Youtube comments of Straight2Dpoint (@4evertrue830).
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Sometimes some human news media reporters, seem to forget historical events so quickly. What does she mean by covid affected airlines and so, they raised air fares to recoup their loses? Most airlines, especially in the west, the middle east and certain asian countries, like SK and Japan, where bailed out with huge sums of money. In the west $$5trillion financial package was made to big corporations during covid and they pocketed hundreds of $$$billions.
It is obvious that high air fares is the result of high gas prices due to crude oil cuts by Saudi Arabia. Also sanctions on Russia, as a result of the war in Ukraine, which has the largest land mass in the world and so airlines, especially those from unfriendly countries have to take longer routes around Russian airspace to get to their destination. Many pilots refusing to go back to work due to composary untested covid vaccines forced on them also contributed to it. Nice that she took her time to say all that in the end. And pls, no airline is resilient without govt support from time to time. I therefore disagree with that funny expert's comment about resiliance and how airlines will bounce back. So many actually closed shop during covid and have not come back e.g wizz airlines.
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Wow what a great looking bridge, thanks China. It must be challenging for the Chinese to have to learn and speak, as well as read french the language of Senegal and other countries they have international trade and investments with. English, French, Spanish, Portugues, Italian, Russian, Ukrainian, Hindi, German, Arabic e.t.c the list is almost endless....
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How is the cost of raising a daughter calculated in China, to arrive at the brideprice? Do they start with the cost of child birth, followed by baby food, baby clothing, toys, toddlers food and clothing, school fees at an early age when she started her schooling to her college years? How come no one thinks, the same applies to raising sons as well?
So, the daughter's parents wants the groom to pay brideprice, which is usually very high, as compensation for the responsibility of the parents raising their own daughter? What a wicked world we live in..smh ๐ค
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Stop spreading misinformation about taxation in Nigeria ๐ณ๐ฌ. By your comment, it is obvious your knowledge about taxation in Nigeria is very shallow. What we have in Nigeria is more of indirect taxation rather than direct taxation because the latter is very difficult to collect. So, what taxes are we not paying? Everything you see, buy, use or even drive in/on is taxed since most of it comes through the border and importers pay import tariffs and other levys on it to customs. So, from the clothes you wear, the food you eat, the pharmaceutical drugs you buy, the water you drink, the electricity you use, the school you go to or, your kids attended the car you drive, the house you live in, the office you work in, the shop you buy stuff from, etc, are all taxed. Even those who board airplanes in Nigeria to leave and find a better life abroad or, to travel to other states in Nigeria pay, air ticket/passenger tax, airport tax/Air cargo tax.
Don't you also know that the commercial bus ticket you purchase at the motor park is taxed? The "agbero/tout" collects money from the driver and pays an agreed percentage to the LG council govt, which is a form of tax. If you buy land and want to build a house, you pay Nmillions to the town planning office as development levy - which is a form of tax. If you're brave enough to do your own research, you will know that we all are heavily taxed already in Nigeria, it is the corrupt misuse of all these tax funds that happens to be Nigeria's problem. Is that not why politics in Nigeria is a do or die profession?..smh ๐ค
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It was a very stupid idea, from the very beginning. I doubt if the govt at the time, connected with local Urban & Regional planners to help out. If they did, they would have provided the best, affordable alternative city plan to solve Lagos many urban city problems.
Lagos State is a megalopolis, a state with over 20million people on a small land mass, so many of its citizens are living in massive slums on both the island and mainland. The best solution and the most cost effective, would have been to embark on urban renewal, urban redevelopment projects of all its residential and commercial slums, one after the other, into new modern CBDs (central business districts) with all stakeholders involved.
It would have been far cheaper and much more cost effective, than this silly $6 billion Eko Atlantic city project. I am very sure this EKO scheme, came about through the influence of foreign venture capitalists without the input of Lagos city planners from the start. It will take another 20 something years for any significant progress to take place there, by then its cost estimate will continue to rise...
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I have made comments in the past, on several ways the A380 can still be flying for the airlines that have them. Now, a new one has come to mind. If private business jet owners, occasionally share the use of their private jets today in what is called fractional ownership, why can't a similar system be applied to work for an airline within an alliance/club?
By making the A380 available for use by fellow airline members within an alliance, that spreads its use, the cost and its maintainance among members. I am sure there are airlines, that wish they could have one/two flying long haul on their own routes if only they could get their hands on one. Here lies the wisdom of fractional ownership of the A380.
However, for this to work there will be a need to set up an entirely new business behind this, with its own management team. The aircraft itself will have a new livery, perhaps one that displays the club, or alliance group livery it belongs to. Qatar, Lufthansa, Air France, British airways, Korea airlines and others with this type of plane , will have no choice but to let it go and be managed by the new team picked for this purpose. Hopefully, this beautiful aircraft can be saved and used for many years to come...
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As an urban & regional development planner, I feel two sad mistakes were made building this metroline system, based on the route approved for this project. One is, why is CMS central business district the final destination on the island and not Leventis CBD? The beautiful water front landscape of CMS at the marina was sadly, deliberately destroyed to make way for this project which then makes me wonder what highly trained, experienced engineer will design and build the high concrete structures which elevates the heavy metroline train, side by side bridges carrying vehicles with very little space separating the two? Is he not aware of the vibrational laws of motion in physics as it relates to the pull between two objects that are close to each other?
The second is, why the 3rd mainland bridge water front route from the Osborne foreshore area, was not considered as an alternative ideal route for island-mainland to ease the heavy passenger traffic in Lagos?
From here, one can extend it further towards Anthony central business district on the mainland which links major areas like Ikeja, kosofe, surulere etc. This two routes, would have solved most of the heavy passenger and vehicle traffic problems Lagos is known for and still retain her beautiful city landscape. I may be wrong, no one is perfect but these are my thoughts. ๐ค๐
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ย @HTX_DMan5ย Listen man, it does not matter if i am an American or not, the issue is quite simple. If a 14yr old teenager has a knife, then obviously the question one should be asking is, what led to a 14yr old brandishing such a weapon in public at such young age in the first place.
And don't tell me the cop is a city cop. Cops are cops, whether they are federal, state, city, municipal or any other name you want to call them. Why have city cops that the city cannot properly provide funds for to buy a taser in the first place, but there is money for a gun right?
When you grow up and become a father and you are responsible for your kid but something goes wrong in life, (such things happens) i guess its okay with you if a cop puts a bullet into your kid just because he/she is emotionally or mentally disturbed and struggles to get people to understand what he/she is going through. Good luck with that.
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You claim to be a real academic research professor, are you not? Why have you left out, the impact of the invasion of Libya by NAT0 forces in 2011 led by the US, from the crises Nigeria is going through today, as well as fellow African countries in the sub-sahara from your report? Are you pretending not to be aware that it brought in terrorists with numerous weapons from that war into sub-sahara African countries such as Mali, Niger, Chad and Nigeria?
These countries were quite peaceful, until that terrible and sad event occured in 2011, all because the US and NAT0 saw the Libyan govt of Ghaddafy as a threat to western economic and financial hegemony in Africa. Ever since, this region has been awash with killings, banditry and all sorts of insurgencies. Shocking how you somehow decided to leave all that out. Is this because you are a white man, a citizen of the US 0r the EU so let me, speak no evil, see no evil, hear no evil? You think Africans living in this region suddenly woke up 0ne day and started fighting among themselves? Y0ur report is inconclusive and biased. A poorly one sided evaluation of the deeper problem many countries around the world, not only Africa is going through. I am sure if you did a report about Ukraine and Russia conflict, it would be 0ne sided in favour of Ukraine and leaving out the US deep involvement since the 2014 Ukraine coup...
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9:45 No Jimmy, it is not that simple. Cancelling all students' loan debts does not benefit the entire US economy. It will only creat unforseen consequencies, in other financial related sectors of the US economy, that such funds are tied to. Banks that issue those loans, will need federal help to write them off, since such funds were sourced from deposits of customers in the first place. If help does not come from the federal govt, the Banks affected will have to look for new sources to compensate for the loss..Also in what way does it encourage students, to learn to be responsible for their actions. Most college students are grown ups in their mid 20s to their 30s, ages of maturity that is expected of them to take sound financial responsibilities regarding their future. I do agree some debts should be cancelled for the more vulnerable (e.g $50,000 for those earning less than $90,000/yr), but certainly not ALL STUDENTS LOAN DEBTS.
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If i have ever come across a very pathetic documentary on the generation of revenue through taxes by government, this is one of them. Not all forms of taxation by govt is theft, taxation that is charged by govt on personal income, pension, wealth and property earned after it has been worked for is THEFT!!!
Other forms of taxation such as revenue earned by tariffs at sea ports, airports, land borders, royalties from natural valuable assets like oil, gas, gold, coal, bitumen, as well as taxation on land use charges/taxes on use of land for different purposes, e.g residential, commercial, industroes, e.t.c. There is also potential of PPP - Public Private Participation in service delivery of basic ammenties which will earn very large revenues in $$$billions for a very sensible conservative spending govt...e.g Norway, the Carribian islands and Denmark to mention just a few...pls next time make it more intellectually sound by interviewing Professors of economics from both sides of the divide if you want to do a documentary
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ย @nnfefe9451ย Is reading and understanding written english language your problem? After everything i have written above in my comments you still don't understand the difference between printing money to achieve an important, constructive significant purpose compared to printing money for no important purpose at all which is also called palliatives. Let me break it down for simpletons like you to understand.
Imagine a rich uncle, or someone left you =N=100million and was paid into your bank account, money which you didn't work for (just like printing easy money), will you waste it by spending it on lavish things e.g buying flashy cars, jewelry and expensive holidays around the world, or will you smartly invest the money into money generating productive, constructive businesses and projects which will create wealth i.e, bring more money and make you more wealthy than the =N=100M? I won't be surprised if you did the former rather than apply intelligence and do the latter. Which is why i made those comments earlier that, just printing money is not the issue.
On the Ethiopian Dam (not damn), there is no way bonds in her currency will be accepted by any foreign construction company assigned to build the dam. It is not useful internationally. It still has to be converted into an acceptable foreign reserved international currency i.e the dollar, euro, pound sterling, Swiss, etc before the Italians can start work on the dam project. Why don't you spare yourself any future embarrassment on social media by doing some sound homework/research on this matter henceforth if you honestly can. It is so sad that i have to school you on a subject matter as important as this - the monetary and fiscal management of a country's capital resources.
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ย @Therealclips-ib8bmย Are you aware that just like in the pure sciences like physics, chemistry and biology, in economics too you have to balance equations? Why should politicians, ministers, state judges, federal judges, hundreds of appointed advisers and other top govt officials who are hardly productive earn millions yearly and in some cases, monthly but civil service workers like clerks, teachers, admin staff and those in crucial important sectors like electricity, are expected to be hard working and productive earning poverty wages like N62k? Was this how it was in the 60s, 70s and 80s when nigerians were the pride of other africans? How come in the month of May 2024, State govts shared a whopping =N= 388.81billion, on the average about =N=11billion each (in just one month). Yet, they can't pay a living wage? Try defending them on their BS if you want, i on my part will not..smh.๐
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I am late to the game of making comments, but it is sad that most people's comments here shows their extreme ignorance and lack of understanding what socialism is. Let me try to explain it in a much easier way.
In every work of life, there is some form of socialism. It is eternal in our society. E.g, in the family, a new born baby experiences 'socialism' when the parents are the ones responsible for the child's wellbeing and upkeep because the child is an infant and too young to work and earn an income until the age of 17 when he/she becomes an adult. Elderly people (parents) experience 'socialism' when their children take up the responsiblity for taking care of them in their old age because they are no longer physically fit to work.
Just like the fingers of our hands, we are not all equal and capable of doing things by ourselves for ourselves eternally, which is why we as a people come together to form a community of people in society to help each other and create a wealthy, healthy community of people in a country. Now the opposite of everything i have written here is what is called capitalism - which is the deliberate design by default a country for the rich, by the rich to be exploited of, and owned by the rich for their entire benefit, which is what the WEF meant by - "You will own nothing and be happy". Every valuable asset that anyone can think of will be in their hands. It is called, "Total control". Argentina's problem shows how capitalism abused and was corruptly used against a country and it's people, not socialism. ๐ ๐ ๐คฃ
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ย @feed_me_cookiesย Sorry, but based on the matter of free market economics/capitalism, i will not support your assessment. Corporations, big or small are not supposed to receive bail outs or any form of stimulus package from the govt or the Fed (backed by govt guarantee most times) for any reason whatsoever. They are private corporations and as private corporations, they are supposed to have slush funds set aside for these sort of situations while operating in a capitalist free market economy. It does not matter if it is covid, a hurricane, earthquake, economic sanctions, tornadoes, e.t.c. They are supposed to know how to prepare for the unexpected. They are in this situation because they have been buying back their shares at the stock market, creating an artificial scenario of good corporate governance which is far from the truth.
When certain govts around the world, especially in the west keep bailing out, or provide stimulus funds to these businesses, the more they get richer & the more they take these administrations for a ride. Such businesses have alternative sources of funds e.g funds from their shareholders, stock market debenture loans, corporate bonds, national industrial bank loans, e.t.c. to help them get back on their feet after the crises. That is how free market economics in a capitalist country's economy should work.
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ย @2415Janย "move to a different state if you make up the bottom 6.7% unemployed...."? you don't seem to understand that the economic system you are referring to is in the PAST. If you can't get a job in one state just move to another? It no longer works that way today, what affects one state affects the other. Those days are gone. These days people move from country to country to try & make ends meet & that is EXPENSIVE.
And all that comment "..we worked since childhood & saved every penny to invest into our future...we pay higher taxes.." shucks! let me guess, obviously you are much older than i thought you are & many others like myself reading this. This means you are among the lucky few without a
(1.) student loan debt, (2.) working two jobs, (3.) struggling with bills to pay, (4.) barely making it to the end of the month with what you earned, (4.) a minimum wage that does little or nothing for you, (5.) a reduction in food stamps to compliment what you are earning, (6.) regular increases in taxes even though the dollar's real value has dropped 100% since 2001, (7.) divorces & separation going up among couples, (8.) suicide rates are going up, (9.) unable to pay the rent,.....need i tell you more.
THINK, and have a conscience for God's sake, THINK.
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ย Chris Peryย Why smart intelligent persons like us should reply to your pathetic comments here that shows your very poor level of education while growing up, on what proper governance is all about beats me sometimes. You are just like Joe Biden who said "my father said, i want the govt to understand my problems but not help fix my problems". A shameful unfortunate statement.
If you know much of the history of America, then you should know that much of America's high economic growth in the early 19th century was all about true governance; govt spending on housing, energy, high quality affordable education, amenities & infrastructure which went on to create so much wealth for the population at that time.
When did it all go wrong? after WW2 when real statesmen like Eisenhower & JFK were replaced by presidents like Carter & actor Ronald Reagan both controlled by the oligarchy of America. They came into office with their 'trickle down' economics shameful policies and much money started going big corporations through tax cuts & into the military/pentagon budget. Get something straight; allocating huge sums of money to the military does not create wealth. It only does the opposite, leaves a big hole in the budget. Which is why today the country is in debt to the tune of over $25trillion and little to show for it but wars, wars, and endless wars.
So if you still want to be a MORON, and refuse to get educated, why not go and live like a nomand in an isolated island somewhere you will not be missed, trust me. GFYS!
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The =N= 267billion internal generated revenue you qouted, i think is quite low. According to the APC led Lagos State govt, they often boast of =N= 35billion/mth internal revenue and this is not adding the allocation from the monthly Fed allocations. The truth behind all this is greed, both by the property developer and the State govt.
Let me explain; if the LASG keeps truthfully to proper land use laws and regulations, in its master plan, i.e ensure the land use is developed by the land owner, for the purpose which it was bought for/meant for and not changed, home prices will not rise to ridiculous high levels. However, you will realise that illegal change of use of residential buildings for other purposes, in most cases - commercial uses, this jerks up prices of residential neighbourhood buildings as well. This is usually is the problem..i am 99% sure about this.
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@lorenzo42pย I am beginning to understand what your problem is. It has to do with your upbringing in the west. Rude, shameful behaviour to authority has been ingrained into your subconscious mind in the US of A, from your youth and seeing how things are different in other countries, and how their system actually works is very difficult for you to comprehend. If all the freedom you say you have in the US, and the only thing you can show for it is, insulting and making fun of your president in the midst of poor derelict infrastructure, massive illegal immigration, millions of homeless people, expensive healthcare (Medicaid insurance), burdensome tuition fees, working paycheck to paycheck etc, well good luck to your freedom. I haven't seen anyone who "making fun of the president" gets their bills paid or, how that behaviour reduces the high rate of crime which keeps rising every year. Correct me if i am wrong; is the United States not the only country in the world that her citizens have in their possession 250million hand guns? How much good has that reduced crime rate in the US in over 2 centuries?
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I don't see anything good at all that much, about this tax reforms. The only area that sounds good is the no income tax on minimum wage. Pls understand that all forms of taxation is the main source of govt revenue and if you don't have a wide comprehensive tax reach in the generation system, you will resort to borrowing, borrowing and more borrowing especially from international fund institutions like the IMF, World Bank, China and Russia. I was expecting him to say, more VAT taxes will go to the State that generates more of it and less to those that generate less of it, for equity sake as well as higher income tax on anyone earning N1million/mth. There is also the need to share more money from royalties to the States, where such resources where they are located, e.g oil and gas, limestone, gold, bitumen, timber, etc. There is no sector of a State's economy that cannot earn Nbillions (or $billions) in revenue for that State if a lot of work is put into it and ensure loopholes are closed hindering it's development. ๐
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Nigeria will never make progress economically and politically as long as northerners hold political offices in Nigeria. The level of mediocrity among them is alarming, all due to their very poor level of education. Everything they touch, they destroy. They are a curse to this great country either as civilian head of states, or even during the well known military era. We all know this as a fact.
How this northern born minister of avaition, can call 5% ownership of an airline as a "national airline" is so shameful and disgraceful. Is he not aware that 5% is practically nothing? That percentage (5%), can easily be diluted within months, or a year after the airline starts operating. What happens then? Besides how difficult can it be to start an airline when a private nigerian airline, Peace airlines has been operating for over 5 yrs now. Why can't the govt take up 30%, 40%, or even 45% equity in her? That still leaves the majority % equity with the private owners and will certainly, help the airline grow even faster, because it gives her leverage flying into foreign airports more easily as an airline with state equity in tow.
Another alternative, is to have federal and states with airports, have combined equity of 35% - 45%. This is to ensure more flights to their airports, which is experiencing poor traffic/patronage for a very long time now, as a condition of being part owners of the airline. The rest of the shares/equity can be owned by private investors both Nigerians and foreigners. These two sensible options is what can be called a truely national airline, not the one formulated by the avaition minister...
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I don't know what is so crazy or scary about the CCP government clamping down on $billionaires that want to get overzealous and corrupt government officials to the detriment of the entire country. What the CCP government in China has done and is doing, is what should be seen as TRUE and PROPER governance and should be copied by governments around the world that see themselves as more inclined to simple working people and not corporate campaign sponsor oriented governments.
However, i will not condone killing anyone, not even billionaires but rather putting them all in jail or house arrest and, or imposing a hefty fine in $billions for whatever offence they may have done against the government which will make sure they behave, besides who wants the financial and economic crises of 2008/2009 caused by $billionaire banks in the US, which wiped out the economies of large numbers of countries around the world, not including the millions of Americans that lost their homes and livelihoods as well.
The deliberate greed of $billionaire banks in the US as well as other similar greedy crony capitalist activities of big corporations has exposed the shambolic nature of America's democracy. Wars are being created by $billion corporations working for the pentagon for profit, and fought by 'sheeply' American youths in the military who deceive them selves that they are serving their country.
It takes a country like China to show their $billionaires and world why big tech and big corporation founders and CEOs should not think because of globalisation which is an open invitation to invest any where in the world, make money and grow rich you therefore should start having a westernized mindset and the guts to issue threats, or build up criticism of the Chinese govt in whatever way you like. That should not be acceptable in a true and just society.
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ย @alexkorneev6469ย Well based on research by economists in the last 35 something years, China has lifted over 700 million people in her country out of poverty and her GDP per capita has risen from less than $500/yr to over $17,000/yr in 2020. This achievement was made through what china calls a "socialist free market system" which is a form of capitalism that places the most essential economic sectors squarely in the hands of govt. Such sectors as, land and it's resources, large scale agriculture, airports, seaports, railways, airlines, major banks, electricity and large scale infrastructure, are all central govt and state govt owned. The opposite is the case in the west. Doing this the central govt ensures the poor and middle-class are not affected by whatever negative agenda the wealthy rich in the country have to control the living standards of the people. Which is why goods manufactured in China are cheap and very affordable when exported. They compete very well with expensive western brands. And its working.
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This guy's research on the topic he is talking about, is a big joke and his level of IQ in doing that research is shamefully poor. It is obvious he has not read the book "The Economic Hit Man" by the World Bank whistleblower John Perkins (and many others like his) whose team at the WB contributed immensely to spreading poverty and corruption around the world to many countries including those in africa. I recommend he re-educates himself by finding that book and reading it. How can he not be aware of most of the atrocities committed by the west, especially the US since the 1960s which includes,
(1). Propping up dictator govts and corrupting them with large sums of $$$money placed in american and swiss banks, so that many african countries can be used to help ensure US military bases are stationed there to counter the USSR,
(2). Corrupting the govts of these countries to take WB loans and finacial aid with strings that are attached to their natural resources to benefit only american companies with no benefits at all whatsoever returning to these african countries at the end of tbe day,
(3).Deliberately witholding large funds in $billions in foreign exchange earned by african countriea under the threat of not practicing democracy in the same countries which they helped to install military coup dictators in the first place,
(4), overthrowing and in some cases the assassination by the CIA of democratically elected leaders that are popular in their countries, winning clean elections but will not subject themselves to be a puppet of US govt policies in that african country (e.g elections in Nigeria in 1993 which led to the assassination of the popular winner in 1996).
(5), helping to corruptly rig elections held in many african countries to ensure those that will only answer to US hegemony in africa actually win elections in those countries.
Only recently many african francophone countries are fighting to liberate themselves from France's hold on them for so many decades, interfering in their elections and how they govern their country. France corrupts their leaders to take the natural resource spreading poverty rather than wealth.
Stop hiding behind making fake news videos for YouTube likes and claiming to provide truth when you don't know what you are saying. ๐ค๐
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ย @kayskillz7119ย No 1 accusation - "Obasanjo and Atiku built university". Are these not universities that were built with money borrowed from the banks and contributions made by close friends and can be verified?
No 2 - "Obasanjo spent $16billion on darkness". Is Nigeria today entirely in darkness? Besides, people who were involved have come forward to show proof that this is inaccurate and obviously misinformation. The real sum is closer to $6billion of which Nigeria still enjoys the benefit of today. How much did Buhari spend?
No 3 - The Obasanjo farm has been in existence since the 70s built from scratch. No 4 - How corrupt can an election be if no soldiers were deployed to intimidate/force voters to vote for a particular party like in 2019 and that of 2023 using thugs this time. No 5, 6, 7 - removed govs, committed genocide, removed judges, all of which also occurred under Buhari's govt during his reign. Mandate of governors to build libraries is impossible under the separation of powers in the constitution. The issue of true federalism is ongoing. Yes, Lagos LG allocations was not paid, but only to those additional 37 LGs that had not being recognised as LGs by the N.Assembly. Finally, tell me pls by what miracle of immense funds can LGs build electricity generating stations to generate their own electricity, when even State govts can't. Is it not because of the extremely high cost of doing so? ๐
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With all due respect, your analysis of the breakup of the EU is very wrong. I do agree that the sanctions on Russia may lead to the disassociation of some members of the EU (a small minority) but not all members of the EU. The strong members will still remain to keep the EU and the Euro going.
If the P.I.G.S countries go their seperate ways, back to their own currencies they still have their debts in Euros to pay with ever increasing interest rates accumulating. Remember, banks create money out of thin air, i.e with computers. They will be in a better situation though, because they will have their own currency to work with to revamp their poor economy which if applied sensibly will help boost their GDP, nevertheless they still have to pay off their debts and interests as at when due.
The original plan from the beginning, was for all EU countries to have their local currencies work in relation to the Euro; i.e all EU countries should have two currencies, the Euro (โฌ) for international trade competing with the dollar ($), and their local currency for domestic use, work or business transactions. Strangely, somewhere along the line during its creation the idea was dropped and the Euro forced on every one. The UK was the only country that kept to the original idea. Still i believe that the EU will reduce in size but not completely breakup. They have come too far for that to happen....
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@toma3025ย If you believe today that China's entire economy is totally in the hands of the private sector (i.e free market capitalism), am sorry to burst your bubble it is definitely NOT! China practices what she calls, "Centralised Socialist free market economic system" which still has a lot to do with central planning the economy. Which is how they consistently have a 10yr plan, or a 15yr economic plan. It is not the liberated capitalist free market system placed in the hands of the private oligarchs the west is known for. What this means is, all the land in China and its resources, including major key industries like - sea ports, airports, airlines, inland water transportation, railways, mining, oil and gas, Banking, insurance, equity/stock exchange, electricity generation and distribution, water resources, healthcare, agriculture, infrastructure are public/state owned. The only part of her economy that is capitalist in nature is just the commercial sectors. Like i said in my previous comment, the west strong hold on the worldwide monetary system which prevented outside collaboration in trade made things difficult for them. It perhaps led China to warm up closer to the USSR at the time leading to a closing of borders with the rest of the world. Did China not open her borders later on in the late 80s, when trade became more difficult with the Soviets? Perhaps she foresaw the Soviets forth coming economic crisis. However, you can't deny that the western capitalist economic model is definitely NOT what China practices.
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This french man is a terrible analyst of what led to the loss of the Indian Rafael fighter jets.
First of all, the conflict took place in the Kashmir region in the north both contested by India and Pakistan. If we are to believe what he is saying, the indian airforce took off to bomb terrorist bases in Kashmir and not to bomb, or attack Pakistani air bases. A good decision if you ask me. So, why is he suggesting that, the indian airforce should have targeted air defenses in Pakistan as well to prevent any retaliatory attacks from the Pakistani airforce? How is that not going to lead to an all out war against Indian forces in the Kashmir region, which is what the indian airforce wanted to prevent from happening in the first place?
Besides, if the Rafael fighter jets were truly remarkable, superior fighter jets to the chinese ones flown by the Pakistani airforce, how come they failed to achieve their mission successfully and returned to base unscaled? Therefore India should question how good the Rafael jets they purchased are, and perhaps the French sold them substandard fighter jets compared to the ones the French airforce actually uses.
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โย @stewiesaidthatย "Alimony and child support is to prevent a man from divorcing his wife and burdening the state with his financial obligations". What??? What divorced man out there do you know has placed his financial burden on the state where he lives? Don't you think the opposite is actually the case? When a man and a woman are married, who bears the financial burden of care of both woman and child, as well as paying most taxes, the woman or the man? Obviouly it is the man, so where is the burden on the state?
At the time of divorce of both spouses, who pays the court fees and in many cases legal fees of the spouse's attorney? Obviously the man. Who usually gets the lion share of divided assets e.g the house and her spouse's wealth if he is a millionaire or, billionaire? The wife of course. And since women can now work and achieve great strides in their career or, business and are no longer forced to be a housewife indefinitely throughout their lives, how are they even supposed to be a burden to the state?
The real burden here is State/States, that earn billions of $$$dollars from fees of divorce processes all the time, all over the country paid by divorcing spouses in court into Sate coffers every single year. Such fees are also increasing.
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ย @omnipotentwiz5101ย The demand of a country's currency is what strengthens that currency and it's economy. The higher the demand, the stronger it gets and the stronger the economy is. The minimum wage in the 70s and early 80s was about N100 - N150/mth at $1 - N1.20k at the time. The equivalent of that today is roughly N165,000/mth even though, it should be a little higher. You tell me, how the average working class nigerian can survive on Nigeria's so called minimum (poverty) wage of N70,000/mth in an economy that has all it's social services already privatised since the Babangida administration of the 90s? Electricity, water, health care, education, etc are heavily taxed and privatised today. On channels Tv, a govt official was seen telling everyone that, those earning N1million/mth will pay 19% income tax and those earning N100million/mth (obviously referring to western foreign CEOs in Nigeria) will now pay 25% income tax. In the US and UK, such people will be paying tax of 45% - 70% on their income. You tell me how that pathetic low tax the govt has calculated for them to pay, benefits Nigeria and makes any sense to you.
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ย @omnipotentwiz5101ย First and foremost, your knowledge of monetary economics is very shallow. Like i said, fiat currencies are not a problem IF they are backed by strong gold reserves. So, the life span of fiat currencies is not the problem but what backs it. As long as the country in question has a central bank owned by the govt and held in trust on behalf of the people, the lifespan of the currency is a none issue. Unfortunately, western Central Banks are PRIVATELY OWNED and that is why fiat currencies of the west tend to lose value from time to time and become worthless. After WW2 in germany, the economy was in such terrible shape that the german mark (its currency) was so worthless it was used as wall paper and toilet paper. The economy had to be bailed out with heavy loans from the US to bounce back. In Zimbabwe, under the past govt of Robert Mugabe and due to western sanctions, the currency had lost so much value it exchanged for 1trillion Zimbabwe dollars to $1US. Today, since the death of Mugabe and now with the new leader/president, the discovery of large gold reserves in Zimbabwe has helped the currency to bounced back. It is now 500 Zimbabwe dollars to $1US even much better than Nigeria's exchange rate to $1US. Is that a failure of fiat currencies? No, just good, sound monetary economics being applied by a country that still believes in it. Bitcoin and all its derivatives are just imaginary monetary means of exchange that has none of the sound qualities associated with real money. I won't put my hopes on it for the long run.
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This begs the question, who is to benefit from this crises? Is the US, the Ukrainians, the Russians pawns in this dangerous game of war? Are there some group of powerful people called 'the deep state/the secret govt', that planned this to happen from the very beginning? They seem to be so hidden and so secret no one really knows who they are. Just think about it, the Ukrainian president who just a few years ago was actually an actor in comedy films, with no previous experience whatsoever on what running and forming a government is all about, or has never held any public govt office suddenly gets elected as president of Ukraine and thinks he is a superhero who has come to save Ukraine from his delusionary belief that Russia and Putin are the evil ones, the problem behind Ukraine's poverty, corruption, failures, lack of economic growth, very poor GDP, e.t.c. And his solution - lets start a war with nuclear power Russia?. I don't know what else to say but, may God have mercy and save us from crazy mad delusionary politicians like the Zelenskiyes of Ukraine that i very much believe are been used by 'the deep state/secret govt' that are hidding in the shadows. I smell George Soros behind this and his partners in crime....
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ย @forfun6273ย A false, delusional interpretation of socialism and communism from a person living in a fantasy western world stolen by crony, predatory capitalists. Are you not living paycheck to paycheck? How can you tell if true socialism and communism is what you describe it as is? All those people in leadership positions in favour of the benefits of socialism or, communism and want it as their people's way of life in their own country, have been overwhelming 'taken out' through assassinations, wars, economic sanctions, by nations that see themselves as capitalist. If such countries you're referring to were allowed to have and embrace the political and market system they prefer and it later fails on its on accord, then and only then can you justifiably say what you're saying in this comment section now but, you have no proof of its failure in any country to point to, do you? Point to any country in the world today that has not been made to pay dearly by the US and the west for daring to have socialism or, communism in its entirety..smh.
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ย @Therealclips-ib8bmย This is the bad economics that they usually teach people in school. In reality, it does not work that way. What actually happens is that, companies are known to innovate around high cost of production to lessen the burden and not necessarily transfer every N1 increase in production cost due to govt policies to the consumer. Go to the supermarkets and see how they innovate through new product packages and price controls. Besides, the increase in minimum wage is not really the issue here, even if it seems to be. NLC and TUC are actually fighting for a living wage which realistically should be between N90,000 - N150,000/mth. for the civil servant who has many mouths to feed of his own and other dependants, not to talk of the increase in house rents and utility bills. Is it right for the political class, well known to make promises of a better life for nigerians every election year, to now say 'sorry we can't offer anything more than N62,000/mth' when they're pocketing =N=millions monthly?
N62,000 can still be the national minimum wage but it only applies to employers of labour with a minimum of 25 - 30 workers as stated in the labour laws. You tell me what company with 25 - 30 workers cannot comfortably pay that to get the best hard work out of their workforce? Shame on that company. ๐
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