₦airaland Forum

Drakkernoir:
I'm still trying to understand how the Germans in that period were soo technologically advanced.

What you are seeing is the result of centuries of invention and innovation since at least the Middle Ages....something which was fired by the fact that the climate of that region was harsh.

Biodun556:
The reason why poeple hate hitler is because he was defeated, if he had won ww2 we will all be celebrating him just like we are celebrating the Americans as if they are free of blemishes.

Success is sweet nobody likes failure. Hitler has alot good qualities.

If Hitler won, there would have been mass extermination not only of Jews, but of white Eastern Europeans

And Africa would have become a large plantation.

The Nazis viewed Africans as 'subhuman', to the point that in 1938 they sterilized allmost all half black children in Germany.

Good thing Hitler lost. Inasmuch as the allied powers UK and US were racist, Nazi Germany was far far worse.

Lastorator:
Indonesia had 12 kids in a cave the whole world stood still as nearby country deployed their all to the rescue, a kid fel into a well in spain, millions were expended to rescue the baby even when it was believed the kid wont survive.
We have close to a 100 pupils, who went to school to learn, to be able to be better and more enlightened citizens, and because of the lapses in the ranks of those to ensure the safty our buildings, they are under layers of rumbles from the colapse of the residential building that housed their school, all hands should be on deck, to ensure we safe as much as posdible. In developed climes, the military and choppers should be around to ensure quick response to the dire circumstance

Thailand, not Indonesia

franciskaine:
but we are borrowing to build rail networks across board?

Yes, we borrow because our breakeven price for oil is $140, while the actual oil price is $60

The breakeven price is the price of oil at which we earn enough to have a balanced budget.

IT is the price of being an oil dependent economy!

franciskaine:
the argument of making comparison of both the oil and telecom sector does not add up.

Nothing special about the telecom sector no gains made so far. It's common economics and has nothing to do special policies. Nigeria runs a market economy and it's normal to allow private investors establish businesses and make profit in the longrun. You don't gain whr u don't sow. Govt gave licenses to telecom investors like MTN and Co. Fact is that telecommunications or ICT is a magnetic wave that was going round the world. You av no option that to accept them coming in and maximazing national profit. Why dint the govt give MTN and Co capital b4 dey invested in Nigeria? They invested first and later profit came in.

This marketers don't want to invest but want the govt to increase the price so they can maximize profit at the detriment of the masses. They are only out to estort Nigerians in the guise that we don't have functional refineries. What does it really cost to build a modular refinery? Private investors in Nigeria can do dat, they just don't want to do it cos it will deny them the excess money they make through importation and subsidy.

1. The telecom investors had funds to invest BECAUSE they were allowed to make profits first. (and as an added bonus, the banks lent to them freely because the telecom investors sources of funding..customers...were steady...you cannot use a phone unless you recharge)

2.Petroleum marketers cannot invest in the down stream because subsidy prevents them from making a profit. Subsiy forces them to sell below the import and manufacturing cost of fuel...meaning they are running at a loss all the time. THAT is why we don't have new refienreis. Who wants to produce fuel in his refienry at 160 naira per liter...and sell it at N145 , LOSING N25 per liter at least? Would you do that?

3.You want a market economy for telecom, and at the same time you want a socialist economy for petroleum marketers...abeg, don't be self contradictory.

KidsNEXTdoor:
Where was God when it was collapsing?


God will console her

Dude...when a child is well brought up, and chooses to misbehave, we dont blame his parents, we blame the child.

God has specifically, in the bible , siad we should not sin. Yet, people every day in Nigeria sin.

The building that collapsed was built in violation of every law in this country...sin

People who were supposed to enforce the law did not do their job...sin(Someone even said that the enforcers can be bribed ...sin)

Finally, even if enforcement did their job...Nigerians will complain about how government is trying to bring down a honest man...sin

If God stepped in to save the children, it would be great, but it would be like God is excusing sin, and it would be like God does not want us to learn the bad effects of sin since he has decided to shield people from their sins.

So God allows this to happen so that people dont sin by obeying laid down rules and regulations, and as an added bonus, using their brains to make better building materials.

So stop blaming God.

Xisnin:
Imagine a person defending the police by saying:
This city would have been peaceful if not for the thugs.

We all know that thugs will be thugs, that is why we pay the police and other
security agencies.

You are muddling the water by absolving INEC and the president of responsibility.

Well, we can put police guards everywhere...but the people too have a role to play in crime prevention.

If communities get together and help the police in identifying thugs, etc...and if we have a well funded police that can have a database of said thugs...we can prevent crimes before they happen.

And let's be honest. INEC is not perfect...but compared to 2003 and 2007, they have improved. Now, they are, to some extent cancelling elections marred by violence.

The thing is, even if the elections are perfect...there will be complaints. Nigerians think the election is perfect IF THEIR PARTY wins.

franciskaine:
what is subsidy and why is there subsidy in the first place? What are we really subsidising?

I'm perturbed that learned Nigerians still buy this nonsense talk called subsidy. A govt that can borrow to build railways cannot borrow to build refineries? What is the limiting factor? Why can't they borrow and build refineries? If a refinery is let's say $5bn dollars, why can't the govt borrow or even take from our external reserve and build one refinery? After building, sell to a genuine private enterprise that can run and and maintain it effectively. Why this argument of always removing subsidy to build one. Even if their scam subsidy is removed and the price of fuel sold for #500, no refinery wil be built. They prefer taking our crude out and bringing back petrol to make more pecuniary gains.

It's nonsensical for a country that has a comparative and absolute advantage in a God given commodity to sell same commodity at an int'l market price to its citizens. Goods manufactured in America cannot be sold same price to you here. Variations in transport cost and taxes must have been added to it. Saying the price of fuel in Nigeria should be in tandem with global price is rubbish. Let dem build new refineries.

1.Government guaranteed the loans to build Dangote refinery, remember.?

2.We can't borrow to build new refienries. We've already borrowed so much due to oil falling below our breakeven of $140 per barrel.

3.If we borrow to build refineries, we have to still maintain them. Of course we cannot keep on borrowing...

4.Anyway...see my response to your other quote of my comment.

We don't have the money to pay for subsidies, and we already spend 70% of our budget on debt servicing. , and oil is still too low. Borrowing to build 4 new refineries would make matters worse.

franciskaine:
how you believe this capitalist hogwash still amuse me. Capitalism will always tell you dat deregulation will reduce price of commodities in the longrun, but it's all false.

Well, it is true...

EG...GSM

2003: mtn sim cost : N10000

TODAY : mtn sim cost : N1000 or less.

All because Obasanjo allowed MTN and them charge whatever price they wanted. And back then service was awful (It used to be diffiuclt to call Airtel line with MTN and vice versa...Airtel was known as Econet back then)

As a result , MTN, ECONET (NOW airtel), and GLO and later 9mobile...made huge profits, and invested it in new equipment to make prices come down...which attracted more investors, and as a result prices dropped (and we went from the Internet being available only in cafes in 2001 to being available at home today)

The reason why susbdiy must go is that it is preventing petroleum marketers from making a profit...which can be invested in things like refineries, infrastructure like pipelines, gas processing, etc.

Have you bothered to ask yourself why the govt that borrows to build roads, pay salaries will neva borrow to build refineries? What is the actual cost of a refinery and why can't they borrow to build and thereafter sell it off since the govt can't manage public utilities?

A new refinery costs $10billion...and that's intial budget...costs rise as time goes on.

Plus...Dangote refinery is mostly funded by loans...which were guaranteed by the past and present government.

A system where the elite only care about milking the system dry and providing nothing in return will neva develop. Even if subsidy is removed and the price is raised to #500 nothing meaningful will come out of it. Same thing we said about privatising and unbundling NEPA, what is our gain today? Any progress?

Intially when fuel subsidy is removed...the prices will go up, but then, like GSM, more investment will come in, more refienries would be built...but with private money..and prices would come down...and crucially, we would stop importing.

Plus new exploration for oil would be funded with private money (No more $400million government money on oil search up North).

As for power, when the DISCOS were set up, they were not allowed to set prices by the enabling law. (Electricity bill prcies are set by the government body NERC, not the DISCOS)

That means they are constantly running at a loss (and that is complicated by the debts both the government and the people owe them) meaning no money for improvements...meaning continued darkness.

As explained below..

The price of gas is a pass-through cost from the gas suppliers to the generators who in turn pass the cost to the distribution companies on a monthly basis. The distribution companies are, however, unable to pass this cost to end users for two reasons. The first being that due to the low state of generation, customers are not willing to pay higher tariffs which should ideally reflect any increase in gas prices. Secondly, whilst the generators by virtue of their respective Power Purchase Agreements with NBET, pass through gas costs on a monthly basis following purchase, the tariffs for distribution companies regulated by the National Electricity Regulatory Commission and as such cannot automatically pass on this cost to consumers. This creates a huge shortfall for the distribution companies which accrue interest and a resultant inability to meet their payment obligations to other stakeholders in the power value chain. The second factor affecting gas availability for power generation is the recurrent vandalisation of the gas pipelines. Any shortfall in the supply of gas will affect the amount of power that can be produced which will in turn affect the stability of the grid and may occasion grid collapses

Sauce

Let's be honest...and I am not defending any poltician

This election was bad...but then again, so were most of all the others, even the 2015 election that people are now saying was good.

And the simple reason is Nigerians.

Nigerians are ready to take bribe, ready to be paid to snatch ballot boxes, and ready to fight over poltical parties.

How about our National Assembly? They refused to approve electronic voting...twice.

The thing is, this election, for what is worth, there was no glossing over violence. But there is so much INEC can do. INEC did well...but so long as a group of armed people come with weapons, so long as people collect bribes...there is nothing anyone can do.

Pointguardusa:
Your moniker is weird.

It is a moniker that reflects part self deprecation and part one of my hobbies (English history).

Pointguardusa:
I just turned 17 and I'm in my 200 lvl. I made 285 in jamb but honestly I can't continue. I've been suicidal for over a year now.


Well, I appreciate man.

No problem.

Pointguardusa:
I ain't doing that.

I'm thinking of playing here in Nigeria and then Europe where after I have made a name, I'll declare for the draft .

1. Well, in about over 20-30 years of my (idly) following Nigerian Basketball...I know of only two players who got NBA contracts from the Nigerian league.

2.Europe...good if you can get into a country like Spain or Italy...that has good leagues. But again...you would be competing with their good players, plus with all the Americans that did not make it to the NBA draft from college...plus all those Americans that failed in the NBA.

Anyway...good luck.

But I think you need that degree. Sports is a fickle business. Many of us used to dream about being successful soccer players, until we realized that the odds were against us.

grandstar:
Your point number clearly indicate Bubu carried the largest blame. He had the opportunity to fully deregulate the price rather than chose to rest on his oars when the subsidy temporary disappeared. Kachikwu advised him to deregulate but he refused. He has only himself to blame

That's the truth...

The problem is, deregulation=increase in price, which is all the ordinary Nigerian would see...and which would lead to riots..which would lead to Bubu leaving power early.

And whoever takes over, would promptly bring back subsidy.

See what happened to GEJ in 2012...and what he did was partial removal of subsidy. All his fellow politicans in both PDP and APC took note

Pointguardusa:
I am a student of Nnamdi Azikiwe University from Abuja . I am currently studying law but it has been a drag that even goes as far as affecting my mental health. I hate doing it and my dream is to play basketball professionally but my parents have kinda stood in the way. My play was to take the SATs and play college basketball but that's looking like a far cry.

I keep believing every day that something will change but right now it feels like my life should just end.
I need a place where I can perfect my skills(like an academy of some sort) until I go professional. I'm tired of not doing what I love. Pls can you be of help to me?

1. Please continue with your law degree.

2.OK...YOU want to play in the NBA. Well...first off, you have to get into an NCAA Division 1 college....where the NBA drafts most of its members from. And the problem is, many of the guys who get into Div 1 colleges to play sport...already have a good rep from their American high schools.


3.Your chances of getting on the NBA draft are not that great...even IF you get into a Div 1 college to play basketball. Maybe one in twenty.

4.Plus...you might not get drafted. Remember...you are competing against the best of the best.

5.To be honest...if you wanted to play in the NBA

....GET INTO an American high school. Do very well...like win a regional or state tournament

....Be sure to have videos of how well you are doing.

....Make sure you get into a NCAA Div 1 college.

...Getting there means doing very very well on your SAT.

...dID i mention that getting into an American college means that you have, in addition to a high SAT, a good SSCE plus extracurricular activities (if you spent one month feeding poor kids...type of stuff)

...Make sure...once you are on your Div 1 NCAA team, that you are conssitently in the first team...which is going to take some time

...Even then...you have a long fight to get into the NBA.

Stay with law....and play basketball as a hobby abeg.


(I am not a expert...just reading, plus years of knowing people who went to American colleges from here).

Infact....midway through my medical studies, I had a chance to go to the USA....and I turned it down because it would have meant starting college again , plus struggling to get into medical school.

tj2018:
All these guys shouting ("next level ..... next level "we go see suffer" You guys should understand that 95% of the fuel used in this country if not more is imported. How much is the cost of petrol abroad. US for example is about 1.2 dollars (no import cost). Nigeria is not same we are in a bigger mess than we think, it is not about Buhari or even any other leader but a rotten system. Nigeria does not have a projected plan. when was the last time a refinery was built? A stitch in time saves nine. the problem now so huge.....and difficult to solve.

We cannot build refineries for the simple reason that subsides prevent anyone involved in the oil industry from making a sufficient profit to invest in refineries.

Even Dangote that is building a refinery...the current government and the past one helped him get loans...and he paid up the difference.

asuustrike1:
Dr Okonjo Iweala said similar thing instead many Nigerians castigated her but now the truth is staring at your face

I backed subsidy removal as far back as 2012.

The reason why Nigerians ARE opposed to fuel subsidy removal is the price increase.

I have explained subsidy removal plus its benefits elsewhere on this site. And every time, people tell me that it would only make Nigerians suffer more. Even when you point out how GSM was deregulated from the start...to the point that a SIM used to cost N10000, and that increased investments as a result led the price of sim to fall to N2000 and less....they will still tell you they will suffer.

Right now, if Buhari removes subsidy, all the names and insults GEJ got would be small, compared to what he would get. GEJ even tried...partial removal of subsidy...but Nigerians went on protest.

xtophy1:
If at all u dont have anything in dat gutter u call a skull, u can just keep shut.
Ask ursef, are we still in OBJ's era? Does two wrong make a right? Are we going to continue lik dis? Do u want ur life to be handled as INEC is handling dis election?

Guy, think abeg

Things have improved

Back in 2003...the same violence happened in Rivers State, for example...and not only was there no cancellation, there was widespread allocation of votes...to the point that news commentators on Radio Nigeria were querying the results.

Now, things are 'bad'...but the fact that INEC is cancelling and rescheduling results shows that there is some level of enforcement at last.

It can only get better...hopefully.

DMerciful:
I know we cannot sustain subsidy but why did you guys protest when it was removed in 2012? Oil was over a $100 so the government was bleeding with subsidy payments coupled with the corruption therein but because they hated GEJ, they couldn't see the wisdom in its removal but now the chicken is coming home to roost!

I can confidently tell you that while I was a PDP opponent in 2012...I was no subsidy removal opponent.

It was a sensible thing then...and it was a sensible thing now.

But we don't have to wait till oil reaches $100.

GSM was introduced into this country at a time when most Nigerians could not afford it. People paid high prices , but the money was invested in better equipment and prices came down

As for why many Nigerians protested...the reason is simple. People in 2012 only saw that price of fuel goes up from N65 to N140. Not any long term benefits.

Guruindahouse:
And followed by Sonekan's jump from 70kb to 5Naira. That's over 600% increase. These our leaders are heroes indeed.

1.Shonekan was operating under a deficit budget. He had to make cuts. Price increases in fuel was part of that.

iammo:
How much was the global price during these periods



Nigeria pays the lowest tax, lowest electricity tarrifs lowest rent, lowest petroleum price, lowest tuition and school fees all because of Nigerdelta" oyel " money yet we complain the most

Because if subsides go...there would be open revolt.

And the government would be removed and replaced with a new government that would reintroduce subsides.....

Honestly, we have to be realistic and see that oil money is not enough for everyone. It may even not be enough for the owners themselves under 'resource control'.

MrSly:
The OP correctly stated that if fuel subsidy is to be removed completely the price will be #165 per litre not #300. As it were subsidy has been removed, almost.

I won't be surprised...

BUT...

1. Removing subsidy means that the price of fuel may vary across the country due to something called transport costs. (transporting fuel from port or refinery to another part of the country).

2.Hopefully, new investment may lead to more refineries, and something called pipelines and improved rail infrastructure...which could help cut transport costs.

DMerciful:
See how you justifying incompetence!

The cold reality is that we cannot sustain fuel subsidy.

And that is true under this admin. Oil has been between $30-80 since 2015. Meanwhile, Fitch says we need oil at $140 per barrel.

Meaning...there isn't enough money for subsidy.

So, either subsidy goes....and investment flows in....or we keep on taking loans.

Let's face the cold reality

islandmoon:
Buhari lied to us that there was nothing like subsidy..lol , the same Mr integrity shot the proce from N87 to N145

OK...for further info

1.So long as government sets prices....there is a subsidy

2.By 2016, oil was at $30 per barrel and dropping. Meanwhile, import cost of one liter of fuel was at N132. And we were selling it at N87...plus thanks to Nigerians and APC forcing GEJ's hand in 2012...we had left over debts in subsidy claims.

Buhari, on advice from Emefiele and Kalichukwu, removed subsidy by raising the price to N145...

3.That is how things stood until in 2017 when import cost went up to N150 PER LITER....forcing the reintroduction of subsidy, as well as in the meantime government making NNPC the importer of fuel for the whole country.

4.If you want to blame Bubu, blame him and the APC and most of your countrymen for preventing GEJ from increasing fuel from N65 to N140 IN 2012...WHICH would have prevented many problems, and made things better.till at least 2018.

Originalsly:
They should stop subsidizing....but it will be like impossible....the oil barons will never allow anyone to stop the flow of subsidies into their pockets. They are the beneficiaries of the subsidies.

Not just the oil barons

Infact, they stand to benefit from subsidy removal...jsut that they cannot see it.

Prices would shoot up to N300 per liter...which would anger the masses....

The fact that deregulation eventually brings the benefit of increased jobs and investment and even profit for everyone is something that both the masses and the Big men cannot see.

GeneralShepherd:
So Buhari made the largest single jump and we still spend money on subsidy.

Next Level oshe!

Here are the reasons why

1.The number of vehicular traffic has increased

2.Power supply has gotten worse...due to a host of factors (main one being that the laws governing DISCO setting up prevent them from raising prices of power which leaves them chronically underfunded...and which means no funds for power improvement)

3.Due to decades of subsidy, there has been no investment in things like pipelines, refineries, etc...because SUBSIDY forces oil companies to sell at a loss

4.Oil prices crashed in 2014...making it difficult to fund subsidy.Infact, this is the main reason why

Hmmm

The truth of the matter is that if Buhari wants to create jobs, and improve the economy, he has to remove subsidy completely.

Yes, we will pay N300 for fuel, and we would have to walk to work most of the time.

Yes, lots of people will suffer, and yes, transporters will increase prices, food prices will go up.

BUT

1.There would be increased investment in things like refineries, gas processing , PIPELINES....which means more JOBS.

2.There will be an end to SUBSIDY SCAMS permanently.

3.EVENTUALLY....PRICES WILL COME CRASHING DOWN

4.More importantly....GOVERNMENT SAVES MORE MONEY

5.And Nigeria keeps on prospering.

We cannot afford subsidy anymore. I'm sorry, but with oil at $60 when we need it at $140 per barrel....it is sensible we remove subsidy.


P.S...Anyone who quotes me to insult me will be reported to the mods. Thank you.

goodnessme1:
the old pretender still pretending,when will you be proud of you tribe.


What names did i call you?

You know what you did...so no use pretending you don't know.

Good afternoon. I have said enough to thee. Grow up.

goodnessme1:
because he is your brother.

I'm not form Edo state, nor am i yoruba or Igbo

And what benefit have you given yourself by calling me names, eh?

You better grow up. Nowadays, tribalism is becoming outdated. If you want to remain in the primitive state, continue in it.

Say NO to tribalism

Say NO to tribalism

Mymehn:
Do you all know d most painful thing here.... We have failed to look beyond tribalism, nepotism, religious parochialism and chauvinistic ideologies. I see a youth supporting d same old bad eggs and you want your life to change for better. Singapore spent $16billion on new scientific exploration, innovation and technological driven investments, In this 20th Century, i see youths celebrating roads and fly over in Nigeria. What is the meaning of this nonsense.
We should learn to look beyond political party affiliations and try to probe an aspirant vying for political positions with respect to their ideologies, their past, their vision, and how they want to achieve it. Atiku, Buhari, Tinubu, Okorocha, FFK, Saraki, Jonathan, Obj, and all these good for nothing politicians have absolutely nothing to offer to make this Country great. PDP have been there for 16years, what have been their achievements vis a vis South Africa, Malaysia, Singapore, Rwanda, Ghana... Tell me? Even APC has nothing to offer even if they're to be given the chance to rule this nation for 100years. This same youths are clamouring for a thief... Atiku to be the President, the future I see is bleak if the youth who are supposed to be an advocate of emancipation is moving 50 steps backwards. Remember, YOU ARE ON YOUR OWN. Good Morning FAM

In Singapore...they pay heavy taxes, and also pay their power bills as well.

In Nigeria, we want everything for free. We want money for our vote, we don't want to vote for ideas people.

And when one wants things for free....how would things work.?

Jomandi13:
Your information is a complete falasy.

Okay...good am to you too.