₦airaland Forum

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.

ceah:
@sun of god,  How can Someone be so happy that a human being died brutally, we all gonna die someday, may God forgive us all, The Whole thing just made me go into research and now seeing The TRUE colour of The West,

Not all people that walk this earth can be classed as 'human beings'.

There are 'Soul-less' entities that walk this earth masquerading as humans.

Many are in positions of power - and they use it to manipulate and exploit the masses.

We are all victims of a 'Ruthless Conspiracy' - and many many people do not yet realise it.

However, people are awakening slowly.

She's a 'World Bank' Puppet.

Both her and GEJ are charged with heaping misery on Nigerians.

The are enslaving the nation by accumulating huge debts and putting in place mechanism's to make Nigerians pay.

Nigerians are being enslaved - and they dont yet realise it.

Okonjo-iweala is doing the work of the devil white man.

GEJ - the dullard with a PHD in Zoology is just going with the flow!!!

Look at Greece - that was the work of the IMF/World Bank,

Nigeria is finished . . . . .

[img]http://www.chinapost.com.tw/news_images/20110924/p02b.jpg[/img]

https://specials-images.forbes.com/imageserve/00OngMq8972Y9/620x434.jpg?fit=scale&background=000000

Some 'Negres' need to wake up and smell the coffee - fast!


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https://www.youtube.com/watch?v=Ryo8MRM_EpY&feature=player_embedded#![/flash]

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https://www.youtube.com/watch?v=eBaobOoXJE8&feature=mfu_in_order&list=UL[/flash]

I'm slowly developing the urge to want to kill some so called politicians and diplomats:

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https://www.youtube.com/watch?v=fxNeW9UhhO0&feature=player_embedded[/flash]

The view from another one of the devils daughters:

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https://www.youtube.com/watch?v=fxNeW9UhhO0&feature=player_embedded[/flash]

Ohh Bobby Hemmit - always used to be a little to eccentric for me but is a master researcher.

Seems similar to the believes of those that study the 'Kabala'.

Will get back to you after watching.

The 'Metaphysical Masters' - also check out Rev Phil Valentine.

Their like 15 years late . . .

Hope the villagers can hire a legal team to match that of 'Shells'

And why have they not also filled a lawsuit against NNPC?

The federal government successfully raised N55.67 billion, about $354 million in 3-, 5- and 10-year sovereign bonds on Wednesday, at its tenth monthly debt auction of the year, the Debt Management Office (DMO) said yesterday.

. . . .can all Nigerians please start preparing for slavery.

This money will have to be paid back - by you.

Sharpen your cutlasses, pump up your muscles and get fit.

You'lll soon be on a plantation in some part of the world.

Summarize the gad dam ting . . . . .i no get this kind time.

. . . . NDLEA are complete rookies.

Utter nonsense . . . .

If you are making reference to the savagery in Libya then it should be clear to you that muslims are savage beings.

Their religion has conditioned their minds for them to act that way.

After putting a bullet through a mans head or blowing up some innocent person they will shout 'allah akba'

What kind of sh.it is that?

Where in the world would you find christians or any other religious sect killing indescriminately?

Did the notorius revolutionary 'Che Guevara' kill people any how?

A true revolutionary has morals and principles - traits muslims in general do not possess.

Why dont the Muslims go and free their people in Palestine?

As Africans the only revolution we need is a 'Revolution of the Mind'

These foreign religions thrust upon us have left us totally fc.uked.

The federal government successfully raised N55.67 billion, about $354 million in 3-, 5- and 10-year sovereign bonds on Wednesday, at its tenth monthly debt auction of the year, the Debt Management Office (DMO) said yesterday.

A debt security issued by a national government within a given country and denominated in a foreign currency. The foreign currency used will most likely be a hard currency, and may represent significantly more risk to the bondholder.

The government of a country with an unstable economy will tend to denominate its bonds in the currency of a country with a stable economy. Because of default risk, sovereign bonds tend to be offered at a discount.


The Nigerian sovereign bond may have become more attractive to foreign investors because of the high yield (interest rate) it attracts. Yields on the instruments broadly rose to reflect the hike in the Central Bank of Nigerias benchmark interest rate by 275 basis points to 12 per cent at the last Monday policy committee meeting.

The debt office sold N8.0 billion of the 3-year, N17.67 billion of 5-year and N30 billion of 10-year papers, due to mature in 2014, 2015 and 2018 respectively. All the papers were re-openings of previous issues.

The 3-year paper was issued at a marginal rate of 15.50 percent, up from 10.50 percent last month, while the 5-year instruments were allotted at 15.30 percent against 11.25 percent previously and the 10-year papers were allotted at a marginal rate of 18.0 percent compared to 11.49 percent at the previous auction.

http://allafrica.com/stories/201110210875.html

BY Favour Nnabugwu
Federal Government Tuesday set in motion modalities to generate N500 bilion annually from its highways.

This came at a time a proposal to restrict trucks and tankers to dedicated service lanes on Oshodi-Apapa Expressway was presented to President Goodluck Jonathan.

Mr. Mike Onolememen, Minister of Works, who disclosed this at the inauguration of Road Sector Reform Committee in Abuja, said the federal roads could only be effectively maintained and sustained through revenue generation model in order for the sector to play its pivotal role to the nation’s economy.

He said: “It is estimated that about N500 billion could be generated yearly with over two million jobs created nationwide.

“With a current asset value of about N5 trillion, there is need for sustainable development and maintenance of our country’s road transportation infrastructure to provide safe, reliable and free-flowing system for motorists and other road users in order to facilitate economic activities in the country.”

Onolememen who gave the committee six weeks to come up with draft policies on road transportation, said Nigerian roads could be sustainably managed if the country’s road users paid users’ charge and other road-related charges.

He said: “If Nigerians could just part with a little road related users charges here and there, we will all be in a better position to benefit from very good roads. Nigerians will have a pleasurable drive on our roads.”

On Oshodi-Apapa Expressway, the minister disclosed that his ministry had made a proposal to the President to have a dedicated service lane for trucks and tankers on the expressway in Lagos so the tankers and heavy duty trucks would not obstruct traffic flow for other vehicles plying the road.

He stated: “We have made a proposal to Government and we want to hold Nigerian Port Authority and tankers accountable for implementing the proposal because we believe they have no business on that road.

“We have also recommended a dedicated service lane for the users of tankers and trucks going to the port and tank farms. In that way, the exisiting Oshodi-Apapa Expressway will be free to normal vehicles.”

Amplifying the revenue generation drive of the federal government, the Committee chairman, Dr Bernard Obika, said modern day road sector reform no longer run on a charity.

Obika said: “I recognised the multidisciplinary road business reform. I mention the word business because road today is business. It is no longer, in modern days, a purely charitable venture

“Any sector that like the Nigerian road sector that has an aseet valued at N5trillion is big business and must be manged along a rigid business line in order to maximise efficiency.”



http://www.vanguardngr.com/2011/10/fg-targets-n500bn-annual-revenue-from-highways/

Reuters reporting 'Saif Gaddafi' surrounded by NTC rebels.

CNN reporting that 'Mutasim Gaddafi' who was alive 2 hours ago and held by the NTC - now dead.

BBC Reports - Nato dropped an bomb on Gaddafi, he was then captured alive but died of his wounds whilst in the hands of the NTC - Nice story as it makes out that he was not assassinated by nato but died whilst in captivity.

BBC showing black people being rounded up and led away in Sirte.

Terrible . . . . may they rest in peace.

lindabon:
[b]i thought when someone dies, people use the line "may his soul rest in peace", first before anything,

Well, MAY HIS GENTLE SOUL REST IN PERFECT PEACE!  

First, Gaddafi should have bowed out of his seat long ago. It was not fair for him to want to rule forever. . .
Secondly, The rebels would have fought against him without needing to sell their souls to the west.

On a more serious note, are Africans just naturally silly, or is it that we are not intellectually endowed? When are we going to learn that the west are only after what they can gain from us rather than what they can give to us. Colonization, Imperialism, slavery. . . and still after all these, we still let them have the slightest control over us, in  the name of "helping out". Shame on us! Big Shame!
Gaddafi is an example of each and every Nigerian political leader. He is even better in a way because he tried to protect his people and he built infrastructures for them. And here we are, celebrating Gaddafi's death, when worse people are ruling our own country. Shame. . . What a Shame

You will be suprised that if a similar situation is to occur in Nigeria, the west are going to side our government as the lot have already sold their souls to them. I don't blame these world powers because I believe that they are exploring an opportunity (pure human instinct); abi you go give person sugar for mouth expecting the person to spit it out. Mbanu!   I only blame the idiots that keep giving them the opportunities that they exploit
Instead of finding a way to rebel against our own Nigerian government, we are there jubilating over matters that have nothing to do with us, while our own issues still remains with us. I so pray that the west doesn't remember us soon. Cos once given the opportunity, the west's evil hand no dey fear face[/b]

I know i've gone off topic, but yeah whatever! ! !

Wassup Babe -  

You sound like the type I would like to engage in 'Mental Intercourse' with -  

So whats up?  

[quote author=al-qaeda link=topic=785923.msg9382836#msg9382836 date=1319123169]an inter-tribal war will now take over libya. just like iraq. for some1 to rule his people for so long with an iron fist, means they can only be ruled in that manner. what gaddafi did to his people in 42 yrs with an iron fist is happening in 9ja also but in a democratic way. he put libya on tha map. petrol was selling for only 22naira a liter. steady light. beautiful roads in the desert. roads that u cant even find in the best of nigerian cities. a steady economy. what more could they ask for. they will surely regret this. western nations using people to destroy themselves. the west will soon collapse. global power is shifting. it was obvious at the last un meeting on syria. welldone to russia and china for seeing who the west really are.[/quote]Thank you,

The middle east is being purposely distabilised for a reason - Divide and conquer!!!

The NTC are being used and screwed by the west - and they dont even know it.

playmode:
Please do not abuse his parents,i know he is an  a-hole but my brother please leave his parents out of it.

He is just a raz boy who grew up with raz friends in a raz neigbourhood.That is why he is wild like an animal in the jungle.

Fc.uk Sagamites mother
Fcu.k sagamites father

The also should have been aborted prior to birth in order to have prevented the imbicile sagamite setting foot on this earth.

If they were unable to raise him properly then they should have killed him at an early age and done the world a favour.

(Ps - love the profile picture -  )

Sagamite:
You are a cretin!

His spirit will live on in your demented mind!

Fooooooooooool!

sagamite - I dont know how you managed to avoid being aborted after your unknown father r.aped your who.re of a mother.

But your in this world now - displaying the traits of a B.astard child here on NL.

If you know whats good for you - f.uc.k off with your comments.

You Son of a who.re  and R.apist.

Your one hell of a c.un.t.

Dont ever address me again - you degenerate.

Ps: You dont have a monopoly on foul mouthing - because you get away with it here dont feel people cant respond in kind.

Now fc.u.k off and go and find your real father so you can bad mouth him - Cun.t

cap28:
Gadaffi will forever remain a hero to me - only a true hero could withstand the terrible onslaught from the world's most formidable military machine made up of over 40 european countries as well as america, canada and australia and still fight valiantly.

Gadaffi and the courageous people of libya refuse to be slaves of the europeans and americans and for that i respect and admire them.

i salute Gadaffi and his family for fighting for their right to self determination i salute them for refusing to sell their great nation to Shell, Exxon Mobil, Chevron, the IMF and the World Bank.

I salute them for not being cowards like those bas.stards who are running nigeria, imagine if those cowards in nigeria were forced to defend nigeria from a colonial invasion - imagine how all of these criminals in power would have run away at the first sound of a gun shot.

May god bless brother leader Muammar Al Qadaffi - the lion of africa and king of kings - if this news is true Gadaffi will remain a martyr in the hearts of many.

seconded . . . .

Gaddafi murdered by Nato - and people are celebrating.

I'm not an Arab or a Muslim but to me the man was principled and far from stupid - he was also no coward.

Now I see images of his body being dragged through the streets by these NTC animals.

His spirit will live on . . . . .

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https://www.youtube.com/watch?v=4DuEClDjZmM&feature=mfu_in_order&list=UL[/flash]

Another $1.5 billion about to go down the drain.

. . . .And why do we need to borrow, borrow, borrow like there was no tomorrow.

I guess the bank doesn't care if the money is 'pilfered' in the normal Nigerian manner - as long as they are paid back with interest.

Has GEJ blown all the foreign reserves?

History is both the account of events and the role of prominent actors in these dispensations. Every nation or state will always have its defining moments. At such critical junctures, we may encounter a protagonist whose fortunes interweave with those of the larger society. Inevitably, the mention of certain states evokes the names of certain leaders because of the role played by these figures in the founding or restructuring of their societies. What is important is that the leaderships gave expression to the dreams and aspirations of the people.

In Anambra State, Governor Peter Obi's perseverance in nurturing to fruition the vision behind the creation of Anambra State on August 27, 1991, has rallied the discerning citizenry behind him.

With a concentration of human capital, inhabitants of the area around the Anambra River had for long been hungry for development. Relatively early exposure to western civilisation gave the people a head start in education, public service and entrepreneurship. But an artificial dichotomy had been created between the northern and southern halves of the old Anambra state. This environment was restrictive of the zeal to excel. The new Anambra State was thus envisioned to harness the potentials of the state and the individual to bloom.

Created during General Ibrahim Babangida's tenure, the first two governments of the state were military regimes. As officers on military posting, the governors were probably not aware of the people's vision for the state and even if they were, would not have considered it binding on them. Successive civilian administrations before the Peter Obi government had contributed their quota to the building of the state according to their capacity and the circumstances. The Chukwuemeka Ezeife administration made feeble gains in its two year span before it was truncated by the Abacha coup of November 1993. Chinwoke Mbadinuju's government and Chris Ngige's regime were engaged in survivalist battles for the most part of their duration. While Mbadinuju's reign was marred by frolicking and clientele politics, Ngige's government was burdened with legitimacy syndrome. Ngige had not set out to be a Governor in 2003 and so not much would realistically have been expected from him. It is not in doubt though that he performed better than Mbadinuju.

The popularity of Obi's mandate ushered in a refreshing era in Anambra's history. His reign indeed proved the key to peace in the state. Obi's acceptance cut across the socio-political landscape, a fact buttressed by his re-election in 2010. It was also clear that Obi came prepared for the job he was to do. His systematic approach to rehabilitation of institutions and infrastructural development was evident of rigorous thought and planning. But perhaps, over and beyond these factors, what endeared Obi to civil society was the demonstration that he placed service and governance before politics. Whatever reservations one may have about Obi, no objective assessor would doubt the governor's selfless commitment to the cause of the state.

Obi's passion for the development of Anambra State evident in his well-thought out infrastructural projects; high sense of fiscal discipline; and values-suffused policies, has continued to unite progressive minds in the State. There is a new sense of the commonwealth that seeks to uphold the common good as the highest law. Obi's leadership not only ushered in the era of peace but perhaps even more significantly, eroded the barriers of political differences that hitherto held down the state.

This solidarity was demonstrated recently in two significant ways. The commemoration of the state's twentieth anniversary on August 27, 2011, rallied the elite and civil society as had never been witnessed since the creation of the state. And it was not just a massive response and identification with the governor's untiring efforts; the feeling of camaraderie was unmistakable. The resolution from the distinguished assembly was simple but profound: Thank you dear governor for bringing us this far. If we had started this way two decades ago, we would have gone places. Now, nobody can doubt that united, we can do it.

The second instance of how the new Anambra is working was revealed in the mediation of the dispute between the state government and organized labour over the implementation of the March 2011 Minimum Wage Act. On Wednesday, October 12, 2011, the leadership of the Nigeria Labour Congress succumbed to public pressure and suspended the three week old strike by junior public servants in the state. Five days earlier, the Trade Union Congress, the umbrella body of senior officers, had taken the same line of action to the commendation of the citizenry. The industrial action had pitched the labour unions against the rest of the State.

Whereas the state government on giving effect to the law had made a graduated increase of ten thousand naira to grade levels on the senior cadre, the workers' Unions demanded an over hundred percent increase and went on strike on that score. After listening to the representations of the two sides, the Anambra State Elders Council upheld a key point of the State Government in the dispute. It held that while workers were entitled to agitate for higher wages, it was unacceptable to devote 'most of the resources of the State for the payment of salaries while leaving very little for capital development and public services.' It was on the imperative of this point that the strike was suspended for negotiation on a realistic pay rise. This was a victory for Anambra State

http://allafrica.com/stories/201110190660.html

. . . . the risk of foreign partnerships.

So the chinese are holding the people of Chad to ransom?

Not good . . .

* Anger after Chad raises fuel prices over weekend

* Chad produces own oil but refinery was operating at loss

N'DJAMENA, Oct 19 (Reuters) - Chad has raised the price of locally produced and refined fuel products, drawing criticism from many in the Central African state which only started refining it own oil in June this year.

Chad's first oil refinery, a joint venture with China National Petroleum Company, last month suspended production, saying the price agreed with Chadian authorities to supply them was driving it into heavy losses.

The price hike comes as several countries across West and Central Africa -- including Cameroon, Nigeria and Guinea -- have come under pressure to slash state subsidies on petroleum products, which are eating into government budgets.

The price of a litre of petrol in Chad has risen to 490 CFA francs ($1) from 330 CFA, while diesel has risen to 495 CFA from 374 CFA, according to a government statement read on state television over the weekend.

A 6 kg bottle of cooking gas now costs 2,900 CFA, up from 1,900 CFA, the statement added.

Daouda El Hadj Adam, president of national consumer association, said he was "stunned" by the move.

"It is unacceptable. The prices must come down immediately. The government must get civil society involved in talks so we can agree on the price," Adam added.

Mbailassem, who was lined up at an Oil Libya petrol station in N'Djamena, accused the government of being insensitive.

"Instead of paying nearly 500 francs, I will go to Kousserie (in neighbouring Cameroon) to buy my fuel for 350 francs," he added.

No official reason was given for the price increases at the weekend but a government source told Reuters that the hike was unavoidable due to production costs and the $80 per barrel the refinery has to pay to buy oil.

"(Previous prices) were political and could not be sustained given the economic reality," said the source, who asked not to be named.

"The refinery had lost tens of millions of dollars over the course of three months of operations. That could not continue," the source added.

Chad produces some 115,000 barrels of oil per day and the launch of the 20,000 barrel-per-day refinery in June was hailed as making the central African crude oil exporter energy independent, with production due to be ramped up to 60,000 bpd.

The 588-million-euro refinery is 60-percent-owned by China National Petroleum Company, with state firm SHT holding the remaining stake.

"This is a decision that has not been thought through," said a teacher, who was filling up his motorbike but only gave his name as Djimasde.

"How can they raise the prices like that when the refinery is less than 50 km from here?" ($1 = 479.4 CFA Francs) (Reporting by Madjiasra Nako; Writing by David Lewis)

http://af.reuters.com/article/chadNews/idAFL5E7LJ2G420111019?rpc=401&feedType=RSS&feedName=chadNews&rpc=401&sp=true

LAGOS (AFP) – The US Export-Import Bank on Wednesday signed a deal with Nigeria aimed at providing $1.5 billion in financing for investments in the country’s woefully inadequate electricity sector, a statement said.

The deal comes as Nigeria seeks to solve its longstanding electricity shortages by privatising power production and distribution, with outages daily occurrences in Africa’s most populous nation and largest oil producer.

Privatisation will open up opportunities for foreign companies, though Nigeria’s deeply rooted corruption has often been a stumbling block to successful investment in the country in the past.

Fred Hochberg, the chairman of the bank who visited Nigeria this week, said in the statement that “$1.5 billion is just a start.” The bank is an independent government agency that provides export financing to US companies.

“We want to deploy this financing as quickly as possible to help meet President Goodluck Jonathan’s goals for growing the Nigerian economy by greatly expanding the availability of power in the country,” he said in the bank’s statement.

“The bank’s board of directors will certainly consider additional financing if needed.”

Nigeria intends to boost its power output ten-fold by 2020.

The bank said that Nigeria is one of nine countries it has identified as offering US companies the greatest opportunities for sales.

The other countries are South Africa, Turkey, India, Indonesia, Vietnam, Brazil, Mexico and Colombia, it said.

Nigeria is also a major supplier of US crude imports

http://www.vanguardngr.com/2011/10/us-nigeria-sign-1-5-billion-electricity-financing-deal/

If all the money looted by politicians over the last 30 years were recovered, he would be able to start the wealth fund with around $200 Billion Dollars.

The fact of the matter is many 'rainy days' are coming and $1 billion dollars will be of little use.

Investigate just the natural disasters that have occured in various countries over the last 2 years and see how much money is needed to deal with these unforseen challenges.

Unfortunately, GEJ is not his own man and is mislead into he decisions he makes.

Current and future generations are doomed - thats just the honest truth.

How much does Nigeria owe just from the bonds we have outstanding? Will $1 billion cover it?

Look at Greece - that what will happen to Nigeria within 5 years when our creditors demand their money back.

Then we can look forward to harsher austerity measures and the IMF moving in to advise on how to sell of any infrastructure we may have - plus dictating how oil revenues will be used to repay the debts that always come with interest.

Compare:

http://www.indexmundi.com/g/g.aspx?v=67&c=ni&l=en

Good start . . . . .

But I want people to compare naija with other oll producing nations only.

Then you will get the real picture of how we have been getting screwed for decades.

Look at the GDP (Per Person) for oil producing countries such as:

Saudi
Qatar
Libya
Algeria
Kuwait
Brunei
etc

You will then see that people within these countries earn a fortune when compared with the typical Nigerian.

On average you'll see their GDP per person is usually greater than $10,000 per annum compaed with around $1000 per annum for Naija.

In countries like Brunei, the avergage GDP per Person is in excess of $50,000 per annum!

So where you may think that the fuel pump prices for Naija are comparable or lower, the countries your comparing with have higher incomes per person.

In general countries that have oil are wealthy - Except in he case on Naija.

Even 'Angola' that has only recently started exporting oil in sizeable quantities have a higher GDP per person than Nigeria - what an embarrasment.

The Op is using minimum wage for comparisn which in my eyes is equivalent to the GDP Per Person.