₦airaland Forum

yeswecan:
Let me test your argument -   No need for trade union or minimum wage from the government because if people are willing to take 2k a month - which i am sure folks in Nigeria will be ready to take - then lets go for it. . .

No need for performance related pay - a company that earn billions can use its staff as long as there is an agreement - That's the absurdity of your position

The company has an obligation to its shareholders to maximise profits - even if it means exploiting people.

That's Capitalism.

Dolemite:
You are a walking contadiction, you talk of a holy god yet you speak of fornication, use profanity and dare call me ignorant? I'm done with you. . .

Again - thank you ma,

(I dont know where fornication came into this - f.cuking is f.cuking - Its natural even in the animal kingdom)

(I dont think its 'Taboo' in any of the 'Holy Books')

And as for the vocabulary - I dont know what you call it, but I call it - F.cuking)

(Now, go your way)

[quote author=~Bluetooth link=topic=668538.msg8340956#msg8340956 date=1305665863]Why are you stressing yourself arguing with an atheist ? She prolly believe we exist and die for fun ![/quote]We have a duty to alleviate the ignorant from their condition.

However as you have pointed out - in some cases it is pointless.

yeswecan:
Actually there is a need to demonize Coca-cola on this one  - what has government pay got to do with this? The rightful way of bringing in the government would be for not holding MNC in check.

Yeah and it needs control - if you leave the system uncurbed in extort from everything

There were numerous stories last year where Chinese workers started committing suicide at factories in China that were exploiting them. Mainly 'Western Conglomerates'.

They got noticed.

The companies in question immediately raised 'wages' to stop the negative publicity and address the workers concerns.

Unfortunately we 'Africans' love life and poverty too much.

Hence the exploitation will continue.

I'm not advocating suicide - I'm just pointing out that where there is a will - there is a way.

Dolemite:
Hallelujah!! spoken like a true son of god. . . 

Thank you ma,

I was created by the Lord Almighty.

(Pity some ignorant f.cukers dont understand some basic principles to life)

Remain ignorant my dear.

Dolemite:
Ok bedroom pastor. . .see you in hell. . . 

Yeah - If I end up in hell I'll look you up.

(Better pack the condoms now - Just in case -  )

Dolemite:
Just being sarcastic you hypocrite, you Christians are all the same.

OK

(Now go your way - Devil)

Dolemite:
Should I still give you my number so you can 'preach' to me in your bedroom? 

No thanks - You've scared me off - 

(Devil)

That's Capitalism for you.

Dolemite:
Without evil there would be no need for good, the devil is a necessity to sell religion. . .fear the devil, run to super chicken for help.

This is serious.

Serious ignorance.

I sense 'Religion' has messed you up like it has a lot of people.

But on a serious note -  please accept you didn't create yourself.

There is a creator.

I suggest you look into this further.

Dolemite:
I have NO idea, but what if I told you that i have FAITH that a super chicken that lives on the sun created the whole of mankind. It was revealed to me in a dream. . .

Dangerous. . . . . .Dangerous. . . . . . . Dangerous.

I guess you tell people there is no such thing as the 'Devil' also?

Dolemite:
I seriously doubt that. . .

Just saw your pic - you look as dangerous as me - Chai -  

Whats your number?

I think I need to preach to you in my bedroom.

After one night with me you'll know about the 'Almighty' -

mystikal:
Make the world wait make English  Premiership finish first. And CL final

Correct ohh,

https://www.independent.co.uk/multimedia/archive/00178/Pg-60-messi-getty_178181s.jpg

Yahoo Girls -  

Bring it on . . . . . .

I will be on my 'guards' when the emails start arriving.

My respect for this woman continues to decay exponentially

Does this woman not have any kids or grandchildren to attend too?

What a political animal she's proving to be.

The taste of 'Power' has left her a 'Political Addict'.

She needs to go 'chill' for a bit.




My Respect for 'Dora'
https://razd.evcforum.net/Pictures/carbon14decaycurve.jpg
            Time (In Weeks)

Sanusi is a civil servant and must do what his masters say.

Dont blame Sanusi - I'm sure these are not his plans but those of the people that control the CBN.

Private bankers own the 'Central Bank of Nigeria' - Not the Nigerian Govt.

All they are doing is investing in assets of the back of Nigerians.

Most people struggle to grasp that fact.

The thread is 2 minutes old and you tribalist have already jumped in.

Chai

God help Naija.

Gangster B.itches - you live by the sword you will die by the sword.

The 'Excel' program accounted for what you see in the video's and adjusted the final figures accordingly -

Robotnik:
What's up with these thugs killing Nigerians, just because of a toy called Blackberry.


http://www.thesun.co.uk/sol/homepage/news/3579894/Stab-teen-Temidayo-Ogunneye-killed-for-his-phone.html

This had nothing with the youth being 'Nigerian'.

The boy was robbed for his blackberry - and not for being Nigerian.

Unfortunately for him it would appear he underestimated the robbers and decided to return with a 'weak crew'.

The final outcome was that he was robbed again - this time of his life.

Silly boy,

The 'Game' changes daily.

Think GEJ and Co need base their strategies on those of the opponents. The West/China are making some cunning moves.

Nigeria imports petrol and so if the price of petroleum increases then so will inflation unless domestic fuel subsidies also increase.

At the same time in recent weeks the price of Crude Oil has fallen. This has been attributed to oil speculators.

And I think Obama's announcement will take effect in the market next week. The possible outcome will be another fall in Crude Oil prices which will not be beneficial to Nigeria.

There's alot going on in the Energy/Commodities market right now.

Obama plans to increase domestic oil production

  Washington, May 14:  The US President, Mr Barack Obama, has announced plans to expand domestic oil production and speed up the evaluation of oil and gas resources in the country as part of his long-term plan to reduce US’ reliance on foreign oil.

In his weekly address to the nation, Mr Obama said he has directed the Department of the Interior to conduct annual lease sales in Alaska’s National Petroleum Reserve, one of the potential areas for oil.

He asked the authorities to give companies more time to meet higher safety standards for exploration and drilling. The administration is extending drilling leases in areas of the Gulf of Mexico that were impacted by the temporary moratorium, as well as certain leases off the coast of Alaska.

Mr Obama said he is establishing a new inter-agency working group to ensure that Arctic development projects meet health, safety and environmental standards.

In the past few months, rising gas prices have put an added strain on American families.

“Without a doubt, one of the biggest burdens over the last few months has been the price of gasoline. In many places, gas is now more than $4 a gallon, meaning that you could be paying more than $60 to fill up your tank,” the President said.

“These spikes in gas prices are often temporary, and while there are no quick fixes to the problem, there are a few steps we should take that make good sense,” he said.

“We should increase safe and responsible oil production here at home. Last year, America’s oil production reached its highest level since 2003,” he said, adding he believes that the US should expand oil production in America — even as we increase safety and environmental standards.

“The third step we should take is to eliminate the tax payer subsidies we give to oil and gas companies. In the last few months, the biggest oil companies made about $4 billion in profits each week. And yet, they get $4 billion in taxpayer subsidies each year.

“This isn’t fair, it makes no sense. Before I was President, the CEOs of these companies even admitted that the tax subsidies made no sense.

Well, next week, there is a vote in Congress to end these oil company giveaways once and for all. And I hope Democrats and Republicans come together and get this done,” Mr Obama said.


http://www.thehindubusinessline.com/industry-and-economy/economy/article2018857.ece

China and Russia impose export restrictions on petrol

By Javier Blas in London

Published: May 10 2011 18:33 | Last updated: May 10 2011 18:33

China and Russia have introduced export restrictions on petrol as local prices surge and consumers protest, a sign that emerging countries are spreading the use of beggar-thy-neighbour policies from food commodities to energy.

The measures, announced over the past few days, come as inflation becomes a problem in emerging countries, forcing central banks to tighten monetary policy to cool their economies.


Moscow has raised a petrol export duty by a hefty 44 per cent this month, in what amounts to the imposition of a prohibitive tax on overseas sales. The measure will tighten fuel supplies in the Baltic and central Asia.

Vladimir Putin, prime minister, has criticised Russia’s oil groups, accusing them of rationing supplies to keep prices high. “There is no deficit. This is not an issue of a deficit. The issue is collusion,” he said. “[The oil groups] have agreed among themselves to put just a small quantity on the market.”

At the same time, Beijing has put strong pressure on its state-owned companies to halt overseas sales of petrol. Sinopec, Asia’s largest refiner by capacity, has announced that it will not export more than small amounts in May to Hong Kong and Macao.

“Though exporting oil products makes good profits, we have suspended exports,” the company said.

China and Russia have used export restrictions in the past as an an anti-inflation tool in the agricultural sector. Moscow restricted grain sales in 2008 during the global food crisis through the use of export duties and quotas and imposed a total export ban in August 2010 after a drought destroyed its crop. The export ban remains in place.

Beijing imposed an export ban on rice in 2008 after the cost of it surged to an all-time high on the international market.

Commodity analysts and traders blame the export restrictions for exacerbating the 2007-08 food crisis that triggered panic buying among importers.

Moreover, analysts and traders said that the export restrictions in China and Russia would depress local fuel prices, stopping price signals from helping to slow demand growth and deterring refiners from investing in new capacity.


http://www.ft.com/cms/s/0/7eac6bb0-7b29-11e0-9b06-00144feabdc0.html#axzz1MRFVdr00

Nigeria’ll stop oil imports in 2014, says Aganga

IN three years, Nigeria will stop importing petroleum products, Finance Minister Olusegun Aganga said yesterday.

Also to stop is the importation of rice and some other commodities. The measures are to grow the economy, according to the Minister, who spoke in Lagos during an interactive session with The Organised Private Sector, hosted by the Debt Management Office.

He disclosed that the government had saved N12 billion from Ministries, Departments and Agencies (MDAs), as it renews interest in fiscal discipline in public finances.

The government is discussing with three investors, who are billed  to set up refineries in the country.

Nigeria, which is the world’s seventh largest producer of crude oil,  and  in spite of the fact that she has four oil refineries, imports  about 70 per cent of  its refined petroleum products. The refineries, which have the capacity to process 445,000 barrels of crude a day,  are running at about 30 percent of installed capacity. All four refineries are undergoing routine maintenance.

About N700billion is spent on petroleum subsidy annually.

Aganga said Nigeria would save a lot of money, if it produces petroleum products locally.

“We want make sure that in the next three years, all these areas that we are wasting our foreign reserves on will be stopped. Rice is another area that government is working to stop importation. Government is committed to providing the right environment for these industries to thrive,” he said.

In his view, the government will save a lot by using gas to produce fertiliser and cultivating over 58 million hectares to produce enough food for export and the local population.

“It is time for all of us to take advantage of all these things we have in the country, even as government’s Import Substitution Programme is going to address these issues,” Aganga said.

He promised that the government would provide incentives and waivers, where they become necessary, to ensure that the target is achieved.

According to Aganga, the government has no reason to continue the importation of fertiliser, rice, palm oil and petrol. He said talks were on with companies that want to set up fertiliser plants in the country.

“This government is determined that in three to four years time, we would have replaced these products. We have identified all the products and will create the environment that is conducive for them to thrive and make sure that we become exporters in these areas,” he said.

Aganga said a new payroll system introduced by the government saved  N12billion after the accounts of 16 MDAs were examined.

“We introduced IPS into our payroll system, where we have a bio-data of everybody in 16 MDAs and that has saved us $12 billion. We are now extending it to all the other MDAs. That tells you there is hope for significant savings in that area. That is part of the fiscal discipline approach, we are adopting,” he said.

The minister said the government has set up a committee looking at uncompleted projects to ensure that due process is followed and contracts completed.

“For the first time, we have a programme manager who will work with all the MDAs, from where they are doing procurement to where they are doing designs, implementation. They follow that process and report back to the Budget Office. Procurement, monitoring and evaluation are followed strictly by these bodies,” he said.

Aganga also said the government was designing a platform that will make it easier for each constituency to know the roads or any developmental projects that are being awarded, and when such projects will be completed. This  he said, will make the people hold government accountable and create transparency in the execution of contracts.

He said that training of government personnel abroad will henceforth be scrutinised and tied to productivity. 

He said that there is nothing wrong with the establishment of the  Sovereign Wealth Fund (SWF) provided that the funds in the Excess Crude Account (ECA) are used prudently by benefiting governments and parastatals.

The Minister also disclosed that government has received 331 proposals, in terms of expression of interest in power projects. The Bureau of Public Enterprises (BPE) and their advisers, he said,  are working to get the best investors for the power projects.

Aganga said the government has identified 65 projects needed to transform the economy. “Modern rail system is being proposed. We have also identified, which of them will be funded through Public Private Partnership and that’s why government has set out N15 billion tagged viability gap funding in the budget to help support companies that will be carrying out these projects, especially the unprofitable ones,” he said.

Government  he said, needs to bring down domestic debt, which is usually tied to recurrent expenditure while foreign debts are used in developmental projects.

DMO Director-general Dr. Abraham Nwankwo said the government was partnering with the private sector to ensure that government’s plan to bring Nigeria into the top 20 economies in the year 2020 is achieved.

http://www.thenigeriandaily.com/2011/03/29/nigeria%E2%80%99ll-stop-oil-imports-in-2014-says-aganga/

In what can be described as a clinical post-mortem of the recent post election violence that swept through the states in the north, foremost economic analyst and managing director, Financial Derivatives Nigeria Limited, Mr. Bismark Rewane said the high poverty level in the north as well as growing economic inequality should be blamed for the recurring sin assembly of violence.

So the violence in the North had nothing to do with the elections (CPC Supporters) but was the result of their low productivity / GDP? The guys talking trash.

He advised the government to urgently fight the twin-problem of poverty and inequality that has the potential to make the northern part of the country a hotbed of violence

Is that a threat? So now the North must recieve special treatment because of their madness?

Underpinning the urgency of the situation, Rewane called on the president to swing into action by initiating programmes to tackle the problem in a holistic manner.

Programme no 1 - The removal of 'Sharia' from Northern States. The region will never be able to progress under SHARIA.

Quoting a March 2011 UNESCO report, Rewane noted that northern Nigerian women rank lowest in literacy levels in the world. To address these lapses, he stressed the need for President Jonathan to raise a team to increase national productivity and manage resources efficiently.

Economy affairs commentators have at various other forums canvassed the need to urgently tackle the problem of street urchins, called almajiris in the northern part of the country

I think it would be more productive for a team (EFCC) to probe former northern politically leaders including the likes of IBB, Abacha. The funds they stole should be seized and reinvested equally between the north and south -  

The figures seem plausible but it may be an attempt to divert funds to the northern region.

GDP is linked to goods production and its fair to say the North dont produce much. But who's fault is that?

I dont believe they should recieve any preferential treatment from this administration.

When their leaders were embezzling funds instead of investing in the North I didn't hear anybody from the North complaining. Yet now they want to highlight their plight.

They should take up the issue with their former leaders - Not GEJ.