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  #241 (permalink)  
Old 2nd August 2012, 08:52 PM
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Default Re: Okomu Oil

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Originally Posted by hispy99 View Post
Good luck
Thanks.
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  #242 (permalink)  
Old 2nd August 2012, 10:43 PM
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Default Re: Okomu Oil

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Originally Posted by dr.abrahamb View Post
All your points are noted sir. Just wish me luck.
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Good luck
I will not wish you Goodluck but best of luck including my goodself. We all know what Goodluck has done to Nigeria.
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  #243 (permalink)  
Old 31st August 2012, 04:44 PM
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Default Re: Okomu Oil

AGRICULTURE ALERT: Concerns over Review of Crude Palm Oil Import Tariff - Proshare
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  #244 (permalink)  
Old 4th September 2012, 01:28 AM
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Default Re: Okomu Oil

Vegetable/Palm Oil Producers – Govt’s Position - Proshare

I'd really love to see them pay bumper dividends after this tariff has been removed. Theses businesses and their shareholders deserve to lose their cash, the world of business is unforgiving and these guys are just about to learn that the hard way.
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  #245 (permalink)  
Old 4th September 2012, 03:18 AM
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Default Re: Okomu Oil

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Originally Posted by nosa2 View Post
Vegetable/Palm Oil Producers – Govt’s Position - Proshare

I'd really love to see them pay bumper dividends after this tariff has been removed. Theses businesses and their shareholders deserve to lose their cash, the world of business is unforgiving and these guys are just about to learn that the hard way.
And the government will lose in taxes, employees will be laid off etc.

Every government protects its economy through subsidies, tariffs etc. Dividend payment has little or nothing to do with it.
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  #246 (permalink)  
Old 4th September 2012, 05:16 AM
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Default Re: Okomu Oil

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And the government will lose in taxes, employees will be laid off etc.

Every government protects its economy through subsidies, tariffs etc. Dividend payment has little or nothing to do with it.
Do you think its just a coincidence that the year the declare bumper dividends is also the year that MAN is calling for reduction in tariffs? Tariffs are placed to encourage/protect local producers at their infancy and start ups and companies in need of protection don't usually pay out bumper dividends.

Anyway lets all watch them shrink and hopefully they won't go the way of Dunlop.

P.s the defence of jobs and taxes doesn't fly simply because where would you stop? Do you place tariffs on all imports? Why not place a tariff on fuel? After all that seems to be a logical step abi isn't indomie eaten by the down trodden or don't poor people use soap? Those holding okomu long term I wish you good luck, me and my household would keep looking abroad for sound long term investments Nigerian companies are just too short sighted for me
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  #247 (permalink)  
Old 4th September 2012, 09:14 AM
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Default Re: Okomu Oil

What is the agricultural policy of our government. What type of finance do we give our farmers. Our products will always find it difficult to do well in the international market price wise, until we address the problems in our business environment. When this is addressed then can increase the tariff, the government is more concerns about economic benefits at the expense of social benefits. The social benefits must be in place before the government can derived more economic benefits.
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  #248 (permalink)  
Old 4th September 2012, 01:55 PM
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Default Re: Okomu Oil

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Originally Posted by emmanuel ewumi View Post
What is the agricultural policy of our government. What type of finance do we give our farmers. Our products will always find it difficult to do well in the international market price wise, until we address the problems in our business environment. When this is addressed then can increase the tariff, the government is more concerns about economic benefits at the expense of social benefits. The social benefits must be in place before the government can derived more economic benefits.
Ah! The ever ready scapegoat, government, well lets keep playing the blame game while shareholders slowly get wiped out.

These guys had an opportunity and they refused to seize it, now they're lobbying for their life. Same thing happened in type industry and in that instance there were 2 companies affected Michelene and Dunlop, one reacted early the other did not, one was run by foreigners one was not, can you fill in the blanks? Or do we need govt to do that as well
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  #249 (permalink)  
Old 6th September 2012, 11:03 AM
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Default Re: Okomu Oil

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Originally Posted by nosa2 View Post
Ah! The ever ready scapegoat, government, well lets keep playing the blame game while shareholders slowly get wiped out.

These guys had an opportunity and they refused to seize it, now they're lobbying for their life. Same thing happened in type industry and in that instance there were 2 companies affected Michelene and Dunlop, one reacted early the other did not, one was run by foreigners one was not, can you fill in the blanks? Or do we need govt to do that as well
Government will always be the scapegoat, until they are sincere on how we can create the enabling environment for business to thrive.
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  #250 (permalink)  
Old 6th September 2012, 12:54 PM
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Default Re: Okomu Oil

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Government will always be the scapegoat, until they are sincere on how we can create the enabling environment for business to thrive.
The Govt is actually trying really hard to create the enabling environment. It is Nigerians that are just killing every move...
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  #251 (permalink)  
Old 6th September 2012, 01:04 PM
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Default Re: Okomu Oil

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Originally Posted by knightofdelta View Post
The Govt is actually trying really hard to create the enabling environment. It is Nigerians that are just killing every move...




May be they are not trying hard enough. The people in government are also Nigerians. We need to change our value system, our attitude to work etc. Government should build the infrastructures that will aid businesses, the right people should be in charge of our ministries and parastatals, small and medium scale enterprises should be encouraged, there should be access to affordable finance for businesses, our leaders should be also strategic.
There is no government in the world that does not protect local businesses, to an extent.
I am of the opinion that agriculture should be protected, supported and encouraged in order to thrive in Nigeria. If properly harnessed that should be the next money spinner for the country.
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  #252 (permalink)  
Old 6th September 2012, 01:26 PM
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Default Re: Okomu Oil

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Originally Posted by emmanuel ewumi View Post
[/B]


May be they are not trying hard enough. The people in government are also Nigerians. We need to change our value system, our attitude to work etc. Government should build the infrastructures that will aid businesses, the right people should be in charge of our ministries and parastatals, small and medium scale enterprises should be encouraged, there should be access to affordable finance for businesses, our leaders should be also strategic.
There is no government in the world that does not protect local businesses, to an extent.
I am of the opinion that agriculture should be protected, supported and encouraged in order to thrive in Nigeria. If properly harnessed that should be the next money spinner for the country.
It is not the Govt prerogative to change the attitude of Nigerians to work. I agree with everything else except the idea of Govt building infrastructure. Govt should hands off infrastructure because they simply don't have the capacity to do it. The development of infrastructure is fraught with too much fraud despite the fact that we don't even have the money to do it. How many billions have been lost all in the name of repairing a road, building railway lines, ramping up capacity in the power sector, etc?

I am of the opinion that the Government should restrict itself to running security, developing policies, regulating industries, making laws, run a maximum of 10 specialist hospitals and a maximum of 10 tertiary institutions across the country.

Let the private sector run the rest.
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  #253 (permalink)  
Old 6th September 2012, 01:36 PM
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Default Re: Okomu Oil

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Originally Posted by knightofdelta View Post
It is not the Govt prerogative to change the attitude of Nigerians to work. I agree with everything else except the idea of Govt building infrastructure. Govt should hands off infrastructure because they simply don't have the capacity to do it. The development of infrastructure is fraught with too much fraud despite the fact that we don't even have the money to do it. How many billions have been lost all in the name of repairing a road, building railway lines, ramping up capacity in the power sector, etc?

I am of the opinion that the Government should restrict itself to running security, developing policies, regulating industries, making laws, run a maximum of 10 specialist hospitals and a maximum of 10 tertiary institutions across the country.

Let the private sector run the rest.
I think they need to build in order to jump start industrialization, manufacturing, and businesses. After that we can have some that will be built by government, and some that will be by the private sector. Check the history of economic powers of the world, you will find out that at one point or the order businesses had government support.
I am a capitalist, but there is no economy that is totally capitalist even the United States.
As per the corruption you talked about, that is why we have to change our orientation.

If all our roads, railway, ports, airports, power companies etc are in the hands of private investors, i don't think that is strategic for any responsible government.
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  #254 (permalink)  
Old 6th September 2012, 02:54 PM
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Default Re: Okomu Oil

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Originally Posted by emmanuel ewumi View Post
I think they need to build in order to jump start industrialization, manufacturing, and businesses. After that we can have some that will be built by government, and some that will be by the private sector. Check the history of economic powers of the world, you will find out that at one point or the order businesses had government support.
I am a capitalist, but there is no economy that is totally capitalist even the United States.
As per the corruption you talked about, that is why we have to change our orientation.

If all our roads, railway, ports, airports, power companies etc are in the hands of private investors, i don't think that is strategic for any responsible government.
The infrastructure deficit in Nigeria is about N34 trillion and the total annual budget is N5 trillion with only 30% capital expenditure. At that rate it will take about 22 years to fill the gap assuming there is zero inflation; factor in inflation and you might be looking at 40 years. If the FG dares reduce recurrent expenditure to 50% in order to increase investments in infrastructure, a lot of people would have to be sacked from the civil service. You and I know what the NLC response will be to that effrontery.

Couple that to the bureaucratic bottlenecks involved in Govt transactions. There are certain infrastructures that take a long time to complete and once there is a change in Govt, everything changes, projects are abandoned and then reset. Another Govt comes in and the cycles starts all over.

Taking the Govt out of the game and making them the referee is a better option. Policies are likely to remain the same once the focus is shifted from letting Govt run business enterprises. Another problem with that is the federal character factor. You can be rest assured that it is not the most qualified person that is running NNPC and the person that is expected to run the SWF is also definitely not the most qualified. That is the nature of Nigeria.

Business enterprises report to shareholders and once there is corporate governance, they are forced to look for the best. When there is competition, they are also forced to provide good services to entice consumers to their products. This also provides options for Nigerians. Imagine a world where Nigerians had the option of switching between PHCN and another electricity company at will.

Another problem with Govt run businesses is the propensity of making laws to make the company a monopoly such as PHCN and NRC. A monopoly is not good for any economy.
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  #255 (permalink)  
Old 6th September 2012, 04:11 PM
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Default Re: Okomu Oil

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Originally Posted by knightofdelta View Post
The infrastructure deficit in Nigeria is about N34 trillion and the total annual budget is N5 trillion with only 30% capital expenditure. At that rate it will take about 22 years to fill the gap assuming there is zero inflation; factor in inflation and you might be looking at 40 years. If the FG dares reduce recurrent expenditure to 50% in order to increase investments in infrastructure, a lot of people would have to be sacked from the civil service. You and I know what the NLC response will be to that effrontery.

Couple that to the bureaucratic bottlenecks involved in Govt transactions. There are certain infrastructures that take a long time to complete and once there is a change in Govt, everything changes, projects are abandoned and then reset. Another Govt comes in and the cycles starts all over.

Taking the Govt out of the game and making them the referee is a better option. Policies are likely to remain the same once the focus is shifted from letting Govt run business enterprises. Another problem with that is the federal character factor. You can be rest assured that it is not the most qualified person that is running NNPC and the person that is expected to run the SWF is also definitely not the most qualified. That is the nature of Nigeria.

Business enterprises report to shareholders and once there is corporate governance, they are forced to look for the best. When there is competition, they are also forced to provide good services to entice consumers to their products. This also provides options for Nigerians. Imagine a world where Nigerians had the option of switching between PHCN and another electricity company at will.

Another problem with Govt run businesses is the propensity of making laws to make the company a monopoly such as PHCN and NRC. A monopoly is not good for any economy.
I totally agree with you, if there is any infrastructure to invest on, i will surely invest. But it will be irresponsible for government to leave all the infrastructures in private hands. Investment should be made into critical areas that will stimulate economic growth, which will catalyse private sector investment in the deficit infrastructural areas.

Enabling environment entails good tax system, efficient usage of taxes, infrastructure, finance, health, education, good governance, meritocracy etc.

Last edited by emmanuel ewumi; 7th September 2012 at 10:21 AM.
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  #256 (permalink)  
Old 6th September 2012, 04:47 PM
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Default Re: Okomu Oil

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Originally Posted by knightofdelta View Post
The infrastructure deficit in Nigeria is about N34 trillion and the total annual budget is N5 trillion with only 30% capital expenditure. At that rate it will take about 22 years to fill the gap assuming there is zero inflation; factor in inflation and you might be looking at 40 years. If the FG dares reduce recurrent expenditure to 50% in order to increase investments in infrastructure, a lot of people would have to be sacked from the civil service. You and I know what the NLC response will be to that effrontery.

Couple that to the bureaucratic bottlenecks involved in Govt transactions. There are certain infrastructures that take a long time to complete and once there is a change in Govt, everything changes, projects are abandoned and then reset. Another Govt comes in and the cycles starts all over.

Taking the Govt out of the game and making them the referee is a better option. Policies are likely to remain the same once the focus is shifted from letting Govt run business enterprises. Another problem with that is the federal character factor. You can be rest assured that it is not the most qualified person that is running NNPC and the person that is expected to run the SWF is also definitely not the most qualified. That is the nature of Nigeria.

Business enterprises report to shareholders and once there is corporate governance, they are forced to look for the best. When there is competition, they are also forced to provide good services to entice consumers to their products. This also provides options for Nigerians. Imagine a world where Nigerians had the option of switching between PHCN and another electricity company at will.

Another problem with Govt run businesses is the propensity of making laws to make the company a monopoly such as PHCN and NRC. A monopoly is not good for any economy.
hmmm...so you want to have a toll on every road? how much will it cost you to get to work?
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  #257 (permalink)  
Old 6th September 2012, 10:24 PM
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Default Re: Okomu Oil

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hmmm...so you want to have a toll on every road? how much will it cost you to get to work?
I'm sure Nigerians will be willing to pay a token (like say a N5 coin) to drive on smooth roads rather than drive free on bad roads...
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  #258 (permalink)  
Old 7th November 2012, 04:18 PM
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Default Re: Okomu Oil

OKOMUOIL declares N3.01b PAT in Q3' 12 result,(SP:N34.5k) - Proshare
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  #259 (permalink)  
Old 7th November 2012, 05:10 PM
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Default Re: Okomu Oil

These guys are making good money from their oil palm and rubber plantation.
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Old 7th November 2012, 05:18 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by emmanuel ewumi View Post
These guys are making good money from their oil palm and rubber plantation.
Bros, I'm not seeing what you're seeing o, the result doesn't look impressive at all...abi I'm missing something?
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