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Career / Re: Should I Spend N40m On Harvard Business School Mba Or Just Do Business With It? by chamber2(m): 7:17pm On Dec 03, 2011
Before? yes. Now, i don't think it's worth it that much. The top IBs that used to crave for Ivy grads seem not to be in good shape now. So, taking such risk with that huge amount of money may not be ideal. Also, it depends on why he needs the harvard MBA; ego or huge salary with mouth watering bonus?

If i must go to harvard it has to be company sponsored, scholarship or that i happen to fall into a financial windfall. I can't risk 40m just to get harvard kpali shocked I am aware that harvard education opens a lot of doors and bestows a lot of respect to the holder. However, it will be most valued when it is on sponsorship or scholarship or anything close to that.

I don't know if an Msc from harvard opens the same door as much as the MBA, i would have recommended the Msc which seem relatively cheaper. Harvard education is like playing a lottery now, you either lose or gain.
Career / Re: Total Oil And Gas Workers by chamber2(m): 5:13pm On Dec 03, 2011
^^^^

Are these salaries only for the tech guys (the engineering grads etc) or is it applicable to all entry level staffs ?

Most of ''us'' from non technical background would want to enjoy this windfall grin grin

Pls answer me o, i don suffer undecided

1 Like

Education / Re: *~ Ola one Voted The Education Section Poster Of The Year *~ Congratulations by chamber2(m): 12:26pm On Dec 02, 2011
whats the benefit Lol
Career / Re: Should I Take This New Offer? by chamber2(m): 9:06am On Dec 02, 2011
Bros, did you not make any savings out of the 65k you were paid before? Why not start with a one room apartment or maybe explain to your employers that you currently have accommodation issues?
Career / Re: Improving National Skills Set- Focus On Ict by chamber2(m): 9:31am On Nov 29, 2011
Bro, all what you enumerated above are already in the system. Except in the area of making it compulsory like English and Maths. The major drawback remains the teaching methodology, lack of facilities and poor learning environment. What is the point teaching someone Microsoft office when he/she has not seen computer before. How many secondary schools, and universities have a functioning computer lab? None if you ask me.

In my school and most other schools for instance, students in their 2nd yr are required to take a course in use of computer packages, programming etc. The university collaborates with some IT centres so that students can come there and be taught by their lecturers. This training runs through a full semester and at the end the IT centres grade the students and submit their results to the university. However, every body tends to forget what was taught in the IT centres before they get to their final yr due to lack of continuity. Students need to continuously practice what they were taught in these computer centres to ensure proper retention and applicability.

The govt really need to increase funding to the universities and give them certain level of autonomy. Funding remains the major drawback and the more the govt slacks in this regard the more the problem intensifies.
Career / Re: A Talented Mathematician by chamber2(m): 7:48pm On Nov 26, 2011
Shock:

Abi o, which one are you self? A knowledgable mathematician or an expert? Because I don hear say you self be solid maths graduta

See me see maths grin
Career / Re: A Talented Mathematician by chamber2(m): 7:30pm On Nov 26, 2011
Shock:

I think the issue here is pride, than people wanting to add value to the thread, and from what I can personally gather, the difference is in how everyone defines the term "experts"

I tire pass you o.

People like ''us'' wey no go better school na war!!!

But seriously, it's really pathetic  shocked Everybody wants to show that he is better than the other, even when they know little or nothing of the other person.
Career / Re: Tax Accountants Or Analysts Please? by chamber2(m): 10:34pm On Nov 24, 2011
Exactly my point. GDP will suffice here as a measure of growth and as dependent variable. So, basically what you are looking for now are other independent variables to include in the model.

The variables you include depends on availability of data and relevance to the research topic. Data on inflation, tax rate, income, output etc are readily available. But data on investments etc may not be handy.

Now, let me list a few independent variables you might want to consider;

1.price level
2. Revenue
3.Output
4. consumer price index (CPI)
5.Producer Price Index (PPI)
6.Income etc

I am worried as to why you decided to choose 1986 knowing fully well that it was the early periods of SAP(structural Adjustment Programme) in the Nigerian economy with its adverse effects on spending, income and growth.

It may be interesting to check what other researchers have done in this area to enable you get started. Check out this study below;
http://www.academicjournals.org/jeif/PDF/pdf%202011/August/Unegbu%20and%20Irefin.pdf
Career / Re: Tax Accountants Or Analysts Please? by chamber2(m): 8:51pm On Nov 24, 2011
well, hence VAT is the independent variable and you are measuring its impact on the economy. Then i think other variables of interest may include;

GDP= a measure of economic growth
Tax Rate - a measure of tax revenue
Per capita Income/Income or disposable income- a measure of the ability to pay
Revenue etc

I think which ever model you try to build will definitely have to explain the impact of VAT in the economy cos this is the main issue your research is trying to resolve. Get data on GDP, Tax rate etc and regress against data on VAT.

Visit NOS, Ministry finance, ministry of national planning, CBN offices or website and see if you can get data on any of the variables. Also, at undergraduate level i think it is still possible to run a simple regression involving just two variables, depending on what your supervisor wants. In that case GDP levels between 1986-2010 may suffice. Remember, your analysis is basically to identify whether VAT helps economic growth of Nigeria or hampers it. So, methinks GDP will be a good measure of growth in this regard.
Business / Re: CBN Devalues Naira, Holds Interest Rate To Spur Growth by chamber2(m): 11:27am On Nov 23, 2011
Sanusi at it again

CBN Imam
Romance / Re: Help - Shes Killing Me by chamber2(m): 8:27pm On Nov 21, 2011
downcasted

I am still laffing hahahahaha

I lost my 5 yr relationship to ''NYSC" hahaha

But you know what?

I got another better one a wk after. But now, this one too is doing ''NYSC.'' My options are still very open.
I am not in the country too, but my options are still open hahahaha

Meanwhile, you are a hardworking young man, so, women will never be ur problem. Except if u want them to be

The one
Business / Jim’s Court Drama: ‘it’s Business Deal Gone Sour’ by chamber2(m): 6:00am On Nov 20, 2011
Star actor, Jim Iyke, has been involved in real life drama more than any other actor in Nollywood. From getting a reporter arrested to having altercations with ex-lovers, he even went physical with Olisa Adibua. Indeed, he has been in the press several times for the wrong reasons.

Last week, another dimension was added to the off-screen life of the star actor as he was dragged to court by Habiba Abubakar for alleged fraud of N15 million.

According to report, the woman claimed Jim told her to invest the N15 million in his company, Untamed Records, for a certain share percentage, but alleged that Jim diverted the money to his personal use without informing her. She allegedly petitioned the Inspector General of Police, claiming that Jim refused to refund her money and threatened to beat her up.

Jim was in court last week and pleaded not guilty to the charges brought against him. He declined to speak to the press and went on to prepare for the launch of his Untamed Mall in Abuja. Jim temporarily put the court saga behind him to open his mall for business in Abuja.

We, however, tracked him down after the event to speak on the court case. “The matter was a simple business deal that went wrong. It was a question of trying to resolve a matter we couldn’t do on our own, so we had to resort to the court,” he said.

A source, however, disclosed to Sunday Sun that the matter would be settled out of court, but Jim is unmoved by the development as he plans to make his new venture a success.

http://sunnewsonline.com/webpages/features/showbiz/2011/nov/20/showbiz-20-11-2011-001.html
Politics / What Exactly Does Sanusi Want From Us? by chamber2(m): 4:52pm On Nov 19, 2011
I have watched the Central Bank of Nigeria big boss and his experiments with great feelings. Sometimes, I get this strange feeling that he intentionally keeps trying his hands on one odd tinkering at a time, possibly not to arrive at the right destination, but perhaps to know what we would say or how we react.
And trust the Nigerian citizen – he just sighs, grumbles, mutters some resentment, or sometimes raises his voice, but at the wrong place and to the wrong person and platform and goes on living as usual.

We have not had it so easy since Sanusi came, with his clampdown on banks that led to the big fraudsters shedding tears in regret and shedding weight in detention. In this wise, Sanusi acted well to cut them to size. But the pains he left in us remain the job losses and closure of the involved banks.
Before he came, we had some little breather in employment openings in the banks, most of which recruited new hands – fresh graduates every year. As he drew his cudgel against the managers of the banks, not so careful as to spare the banks, the institutions went under with the owners. Today, we are worse off. Our economy so battered and lacerated, the sleaze among bank executives still worse than before, even the improvised managers he invented getting messier.

Like we always watch helplessly, Sanusi carries on like none, not even the system he is supposed to protect is hurt. And now another, among some other hasty ‘innovations’ is on. It is a cashless banking system that allows you no option but just get a smart card (ATM card) before you transact business. I have a feeling that even the societies we learn the cashless tradition from still leave free citizens the option of choices. The use of an ATM card is like a right of the user or bank client. The basic rule of one’s right is that the owner of rights also owns the rights to use his right or waive it. But in this set-up by Sanusi, the right to opt out is lost. We are under compulsion to transact business in banks only with ATM unless when the volume of transaction reached a certain amount. To rub it in, while we would be railroaded into this straight jacket where no options exist, even with the chequebook the same banks issued us, the ATM card is nowhere to be seen.

Four weeks ago, yours sincerely applied for an ATM card at the Gwarimpa branch in Abuja of a big old generation bank. At the point of filling the form for the card, a smart young man, or one that thinks himself too smart directed that I come the following day to pick up the card. But that following day has translated to four weeks. At the last check at the bank last Monday, the same person that promised to make the card available overnight asked when I applied for it. When supplied the information he needed, he was like saying ‘only three weeks’. The expression was so clear in his face. The next response was a flat “it is not yet ready’. When would it be ready? The young man blanked out and pretended the question was not important to deserve an answer. Probing further on why I would be barred from transacting with the cheque the bank gave me, and won’t at the same time get the ATM card as required, he simply advised me to write a cheque and go upstairs and be attended to. What again? To be attended to with a cheque less than N100,000 in value? For goodness sake what manner of inconsistency is this? He changed his position a bit by directing I go home and wait until I get an alert informing me the card is available.

What is the simple answer – that Sanusi’s CBN never made the grounds ready for a cashless banking before recalling his traditional haste to bamboozle banks into refusing our cheques without any ready alternative.

In Lagos, on Friday, October 28, I had walked into a Zenith bank to demand an ATM card. I was readily given a form to fill. That I did, and waited to be told to pick it up the following Monday. But I was totally wrong as the lady attending to me said the card would be ready in two weeks. I had to ask her to tear the form and terminate the process as I would not be in Lagos where I just visited when it would be ready.

Where the drama started was at the Utako, Abuja branch of the First Bank where I was refused withdrawal because the amount on my cheque was less than N100,000. The teller directed that I step downstairs and get an ATM card immediately. But that was a daydream. Four weeks after, the bank is yet to issue me an ATM card. As I watched in helplessness, so I saw many others in the same dilemma grumble and leave the bank helplessly. Poor victims of CBN’s narrow and mistakenly zestful policy, who would listen to them even if they scream? As I scream, am I not doing so just because I have this platform? Does that worry the all-knowing Sanusi who believes and demonstrates that he is the CBN boss because he is the most intelligent Nigerian? He exudes the arrogance in our face everyday, and we have pitiably come to live with it because his imperial majesty who snubbed us in the past even with his imperial Islamic banking rabble rousing is too big to listen to complaints.

As he champions the must-use-ATM campaign, even those who have them live with complaints everyday. And you wonder how a banking system that never managed effectively a paltry percentage of the bankers with ATM would accommodate all on the same platform. Two in every five banking transactions via the ATM end in sighs.
Before the CBN commenced this painful clampdown, no one knows the efforts it made to make sure the banks have the ATM cards to issue customers as palliative. What about the security of the system in a country where many account holders in banks have been stripped bare through ATM fraud, where power failure and other inconsistencies threaten us everyday. We are not sure of any provisions by the CBN to forestall these hardships, yet the mandate is definite that no ATM, no banking. The target is more on going cashless in banking and not the ease and the basic factors that would make it a reality and painless.
Some months ago, in places like Lagos, the rule was if you withdraw money less than N100,000 with a cheque, you pay a surcharge of N100, but not any longer. Yet, the major reason many Nigerians loathe the ATM is the fraud and inadequacies involved. Over time, these problems have neither abated nor vitiated. They remain on the rise, and alarming. We don’t hear of those concrete plans to solve them. And the remainder of the bankers who had distanced themselves from the ATM system as personal immunity against the inherent vagaries have under compulsion been exposed to it by Sanusi’s policies.

Customers had millions of complaints in the past where their accounts were debited via ATM transactions they never made. At some other times, you insert the card in the machine, punch figures and expect the money to roll out, only for it to swallow same and debit your account. As you take the complaint to the bank, they ask you to write the manager who will take one full month to answer you, just to hear what your problem is as if you were so dumb not to reflect it in the written notice. The faults and failings of the ATM system in Nigeria are just endless, and here we are landed deeper in the mess by an overbearing CBN rule just for the sake of making rules with no provisions for them to be implementable. Sanusi has not explained to us what he actually wants from Nigerians as his tenure lasts in the CBN, and we need to be told if these are all for good or to make life tougher for Nigerians in his special way.

http://sunnewsonline.com/webpages/columnists/thoughts/thoughts-nov-19-2011.html
Romance / Re: Help - Shes Killing Me by chamber2(m): 12:12pm On Nov 19, 2011
Op

Hope you are not expecting her to tell you she slept with another man? It's very obvious she did.

The relationship seems to be complicated.

I will suggest you forget about her and continue with your life. We are talking about your future wife here

She doesn't worth this headache
Romance / Re: Help - Shes Killing Me by chamber2(m): 10:40pm On Nov 18, 2011
Oh boy, i can't stop laughing at you hahahaha

This was almost exactly what i experienced between Dec and March 2011 when i traveled newly.

In my case, my lady was more matured than yours.  At the end i realised it was all my fault, i was always nagging, complaining and suspecting.

Relax your mind and concentrate. Think less of what she does in your absence and all other things shall be added unto you. I don't bother about what my woman does in my absence, i rather spend my time encouraging, advising and appreciating her. Even if she leaves, she will always remember one thing --i was nice to her and meant not harm. Call your woman and have a long chat with her. Women need to be assured and reassured that you are there for them.

Build your relationship on openness, trust and care. Make her your friend. In fact, i encourage my woman to hang out with her male friends, go to club etc. Yes i do that, not because i am foolish but because i want her to be a bit relieved of my absense. It is not easy for a woman to stay that long without companionship, and to add to it nagging.

But me dey chop my suya small small here o. Life is too short shocked

work on her and don't let your 4 yr relationship die out.
Health / Re: When Will The Nigerian Govenrment Value Human Life? by chamber2(m): 12:48pm On Nov 18, 2011
buzor:

how did this made the homepage. like anything can now males the homepage.
@op i feel your pain and frustrations but let us hope and pray that things will eventually get better

An example of the insensitive nature of Nigerians.No wonder human life have no value in Nigeria.

@op, It's not about the govt alone, we as a people have no regard for others and their predicaments. Imagine telling an accident victim that we have no beds and therefore cannot admit you without minding that he may die for not being attended to earlier.

A friend of mine was mistakenly shot by a group of cult boys when i was in school and was rushed to the hospital, the first thing the the useless and clueless nurses asked was;where is your hospital card and police report? Good a thing he didn't die. And these are supposed to be professionals, medical doctors who probably spent many useless years in school studying nothing. Life saving is the main thrust of every medical personnel but in our country the reverse becomes the case.

The same attitude is displayed when they get to positions of authority, they will hardly care about how their fellow citizens feel and live. It's really pathetic.

Sorry for this unfortunate but avoidable incident.
Education / Re: The Scam Center Called Madonna University In Pictures by chamber2(m): 7:51am On Nov 18, 2011
Real Scam

Scam!!!

Scam!!!
Politics / Re: Fg’s 7% Growth Report Questioned by chamber2(m): 4:08pm On Nov 17, 2011
^^^^

Exactly. Just surprised at the level of determination shown by you to demonstrate that the stat was cooked up.

However, what recent event(s) do we have now to support your claim that the stat was unrealistic?

Though, i share your sentiment on this issue
Politics / Re: Fg’s 7% Growth Report Questioned by chamber2(m): 3:31pm On Nov 17, 2011
Kobojunkie

why u wan resurrect this thread na
Education / Re: 62 Graduates Bag First Class In UNIBEN by chamber2(m): 3:29pm On Nov 17, 2011
All this talk about it's harder to make a first class in my school is rather unfortunate. First class in any institution requires a certain level of hard work and determination.
Education / Re: 62 Graduates Bag First Class In UNIBEN by chamber2(m): 1:24pm On Nov 17, 2011
oyb:

you know the principle of ivy league universities?

in nigeria the old federal schools are the closest we have to that

the state unis are somewhere below what are community colleges in the us

i wonder if with all this spirited defence of state unis, you'd send a ward to one of them if you had the choice of a federal institution

My point is, not everybody who attends state uni is dumb or unable to gain admission into the federal uni.Also, not everybody who attends a federal uni is smart. If that is the case, making generalisation on this issue will be defeatist.In addition, I can only describe the 9ja fed unis as being our own ivy league unis based on the quality of their research output, graduate employ-ability, inventions, contribution to community service etc. These are qualities ivy league unis are known for and not this dilly-willy fed universities. A third class graduate of an ivy league uni is capable of doing what a first class or even lecturers of most fed unis can only dream of.

Unfortunately, Nigerian universities in general have no record of what their students do after graduation. That would have, to an extent, given a tip of the relative level of smartness amongst each category. Therefore, it will be hard to determine who among federal and state uni grads is smart. After all, both graduates of the two unis struggle in the same labour market, get similar type of job and are also affected by unemployment. Unlike in the US, where the Ivy league unis dominate certain industries and occupation.

I would send my child to a federal uni, not because it's better, but because it is relatively cheaper.
Education / Re: 62 Graduates Bag First Class In UNIBEN by chamber2(m): 12:32pm On Nov 17, 2011
meonbooty:

Very dumb and incoherent statement from the so called First-class from OAU.  Stick to what you know, reading substandard Nigerian newspapers in office and playing ping pong with your not-so-smart, but uber entitled OANDO colleagues.

What exactly do you want to gain by typing this, attention??


oyb:

add to the fact that to para quote dk on the private uni thread - most state unis are bottom of the barrel institutions for those who could not make it into federal universities. the number of smart people who got fked over by jamb in those institutions will be very small.

I am sure you didn't just type this, cos if someone like you would make such adulterated statement then something must be wrong somewhere. The fact remains, any body who worked very hard in the university is most likely to graduate with the grade he/she deserves- except with minor variations. Both federal and state uni graduates undergo the same or similar selection process, unlike the private uni which is an all comers affair. So, stating that those who went to federal unis (by the reason of their connection or ability) are smarter is really very unfortunate.

People make university choices based on so many factors-proximity to home, parental and peer influence, ethnicity, course of study etc. So, if we may go by your reasoning, the practice and principle of catchment areas by federal unis means that majority of their students are dumb and thereby rely on catchment to gain admission. A case where someone from Osun state will go to Ife, Ilorin- unilorin, Oyo-UI etc

I think one of the reasons why most state universities tend to produce very low number of first class is lack of motivation, both from the lecturers, environment and maybe their fellow students. An average federal uni will have top people in politics and business visiting once in a while to give talks and thereby motivate students. These are some of the things that state uni students are lacking. Given the same condition, state universities will do as well as federal unis.
Career / Re: B.sc In Mathematics by chamber2(m): 3:17pm On Nov 16, 2011
Very insightful, tanimola22

Actually, maths is one of the best subjects any body can do in school. Some people say it's the easiest shocked It is gives one the ability to reason logically and analytically due to its systematic process of problem solving. However, i will advise against studying mathematics as a single subject especially at the postgrad level. The beauty of maths is better appreciated when combined with other disciplines/fields. This is because maths seems to be a tool for proper understanding and application of other fields of study.

Just as tanimola22 noted, it will be of high value if you could combine your knowledge of maths with courses like accounting, economics, computer sci or maybe finance. In this way you will be able to apply your knowledge of maths in solving everyday practical problems. Being in 200 level i will suggest, if you have the resources and interest, that you develop some programing or accounting skills. Leveraging on your maths skills you will do well in any of these fields.

Yours sincerely has never been a maths person (even though i studied economics at undergrad),maybe due to the nature of teachers i met during my pry and secondary school days. The much i can get in maths is a B, but not below a C. Calculus has come to be my favourite, maybe because i spent most of my time studying it during my undergrad econs courses. I am currently doing a postgrad in a different field. However, i am still working hard to improve on my maths skills before i commence my masters in econs later in my career. I wish i did more maths courses during my school days cos it actually affected my grade and performance during my university day. Even during job hunt, my average knowledge of general maths actually affected me to an extent. I could remember my first aptitude test at KPMG. I thought i would do very well at the test surprisingly, the maths aspect brought my marks down.

In a nutshell, maths is a very good course to study. Give it your best and you won't regret it. Just as tanimola22 noted, you can choose to work as a financial analyst, an actuary, programmer or even an economist. The opportunities are endless. Also, good grades matter these days. especially now that the labour market is experiencing a kind of glut. The least that is expected of you now is a 2.1. Don't join the group that will blame their lecturers or institution for their inability to graduate with a top grade or claim that those who made good grades bribed or slept with their lecturers. Use your resources and opportunities to your own advantage and do not blame any one later.

1 Like

Career / Re: Should I Take Phd Positions Or Job Offers? Need Advice by chamber2(m): 10:26pm On Nov 12, 2011
Well, it's really a tough decision to make but considering that age is not on your side (30+) i would suggest you go for the job.

Just as tanimola22 said, you can always do the Ph.D. but getting a top job these days seems to be very challenging.
Business / Re: Does Travelling Abroad Truly Guarantee A Better Future? by chamber2(m): 2:00pm On Nov 11, 2011
Okija_juju

You sef get muscle grin

What is important is that you have made your point. Whatever any other person thinks of you is inconsequential.

If i am earning 500k a month as an entry level pay what the hell am i going to a godforsaken country to do

I always tell my pals that i will soon jump into the next flight home, and they ask, what are you coming home to do? My answer, to make money of course shocked

My broda, live your life the way you consider convenient!!!
NYSC / Re: NYSC Bars Corpers From Borno And Yobe by chamber2(m): 10:25pm On Nov 10, 2011
Odunnu:

She can still go for the 3weeks orientation and fill forms that'l redeploy her to her choice location assuming you arent near

Yes, am not in the country right now. And my concern is her traveling to Jigawa for the redeployment stuff. I have checked online there seem not to be any direct flight to the state.
NYSC / Re: NYSC Bars Corpers From Borno And Yobe by chamber2(m): 10:07pm On Nov 10, 2011
Odunnu:

Wasnt your wife married when she was filling the form? Where do you stay by the way?

Not really.
NYSC / Re: NYSC Bars Corpers From Borno And Yobe by chamber2(m): 4:45pm On Nov 10, 2011
I am as confused as the FG now!

My wife has just been posted to JIGAWA state!!!

I don't know what to do.

Just confused
Business / Re: Does Travelling Abroad Truly Guarantee A Better Future? by chamber2(m): 7:13pm On Nov 09, 2011
Olalekan 0:

@Okija-juju, your right up makes no sense whatsoever!

Well, if it doesnt to you it may make lots of sense to others in similar situation. I found his story very inspiring

coogar:

okija-juju, why didn't you add to your skills whilst in canada?
if i know anyone with a bachelors degree working as a cleaner, i would slap him in the face - that is so wrong.

the knowledge base is already there. what's left is to combine that degree with a recognised certification and you would be balling.
if you have added ordinary project management certification or acca to your degree, you wouldn't be cleaning toilet bowls for oyibo people.
don't travel abroad thinking a ghanaian or nigerian certificate would get you somewhere - they don't recognise those. increase the skills and you are guaranteed a good job. contract jobs too paying as much as £300-£600 per day.

I think he has a masters degree too. He once said something like that.
Career / Re: Finance And Economics, Which Is Better? by chamber2(m): 9:29pm On Nov 06, 2011
violent

I couldn't have said it better.

Most of our problems stem from Inferiority complex.

abioila:

May be i should let you guys know the full story.i have already spent two years at LASU studying economics still on a first but a very weak one(4.56) with two more sessions to go i doubt i will be able to finish with a 1st coupled with the fact that our lecturers are raw saddist.imagine them swearing that no other student will make a first after a lady 'mistakenly' graduated with a first last session.i never wanted to go to LASU but unfortnately found my self there due to my mum's fear of me staying at home after sec. sch.i gained admission immediately after sec. sch even b4 my final exams.i wrote ume again in my first year but had LASU exams on the day of PUME.I decided to stay but the conditions of learning from wack lecturers,strikes,very poor infastructure to even 'touts' and married women as course mates(although there are few very good ones).i even hate the fact that when i tell people i attend LASU they ask my WHY or they change the look on their faces,lyk what are u doing there.All this factors frustrates me and i cant deny the fact that it has affected my performance as i no longer read 4 exams.i wrote UME again in my 2nd year,applied 4 econs at UNILAG,i even had the highest aggregate  score in the PUME but due to corruption i found my name on the finance supplementary list.i feel,if i go to UNILAG,make a first class,finish my ICAN in say 200lvl then add ACCA  or anoda prof course before i grad it will make up for the 2yrs av lost.btw am 18 and i intend doing my masters before i work.more comments pls.

Most of us faced similar or greater problems during our undergrad. Put yourself together and make good use of your opportunities. Violet has just corroborated my initial comment.

1 Like

Career / Re: Finance And Economics, Which Is Better? by chamber2(m): 5:44pm On Nov 06, 2011
tanimola22

You were never misunderstood. I was only trying to make a few clarifications to enable @op make a more informed decision. I am not a graduate of any of the universities mentioned. You and i also arrived at the same conclusion, which is to study finance in Unilag.
Career / Re: Finance And Economics, Which Is Better? by chamber2(m): 1:33pm On Nov 06, 2011
tanimola22:

The main issue here is choosing between the two schools--UNILAG and LASU. I suspect your dad's judgement is based on things that happened in the 70`s and early 80´s. The truth of the matter is that, a Theology graduate from Harvard or Cambridge with just some experience  in Economics and/or Finance can become the Minister of Finance in a place like Nigeria, while an Economics graduate from a lower ranked school will not  even smell the position. Go and read Agangan's biography and you would understand what I am saying. 

Like I earlier said, you can still become an Economist if you so desire. All you need to do is pursue a master's degree and then a PhD after your first degree. You are not at any disadvantage if you did not study Economics at undergraduate level. Just make sure you try to take micro and macro courses offered in your school's Econs dept and you will be fine.

If you go and study Economics at LASU because you want to be versatile, then I tell you, you will not have any edge over someone that studied Finance or Accounting or Business admin at UNILAG. In fact, you may be at a disadvantage when it comes to getting a graduate job while in your final year. As i told you, UNILAG is a target institution for so many top companies in Nigeria.

In life, what you should be looking at is whether the advantages of doing something exceed the disadvantages. If the advantages exceed  the disadvantages, then a rational agent should key into such opportunity.

Respectfully tell your dad that studying Economics at undergraduate level does not necessarily make a person versatile. A person's versatility reposes on the person's ability to painstakingly improve, develop, nurture himself.

To conclude, I strongly advise you to jump at the offer from UNILAG. Don't forget, a myriad of your colleagues, mates and even egbons are looking for the same opportunity you have. Don't waste it OOOOOOOOOOOO.

Why it may be true that a Harvard graduate may have an edge in being nominated for the post of a minister of finance it is not completely the case in Nigeria.It may be the case in Europe or Us, but not necessarily the case in Nigeria. To become a minister in Nigeria requires more than attending an elite university. Your ethnicity, social contact, political affiliation, luck, bribery and so many other factors determine your being nominated for such positions.

In the current Nigerian political terrain, aside a few individuals, others never attended elite universities. People like Sanusi of the CBN never went to an elite institution. But his contacts, personality, brilliance and maybe ethnicity saw him through. I am not advocating that you shouldn't go to an elite institution. Try your best to attend one if you have the means, but if you don't, your future is not ruined in any way.

Also, if your main intention of going to Unilag is to enable ''top'' recruiters to employ you after graduation then your intention is a misplaced one. Again, getting a good job, especially in Nigeria, requires more than going to Unilag or any other institution. Your contact, luck and God plays an important role. Nigeria has not yet advanced to the elitist status of the UK and Us where the university one attends tend to affect or influence ones career prospects. Also, if you are so confident that you would graduate with a first class, together with your Ican, I am sure securing a good job would be least of your problems. The first class on its own will open lots of opportunities.

Let me quickly add that Lasu is not a bad school and Unilag is not a miracle centre either. The university is what you make of it. Use your time and resources at the university to your advantage. A Unilag grad has no noticeable edge over a Lasu grad, except maybe in their wide array of alumni network. So, if what you want is the glamour of being a Unilag grad then go for it. But if what you want is knowledge then any Nigerian University can suffice. What you need do is to develop yourself while in the university. Take a few professional programs alongside your degree program.

Economics and Finance complement each other. None is better than the other.Finance is an offshoot of mainstream Economics and therefore, provide opportunities for those who want to specialise. Having a finance degree, as pointed out already, does not restrict you from becoming an economist. What you need is a postgrad degree in Economics, maybe up to the Ph.D level. Economics truly gives a certain level of versatility at the undergrad level. A finance graduate may not be comfortable working with advanced mathematical models at the graduate level, while an economics grad can comfortably or averagely handle that. This is because undergraduate econs students take courses in mathematical economics twice or so in the course of their program. This cannot be said of a finance grad.

Yes, macro and Micro are the major components of an undergraduate econs program, but your ability to understand and apply the knowledge gained from such courses will require a good knowledge of Mathematics. That is why Engineering, maths, stat and physics graduates  do very well at graduate level Econs programs, even better than those who read econs. So, it may be a difficult journey moving from finance to econs, but not an impossible one. It all depends on your abilities.

In summary and without disregard to any institution, i will suggest or advise you go for the Finance program in Unilag since you are already an Ican student. The finance program will give you a better career blend than Econs. But while taking your finance courses try and take some courses in mathematical economics. I am sure Unilag may provide such flexibility.

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