What happens to public investment in electricity? A hint from far away…

I have gone on and on recently about the need for a proper electricity pricing system to open the doors to private investment in electricity. But what about public investment? Besides the fact that the government doesn’t have nearly enough money to fix the electricity problem, what happens to the little they spend?

This article sums it up nicely.

Bottom line: the government probably isn’t going to give you constant electricity anytime soon.

Filed under: Interesting Links, News Stories, Electricity, Nigeria, public investment

Econ 101: What is wrong with this?

Stumbled accross this today,

” Do you have an unlocked Android device that you no longer need? If you’re coming to Google I/O, you can make a world of difference by donating it to Android for Good.

Android for Good evolved from a program at Google started by one passionate engineer with an idea to help the developing world through technology. A small team collected Android devices from Googlers around the world and organized their donation to groups including Grameem’s AppLab Community Knowledge Worker Initiative in Uganda, Save the Elephants in Kenya, V-Day in the Democratic Republic of Congo, VillageReach in Mozambique, VetAid in Tanzania & Kenya, and UNHCR in Central Africa.

This year, we want to make it easy for everyone at Google I/O to get involved as well. We know you like to keep up to speed with the latest and greatest technology, so you may have an older Android device you don’t need anymore. If that device is unlocked (such as the T-Mobile G1, Nexus One, or Nexus S) and in good working condition, bring it along to Google I/O and drop it off at the Android for Good booth, located on the third floor of Moscone Center. Although it might seem old to you, that device could mean a new beginning when placed in the right hands. “

So think about it. What is wrong with this?

Click through for the original post.

Android for Good at Google I/O 2011

Filed under: Interesting Links

What Econometrics tells us about the World Cup

Yes I know and NO I’m not trying to ruin your fun by somehow talking about Econometrics and the World Cup at the same time but I came across this interesting report by some guys who obviously love running regressions at PWC. They ran some regression to figure out what factors correlate with good world cup performance in general.

To start off with Brazil are favorites ( like we didn’t know that already) but some of the other results are a bit more interesting. First things first home advantage does count, Go South Africa. Richer countries don’t necessarily have a better chance than poor countries and population size doesn’t make a significant difference either. So what really matters? Football Traditions…..

I did not find the exact paper but you can read the article here.

Filed under: Interesting Links, Econometrics, Economics, Football, World Cup

Petroleum Industry Bill-Draft

I finally got my hands on a DRAFT copy of the Petroleum industry bill. It seems pretty authentic as I got it from the NNPC website. It is about 200 pages long so I have not read it yet but I will soon. If you are interested in reading it you can get it from the link below.

Petroleum Industry Bill

Filed under: Interesting Links, Crude Oil, Economics, FG, Law, Niger Delta, Nigeria, Petroleum

Interesting explanation of banking crises

I came across this article on Banking Crises and thought it very interesting and worth sharing.

Economic theory and the financial crisis

Filed under: Interesting Links, Banks, Crisis, Economics, Nigeria

Above the law

It appears some people are really above the law. The can’t be arrested for corruption, can’t be arrested for taking a none performing loan (is that really a criminal offense?) and their property can’t even be touched in the event they took a none performing loan. I guess the laws are different for everybody.

Ex-Gov Odili gets court’s relief on N189m loan, assets

Filed under: Interesting Links, Banks, Crisis, EFCC, Justice, Nigeria, Odili