Kastonkastroll: National security comes first before any other thing. Well I dont expect some idiotic Nigerians to understand this considering the fact that we don't take our security very serious. Thats why boko haram alias bandits are playing pingpong with innocent lives.
Any Russian president would have done what putin just did in Ukraine. You don't throw away your national security in the bin just because of some social wants that are not even needs.
Na who dey alive go drive posh cars or work for posh offices. And that's what Russians and any reasonable human being is supposed to understand.
Nigeria does not have food or energy security talkless national security. Buhari is taking Euro Bond loans to pay for oil subsidies.
Ropostic120: No be small thing ooo UK govt just dey look for loopholes to finish this man because of the hatred for what Putin is currently doing in Ukraine. God dey shhhha
They knew about Abramovich's corruption in 2003, he even admitted to paying £10 million bribes to Russian government officials. The British government are hypocrite's.
Well, Iran can afford to pay subsides and also keep its refineries running because it produces 4.4m barrels of crude a day and has a population of 84million compared to Nigeria's 1.3m bpd and 211 million people.
Also, Iran has issues WITH subsides...
Keeping subsidies to support the local supply chain is an energy strategy that protects the wellbeing of a country. Nigeria cannot even source good quality refined oil. The recent contaminated fuel should be a lesson on depending on imported fuel.
Nigeria has the 10th largest oil reserves in the world and can easily increase crude oil production to 3.3m b/d and more if the country had invested and developed its oil assets.
Backbencher2: The problem also is whether Nigerians want to buy fuel at market price or at government subsidised price
The real problem is Nigeria's lack of energy security and strategy.
The decision on whether Nigerians pay market price or subsidised price is a secondary problem right now.
Nigeria cannot even source good quality refined oil for transport, home use or industry. Nigeria is not an oil-producing state but an oil-consuming country.
Despite years of sanctions by the West, the Iranian government has managed to refine 2.2 million barrel of crude oil per day and now intend to increase their capacity to 3.5 million.
Iran aims to increase its crude oil refining and condensate processing capacity from the current 2.2mn b/d to 3.5mn b/d by 2025-26, an increase of more than 50%, Petroleum Minister Javad Owji says.28 Jan 2022
During Jonathan era there's fuel scarcities at the price of 65 naira and 87 naira precisely and the economy was doing well because the impact wasn't well felt
Now APC buhari scarcity at 165 naira with worse economy
So scarcity at 65naira and 87naira and scarcity at 165naira which one is Better
Anyone who still support this government needs to be checked for insanity
Nigeria's problem is beyond party politics. The issue is vested interest how can Nigeria have 23 years of democracy and 1 single refinery is not working despite spending $9 billion to maintain them.
Why have both political parties refused to build new refineries, yet they are building roads and railways that depend on diesel-powered freight.
JosephXavier: We are holding APC accountable for all their promises made to Nigerians
They all said they are coming to bring change
Where are the changes?
I am surprised Nigerians are expecting changes from slogans like we will lift "100 million out of poverty"
The fact is that Nigeria needs leaders that will tackle the vested interest, reduce the country's dependency on foreign IOC who decide Nigeria's energy policy, refuse to repair or replace the refineries (which must be government-owned), refuse to decentralise energy production and distribution.
Nigeria needs leaders that focus on simple policies like energy security, food security , light industry and taxation.
JosephXavier: Buhari told us that before 2019 that all the Nigerian refineries will be working at 100%
It's now 2022 yet we're still importing fuel
The last time crude sold at this rate, Goodluck opened an excess crude account
But this regime is telling us that the cost of crude oil has gone up meaning 1) There won't be any excess crude account 2) We still have to pay more for fuel
Get your facts in order
GEJ didn't open an excess crude account that was done by OBJ government. The average oil rate was $100.00 per barrel for the majority of GEJ yet they failed to repair or build a single refinery, how do you figure that out. Buhari's failure to develop Nigeria's oil and petroleum, should not be seen as GEJ achievement. GEJ =Buhari both are useless.
Nigerians are the architect of their downfall, the likes of Yaya Bello should be imprison and not contesting for the president of Nigeria.
With bad laws and good officials, it is quite possible to rule the country. But if the officials are bad, even the best laws will not help... Otto Von Bismack
Comradewhy: Another blow on Russia's economy, well the U.S. dollar is the world’s major reserve currency and has served well for the global economy. Russia does not trade much with the world and its main exports - gas and oil - are all tied to the U.S. dollar. . Alternative methods would be complicated with foreign exchange risks and just too messy for Russia's economy. How do they even plan on surviving this? Trading with other countries is going to be a torn in flesh for Russia.
Biden just played into China's hands , China hold majority of USA debt (bonds)
AuntLaVIV: Western world has destroyed Russia without firing a shot.
Putin should have known that the Western world runs the world economy.
Justice for Russia
The conversion rate is not the whole picture, Russia is one of the largest gas, oil and commodity exporters, it has a large manufacturing base so its products will be cheaper and in demand.
Nigeria cannot even refine the oil that it exports. Who is praying for Nigeria?
There must be something seriously wrong with Nigerians and the government that they support.
The fact that 23 years after the introduction of the 3rd republic, Nigeria's government of both political parties, have failed to fix the refineries and electricity capacity is a disgrace. This is evidence the Nigerians are docile and weak.
Vietnam and Egypt both increase their energy capacity from 20,000 MW in 2010 to 48,000 and 60000 MW respectively. Nigeria has the 10th largest oil reserve and the largest gas reserve in Africa, hence electricity generation should be a simple affair.
What Vietnam’s 20,000 GWh power generation teaches Nigeria
Oladehinde Oladipo Mar 11, 2022 Vietnam Vietnam, a country with a population less than half of Nigeria generates over 20,000 GWh due to a major policy rethink that revolutionised its power sector. Share Like Nigeria’s situation in the 1990s, Vietnam’s per generation capacity was only around 8,700 megawatts (MW) in 1990. 17 years after a major policy rethink, Vietnam’s power sector has risen to around 48,000MW while Nigeria is still struggling with a long list of excuses and billion-dollar losses to show for it.
Vietnam, a country with a population less than half of Nigeria generates over 20,000 GWh due to a major policy rethink that revolutionised its power sector. This resulted in the commercialisation and introduction of independent power producers, with a commitment to renewable sources where possible.
Naijalinks innerpage Nigeria on the other hand has nothing but an additional 800 megawatts despite billion dollar investments and an eight-year-old privatisation exercise.
Unlike Nigeria’s power sector which involved changing the structure of the sector to separate generation, distribution and transmission units, Vietnam was able to effectively create investment competition in its electricity market, a development that allowed the Southeast Asian country to attract needed investments to boost generation.
Vietnam adopted a major policy turnaround in 2005 that provided the framework to develop a competitive power market, unbundle Electricity Vietnam, set prices that better reflect costs, promote private investment, and establish a regulatory authority.
“Vietnam’s lesson story shows Nigeria’s state-centric institutions can develop the power sector with top-level government commitment, highly-qualified staff, and consensus among sector institutions,” Pedro Omontuemhen, partner and energy, utilities and resources leader at PwC Nigeria said.
Vietnam’s installed generation capacity grew from 11,578MW in 2005 to 24,500MW in 2016 with transmission and distribution losses reducing by an annual average of 0.6percent in the same period.
Read also: NNPC mulls buying government-owned power plants
“A key strategy used in the initial stages of the electricity expansion program was the deployment of rural electrification to commercial and productive sectors of the economy,” says FBNQuest, a merchant banking and asset management group in Sub-Saharan Africa
It added, “Given the importance of rice exports to the country, the earliest electrification programmes focused on connecting rice-producing regions of the country, thereby industrialising the rice production process.”
Findings showed Vietnamese electricity laws require national power development master plans to be adopted every ten-year period. These electricity Laws formalise the shift of the electricity sector to a market economy and diversify forms of ownership and management of electricity generation, wholesale and retail.
According to Vietnam Electricity (EVN), a state-owned enterprise, the objective of the electricity law is to encourage the participation of all economic entities in electricity development, development of electricity sources using renewable energy, development of smart power grid and establishing grid links with neighbouring countries.
In addition, current Vietnamese regulations also provide special incentives for solar energy projects, which are entitled to an import duty exemption.
For instance, a certain Act 2068 provides incentives such as zero import duty for fixed assets of a renewable energy project, corporate income tax exemption or reduction, land rental exemption or reduction and government funding for research and technology of pilot projects.
“Vietnam’s policies are to liberalise the electricity market and encourage foreign investors to invest in the market,” Omontuemhen explained.
Data from EVN showed most foreign investment takes the form of build-operate-transfer (BOT) projects, where a foreign investor builds a power generation project, operates it for a certain period of time to gain profits, and then transfers it to the Vietnamese Government.
It also showed as of February 2020, there were 19 BOT thermal power plant projects, with a total capacity of about 27,000 MW.
According to Vietnam’s Ministry of Industry and Trade, the government has adopted various policies to encourage the development of nuclear power.
Specifically, nuclear power stations were included in the national power development strategy for the period 2012 to 2020, according to which five nuclear power stations will be put into operation from 2020 to 2030.
While Vietnam’s forward-thinking policies seem to be yielding more fruits, Nigeria’s policy formation and economic choices leave less to be desired.
BusinessDay analysis shows that although Nigeria’s transmission capacity has increased by 20 percent to an average of 4,200mw in the last eight years, Nigeria’s population has soared by 57 percent in the last eight years from 131 million people to 206, according to the latest World Bank estimates.
Despite prevailing challenges, the Central Bank of Nigeria (CBN) has in the past seven years spent over N2 trillion to keep the nation’s power sector from collapse.
The interventions include Power and Aviation Intervention Fund (PAIF), hovering at about N300 billion, Nigerian Electricity Market Stabilisation Facility (NEMSF) at about N213 billion, N140 billion Solar Connection Intervention Facility, over N600 billion tariff shortfall interventions and another N120 billion intervention designed for mass metering, among others.
“Despite this level of intervention, the generating companies had estimated receivables of over N400 billion in 2020 alone. While the interventions have been central in ensuring the profitability of operators along the industry’s value chain, they remain insufficient and unsustainable,” noted Augusto & Co.
The International Monetary Fund estimates that Nigeria’s economy loses about $29 billion a year because of electricity supply problems. Ninety percent of the industry provides its own power. The Manufacturers Association of Nigeria says that roughly 40 percent of the cost of production goes to power. https://businessday.ng/energy/article/what-vietnams-20000-gwh-power-generation-teaches-nigeria/
Stormtrooper11: The Ah-1z supercobra attack gunship, is an American built attack helicopter. Nigeria has paid 800 million dollars for the purchase of 12 airframes and support spares. Currently, the delivery is being delayed due to human right records. Sources familiar with the matter claims this situation is similar to the purchase of the Super Tucano and would be cleared soon. If eventually delivered, it would be a game changer for the Nigerian Airforce.
ChangetheChange: Russia has always bragged to have 900,00 troops , why isn't Putin sending some of those troops into Ukraine, but instead a world power like Russia is begging Terrorists/jihadists to help them take over Ukraine Putin confused Nairalanders should come and defend Putin on this one [/b]
The United States used mercenaries in Iraq and Afghanistan, in fact, the majority of the operators were mercenaries. This should be worrying for Ukraine because Putin has admitted that he plans to turn Ukraine into Allepo.
Kingpele: Journey mercy ,this is not the fault of government for those talking trash about the government, the driver of the train should be blamed ,who embarked on the journey without making sure he has enough diesel in his tank before making the journey, afterall this is train not a car u could refill on the way ,the management of the train station is solely to be blamed.
Who employed the useless train driver, the government that can't fix simple refineries.
I can't blame Buhari, when he was launching these railways, Nigerians failed to ask how the railway will operate and be maintained. Even the Chineses have given up.
The number one priority of any country, is energy security, something that the military, PDP and APC have ignored due to ingrained corruption and incompetence.
TenQ: Thinking of something is NEVER an offence. Its like me commiting a murder because I DREAMT my neighbour shot me in my dreams?
Why do you think Ukraine would rather join NATO than stay under the protection of their relative and big brother?
Ukraine first tried to join NATO in 1992 a year after the collapse of the Soviet Union.
NATO is an aggressive organisation that has recently been involved in the invasion of Libya, Iraq, Afghanistan and Syria. Putin will be stupid to wait for NATO to set up shop in Ukraine.
Jackanda1: Russia started this whole crisis by taking over Crimea(Ukrainian territory).
Instead of finding peaceful ways to settle with ukraine, they gave arms to certain part of ukraine close to its border,(Donbas) leading to chaos and fighting inside ukraine. Imagine Cameroon giving arms to IPOB.
The leaders of ukraine getting frustrated and afraid of what might come next, decide to ally with America and join NATO because of bullying from dictator Putin. Russia claim this is a threat to it security and decided to invade and kill ukranians.
It's the oppression, lies, land grabbing adventure and bullying from Russia that caused almost every country around Russia to want to join NATO, But russian trolls want you to think it's America's fault
It started with a coup in Ukraine and the Russian leaning Ukraine President was overthrown with the support of the USA CIA, Ukraine neo-Nazis started attacking the Russian minority
Why did Ukraine not join NATO? Plans for NATO membership were shelved by Ukraine following the 2010 presidential election in which Viktor Yanukovych, who preferred to keep the country non-aligned, was elected President. Amid the Euromaidan unrest, Yanukovych fled Ukraine in February 2014.
DukeNija: Iran desperately needs the billions from the deal and are eager to sign the final papers. Hate the west all you can but they’re the only people standing up for the free world. You think Russia and China care if Iran is armed with Nukes? Lol. What else do you expect the west to do in order to halt Putin’s marauding quest? Sit back and watch? Russia cannot circumvent the sanctions, even with the aid of China. The Russian economy is on a free fall.
Standing up for the Free world, you say, what is free in Africa.
The West may be economical power, but they are not standing up for anyone but themselves and good for them. Please don't advise me that the West are my allies.
The West need Iranian oil to counter the sanction on Russia and reduce the high infliction and recession pressure in the West. The West will make concession and Iran will still proceed with their convert nuclear program.
immortalcrown: Naija is a scam. This case is even came open because the top cabals hate the man. If the man is Bubu's favourite, you will not hear this issue until Bubu's opponent takes over. An opponent taking over may not even expose the case because the man would have set the office and all the incriminating files on unquenchable mysterious fire before leaving the office. If you check well, he did not even get the office by professional merit. I think the best way to handle a case like this is to first scrutinize the person's promotion process.
Nigeria is a scam. The country needs an unexplained wealth order to place the responsibility of corruption on the perpetrators and on the courts. An immediate arrest and all assets frozen should be the first action of the courts.
An unexplained wealth order (UWO) is a type of court order issued by a British court to compel the target to reveal the sources of their unexplained wealth.
WoundedLamb: Sorry, your first sentence is ungrammatical and that makes it a bit difficult to understand. You might want to review it. Frankly, no offense.
That said, Russia was a signatory to the Budapest Memorandum and Russia violated that by invading Crimea even before referendum. It's not everything that has to be twisted for the sake of argument. Putin just has no regards for international pacts and this makes it hard to relate with him. Ukraine was not building any nuclear bomb. You think they'd give up all thier nuclear warheads (3rd in the world) just to start building petty bombs all over again? These are speculations and Russia never cited that as a reason for ignoring the agreement to invade Crimea. They clearly invaded Crimea for the sole purpose of annexing it while damning the consequences cause they knew Ukraine was helpless. That same year, they focused on Donbas and successfully disassociated them from Ukraine. Today, they're moving to finally carve them out. In what world is this fair, please? How many times will he disintegrate this country before y'all see that it's just not right? You think all these just happened by chance? Ukraine cried out in 2018 but the world ignored and now they're actively seeking help and this same Russia is saying no.
I am not an authority but I believe the main reason Russia does not want Ukraine in NATO isn't about any missile. Virtually all Russian neighbours are NATO members already. They simply want to finish thier project before whatever remains of Ukraine is able to join NATO. And this is why they didn't want to take diplomacy in this issue; they just dropped thier request with no possibility of compromise. Negotiations were still going on Wednesday and they moved in on Thursday in the guise of peace keeping and then eventually spread out all over the country. These are moves of someone who's in a hurry to meet a target. We all know Russia is a bully. People are just letting thier hatred for the West push them into supporting oppression.
No offence taken, Nairaland is a hobby and not part of my productive life, but despite the poor and unreadable grammar as you so stated, you have provided a substantial response..thank you
My response ....
Russia, the UK, France and USA were all signatories to the Budapest Memorandum and it was an assurance to Ukraine and not a guarantee that Ukraine will be protected. There was no binding defence agreement like the NATO alliance.
Russia's security and economic interest are both at stake, that's why Russia invaded Ukraine. The utube podcast provides a further illustration on the subject.
The memorandum was originally signed by three nuclear powers: the Russian Federation, the United Kingdom and the United States. China and France gave somewhat weaker individual assurances in separate documents.[1]
The memorandum included security assurances against threats or use of force against the territorial integrity or political independence of Ukraine, Belarus, and Kazakhstan. As a result of other agreements and the memorandum, between 1993 and 1996, Belarus, Kazakhstan and Ukraine gave up their nuclear weapons.[2]
The Budapest Memorandum was negotiated at political level, but it is not entirely clear whether the instrument is devoid entirely of legal provisions. It refers to assurances, but it does not impose a legal obligation of military assistance on its parties.
WoundedLamb: Lol... See the person accusing someone of reading the back of the internet. You're reading Wikipedia. Dude, Ukraine had the third largest repository of nuclear weapons in the world post independence. They started transferring their nuclear warheads to Russia in 1994 and transferred the last one in 1996. What Ukraine dismantled (or destroyed) was their nuclear infrastructures like missiles, missile silos, missile boosters, carriers, bombers and later, thier strategic nuclear delivery vehicles (2001). They turned over their nuclear warheads in exchange for security guarantees. It is very obvious from your first comment that you are not conversant with this subject. Stay away from it before you embarrass yourself any further.
The Budapest memoranda is an assurance and did not guarantee by Russia, UK, USA and France gave Ukraine. They can break that assurance if they found out that Ukraine was not abiding by the rules in this case Ukraine planning to use its stockpile of enriched uranium from it's civilian nuclear plant to build a bomb.
pargelenis: 1) Russia aid to Nigeria: ? ? ? 2) USA aid to Nigeria in 2020 & 2021 : USD 500 Million (over 200 billion Naira).
“ …The United States is the single largest donor for the humanitarian response in Nigeria, having provided nearly $505 million in Fiscal Years 2020 and 2021… “
Name me one country that has developed with foreign aid and charity, look at what foreign aid has done to Haiti, turned a basket case into a lost cause.
What Africa needs is investment and trade, western subsidies and protections are policies that have deneied African countries of an equal playing field to export their commodities.
What is meant by Dead Aid? In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth.7 Apr 2009
This G4 which wants good for Africa, but not for itself February 27, 2022 - 01:00 in World This G4 which wants good for Africa, but not for itself
Four countries of the African Union (AU) Algeria, South Africa, Nigeria and Ethiopia on the sidelines of the last European Union-Africa Summit created an African G4 whose grouping “must be reactivated within the African Union”, according to a press release from the leaders of these four states.
“The African G4 wants to be an informal grouping for diplomatic purposes launched in Brussels last week, on the sidelines of the last one”, it is indicated, adding that this new platform aims to coordinate, analyze, consult and find solutions. solutions to the continent’s challenges by proposing a strategic mechanism aimed at providing practical and effective solutions to the various problems facing Africa, writes the French media, which indicates that Algeria, Nigeria, South Africa and the ‘Ethiopia.
This quartet effectively shares the same point of view on multiple issues concerning the continent, East against foreign interference, rejects Israel’s membership as an observer member of the African Union, recognizes the SADR as a member of the EU, and also share the same vision of security in the Sahel and especially in Mali in the time when France is preparing to leave this country “.
An official summit between the four heads of state will be convened.in the coming months to draw a roadmap “, indicated the Nigerian presidency without having communicated a precise date.
Let’s see who these four states are kidding who want to be the powers of Africa as if Egypt, Morocco or others were not. This African G4, which wants to be an informal grouping for diplomatic purposes launched in Brussels last week, has little chance of succeeding in the mission it wants. These lesson givers before wanting to sanitize in others should first sweep in front of their doors.
Let’s go! Nigeria, which encourages separatism and which just with Boko Harem, every day that God makes, has a lot to worry about, is not even damned to supply its citizens with fuel when it is the the continent’s leading producer of black gold. In mid-February 2022 he was faced with an unprecedented fuel shortage for a whole week. Source of this dysfunction, the importation of gasoline because this great country buys abroad the main part of its fuel, for lack of refining itself the barrels extracted from its basement.
Ridicule does not kill you say, but it makes you laugh nonetheless. How with such management can we claim that of the continent. In Nigeria, as in Algeria or South Africa, for that matter, natural resources are detrimental to the development of the country and its citizens.
As for South Africa, what can we expect from a nation that raises the specter of xenophobia as the only solution to its social problems and where the “Operation Dudula” movement (release in Zulu or push back) takes increasingly in magnitude. Since mid-January, groups of South Africans have been demonstrating against African immigrants and other illegal immigrants under the benevolent eye of the executive. A new apartheid is being born in South Africa led since February 2018 by Cyril Ramaphosa.
The country’s economy is in decline and society remains weakened by social inequalities. We also remember the wave of looting in July / August, where the population could not endure shortages of fuel and food had resorted to this only solution to survive. And it wants to manage Africa.
G4
The initiator of this G4, Ethiopia where famine threatens due to almost interrupted humanitarian operations and which for fifteen months has been bathed in a bloody civil war which has caused thousands of deaths against the separatists of Tigray, wants to be a lesson giver.
The paradox is that it recognizes SADR but not Tigray. Ethiopia, on its initiative, killed two birds with one stone by ejecting Egypt, yet a power far superior to it in all respects because of the differences over the Renaissance dam. And it wants to lead Africa. What can we say about Algeria except that it has just celebrated three years of hirak, to ignore everything else. No comment!
Autos › Re: Nissan Stops Production At Russian Factory by sulaak(m): 8:02pm On Mar 16, 2022
