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| The Following User Says Thank You to Oracle For This Useful Post: | ||
eniyanman (7th January 2012) | ||
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Let's go down the memory lane..
A piece of advice few years back by a Venezuelan envoy.. Manage your oil wealth well, Venezuela urges Nigeria
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The cheapest stock in an overvalued market may still be overvalued |
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| The Following 2 Users Say Thank You to Salida For This Useful Post: | ||
bamidele97 (7th January 2012), Picolena66 (7th January 2012) | ||
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Ok,let's do a backward calculation. Assume you use I-pass-my-neighbour gen. It uses 4 litres of petrol. On the average it can be on for 8 hours. Assume petrol cost N65 per litre. So for 8-hr use, I will pay N260[i.e,N65* 4] for petrol. For 24-hr use, I'll need to pay N780. Let's find,how many 24-hr(or 1-day) period we have in 10 year. 10 years= 10* 365.25 days=3652.5. Therefore the cost of burning petrol in a 4-litre capacity gen for 10 years will be: 3652.5 * N780= N2,848,950. Kindly note that my friend bought a stepdown transformer(11KV to 220V) for N700,000. Just a quarter of the amount you send on using a gen for 10 years. People may wonder why you need to pay high PHCN bills of N5,000 to N10,000 per month when the light may just be 18hrs per day. A short analysis for some lay members(KOD,I'm not referring to you here. Just using the same post). Imagine using the same 4-litre gen & running for 24 hrs. You end up paying N780 for the consumption. In 31 days of use, you pay: N780 * 31= N24,180. And this cost excludes many electrical loads. So connecting to the grid is good,cheaper & noiseless(no more gen noise at your window) When next you see a bill of N5,000 to N15,000 for 18 hr consumption,pay promptly! If possible give the officer N200 as allowance! Based on this cost of using gen,imagine using the same gen at the same rate when fuel is at N141. You will be paying double the cost of running gen explained above. And what will happen if a private investor gives me constant electricity for 24 hrs & beyond & charge me N18,000 per month for my consumption. I'll gladly pay!
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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The area boys wey wan collect money no need light? The police man wife wan dey sell ice block & before you know the police man will come and thank me for making his wife not ask him for money. The truth is that the govt or any investor(in laision with the govt or vice versa) will need to connect the masses to the national grid for constant electrification. In that way there will be no thoughts of that.
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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![]() ![]() Na the same way wey Yar' & GEJ take employ more than 15,000 militant put them on national payroll,na im you wan follow. Now wey be say some groups(Boko haram) now want employment(front & back door employment),wetin be the next step?! ![]()
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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our shortsighted leaders would have thought the Ambassador was blabbering when he said this. Imagine, the cost of PMS was never reviewed up for more than a decade in Venezuela!
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In love as in life, there is always hope that things will work out in the end, but in the stock market, hope can destroy your portfolio. |
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We will tap power from you and still come to meet you to pay deve! You no get choice! Everyone will constantly be on your payroll. Na so e be. |
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To help you, look at the population of Venezuela and compare it with Nigeria. Compare also the production of Venezuela with that of Nigeria. When you finish, also find out which country their president went to for treatment when he was ill. Feedback your discovery to the house. |
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![]() If the protest is against high emoluments of public officers I am in support. If the protest is against corruption I am in support. If the protest is about constitutional reforms I am in support. If we are asking that 36 states be collapsed to 6 I am in support. If we are asking that size of government be reduced I am in support. if we are protesting about the security situation I am in support However, if the protest is about removal of subsidy, count me out because it makes no sense! |
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![]() There is something that brings things to a head and maybe Subsidy removal is that thing. And why exactly is Dele Momodu not qualified to partake in or to lead a protest? What qualifications or antecedents exactly are needed to sympathize with the people you know will suffer under a government's ill planned and timed policy? ![]() ![]() I really can't understand why protesting about removal of subsidy makes no sense. The fact that you have people already protesting in the streets before the career rabble rousers (NLC, TUC e.t.c) step in should be enough warning that this is a potential keg of gunpowder. I believe most people understand the economic reasoning behind a pro-subsidy removal stance its the impact on the masses that has caused the outcry. With or without subsidy, the fat cats will still be fed. It is who pays for their feeding that is being shifted from Government to the people, I challenge SLS to convince any sane person otherwise. Last edited by duduspace; 7th January 2012 at 12:12 PM. |
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![]() ![]() It takes more intellect to tap a 11/33KV line and domesticate it than it takes to blow up a pipeline or kidnap people...I stand to be corrected anyway...Even at that, the amnesty programme did solve the problem. It doesn't mean they gave it the best solution anyway. I believe training those guys and giving them the required infrastructure to be self dependent is better than handling them a free pay check. I can't remember saying I would hand them a free pay check....I would just tap into the guy's ingenuity by employing him and giving him the requisite training to function in d role which he suits best....Is that not strategy undercover agencies use? if the guy is a hard guy, bring him on board...weaken your enemy (the art of war)
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads |
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The protest is about subsidy removal nothing more. If the subsidy is re introduced now everything returns back to status quo! That tells you all you need to know.
Well, with a friend like Dele Momodu you dont need an enemy! Will not say more than that. Google Godwin Daboh and read about him. That will make you to understand such people. Removal of subsidy is the RIGHT thing to do that is why protesting against it make no sense. Protest against every other thing not against something that is RIGHT. That it is unpopular does not make it wrong. Yes the impact should be ameliorated. Yes cushion should be provided for those in the lower rung of the society BUT subsidy should still be removed. For those who really care about the poor, when next you are driving that your car, carry other people in the car. Offer them lift. Pool car with those going in the same direction with you. Enough of cars with only one occupant! Let the concern go beyond the internet. Quote:
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Owen Hagreaves, Ruud van Nisteroy e.t.c travelled to US for treatment and that doesn't mean UK health sector is in doldrum. Is there no positive effect of large population to the economy? Why do we have to import refined oil in the first place? Somebody from another country spoke more than 2 years ago about impending doom concerning your oil sector when even your government thought the going was good. For 2 years no appreciable attempt at build a new refinery and so on. Failure is one thing, but having excuse for your failure and backwardness in the comity of nations makes success.........
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In love as in life, there is always hope that things will work out in the end, but in the stock market, hope can destroy your portfolio. |
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My Oga,can you tell this honourable house how those at the lower rung of the society can be reach considering the available structures, processes & resources we have at hand? NOI said similar thing about reaching the poor. Please tell us how. I want to learn from you.
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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You be real waffi!
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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Buy your groceries by day and stocks by night - faith |
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vanguardngr.com/2012/01/subsidy-removal-expect-to-pay-more-telecoms-operators-tell-subscribers/
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progressively steering your portfolios through times |
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progressively steering your portfolios through times |
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If only those in Power would Listen, Learn and then Go Forth and Develop
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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![]() ![]() I've seen some private cars pick up passengers for a fee as well...the number of people who do this has increased since the fuel subsidy palaver...I'll like to see cars with 3 or 4 people in it....not one person... ![]() ![]() doing that will reduce the number of public buses on the road to start with assuming those who have cars choose not to pool their cars with other car owners....If they decide to pool their cars, the number of cars on Nigerian roads will be slashed by more than half in the long run...that's a decent way to reduce traffic and conserve fuel...a win-win for all....
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads |
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