barcanista:
Thank you for this piece. My Noble Doc

You're welcome sir.

Thread is still on....so here is my comment so to speak.


It does not matter who is in charge...or how much we save....dutch diseased economies always create more problems than one can imagine.


What we should be doing is forgetting that we are a rich country...(we are not)...and focusing on technical education and removing the fuel subsidy to spend the money on industrial development....and public transport.


Oil is a curse.

P.S..

The revenue it generates when prices are high tends to cause “Dutch-Diseases”, high oil revenue raises exchange rates, promotes an adverse balance of payments when prices fall, reduce the incentive to risk investment in non-oil sectors like agriculture and manufacturing. Just one example is Nigeria, which, since initiating the export of oil has seen its agricultural sector collapsing and now it is entirely dependent on imported food.

From Dutch Disease and Nigeria Oil Economy by JI Otaha

donnypool:


BRO i stand on a neutral ground. if APC pick fashola or amechi as their number 1 candidate, i will 100% support them regardless the party they are from. but buhari is a complete no for many people.

back to the topic.
so you mean i can say your family is bad by comparing the success of your dad and you? it doesn't make sense.
enlighten the general public on why APC is the best party.
start uplifting APC rather than telling them former PDP did better than present. i can interpret that as (GEJ is bad, but PDP is still better)
tell them PDP is not the party we seek.

what i see on this thread is GEJ bashing but PDP upliftment.

This is PDP VS APC.

More like saying I am bad by comparing the success of my Dad and Mum, meanwhile ignoring all the factors,context and challenges surrounding the 3 of us. #Clueless

brito:




barcanists. do you know that gej regime is all encompassing . upon GMB treasonable statements in 2011, when he was supposed to be arrested and jailed, he was left walking about with high shoulders, can buhari tolerate same?buhari is just a wicked man who owes Nigeria many apology, he has no moral bases to rule Nigeria. bring a better candidate then we will listen, for now it's gej till 2019.

You were just hitting nails into their concrete heads!!!

omenka:
Very typical, just like your lord; hound a man for exposing corruption.

Whenever I think about Jonathan and the manner in which he manages the country's wealth, all I remember are Amanpour's words in the interview she had with him when he attended a meeting of the World Economic Forum in Davos.

Below was her question:



And Jonathan's awesome reply was:



People around the president know deep down he should have absolutely no business whatsoever with leadership.

Sup bro. I might not particularly be a fan of Uncle Jo, but I see nothing wrong with that particular answer.

This bunkering stuff is akin to drugs, and not something one can easily defeat - especially in these climes. And once there is DEMAND, some form of supply will most certainly arise to meet it.


How has the US and co historically fared in their drug war?

I believe his point was about tackling this from the demand-side too. The same way there are ivory laws in lots of countries.

Furthermore, even if Jo has honest intentions, how about the lieutenants he appoints? These guys want to become billionaires. And the law-enforcement agents at the bottom of the food-chain stand no chance in hell of doing anything either.

For everyone in the chain, its really either: "Silver or Lead?" (apologies to the Pablo Escobar).

fhunn:



SH'IT!!!




Oh! I forgot you think with your as's, wouldn't have replied. My bad.

u just did twice. No need to measure ur stupidity: it's glaring!

Demdem:


Fool, did u just called ur papa an ofenmanu?

i shouldn't have quoted u.

I have been following different threads since I joined naira land. I never commented till now. I found out that part of the rules discourages insults/ abusive words. But I read it every time. Is it that this forum is only for youths who are exuberant? but the topics are always matured and informative. So why can't the admin caution these people who are uncouth and very easily call people names.? As good as this forum is, I shake my head anytime I read this name calling. Example is the information on our debt profile. If you have a counter information just give it without insulting people! I have said my piece.

barcanista:
I am a fool because I am taking my time to educate Nigerians? We all know who the fool is here

My dear don't mind them. Those are the fools that the clueless president is brain washing all the time with the so call TAN and other programmes. It is very glaring that Jonathan is obviously the worst President that has govern this country.

brito:




barcanists. do you know that gej regime is all encompassing . upon GMB treasonable statements in 2011, when he was supposed to be arrested and jailed, he was left walking about with high shoulders, can buhari tolerate same?buhari is just a wicked man who owes Nigeria many apology, he has no moral bases to rule Nigeria. bring a better candidate then we will listen, for now it's gej till 2019.

I will not speak for Buhari or any other politician for that matter. This post was not about APC or PDP; it was about President Jonathan, that man is heading us for the rocks. Let PDP produce another candidate and then we can start talking. But if na GEJ till 2019, then Nigeria may be worse than it is now; with GEJ I don't see anything great happening to this country. I just pray God can save us...

aguiyi:


The relationship is clear, you are trying so hard to discredit the president who is most favored by the masses for a second term.

Several threads have been opened just to regain the image battered today by datolee, Buhari is not sellable

why are you trying so hard to fool us? am a Niger-Deltian and i have traveled round Nigeria to an extent. but truth be told Gej has not done well at all. i don't support and will never support him as he encourages corrupt practices on every side.
stop fooling yourself none of the masses from where i am are supporting him or pdp.
Nigeria needs somebody who can act not minding whose ox was gored.
the pdp states in the north east only one state has been trying to make the masses feel democracy. only Gombe. others are zero

dozichukwu:
I have been following different threads since I joined naira land. I never commented till now. I found out that part of the rules discourages insults/ abusive words. But I read it every time. Is it that this forum is only for youths who are exuberant? but the topics are always matured and informative. So why can't the admin caution these people who are uncouth and very easily call people names.? As good as this forum is, I shake my head anytime I read this name calling. Example is the information on our debt profile. If you have a counter information just give it without insulting people! I have said my piece.

Welcome to our World. Many people result to insults when they have no superior argument or evidence. Most of those that throw out insults are those that have very little or no rationale argument for their defence.

Mogidi:
Africa’s new Number One
Read it at the economist
http://www.economist.com/news/leaders/21600685-nigerias-suddenly-supersized-economy-indeed-wonder-so-are-its-still-huge

Nigeria becomes Africa's biggest economy
Read it at the BBC
http://www.bbc.co.uk/news/business-26913497

Nigeria overtakes South Africa to become Africa's largest economy
Read it at the famouse Guardian newspapers of Britain
http://www.theguardian.com/world/2014/apr/07/nigeria-south-africa-largest-economy

Apart from bokoharam and all other forces that swore to make this nation ungovernable, GEJ surpassed our widest dreams.

Brother Shut the Fvck up!! Im forced to comment at your write up. Are u ignorantly saying GEJ is the one responsible for making Nigeria become africa's biggest economy? Please reason because God give u sense to think. Dont u buy phones, what about exchange of service (is our banks not functional), what about technology, what about the market, what are innovation and invention all this contribute to making economy strong. you are talking gibberish. i dont blame u. even if a monkey is our president, tomorrow iPhone 35z come out, u will hurry up to the store to get one, ur common sense did not tell u, your money is also developing the economy economy,honestly Nigerian youth are indeed blind with information, yet they profess they know everything. irredeemable, gullible, shallow minded fools that will perish in ignorance.

Speakdatruth:
oga, meshonu dia. tink d sufferin yo children wil suffer because u choosd 2tink wrongly

Its Mechie onu pls. Dont write Igbo when you cant speak it fluently.

Opiosko:
Lol! It's not about having access to more money, but what u are doing with the money. How much has GeJ used to reform ur amajiri terrorists recruitment camps to rescue northern children and give them a future?.. How much has been spent in reforming our military to help counter Buhari islamic insurgency?.....

The above and many more the op didn't mention. If only there have been minimal distractions from power-hungry people and saboteurs Nigeria would have been better

brito:




barcanists. do you know that gej regime is all encompassing . upon GMB treasonable statements in 2011, when he was supposed to be arrested and jailed, he was left walking about with high shoulders, can buhari tolerate same?buhari is just a wicked man who owes Nigeria many apology, he has no moral bases to rule Nigeria. bring a better candidate then we will listen, for now it's gej till 2019.

I want to assume that you posted this out of Ignorance. PLEASE, Buhari never Promised to make Nigeria ungovernable, a PDP Chifetain Lawal Kaita Did. Shamefully, Ruben Abati attributed it to GMB when he was at guardian, he was sued, he apologised.
Here is the statement....

“ANYTHING short of a northern president is tantamount to stealing our presidency. Jonathan has to go and he will go. Even if he uses incumbency power to get his nomination on the platform of the PDP, he will be frustrated out,” he was quoted as saying. He further said that the North should not be blamed for the calamity that would befall Nigeria if Jonathan emerged as the president. - ALhaji Lawal Kaita, PDP BoT Member, 2010

Read more: http://newsrescue.com/pdp-affair-revealed-man-promised-make-nigeria-ungovernable-jonathan-wins/#ixzz3IOwsfmNd

jonuel1:


The above and many more the op didn't mention. If only there have been minimal distractions from power-hungry people and saboteurs Nigeria would have been better

during obj tenure the niger delta militants was also destabilizing the government , do you know how much the government spent on amnesty during yaradua regime, where militants were earning close to #60000 monthly without working

Btruth:
My dear don't mind them. Those are the fools that the clueless president is brain washing all the time with the so call TAN and other programmes. It is very clearing that Jonathan is obviously the worst President that has govern this country.

Thank you bros, I will always ignore such people

blackborn7:


Brother Shut the Fvck up!! Im forced to comment at your write up. Are u ignorantly saying GEJ is the one responsible for making Nigeria become africa's biggest economy? Please reason because God give u sense to think. Dont u buy phones, what about exchange of service (is our banks not functional), what about technology, what about the market, what are innovation and invention all this contribute to making economy strong. you are talking gibberish. i dont blame u. even if a monkey is our president, tomorrow iPhone 35z come out, u will hurry up to the store to get one, ur common sense did not tell u, your money is also developing the economy economy,honestly Nigerian youth are indeed blind with information, yet they profess they know everything. irredeemable, gullible, shallow minded fools that will perish in ignorance.

You are d greater fool..no offense intended. Bt pls stp talking like an e-diot. Were pple nt buying tins in d past administrations? did pple stp buyn tins in south africa dat made Nigeria's economy surpass theirs? D innovation and invention ur talking abt nids a conducive environment to thrive and dats wat d govt brings. pls give crdt wia credt is due. Its nt easy to b the biggest economy in Africa

Djicemob:
More like saying I am bad by comparing the success of my Dad and Mum, meanwhile ignoring all the factors,context and challenges surrounding the 3 of us. #Clueless

YEAH so argument should be based on either pdp vs Apc or Buhari vs GEJ

people's keeps bashing GEJ but can't tell us how buhari will make things better

barcanista:
Wait let get something straight...
Under Yar adua regime, the Naira was defended, yet we had increase reserve
Under Obasanjo regime same thing, yet we had increase reserve
Under Jonathan same thing yet we get depleted reserve

At a point the Naira was devalued in EVERY regime... But it was necessary at that time. It wasn't perculiar to Jonathan. Yet his case is different.

Meanwhile:
The Oil Price under Objs started at less than $20 per barrel in 1999 and peaked at $90 in 2007

That of Yar adua peaked at $147 perbarrel, as at then the reserve was $64billion, ALL time hgh. It only slipped when the oil price dropped to $35 during the economic meltdown. He also rescued banks. Yar adua still had to bear the burden of the extra subsidy bills

Jonathan's Reserve have been going downward, he has been enjoying a good Oil Price at $88 to 107$ for the past 4years.. Something non of his precessors enjoyed. Jonathan had the privilege of Subsidy removal since 2012. Instead of his Reserve to GO UP, it is depleting.

Only Jonathan BLEEPED our debt without Mercy.

My friend How do you explain this? Remember to use EVERY economic indices. You keep dodging this interesting part of OIL Market Price. You are very funny bro

Yes and Sanusi was the CBN governor under Yaradua.

“If what happened in 2011 (alleged rigging) should again happen in 2015, by the grace of God, the dog and the baboon would all be soaked in blood.’’

Making Nigeria ungovernable is Buhari's stock in trade.

Vote wisely don't support the ongoing Nigeria's destruction.

barcanista:
3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

If you are a true Economist, you will also note the expenditure in those calculations. We owe nothing compared to the developed world, did you not hear of a state going bankrupt in the US, the state where EMINEM is from.

barcanista well done, well done. would you want free sex? holla!

donnypool:


YEAH so argument should be based on either pdp vs Apc or Buhari vs GEJ

people's keeps bashing GEJ but can't tell us how buhari will make things better

Exactly, no physical planning of action plan, But Im not surprised, they don't take time to sturdy all they want to do is loot

diluminati:
barcanista well done, well done. would you want free sex? holla!

Wow, how cheap can a woman be?

barcanista:
I want to assume that you posted this out of Ignorance. PLEASE, Buhari never Promised to make Nigeria ungovernable, a PDP Chifetain Lawal Kaita Did. Shamefully, Ruben Abati attributed it to GMB when he was at guardian, he was sued, he apologised.
Here is the statement....

“ANYTHING short of a northern president is tantamount to stealing our presidency. Jonathan has to go and he will go. Even if he uses incumbency power to get his nomination on the platform of the PDP, he will be frustrated out,” he was quoted as saying. He further said that the North should not be blamed for the calamity that would befall Nigeria if Jonathan emerged as the president. - ALhaji Lawal Kaita, PDP BoT Member, 2010

Read more: http://newsrescue.com/pdp-affair-revealed-man-promised-make-nigeria-ungovernable-jonathan-wins/#ixzz3IOwsfmNd

Bross E don tay we dey beg Una in the North to have your own COuntry, after all you have the best leaders.Unu refuse say na one Nigeria,oyah nah

Mogidi:


Wow, how cheap can a woman be?

Ogbeni face your front... e no concern you

automaticcars:
^
^^
^^^

The three posters after op are very stup.id. Why attacking the op instead of saying any disagreement they have with the data the op has given us?

You guys are very fooli.sh. Dumb and fooli.sh indeed.

You can see the next generation leaders, instead of leaning and seeing things from the right perspectives, they resorted into sentiments and denial. Its unfortunate that generation yet unborn will never be bouyant enough to pay the debt of Jonathan and Okonjo. Its a shame; a big one at that. And the fools will still vote for him. By the time Okonjo n Jonathan finish with Nigeria Economy; even Liberia will be better, except something is done urgently. My opinion.

diluminati:
barcanista well done, well done. would you want free sex? holla!

CYM