donugapi:

In a way, i think Nigeria can benefit from this in the long run if things go our way. A[b]t least this will teach the leaders a lesson to learn not to make the oil industry our only source of income[/b]. If they think well (which i doubt) and I hope they do, diversifying the economy would be better for us and in the event that oil prices pick up again, it could be a win-win situation for us. God dey sha.

The leaders? What happened to your hands? can't you put your own effort and diversify our economy? Adenuga, Dangote, ekene dili chuku etc didn't wait for the govt to set the pace before they made their own mark. Your destiny is in your hands and not in the hands of yaradua.

shango:

DeepZone is a joker. Tricklle down economics has been proven to FAIL as witnessed by a world wide economic recession

You free market believers are disgusting. Even when hard cold reality shows your theories to be false you cling on to them like nothing else matters.

The Financial markets where the most unregulated markets of the last fifty years. Mortgage backed securities where sold and bought and prepackaged with zero regulation. The financial market of the last 15 years was a free marketers wet dream. And what happened after the unregulated market peaked and the participants made billions? THE GLOBAL ECONOMY WENT INTO FREEFALL. And during this freefall are you seeing money trickle down to you? Are you seeing inflation skyrocket and the common mans salary stay stagnant and its dollar value worth less and less while price of services and commodities skyrocket?

Can you honestly still say with a straight face free market and trickle down economics WORKS? Anyone who still says that after all that has happened is on crack.

People that steal money and spend it on awarded contracts just pass their money on to other rich people. PLEASE let us not pretent that billions stolen or acquired in the free market or in government corruption finds its way down, if that was the case Nigeria would be the place to make a living as its government officials are masters of money hoarding.

Its only lazy mediocres that do not believe in free market. Wake up from the Obama slumber because that will never work. I bet ya.

Abagworo:

@deepzone.i wonder where you got information about obj's accountability.As for me,i will forever stand for the truth that Abacha remains the most economically and infrastructurally successful president we ever had.oil prices hovered between $11 and $9 dollars during his regime and yet he had the ptf,left the naira stable,stopped 419 and left foreign reserve of up to 8 billion dollars.compare with obasanjos and give your frank result.

Abacha stopped 419? Are you kidding me?. How much did Obasanjo leave as foreign reserves compared to Abacha?. The only good think that tyrant called Abacha did was to clean our financial institutions a little bit but Obasanjo was the guy that brought the merger issue into play which solidified our financial institutions the more. Nigerians enjoy GSM today and the thousands of jobs that come with it is because of Obasanjo. Our external debt was balanced to 0000 before he left office. He also cleaned the oil industry and stopped bunkering and all the ish with it. What else can this man do for you?. The only thing he got back from Nigerians is criticism and Nigerians are so lame that they even criticized him when he lost his wife. What a bunch of pathetic people.

Jesus wept.

It's true and that is why you cannot arrest those mallams that do it.

I hear say TOH and Morenike dey stuff juju for their cleveage. Na why I'm come look like them get heavy babylons when na just juju them dey stuff for bra.

Roflmaopimp


_{I can vouch for morenike, she is innocent of all juju charges, I swear to God.}

Why wont they be rejected?

When they are quarter-baked by a shambolic glorified institution!

They are not rejected everywhere o. Central bank of Ekiti, Odo Ado employs them in hundreds.

_{The bank will soon go under sha}.

yemmyse:

Deepzone

C what u ve caused. See the aspersion being cast on my beuatiful sisters. Am going to get u for this. And when i do there would be no mercy for you (lol).

Na today?

Gamine:

Some people can be so unrealistic

we need to define somethings sef

Who is a Child, in this context?

What is Child abuse?

What is Hawking?

A child is any human being under 15. The Nigerian constitution allows marriage from 12 and above but you and I know they are still children.

A lot of things constitute to child abuse ranging from hawking to physical abuse. Do you know how many little girls that are abused sexually by agberos because they hawk oranges?. Do you know how many that have been raped by these sons of Cain?. And when they complain to their mothers, they do nothing about it because they want extra pay from the vending business. It's not hawking alone that should be banned. mothers that use their under aged daughters to facilitate their beer parlor business should go to jail. I hope the likes of Gbenga Daniel should emulate this instead of wasting his energy on harassing Iyabo Obasanjo. Go Fashola!.

Seun:

I'm not arguing, I'm just alluding to the law of conservation of income.
If money is no longer coming in from hawking, it must come from somewhere else.
Let me put it this way: banning Garri will not lead to a balanced diet unless free meat is provided.

Parents should step up the plate and take care of their business. hawking by children is child labor and should be banned in its entirety. If not for the fact that Nigeria has no welfare structure, the banning should not be limited to school hours alone. Children should not be allowed to be vendors period.

What is so sad? Your miserable life?

cmatrix:

DeepZone I am quite amazed at your rational (Trickle down economics) - do you seriously believe in that garbage as a Nigerian? If you are one of those people benefiting from government contracts, please just say so; this way we'll know where you are coming from. Nothing trickles down in Nigeria, except abject poverty - 5th or 6th largest oil producing country in the world, with nothing to show for it. Just look at our communities, infrastructure, schools, etc, it is quite shameful! None of this compares to other oil producing countries, not even Venezuela, I might add. Most of our officials today are in the office for one reason only - get rich! They don't love this great country of ours, and are hardly patriotic. If you love something you take good care of it, not loot and run it down.

Every single Nigerian has benefited one way or the other from our oil money. I believe in true capitalism and not your obama style socialism that will soon freeze hell over. It's true that majority of our oil revenue entered wrong pockets but there was more accountability under Obasanjo . Today, Nigerian economy is not only booming but the safest in the world, thanks to baba Sege. If you don't believe that wealth trickles down, then I cannot help you because you are either a communist or a an eskimo.

Peg the oil @$70 per barrell and 4play is asking for lower price. It's a pity that our infrastructures and industries are in still coma yet the only source of revenue that will enable creditors lend us more money is going down the drain and some Nigerians are here rejoicing and laughing with their treacherous mouth. What are we going to do if the oil money is no more?. We are not yet prepared to market technology, businesses are not strong yet etc and we need at least more ten years to put our acts together. Jinxing Nigeria is the worst thing you can do now and it's a pity the abuses are coming from educated run away citizens like 4play,Grafikdon and Debosky who live as aliens in their adopted nations. I can bet you guys that their university education in Nigeria was subsidized with the same oil money they don't want anymore meaning that the younger generation of Nigerians yet to obtain university training will not be able to reap the benefits they enjoyed during their college days in Nigeria because oil should be pegged at $25/barrel. Selfishness if you ask me.

babs787:

@Deepzone



By being a Muslim because he is also a muslim and never heard the word 'christian' nor was he a 'christian'.

Christians means followers of Christ simple. The bible refers to born again christians as believers and you know that only that the stubborn spirit inherent in most of you will advise you to argue other than listen, believe and accept the real word of God. Nobody can get to God through any other means other than Jesus. You've been warned and do not let this response be a witness before you on judgment day.

Allah said that He sent the prophets and Messengers with the same message, so how could Jesus' case be different. They are all Muslims.

If it was the same message, why didn't He send one?. Do you believe that every prophet is of God?

Rapture ke, Descend from the sky

I pray the flakes covering your eyes shall open very soon before it's too late.

Read about Jesus here

Those who say that the Messiah, son of Maryam, is the third of three are disbelievers. There is no god but One God. (The Holy Qur'an, Chapter 5, Verse 73)

There is not one of the People of the Book who will not believe in him before he dies; and on the Day of Resurrection he [Jesus] will be a witness against them. (Qur'an, 4:159)

This can only be possible with the return to Earth of Jesus and all the People of the Book having faith in him during this second life. That is in fact the promise in the hadiths.

He [Jesus] is a Sign of the Hour. Have no doubt about it. But follow me. This is a straight path. (Qur'an, 43:61)

In his commentary, Elmalili Muhammad Hamdi Yazir writes that:

No doubt he [Jesus] is a sign of the Hour, one that declares that the Hour will come, that the dead will be resurrected and stand up, because the miracle of Jesus' second coming and his miracle of resurrecting the dead, together with his revelation that the dead will rise, prove that the Day of Judgment is real. According to the hadiths, his arrival is a sign of the Last Day. (Elmalili Muhammad Hamdi Yazir, Kuran-i Kerim Tefsiri (Qur'an Tafsir); www.kuranikerim.com/telmalili/zuhruf.htm)


https://www.nairaland.com/nigeria/topic-41732.0.html

and

http://www.muslimbridges.org/content/view/1079/72/


Abu Hurairah (ra) narrated that Allah's Messenger, peace be upon him, said, "By the One in Whose hand is my self, definitely the son of Maryam will soon descend among you as a just judge, and he will break the cross, kill the pig and abolish the jizyah, and wealth will be so abundant that no one will accept it, until a single prostration will be better than the world and everything in it. (Sahih al-Bukhari)

Jabir ibn 'Abdullah said, "I heard the Prophet, may Allah bless him and grant him peace, saying, 'A party of my ummah will never stop fighting for the truth victoriously until the Day of Rising.' He said, 'Then 'Isa ibn Maryam, peace be upon him, will descend and their amir will say, "Come and lead us in prayer," but he will say, "No! some of you are amirs over others," as Allah's showing honour to this ummah.'" (Sahih Muslim)

Abu Hurairah (ra) narrated, "The Prophet, peace be upon him, said: 'There is no prophet between me and him, that is, 'Isa, peace be upon him. He will descend (to the earth). When you see him, recognise him: a man of medium height, reddish fair, wearing two light yellow garments, looking as if drops were falling down from his head though it will not be wet[/b]. [b]He will fight the people for the cause of Islam. He will break the cross, kill the pig, and abolish the jizyah. Allah will cause to perish all religions except Islam. He will destroy the Dajjal and will live on the earth for forty years and then he will die. The Muslims will pray over him.[color=#990000][/color]'" (Abu Dawud)

Quran 4 v 157- 158:

And (on account of) their saying, "We killed the Messiah, 'Isa son of Maryam, Messenger of Allah." They did not kill him and they did not crucify him but it was made to seem so to them. Those who argue about him are in doubt about it. They have no real knowledge of it, just conjecture. But they certainly did not kill him. Allah raised him up to Himself. Allah is Almighty, All-Wise.

Again, you are defining Jesus from the islamic perspective culled from the quran. How can a republican politician define and explain a democratic candidate to the people without misrepresenting him?

babs787:

@Deepzone

Jesus is not for you unless you are a muslim. Jesus is a muslim as well as other prophets:

"And whoever follows a religion other than Islam, it will not be accepted from him, and he will be one of the losers in the hereafter." Sura Aal Imran (3:85

The passage above can only be found in the quran. A book written for Moslems by Islamic scholars. What made you think that they wouldn't chip in that passage in order to scare people into islam?. I do not believe that any truth can be found in Quran since the concept was flawed from the beginning, so why should I believe that passage above?. Christ died so that you can have life and have it abundantly. Believe.

Did Jesus die let alone resurecting? Jesus did not die hence the reason for his second coming.

If Jesus did not die, what happened to Him and why did He come?. Do you also believe that Jesus ascended live into heaven?

lol without condoms? u dey funny. Even if he use condom sef what difference would it make since the whole congregation is cheaper than ashawo

May be the congregation will get back to their senses while he is still opening the condom pack.

trickle down economics of deep zone and Sarah Palin

Thank God gas is approaching $1.60 in my neigbourhood
I can at least heat my home without crying

I am waiting to see the expression on your face when your relations at home shed blood from poverty associated with this oil prices. It's only the northerners that should be rejoicing because they are the least dependent on oil and the good life associated with it apart from their leaders. They can easily switch back to nomadic life style among their herds but what will Yorubas and Igbos that love driving maybachs, BMW's and Hummers do?

1. They will not have to worry about some genocide apologist ''wiping out" towns in the name of oil.

2. There will be no more free money (60 Million monthly) going to some indolent 'religious' zealot ruler in Sokoto. . . etc (more money for infrastructural development)

3. Income tax will be revamped and this is probably the BEST thing that could happen to Naija. . . why? Because Nigerians are notorious for crying foul only when tragedy hits their doorstep. Heads will roll (literally) when any imbecilic Governor decides to buy Mansions in Brooklyn with tax money. That sort of outrageous theft will have a direct impact on the masses, and their reaction. . . ? See the middle of No.3.

4. With reference to No. 3, The president and his band of 36 thieves will be put out of business since only those who want to make a difference, and keep their heads on their shoulders (literally) would be interested in running for public office.

5. Nigerians (People and government) will snap out of their oil induced indolence and put their unmatchable natural and human resources to good use.

ETC. . . ETC

After independence, we started WALKING towards the road to PERDITION, taking one step forward and a million backwards. Along came the oil doom and we all jumped into a train that has continued till date to take us to that abominable garden of retrogression/disintegration. Now the abominable train is about to run out of gas. . . I can only say ALLALUJAHHHH. . . I hope it continues until we wake up and elevate our country where it should've 30 years ago,

Abeg Olumba Olumba people in the house, we need celebrate this wonderful development as we gyrate and bubble in Da Good Lord, African Style. . . Grin Grin

Talk is cheap. It's always easier in theory. check out the response by Diggler below:

If this oil price does not rebound, wahala don dey

because even if oil na $2 /bbl, chopins must dey for Abuja and the various state capitals.

this time the standard excuse for failure to deliver on campaign promises will be; una no see say oil price don fall

the only upside is that fuel prices should be brought down.
Nigerians be who we are, will other prices esp. food follow suit.

God na for ya hand we dey

Such reasoning is disturbing to say the least. Shows you don't know much about economics!!!

I ask you again to break down this economics you are making so much noise about since you are Mr Soludo.

I think Yar'Adua had set the budget for 2009 using £67/barrell as a benchmark, so this is bad news.

He should revise the budget. I think OPEC nations should come together and reduce oil production by at least 50% to push of the price otherwise it will be falling lower and lower everyday until the West recuperates from bad economy.

You and I know that most wealthy Nigerian's don't spend money in Nigeria.

Eudcation: abroad, most buy cars shipped from abroad, clothes abroad, bank account abroad, even lace for party abroad, at what point does it trickle down? The ones that may get a share of the wealth are those in the restaurant industry. When was the last time you went to Nigeria, if you don't mind me asking ?

From bogous contracts, high level spending because they live in the country etc.

What was preached during American election is nothing but rhetoric. To hold that as fact will be very disturbing. Economics is much more complicated that the "trickle down effect" preached during the election which was said to make thing SIMPLE to the common man who has no understanding of such,

Where is the complication? Break it down please, Mr Soludo?.

Truth is whether the rich steal money or not, they must spend it, contracts must be awarded and the money will eventually trickle down to the common man and market woman.

Benu soun

Maybe when they realize that there's more to life than their oil, they'll do something.

Where's my 75cents/gallon gas jo!

Who is they? Don't complain when schools start closing down in Ekiti because of lack of funds. Bad belle people.

How can you sacrifice your brothers and sisters to help foreigners have a better life?

d guy is a trillonaire my sister,I'm so surprised osisi does not know about him,we dey even hear of am here sef,his generation even to yet unborn will never suffer

wt d pretty girls he uses for his "delta soup" advert Kiss Kiss Kiss the wife is another beauty,even bianca ojukwu can't stand her,d man is blessed ojare

How will Osisi know him when she only notice men with big yansh like RMD. .

I think it is almost down to that and I hope it goes down to $0.50. Perhaps the loudmouth retrogressive countries out there will wake up.

Imagine your relations in Nigeria and what will be their fate if your prayer is answered? Stop cursing us abeg.

Fash is the man. I hope the almajiri states will learn.

No Shaking!! what goes around comes around!Thank God say we no wack all the 'excess crude" money finish when oil be $140 per barrel!!

Obasanjo saved immensely for the rainy days but it seems that Yaradua has blown our savings.

This is bogus news!!!!

Doesn't make sense to any good economist.

How can oil affect Nigeria's economy when most of the profits earned, only goes to the pockets of specific individuals who move the money overseas!!!

Such resources have never really affected Nigeria's economy. STOP WESTERN UNIONs/ MONEY GRAMS and see what will happen to the economy ? (psseeew)

Not at all. Didn't you notice that the Nigerian economy improved immensely since the oil prices went high?. No matter how you steal the money, it will still trickle down to the common man. That is what John McCain was preaching to Americans but the Obama socialists will not listen. The high gas prices in America punished my pocket but whenever I remember that it's a sacrifice for my brothers and sisters in Nigeria, I take heart.

I can't believe that Nigerians living abroad are praying for the downfall of their nation.

@Seun: we should ban unpatriotic Nigerians here. Osis, Karmamod and Grafikdon surprise me.

Majek Fashek: Back home for good?

By Ayeni Adekunle

Embattled reggae genius Majek Fashek is in the country. Okay, so you know already. But, did you know that the gifted music-maker will be in town till next year?



Majek Fashek


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He arrived the country on September 27, aboard KLM; and, in what appears to be his longest stay here since relocating to the US nearly a decade ago, Majek is staying put in Nigeria, shuttling between Benin, in Edo State, and Lagos as his managers put finishing touches to an upcoming eight-city tour that'll precede the release of his new album.

''He'll be here for three months,'' Charles Novia, CEO of November records told e- Punch on Wednesday.

"His new management EJ&Associates is putting a multi-city tour together, after which we will release his new album. The album will either be titled Water nor get enemy or Suffer not little children''.

Majek's last trip to the country was a disaster - he arrived the country in 2006 looking drunk, worn and aged; and he later gave a woeful performance at the debut edition of the THISDAY music festival. Although when he spoke to journalists later, it appeared he still had a sound mind, and he often waxed philosophical, many were scared on his behalf. He confessed he was addicted to booze, and that the psychological trauma of losing his mom was too much for him to bear.

Now, Majek is back, determined to re-work his way into the good books of Nigerians; determined to give his once successful career one more shot. And, thankfully, he still has loyal enthusiast, Novia beside him.

"He's even-tually going to come back here. He's still testing the ground. If the tour works out and we release the album, he's considering coming here to do a Pangolo night at least once every month,'' Novia, who's working on a Majek biographical Film told e-Punch.

Presently, the musician is believed to be staying in Abacha Estate, in Ikoyi, where he's working with his managers and select promoters to make the tour a success.

http://odili.net/news/source/2008/nov/21/416.html

Nigeria's economy under threat as oil falls below $50 a barrel

By Ayo Olesin, Sola Adebayo and Clara Nwachukwu with agency reports

Oil prices, on Thursday, fell below the $50 per barrel mark for the first time in three and a half years, as fears of a global recession and weakening demand triggered huge sell offs in New York and London.




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Newswires reported that United States light sweet crude for December deliveries fell to $49.75 on the New York Mercantile Exchange, while the Brent crude, equivalent to Nigeria's Bonny Light, fell to $48.90 a barrel on the International Petroleum Exchange in London, the lowest since May 2005 and about 70 per cent lower than July's record price of $147.

Energy industry experts said on Thursday, that this was not good news for Nigeria, as the sharp decline in oil prices raised the possibility of a serious deficit in the 2009 Federal Government budget, which is based on a revised $45 per barrel benchmark, down from $69 earlier projected.

The losses in the international market were compounded by an indefinite shut down of 90,000 barrel per day of exports from Chevron's Escravos terminal due to an attack by militants on a major crude supply pipeline in Delta State.

There were also reports that the Warri refinery had been hit by technical problems, which had resulted in the stoppage of production of refined products, raising the possibility of domestic fuel shortage this Christmas

Chevron, which declared a force majeure on Thursday, said it had mobilised to repair the pipeline but it was premature to estimate when the work would be completed.

Industry analysts suggested that the oil price slide might force another downward review of the 2009 budget projections, while capital-intensive infrastructure projects, including gas and power projects might suffer.

There were also fears that sliding oil prices might constitute a disincentive for needed investments in further exploration activities by oil and gas majors.

Members of the Organisation of Petroleum Exporting Countries are scheduled to meet on November 29, after opting to cut output by 1.5 million barrels per day.

The Managing Director, International Energy Services, Dr. Diran Fawibe, said that Nigeria was at risk of a deficit budget if oil prices continued to slide.

Apart from loss of revenue, he said many aspects of the economy would be affected, particularly the 2009 budget, which benchmark was on Wednesday, finally reduced to $45/bbl below previous estimation of $69/bbl by the Federal Executive Council.

He said, "If the slide continues, it means revenue targets will not be achieved, and if government sticks to the $45/bbl benchmark, government will have to run a deficit budget, which is not good for the economy.

"This will affect the capital budget, as government would have to rely on recurrent budget, which is even worse for us because capital budget will have a spiral effect on the economy. If the capital budget suffers, it means development will also suffer, especially infrastructure."

Fawibe also pointed out that the continued depression of the market could limit countries' capacity to borrow. For Nigeria, which recently adopted the alternative funding measure, it would be more difficult for oil companies to borrow to execute oil projects.

He argued that even if the oil price remained at par with the budget benchmark, there would still be negative impact on the excess crude revenue, and states would not have funds for their own developmental projects.

Besides, he added, the cash call for the Joint Ventures would be affected because of poor funding due to dwindling revenue generation.

He, however, said the situation could improve, "Although it appears the market is more turbulent than most people predicted, I think it would soon fizzle out. Just like oil price above $147/barrel was not sustainable in the long term, so also prices below $50/bbl might also not be sustainable in the long run.

"What is left is to find an equilibrium, which is where OPEC comes in. Under the circumstances, it is certain OPEC will cut output to shore up prices. Maybe, not to get price up to $100/bbl, but something between $50 and $55/bbl."

Also painting a gloomy picture, the Managing Director, Platform Petroleum, Mr. Austin Avuru, noted that the Federal Government might have to review the benchmark for the 2009 budget even lower.

He said oil price below $50 was a very big problem for producing and consuming nations, especially for Nigeria, which economy was dependent on oil revenues.

"We have a big crisis with so much of our production shut down. This is a very big problem because nobody projected oil at anything below $60/bbl this year, not the producers and even not the consumers.

"Under the circumstances, only OPEC can salvage the situation using their machinery of trimming output. So it was a good thing that the clamour for Nigeria to pull out of the group because of quota issues did not work out, because we would have been in a worse situation now."


http://odili.net/news/source/2008/nov/21/419.html

Friday, November 21, 2008
Lagos bans hawking by children during school hours

By Kemi Obasola

The Lagos State Government on Thursday said street hawking during school hours would no longer be tolerated in the state.




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The Commissioner for Women Affairs and Poverty Alleviation, Mrs. Adejoke Orelope-Adefulire, said this was the only way to ensure that children of school age are regular and punctual at school during lesson hours.

According to her, the state would henceforth begin to sensitise parents on the need to send their children to school, while law enforcement agents would also be sensitised to arrest errant parents in order to prosecute them to serve as a deterrent to others.

She said, "Education and proper upbringing of our children is the only way to eradicate poverty. The law forbids the use of under-aged children for domestic labour, negligence and maltreatment on the part of parents and guardians as it negates the tenets of the Child Rights law.

"The Lagos State Government through the various agencies of government will ensure the survival, development and protection of all the children in the state, the laws will be enforced to the letter in order to ensure that all the rights of our children are protected."

Orelope-Adefulire, who decried the high rate of child sexual abuse in the country, noted that the problem though universal, had become alarming.

She said, "Therefore, increased attention, efficient protection skills and preventive measures are necessary at family, local, national and international levels.

"My ministry collaborates with the National Agency for the Prohibition of Traffic in Persons and Other Related Matters on issues bordering on women and child trafficking.

"The ministry has embarked on the construction of a shelter for trafficked women and children at Ayobo.

"After a long period of silence, child sexual abuse is being more denounced and becoming a public and political issue."

The commissioner noted that her ministry had decided to produce a simplified version of the Child Rights Law 'so that no one tramples on these rights."

In a related development, the Permanent Secretary in the ministry, Mrs. Risikat Akiode, has said the ministry is ready to prosecute anyone who abused the fundamental rights of children.

Akiode said awareness would be created among children in the state on their rights. "We will educate them to say no to child sexual abuse and where their rights are being abused, to know the appropriate channel to seek redress," she said.

She said it was a pity that many children who had been sexually abused were dying in silence because of the social stigma attached to survivors of the illicit act.

http://odili.net/news/source/2008/nov/21/407.html