping queues, turning two lane roads into four lanes by impatient motorists, Government agency civil servants not providing services to the public until they are bribed etc etc will all disappear and then Nigeria will start to function and become a developed nation within a super short period of time. All Nigerians know the right things to do but most have been choosing the wrong things to do for decades because of their greed and rent seeking mentality (the desire to make disproportionate profits or illegitimate gains for not providing any product or service (scams/theft) or at best very substandard services and products - this also applies to public healthcare, education and all infrastructure). You will be amazed that so many contractors have over many years been paid large sums by the government for capital projects such as hospital, roads etc etc and they all built none because the wheels of justice not only turns slowly in Nigeria but is in itself also corrupt. So these idiot contractors are living large out there with these cases in courts for years with no justice in sight while we end up having no good public hospitals, schools, roads, pipe borne water, electricity etc etc. The introduction of capital punishment is what has made China and Singapore what it is today. I will go as far as including Dubai, other UAE countries and Saudi Arabia. When even just 60% of every service that improves the quality of life for all Nigerians begin to work in Nigeria, no one will want to leave, the Naira will gain in value and Nigerians abroad will even choose to relocate back to Nigeria. The justice system will be reformed and capital punishment can then be phased out or simply applied to the most serious of crimes like in some states in the US. I assure you Nigeria can work and develop. But it will not develop if Nigerians, who know the right things to do are not forced to do them. The link below is a reminder that not so long ago, foreign students used to come to attend courses and programs at Nigerian Universities to attain Bachelor and Master degrees because of the quality of our education system. So, Nigeria can be made to work and work beautifully. https://www.ui.edu.ng/internationalstudents jedisco: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:19pm On Nov 13, 2021 |
You are welcome. yinkaoke: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:27pm On Nov 13, 2021 |
Kindly find the results below. yinkaoke: 5 Likes
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:44am On Nov 13, 2021 |
certainly one with a huge reservoir of sarcasm emmanuelewumi: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 2:40pm On Nov 12, 2021 |
Selfish/self centered people (elites, politicians or whatever) that take steps or make decisions to lengthen/delay the timelines of developments that can enhance the quality of life for all is truly disappointing. Nevertheless, I agree with two points you made below (bolded). LordAdam16: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:17pm On Nov 10, 2021 |
You may find the news below both entertaining but I imagine quite sad too. https://www.nairaland.com/6843742/senate-approves-buharis-16-billion https://punchng.com/breaking-senate-approves-buharis-16bn-e1bn-loans-request/ |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:13pm On Nov 10, 2021 |
Few centuries? It has started already in many automated manufacturing facilities in Europe and Asia including China. E.g. over the last 30 years, 70% of the human labour assembly components of vehicles have disappeared (now automated with robots). And there are other examples too like automated warehousing logistics, package deliveries by drones etc etc. LordAdam16: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:39am On Nov 10, 2021 |
One of Buffett's investment advice....
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:46am On Nov 10, 2021 |
Quite right. Seconded. Many will be disappointed. History repeats itself Lazyyouth4u: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:09pm On Nov 05, 2021 |
Lets hope the right time occurs in our lifetime mymadam: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:21am On Oct 30, 2021 |
Kindly find below. yinkaoke: 2 Likes
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:37pm On Oct 19, 2021 |
Correct & Noted. davit: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:17pm On Oct 18, 2021 |
No reference to SEC licence on their website.... https://imaginelenders.com/aboutus/ richforever123: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:09pm On Oct 18, 2021 |
Unfortunately Yes ojesymsym: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 11:03am On Oct 18, 2021 |
Kindly find below. yinkaoke: 1 Like
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:02am On Oct 18, 2021 |
Word/Gbam. emmanuelewumi: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:06am On Oct 09, 2021 |
Can be viewed as such I imagine. But from my experience a lot of African governments and nations do understand how modern monetary systems work. However, because they are motivated by ill gotten gains & rent seeking (corruption) they choose to kick the can down the road by borrowing more. Stupidly they do not realize it will backfire in future... Even if they japa out of the country with the ill gotten gains, it catches up with them (Ibori, Diezani etc). Life is truly simple, many idiots just choose to make it complicated for themselves and make other innocent hard working peolple victims. jedisco: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:18pm On Oct 07, 2021 |
1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:18pm On Oct 07, 2021 |
That is not the correct website. NgHotGirls: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:28pm On Oct 01, 2021 |
Correct & Seconded ibechris: |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:09pm On Sep 30, 2021 |
Interesting Banks H1 results
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 6:53pm On Sep 30, 2021 |
Correct and seconded Afromentalist: 1 Like |
Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:16am On Sep 30, 2021 |
NTB auction results for 29 Sept 2021. 2 Likes
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Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:04am On Sep 28, 2021 |
Excellent. Enjoy. emmanuelewumi: |
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