₦airaland Forum

OP,

You can send her to school and that deals with the problem. Since she speaks good English, why are you even worried?

One of my uncles met his wife as a school cert holder and today she is a high court judge after he sent her to read Law.

Your bed will turn out how you make it. Some of these so-called educated girls we have are very unrefined in their behaviour and speech and cannot be wife material. So which one would you prefer?

Becoming wife material is upbringing which is done from birth. Schooling is just a matter of years. So choose.

I cannot understand how a government and its ministers can never consider the purchasing power parity (PPP) when trying to force down these obnoxious policies down people's throats.

The money from the so-called subsidy removal, as we all know will NEVER make it to the Sovereign Wealth Fund. I have been in the MDG office when an Alhaji came in and was fuming; shouting in Hausa why he was given a contract of only N70million when his friends were given N500m, N750 million, etc. And he was being placated; that next time, he will get something juicier.

This is not a story; happened in front of me live.

I think it is high time we start to look at renewable energy in this country. I believe God to be able to raise some money, gather a team of investors to seriously begin to manufacture biodiesel from Jatropha and the Oil palm, which are in abundance in Nigeria.

Jatropha, though a poisonous plant, produces the best quantity and quality of biodiesel. It grows mostly in Northern Nigeria. Oil palm grows mostly in the South.

How can a country so blessed with the natural resources spaced out appropriately between the North and the South be in the kind of mess we are in, talking about subsidy or no subsidy since the SAP riots of 1987?

I would like us to use this thread to throw up ideas about seriously looking at a source of renewable energy that can be used by vehicles and engines in Nigeria, to be available within the next 2 years.

I am working on this and I will bring in investors. And believe me, I am equally ready to fight any member of this so-called oil cabal if they attempt to block development of renewable energy (so that they will keep bleeding this country dry).

I think enough is simply enough.

Below is an article from Investopedia. Notice the countries where petroleum products are cheapest: ALL OPEC MEMBER STATES.

Then Nigeria which is also an OPEC member state wants to do something that none of the other OPEC member states are doing: remove subsidy and raise prices.

Okonjo-Iweala and her people should take note: Nigerians are not exactly that docile. They can listen to the voices of reason or they can do so the hard way: their choice.

Please read:

In recent years, drivers have felt it each time they pull into a gas station: a sudden pang in the heart, and a low whimper sounding from their wallets. One gallon of gas in the United States cost $3.417 on Oct. 10. That's significantly off the $4 or more drivers had to shell out in recent years. (For more on the ever changing gas prices, see The Gas Price Rollercoaster.)

TUTORIAL: Commodities

Cheapest at the Pump
It's not that way everywhere. In fact, in some countries gas is given away or downright cheap. The countries where you can find the cheapest gas at the pump, in U.S. dollars per gallon (2010):

1. Venezuela (7.6 cents)
2. Iran (37.9 cents)
3. Saudi Arabia (60.6 cents)
4. Libya (64.4 cents)
5. Qatar (71.9 cents)
6. Bahrain (79.5 cents)
7. Turkmenistan (83.3 cents)
8. Kuwait (87.1 cents)
9. Oman ($1.173)
10. Algeria ($1.211)

You may notice some similarities between these countries. First, none of these countries are considered to have developed economies. Second, none are considered to be full democracies. Third, they are all countries where you might expect to find oil. Reordering the above ranking according to the "CIA Factbook's" oil production and consumption statistics for 2010 (For more, read Top 5 Oil-Producing Countries In 2011.):

Saudi Arabia (No. 1 production, No. 8 consumption)
Iran (No. 5 production, No. 14 consumption)
Kuwait (No. 11 production, No. 36 consumption)
Venezuela (No. 13 production, No. 24 consumption)
Algeria (No. 16 production, No. 40 consumption)
Libya (No. 18 production, No. 46 consumption)
Qatar (No. 20 production, No. 62 consumption)
Oman (No. 25 production, No. 70 consumption)
Turkmenistan (No. 41 production, No. 72 consumption)
Bahrain (No. 64 production, No. 101 consumption)

Why so Low?
Some countries consume more than they produce (Bahrain), while Turkmenistan (1.7 barrels produced/consumed), Iran (2.3 barrels produced/consumed) and Venezuela (3.18 barrels produced/consumed) almost do. Why would a country that produces so much oil want to keep prices at home so cheap, and thus keep demand high? One reason is that low prices help governments present a picture of being benevolent, especially in countries facing high poverty rates. Another reason is that it sends a message that a country's resources can be used at home as well. (To help you determine how gas is priced, check out What Determines Gas Prices?)

While motorists in the developed world might gnash their teeth at the thought of drivers in distant lands filling up a tank of gas for less than a cup of coffee, putting prices in dollar terms doesn't tell the whole story. After all, the average salary in the United States is likely to be higher than the countries on this list. Looking at a country's GDP based on purchasing-power-parity (PPP) per capita gives us an idea of a country's income per head while taking into account price differences. In the United States this figure was $46,860 in 2010.

1. Venezuela ($12,048)
2. Iran ($11,882)
3. Saudi Arabia ($22,606)
4. Libya ($13,845)
5. Qatar ($88,221)
6. Bahrain ($26,931)
7. Turkmenistan ($6,804)
8. Kuwait ($38,774)
9. Oman ($25,491)
10. Algeria ($6,965)

A Little Perspective
Looking at things this way takes some wind out of cheap gas' sails. While paying $1.211 for a gallon of gas, or around $18 for a 15 gallon fill up, seems cheap, it doesn't look so cheap when Algeria's per capita GDP at PPP is $6,965. Filling up twice a month for a year would be $435, or about 6% of per capita GDP at PPP. Filling up a tank in the U.S. the same number of times at $3.417/gallon would cost $1230/year, or 2.6%.

Despite drivers across the world having different levels of pay, keeping oil prices artificially low puts governments in a tough position.

It makes it difficult for them to let market forces take over in the future, especially since an increase in prices will be felt immediately. As seen in the U.S., people are very vocal about gas prices even though they make up a small portion of the average driver's annual spending.


It squanders a significant source of revenue that could be used to promote economic and social development. The government should be pumping money into a sovereign wealth fund that can be used to build non-commodity based industries.


It distorts consumer behavior by giving individuals and businesses an incentive to drive. This means that there is less of a reason to create more efficient technology, which means that there is lower demand for engineers and scientists.
According to the Sovereign Wealth Fund Institute, the sovereign wealth funds of some oil-rich countries are lacking. From the above list of countries with the cheapest gas, Oman, Iran, Algeria and Venezuela score poorly when it comes to transparency. Additionally, several have very low assets considering the amount of oil that is produced; Venezuela ($800 million) and Iran ($23 billion) should have better fund balances.

The Bottom Line
Governments know that the pressure is on, and some are moving away from heavy fuel subsidies. At the same time, the Arab Spring may make it more difficult to initiate the market reforms required to let gas prices appreciate. If you are a government trying to maintain power over an unhappy population, [color=Black]the last thing that you want is to increase gas prices and anger them more. Whether countries can continue letting the domestic market siphon off cheap gas depends largely on political will, but it also will depend on how much oil they have left to dole out. After all, gas may be cheap but oil supply is quite limited.



Read more: http://financialedge.investopedia.com/financial-edge/1011/10-Countries-With-The-Cheapest-Gas-At-The-Pump.aspx#ixzz1btN7D7ww[/color]

One of my most successful systems usually has a drawdown of up to 60 to 70 pips. When I started out, setting such stops was very scary for me. But since I coded it into an EA and resolved to use a good account size, remove emotions and resolve that the trade will sort itself out, I have not recorded a single losing trade with it. NOT ONE!

Three institutional traders are quoting to buy it off me for at least $20,000. I am holding out because I think it is worth more than that. Point I am making here is, most systems will work if traders can learn to use them properly.

I agree with Pin_Pimp. EMOTIONS are a traders's greatest enemy. Greed is an emotion. Trying to force the market is an emotion. Closing trades prematurely or adjusting stop loss unnecessarily is an emotion. Impatience (not waiting for the indicators to align properly) is an emotion.

ALL NEGATIVE EMOTIONS. Put emotions out and half the job is done. The other half is taken care of by other factors such as training, practice and using a good system properly.

khayc:
@stagger and odiero nothing has been sold aight,but shhhhhhaaaaared! so the thread remains awesome!
@FOREXMART dont tell me u have already programmed unclenna's strategy as an EA? Gosh! your Good if thats so

MQL coding is a course I teach people and can be learnt by anybody. I actually create strategies, make them into EAs and sell them. I can't say more because of the NDAs.

The last 3 pages have just been filled with merchants selling all sort of stuff. The purpose of this thread is gradually being defeated.

Who trades the USDZAR?

I stumbled on an article written some years back about this currency pair. Did not know that the daily range was close to 1,000 pips. Tried one of my forex trading systems on it and picked off 208 pips in a single trade (Friday to Monday).
I think this pair shows promise, especially now that the Yen crosses and some other ones are dozing.

There was an incident involving an airline (can't recall the name) where a technician who could not read English failed to secure a hatch close to the tail of the plane during refuelling.

20 minutes after take-off, the hatch came off and ripped away a section of the aircraft when the air decompressed, sending passengers flying into the air.

If a plane just had a window seal replaced, should you apply tape to it seconds before a plane loaded with passengers was due for take-off? How may tragedies have to occur because of these cost-cutting measures?

And yes, if it was a Nigerian airline, it would have made front-page news.

In forex, we have what we call realized and unrealized profit or loss.

If you sell, the profit or loss becomes real or realized.

If you leave it, the profit or loss becomes unrealized; it is not yet a reality. I think you should leave them for another 20 years. pretend they don't exist. I am sure that their values will pick up and turn unrealized losses to unrealized profits which you can then sell for realized profits.

We who are into forex use this principle everyday. On Friday, I was in a trade that closed the week at $650 in unrealized loss. By the time I finished work and came home yesterday night, the trade had moved in my direction for $2,070 profit (unrealized), which I now closed to realize the profit.

So please, leave it alone. Anything else you do will be disaster at this time; selling the stocks will just turn the unrealized N15m loss to reality.

Ideally, no one.

But if you need to, then get a mentor who has been married for at least 15 to 20 years and who has a happy marriage. Even at that, you do not spill the beans directly. Ask him (for men) and her (for women) what they would do in a particular situation. You narrate the situation and get their response.

Yes, I bought a number of books. But you cannot get them shipped to Nigeria directly. You have to use a US, UK or European address, and then it can be shipped back from there. What I did was to use Graphcard's virtual address system.

What you can do is to use Google to search for dropshipping companies that can receive and then ship your goods to Nigeria.
The snag is that what you pay for shipping ends up being quite high, but there is no way around that.

okeyz:
BROS! I NO FIT SHOUT!!, 800 usd wiped out in  a month, thats y i dont post here, peeps are collecting pips as if its falling like autumn leaves on their front door and all i could do is to read the testimony on nairaland, i beg make i face my career jare  

@ odiaero, more grease , sorry pips to your account o , i pray one day i will be like you,may be i will have to change my name to odiase, carry go sha nothing do u.

full time trading is the best if you know what you doing.

till then ---------------------------------------- i m out

The first live account is what I call "the reality check" account. For me it was making $2,000 in one sleepless night of trading and losing it all the next day. I mean, I stayed awake the whole night, made $2,000, got only one hour of sleep and tried to double the account the next day, without sleep. with a head clogged with cobwebs.

HOW SILLY WAS THAT? Men, I have done some stupid things in life, but that was the ultimate now I look back at it.

So persevere, you just got a reality check.

Stockfish is under the import prohibition list.

Has been since 1987 when IBB banned its importation on January 1, 1987. I listened to that broadcast myself, in the days when Nigeria's budget was read on 1st of January every year without fail.

JAkpayen:
Japanese government warns of intervention soon. Source: http://uk.reuters.com/article/2011/10/24/japan-economy-azumi-idUKL3E7LO00P20111024

pip p[size=1pt].[/size]imp abeg concentrate on what brought you into this business, otherwise he may make you derail on your plan

No one is derailing anyone here. Why is pin_p[i]i[/i]mp always attacking my person anytime I make a post as a contribution to this thread? He is allowed to have his say here like everyone else, but the moment he crosses the line to start making uncomplimentary comments about my person (which I boldly highlighted in his quoted text), then it is my duty to put him in his place.

Take for example, the bold-type statements.

pip love-vendor:
Oga mi. . . .you are still rambling in circles. . . . the crux of your point is still that in your OPINION news is paramount in trading which is why you stated that everyone should take news into consideration. i only stated that what works for you does not necessarily work for others which i why i used myself as an example. . . .come to think of it. . . .you are very bitter about everything. the only time you try to contribute here is when you think others have faltered one way or the other. . . never positive. . . .why na? if i were you i will kukuma stick with what you know best which is "developing strategies for institutions,  . . . "cough. . .cough. . .cough"  . . . .as you stated in the past,  . . . whatever that means.

Look at the bold statements: what in my original post about watching the news should have warranted such vitriolic comments about my person? That I am bitter, and the sarcasm laden comments? I do not appreciate such at all.

Make your comments, but strip it of all personal attacks.

jamace:
Is that also forex alert/discussion?

All na alert o! At least it will make you visit some of the past posts that prompted the outbursts on both sides.

pip love-vendor:
Oga mi. . . .you are still rambling in circles. . . . the crux of your point is still that in your OPINION news is paramount in trading which is why you stated that everyone should take news into consideration. i only stated that what works for you does not necessarily work for others which i why i used myself as an example. . . .come to think of it. . . .you are very bitter about everything. the only time you try to contribute here is when you think others have faltered one way or the other. . . never positive. . . .why na? if i were you i will kukuma stick with what you know best which is "developing strategies for institutions,  . . . "cough. . .cough. . .cough"  . . . .as you stated in the past,  . . . whatever that means.

You blab too much. You need to keep your mouth sealed with a zip or stick to what you know best and stop confusing people here on this thread. You are blabbing! In case you do not know, I am part of a team that provides technical analysis that is seen on the forex platforms of a major European forex broker, used by hundreds of thousands of traders worldwide.

I do not need to blow my trumpet for imbecilic cretins like you; I have monetized forex trading in many more ways than you can imagine and you don't know sh[i]i[/i]t about that. Take your silly opinions and shove them up your rear ends. Ok?

pip love-vendor:
@Stagger. . . . In my OPINION. . .i think it is wrong to say everyone should listen to news in order to determine one's trades. trading systems/strategies is dependent on one's personality. from your last post you have basicaly described yourself as a scalper. . . .no matter the adjectives you may want to use in describing it. you wait for news releases in order to determine your trades. i have no qualms with that. . . it works for you which is all that matters. others. . . like me prefer to trade long term with technical analysis as basis for it. personaly i pay no heed to news releases and i have also noticed that the effect of news does not last one bit. . . .to me. . .price is like a lion and trying to cage it with tight stop losses will only hurt you in the long run. . . . .which is why i stick to a 300 pip stop loss. . . .let it roam free, it will always come back to you is my motto. case in point is the usdchf trade i entered three weeks ago, which just hit target on friday and i have placed another long term trade for a sell on audusd for a tp of 10035. . . . .to you it is unheard of to trade that way. . . but for me. . .there is nothing like it. . .like i said . . . .what works for you may not work for me,  . . .we are all different.

What are u blabbing about really? DO you read your comments and ask yourself if you are making sense or you are just talking off point?

Did you even understand what I meant in my post? The highlighted items show that you do not.

I was clearly talking about why the GBPCHF trade failed, and that was because of the retail sales figure which was much stronger than expected. Who was talking about you and your trading style?

Na your sense I dey use trade forex?

The moment I saw the title of this thread, I knew it was "Condom in the Blazer" Part 2 even without being told.

Well, the husband was careless; imagine leaving a condom anywhere in your house.

Madam fickle, you should know that the fear of Zenith marketers is the beginning of marital wisdom. These banker girls are something else. Whenever you are in Abuja, go to Zenith bank in Maitama and you will understand what I mean.

DerMeister:
Stagger is right, the problem is the people in authority and most of the idiots replying here don't even know what's happening or have incredibly short memories. Removal of subsidy has been done so many times in the past by previous govts & all the "blessings" they promised would come when subsidy was removed never came. Any fool who thinks subsidy removal will develope or benefit Nigeria/Nigerian masses should SET HIMSELF ON FIRE as he would be doing Nigeria a great favour.

Der Meister,

Vielen Dank. Bitte sag es ihnen.

The air is getting FRESHER everyday.

You don't need to use cards for Adwords. They also accept bank wires. That is the best method as Google Checkout is not known for accepting Nigerian card payments.

No trader worth his salt should just follow trade calls blindly.

And I want to say this: there is too much market moving news in the market at the moment. I sincerely think it is most unwise to just use technical plays to trade the market.

If Greece defaults, no one wants to know if the EURUSD has an ascending triangle or stochastics and RSI showing oversold levels. Traders will sell the EURO massively and make nonsense of whatever bullish technical signals anyone is using.

So everyone should watch the news as well when making trade decisions. Or you can be like me and stay out of the market completely. Last week I took only three trades and was successful in them. That was on Monday and Tuesday. I was out of the market the rest of the week.

Sometimes in forex, not taking a trade is as good as a profitable trade, if you know what I mean.

Grassroot:
Evidences:

I still dont understand how NOI is a puppet of world bank. How is Nigeria's money going to world bank? (Somebody should tell me). From all I know, Nigeria has had more benefits from WB than WB has had from Nigeria. Practically, she's one of the best economist in the world (I know some will raise their eye brows, but that's a fact). I'm sure she has a good plan for the economy. We just need to be more informed of them. Let's focus on the positives.

For the poster moving to Benin Republic.   Benin?? I want to believe that's a joke. Nigeria is not that bad. Business men in Benin want to move to Nigeria instead. Besides, as a business man, you should know the demerits of doing business in a foreign land, especially when its manufacturing.

So you want to tell me that companies like Michelin that moved to Ghana did not do their homework, or that me that wants to take my business to where I will not be subject to buying expensive fuel to generate power because my government cannot provide it in order to stop losing business is probably stupid, abi?

Or that the Reverend father who owns Songhai farms in Benin Republic is stupid for taking his business there when all the banks and governments in Nigeria he approached for funding in 1985 refused him, right?

HMMMM!

Great save by Varas, the man of the match.

mekaboy:
THE PROBLEM IS THAT NIGERIANS DONT DO FIRST THINGS FIRST. THEY REMOVE THE SUBSIDY , WHILE THE ROADS ARE BAD, SO THE PEOPLE DONT ONLY SPEND ALOT OF FUEL THEY ALSO SPEND ALOT TO REPAIR THEIR CARS.

HOW CAN THEY REMOVE SUBSIDY AND THE UNIVERSITIES INCREASING SCHOOL FEES? SO PEOPLE WILL PAY TWICE TO TRANSPORT TO SCHOOL AND PAY HEAVY FEES .


WHEN THE UNEMPLOYED ARE ALREADY PICKING UP ARMS TO ROB BANKS, WHEN THEY PRICE OF FOOD INCREASES , WHAT WILL THEN HAPPEN ?

FIRST THINGS FIRST.

1, FIX THE POWER PROBLEM

2,FIX THE ROADS

3, INVEST IN AGRICULTURE TO ENSURE THAT FOOD BECOMES CHEAP.

4, FIX THE REFINARIES

5, REDUCE SCHOOL FEES IN GOVT UNI

6, CREATE A DATABASE OF ALL UNEMPLOYED GRADUATES

7, CREATE EMPLOYMENT

8, REMOVE SUBSIDY

9, PAY ALL THE UNEMPLOYED YOUTHS MONTHLY FROM THE SUBSIDY FUNDS  EVEN IF ITS 10K A MONTH SINCE THE GOVT CAN PAY THE MEND. WHILE PAYING SUBSIDY

10 BEFORE I FORGET, NIGERIAN SECURITY SERVICE NEEDS OVERHAUL .

IF THINGS ARE DONE LIKE THIS THEN WE ARE GOOD TO GO.

Solid point, but them wey dey government no dey see am like that o!

Ricky_Ross:
Well I suspect you are part of dem group that has been bleeding Nigeria dry. I suspect you are benefiting from that fuel subsidy money thats why you sound very bitter and angry? Truth is, the subsidy money doesn't benefit Nigerians and I support it to be removed 100%. Let them use the money to fix our roads, refineries and build new ones.

As for you relocating to Benin, what are you waiting for? Why not even run to Pluto, does it matter? As far as I know, there are many Nigerians who took that step before you and relocated all their business overseas but today most of them are regretting it. If you are honest with yourself, you will agree with me no matter the electricity wahala here in Nigeria, you cant make much profit from any other African country like you will make in Nigeria. I have presence in so many African countries so I know what am talking about. Only the abuse and prejudice you will receive overseas just for being a Nigerian will make you wanna return home. There is no place like home my dear, I know Nigeria is not as good as I want it to be, but instead of joining lazy fools to bring GEJ down, I try my best to contribute my quota to this country. If you are complaining about light or petrol price, you need to ask people in Liberia and Sierra Leone how far and yet their citizens are not running away to set up business outside.


Even if you bring JESUS CHRIST to run this country you guys will still complain. Why are we always blaming the presidents, what about us the common man on the street, the taxi drivers, the market women, ARE WE HONEST? I was in Ogun state few weeks ago for a short visit, i hired a taxi to take me round for 3 hours, you know how much he charged me? 10,000 naira for less than 3 hours on a 30 year old taxi that doesn't have ac, yet petrol is available and cheap 65 naira per gallon. The story is the same when you go to the market to buy things. We all are to be blamed for this mess in Nigeria, so quit blaming Okonjo Iweala and GEJ coz they mean well for this country.

You gave instance of an unemployed graduate who set himself ablaze in Tunisia, what are you waiting for, why not start the Nigerian experiment, set yourself ablaze so others can follow you or are you too scared to die?

All in all, if we keep running away from our country then tell me who is gonna develop our country for us and employ our youths?

Let me break it down for you so that ignorant people like you will be better informed.

Fuel is imported, possibly at N140 per litre. This figure includes cost of product, insurance, landing costs, etc.
The government pays for the shortfall: SUBSIDY.
Money paid to the cabal that controls importation of petroleum products.

Okonjo-Iweala's Position

Fuel is imported, possibly at N140 per litre.
SUBSIDY REMOVAL. Fuel price will now be increased from N65 to more than N140 per litre, so as to recover the cost of importing fuel and pay the same cabal that imports petroleum products.
MONEY STILL PAID TO THE CABAL THAT CONTROLS IMPORTATION OF PETROLEUM PRODUCTS.

Look at the two scenarios above. What has changed? Has the cabal that controls importation of petroleum products stopped making the money they make from their business?

WHAT WE ARE PROPOSING
Government recovers all the 90% UNRECOVERED Abacha loot, plus the excess crude account, and stops all the kickbacks and inflated contracts given to cronies of the government that drain billions of Naira from the country, PLUS all the illegal oil deals done in the petroleum ministry, plus get the armed forces to stop all illegal bunkering, plus ensure that the oil companies declare how many barrels of crude oil they take away from Nigeria, including all the ones unaccounted for, etc, etc, etc (i CAN GO ON FROM NOW TILL 2020 TO TALK ABOUT ALL THE WAYS MONEY IS DRAINED FROM NIGERIAN COFFERS).

Take all this money, and build at least one refinery per state. Very feasible, very possible.

What does this do?

Boosts local supply of petroleum products; indeed, floods the market and creates a near glut of petroleum products. Prices will fall, and Nigerians will enjoy the riches under their feet.

Importation of petroleum products as a business dies a natural death. The oil importation cabal dies a natural death, as it will be more lucrative to refine and sell locally.

This is what Okonjo -Iweala should be pushing for, not a painful so-called solution that will lead to untold suffering on millions of Nigerians.

Rick-Ross, you have never done oil business at any level, so you know next to nothing about the dynamics of petroleum subsidy.

Sun of god:
Op

If you know whats good for you and your family - relocate your business.

Benin, Ghana, Togo are all better than Nigeria.

Heavy taxation is coming including corporation and employee income tax, - look at the recent reports and you can see whats they have in store.

Even the messed up federal roads they want to start taxing for the priviledge of using them!!!

This is ten times worse than what IBB and SAP did to Nigeria.

The removal of fuel subsidy is an indirect tax on all Nigerians.

Your costs of production WILL rise including costs of raw materials and costs of labour as your employees will demand more pay to meet their increased costs.

You and many other business men are about to enter a vicious circle.

The removal of the subsidy will lead to an increase in the price of your products - which may make your business uncompetitve and possibly no longer viable.

I have family and friends in Nigeria that are unemployed - but the truth of the matter is that your a capitalists and your in the game to make money.

Hence, yu need to bounce.

Ps: Your chums in FCT that are stealing need to be named publically - its characters like those that deserve to be kidnapped or even their immediate family kidnapped for ransom.

Afterall, they are responsible for the 'kidnapping phenomena' we now see in Nigeria.

I recently lost a $150,000 per year, 5 year contract to a Ghanaian company. This is because they were able to offer a more competitive price to the US firm that was sub-contracting part of its Asian operations to an African firm. All because the Ghanaians do not have to generate electricity; they have it there all the time, while I pay through the nose to power my production capacity in my own country where crude oil is located in my own village.

Now I put on my TV and I see Okonjo-Iweala and her people pushing a policy that will make me lose more money because I will pay more to generate power. Anyway, I will just have to make the move. The only people I am more sorry for are my workers. Many of them are the sole bread-winners of their families and if I move, that is more Nigerians facing harsher economic situations, while the World bank apologists and their sympathizers are talking about "the economy growing at 6% year on year".

Unbelievable!

trw:
Dr. Iweala's policies are geared towards rescuing the Nigeria economy. She is not interested in inflicting pain on Nigeria as alleged by this writer. Lets give her a chance.

This economy you are talking of: who is it? Who constitutes this faceless individual or entity called the economy? Is it an abstract entity, or is it human beings?

Why do we allow these people continually hoodwink us?

Subsidy removal means that the government stops paying these excess funds to the cabal; the whole bulk is pushed to the Nigerian people.  

The cabal still exists. They continue getting the money, albeit from a different source.

The only way forward is to abolish the cabal by repairing our refineries and building new ones SO THAT IMPORTATION OF ALL PETROLEuM PRODUCTS IS PUT TO AN END.

And no one should sell me the gimmick of Nigeria not having money to pay for this. Those who live in FCT and who are close to the situation know that the amount of money which goes into people's pockets in all manner of deals made in places like AGIS, (not to talk of other govt parastatals) can build 100 refineries in 2 years.

See what is unfolding in Greece. Once you become a slave to the World bank, you are finished as a country.

ochukoccna:
Benin?
Is that a good move businesswise
That apart, you speak French or any of their local dialect
[s]I'm assuming you bleed 9ja except you are from Benin republic originally.[/s]

I am a manufacturer with a global market. I am not a trader who does buying and selling. I cannot pay exorbitant amounts to keep generating power for my business, when I can go to a country where there is power 100%, cost of labour is cheaper and I can still maintain my global reach. Besides, I know some French and i can step it up to fluency levels in 3 months.

What is the continued justification to do business in Nigeria with the way these world bank apologists are running the country?

Who is the real hero of Biafra?

Ojukwu who pushed out thousands of refugees bound for Gabon and took over the plane that fateful night at Uli airport and ran away to Cote D'Ivoire 15 minutes before Uli airport fell

OR

Philip Effiong, the true brave heart that stayed behind and stopped the carnage by recognizing that continuing that war was going to add to the already 3million dead Biafrans and decided to put a top to it by announcing the surrender (and was eventually jailed for it)?

Many Igbos here have no sense of history and make so much noise about this Ojukwu fellow, who after boasting that he would be the last man in Biafra, slunk his tail between his legs and ran away, leaving his officers like Onwatuegwu to face certain death at the hands of Gowon? At least a man like Gadhafi stayed behind and died like he said he would, rather than run away like a chicken. Ojukwu did not.

Let us celebrate Philip Effiong and other brave officers who had the heart to stay behind and saved many more Biafrans from being killed by bullets and malnutrition. For me, they are the true heroes, not the run-away leader that Ojukwu turned out to be.