As a follow up to my previous post on ‘Why I support the fuel subsidy removal’, I would like to contribute a summary of the main arguments against the Fuel Subsidy Removal flying around. My account of these arguments is based on information freely available on the internet and free of any sentiment or influence. Your comments will help to point out any prejudice or miscommunication that may have inadvertently trickled into account. I have listed a number of sources at the end of this post.

General Argument, the general argument against the fuel subsidy removal is the impact it is having on the prices of goods and services across the nation. Oil rich Nigeria currently has close to 90% of its population living below the poverty line ($1 a day). It is inarguable that the greater proportion of Nigerians experience untold hardship, worsened by the absence of utilities and public amenities such as good roads, public health, power, public transportation, security of lives and property (especially in the volatile areas of Northern Nigeria currently under the scourge of Boko Haram), etc. The general and obvious argument is the multiplier effect the increase in the pump price of petrol is having on transportation, which is affecting the price of all goods and services. According to Nigeria’s Consumer Price Index May 2011, ‘Transportation’ as well as ‘Housing, Water, Electricity, Gas and other Fuels’ come up to about Read the rest of this entry »

Why I support the fuel subsidy removal

Posted: 5th January 2012 by dave in Politics, Pondering

Since I posted my top ten #fuelsubsidy jokes, I have had to respond to a few friends who thought I was being frivolous about a serious topic. Because this is so hot in the news right now, I will jump straight into my position on the issue.

It is clear that the subsidy removal is an attempt to come up with an economic solution to the social problems of corruption, collusion of political elite with the private sector and poor levels of accountability in governance – in the oil sector. It might not be the best way to go about it, but given the facts… it is the most sensible in the long run! 

Unfortunately, we will be plunged into an exceeding difficult economic situation as the cost of transportation, a major part of the average Nigerian’s expenditure, will lead to increases in the price of ALL goods and services. There is no way to romanticize about this reality. It means the disposable income of families will diminish, businesses may be forced to shut down or lay off workers and people will generally become more discontent as a result of the memory of forgone alternatives. The possible spill over effect of this cannot be quantified: religious frenzy, activism, increase in crime, etc.  Read the rest of this entry »

Top Ten #FuelSubsidy Jokes off Twitter

Posted: 2nd January 2012 by dave in Politics, Posts

I had to take out time to list out my top #fuelsubsidy tweets.

Bubbling Under:

@dappy_maiye: Subsidy don comot and dis wife is serving her husband wit ½ meat

@Gidi_Traffic: #FuelSubsidy,big boys will soon start snapping pics with their full tanks.

10
@eigthsense: BREAKING NEWS: Stolen car found. Fuel tank empty!!! That’s the benefit of subsidy removal

9
Source unknown: If he leaves the A.C running in the car when he runs out to get something from the store, he loves you. Marry him.

8
Fappyboi: Fuel subsidy is our punishmnt 4 laughin @ Jonathan’s wife

7
_Aminu_: With fuel subsidy gone… Dating a girl in gwarinpa while u live in maitama is long distance relationship.

6
Source Unknown:
Bob: Daddy, did you hear that they haff remove fuel subsidy?
Father: Is that so?
Bob: Yes Dad, the price is up to N150 per litre. What are your thoughts?
Dad: go and put off that generator!

5
@N6CoolFM: How come Not One SINGLE Nigerian Pastor Predicted this #FuelSubsidy at their Watch Nite Services yesterday *Side Eye!*

4
@atomquietmoney: Beer is N300, fuel is N141, Boys can’t afford to drink and drive… #fuelsubsidy

3
brain_freez_: walk the walk #fuelsubsidy

2
Abu_Dp: All these girls forming *I cannot push car* GOD will catch you this period…

1
“@RoyalPriest1: And funny enuf,dis subsidy thing cud b a joke O°˚˚˚ since GEJ even looks like baba suwe.

Final Word:

@JesseOguns : I’m helping Grandma sell stuff in her shop. I told her about fuel subsidy, she said in 2 weeks Nigerians would adapt.

Five things to remember in 2012

Posted: 31st December 2011 by dave in Pondering

 - We overestimate our capabilities as individuals and underestimate what we can accomplish by our actions.
Moral: Most of us will never win a nobel prize in medicine! However, you don’t need to be the inventor of a vaccine to drive a sick person to the doctor.

- We overestimate what can be done in a day and underestimate what can be done in a year.
Moral: Give yourself time to accomplish your dreams, but commit to tracking your progress over time.

- We overestimate the importance of the things we lack, and underestimate the usefulness of what we have available to us.
Moral: If the grass is greener on the other side of the fence, you can bet the water bill is higher. It is a bad workman that blames his tools.

- We overestimate the significance of rules/doctrines and underestimate the importance of knowing and accepting who we really are.
Moral: Going to church doesn’t make you a Christian, any more than standing in a garage makes you a car.

- We overestimate the importance of specialization and underestimate the importance of balanced general knowledge.
Moral: Computers are far better than humans at solving complicated problems with clearly defined pathways to answers, but they are helpless in the face of ambiguous problems. Its an ambiguous world.

Lastly, read the first one again!

Happy New Year!!


				

I previously put up an extract from a working paper I am writing, I wanted to get comments on what I might have missed or misinterpreted. This post will go back up soon, but I have decided to communicate directly with a few people by email instead.

Thanks.

 

Hopes and Dreams

Posted: 24th October 2011 by dave in Poesy, Pondering

Gazing through the windows of the Prudential, I was terrified. Terrified of flying, not falling. Not scared of the immensity of the landscape before me, but of the intensity of my dreams. Not worried that time seemed to slow down while gazing below, but worried that my time on earth was running out and would never be enough. Not skeptical that the substructure of such a massive building wouldn’t hold, but unsure that I had the foundation from which to reach for the heights to which I fantasize. There, standing on the 50th floor, I thought of all the giants on whose backs I have stood… And of several others on whose backs I wish I could.

Whether your dreams give you passion or your dreams make you afraid… Never stop dreaming and don’t stop believing!!!

 

Attempted Murder

Posted: 12th October 2011 by dave in Posts

I stumbled on this on facebook and it gave me a chuckle.

If you don’t get the joke. A little hint…

The birds are Crows.

A.D.H.D

Posted: 3rd October 2011 by dave in Pondering

Something I wrote three years ago on my other blog: http://whichlevel.wordpress.com/2008/08/08/5-common-myths-about-knowledge/

“I have been visibly absent from the world of blogging for 2 weeks, busy working on a million things, as usual, while trying to fight the pervasive apathy that always seems to haunt me… and my generation. I can only hope that others fare better than I have, though on the whole, I did not do so bad.”
This post has been long overdue. A post about the true meaning of knowledge. I had a little discussion this afternoon that awakened the desire to write this.
I met someone today who took me up when I said all I wanted to do was graduate and make money. This fellow, who obviously was not used to my habit of embellishment and over expression took it that I meant exactly what I said i.e graduate and make money alone. In his words, knowledge was more important than money. We ended up reaching a compromise on our perspectives on the issue, however the discourse uncovered a few common myths about knowledge, which I address in this post.

Myth One: Knowledge is more important than money
First of all, knowledge, as well as money are not an end in themselves, except for insecure and shallow individuals who require ammunition to wave in the faces of others. They are a means to an end. As a result, they are neither as important individually or collectively, as the end to which their quest is aimed. It is like saying a hammer is more important than a saw in a wood workshop. They are distinct items, which belong to different categories. A hammer may be used to straighten or create a saw, and a saw may be used to carve the wooden handle of the hammer, but essentially such a relationship as might exist between them does not necessarily become a harbinger of superiority, no matter how compelling the argument might be.

Myth Two: Knowledge brings money
This is an offshoot of the first myth, and it is usually a popular argument for proponents of the first. Fact: knowledge has been known to bring money. Countless individuals have had the fortune of their next five generations secured on the winds of the knowledge they had or uncovered. Today, discoveries are a powerful back bone of the world’s most successful enterprises. However, at the same time, so much that has been deemed as knowledge has lost individuals and corporations loads of cash, time and respect. I need not say more. Therefore, knowledge can bring money, but acquisition of additional knowledge does not guaranty a windfall of naira notes or foreign currency. What is however TRUE is that The right kind of knowledge brings money. Now, classifying knowledge is both limiting and liberating. How? It is left to the individual to determine what knowledge is capable of bringing in money. Thus, define knowledge. Go figure.

Myth Three: No knowledge is wasted
This might have been true 50 years ago, but today, I hardly see the logic. With the rise of the internet, proliferation of TV, Radio, and other forms of media, one thing that is no longer lacking today is information. Data Smog or Information overload is the new cause of brain drain. Our brains cannot handle the barrage of data so we experience what David Lewis, PhD calls a paralysis of analysis. In today’s world, not only can knowledge be wasted, it can harm your ability to function effectively. The challenge now is to tune out material and information sources that seem unnecessary or to narrow down to seeking only the information that you need. Without an understanding of what your life goals, your strengths, your weaknesses are, you will be forced to compromise and eventually overly engage yourself in irrelevant pursuits.

Myth Four: The more you know the better off you are
This is a much more difficult one to disprove. This is because the human mind is naturally wired towards acquisition and achievement. The notion that physical increase means growth, and acquiring more means improvement is atavistic. In the African context, this concept is even more difficult to grasp. The richer the man, the bigger the house, the bigger the car. For some, the more wives, the more kids etc. In reality, such increase might correlate to greater achievement but sometimes, it only shows greater need, greater depravity and greater need! In Blink… The Power of Thinking without Thinking by Malcom Gladwell, one of my favorite authors, he outlines that sometimes the less we know about a certain topic, the better of we are at making a good decision. Additional information often tends to only distract us from the core issue we have interest in. It works thesame way with the pareto principle, commonly called the 80/20 rule. It states that 80 percent of the results are determined by 20 percent of the action / causes.

Myth Five: Experts can know everything
I am of the opinion that there are two kinds of people: those who dont know, and those who dont know that they dont know.This was posted on the Anecdotes blog (www.anecdotes.com.au) :
The guy who has done this job for 20 years rates himself as good. But the guy doing it for two years rates themselves as expert.
This is a very common trend in todays world. All it takes is a little additonal information to let a person know how little he really knows. What a paradox. This is not to say that some individuals do not have the priviledge and gift of being thoroughly knowledgeable in a specific field. Of course, by all means, but the truth is that there is always more ‘knowledge’ being uncovered from the least likely or most unexpected places capable of disproving the knowledge that you expertly cling to. Think about it, the world was believed to be flat for thousands of years, till Pythagoras or Erastothenes or whoever, discovered that the world was a sphere.

So there you have it, my little take on knowledge. I would like to add that this has been written to the current limit of my knowledge! De javu huh!

What do I know?

Posted: 30th September 2011 by dave in Pondering

I mean, what does one really know?

‘Tell me what you know, then tell me what you don’t know before you tell me what you think’ – Colin Powell

‘There are two kinds of people. Those who don’t know and then those who don’t know that they don’t know’ – Unknown

‘Amateurs tend to have a much higher estimation of their capability than experienced Professionals do’ – Seth Godin