Whynotthetruth:


I am not treating power here yet...but if it is about body language... I hope he applies same to the economy because it isn't funny for now...

TRUTHTOPOWER:


Senator McCain Campaign came crashing in 2008 when he declared that the fundamentals of the American economy was strong. Wall Street collapsed before he had time to reflect on his press statement. When you hear the slogan 'it is the economy,stu.pid' as used by Clinton, it talks about soccer mums and Joe the plumber, how their families can get mortgage, health insurance, and purchasing power.

There must be connection between your statistics and the experience in the labour force (soccer mums and Joe the plumber)

Now hear this. NBS said 54% of Nigerian Youths were unemployed. (2012) According to the stats, it translates to 30 million. So the challenge before NOI and PDP was not rebasing GDP or bringing FDI. those are measures not results in policy articulation. the challenge was drastic reduction in employment rate. These implies doing something about inflation and lending rate for the sake of the challenge not as goals or ends of economic planning. Pls read Soludo on missing trillions. ignore the stealing aspect if you are not comfortable with that just concentrate on the relationship between measures and effect
vanguardngr.com/2015/02/ngozi-okonjo-iweala-missing-trillions-1-charles-soludo/
NOI et al promised 2 million jobs per year in order to address the deficit of 30 million. by 2019, 22 million would still be unemployed. When you add new entrants of 2million per year to it. The proposal of NOI did nothing!

So what is the point of YouWin SureP, FDI. Admittedly they benifited the individuals who got slices of the national cake just as political handouts benefit party footsoldiers.

My Faith: Discipline and fear of moral reproach! That is the starting point. GEJ govt by his own admission saw nothing wrong in Fiscal rascality. he abeted felony, to wit, embezzlement and extortion, hellooooo! others are guilty is not a defence!

The task before us is having kicked out indiscipline what can we do? That is in addition to the original plan of the new administration.

However if you believed your time is better served by romancing the corpse of a dead administration, it is your choice.

By the way, where do you think NOI is and what do you think she is doing? she is writing a book to tell the world that she is not responsible for the the documented crimes you are here claiming are nonexistent. Don't ask me how I know.

Whynotthetruth:


You can drop your points without blackmailing me...

Back to topic; I did no comparison...I simply responded to some lies of APC against PDP and also showed how their assertion that what we are experiencing now is because of Jonathan/PDP is highly erroneous and false ...

PDP is a platform accommodating different personalities... but I think the worst of PDP are already out and they are members of APC or consultants to APC ...PDP as it is today, is far better than APC with regard to quality of individuals and sincere leadership...

7lives:


Odikwa serious.

Rawani:


The failure of the Jonathan government to exploit the roof shattering oil prices over the years they were in power and the irrational depletion of our foreign reserves are critical elements of our present economic woes. Your non-acknowledgment of these twin factors dents the objectivity and balance of your piece, which informed my initial pedestrian stance on this thread.

hinwazaka:
#INTELLIGENTSIA
Unlike the piece of crap put out yesterday by the unintelligent PASSING whatchamacallit, this is a cleverly put together article. To know where this economy is heading, all you need to do is research on the Abacha opaque government. The President, was an important member of that government, and so believes in the practices that were prevalent in that regime. In such an administration, practices such as Monopoly, scarcity, closed economy, non conformity to global economic practices, Agricultural illiteracy, nepotism, regionalism, bigotry, high mortality rate, moribund infrastructure and institutions, abuse of protocol and the law, economic madness, lack of fiscal policies E.T.C. This practices will become the order of the day, in a year from now. That is the only way PMB knows how to run a government. Youths on this platform who are in support of the President, are the next thing to a home for retards. They will be the worst hit in this government, while this practices, will surprisingly improve the businesses of the eastern elephants, who thrive better in such an environment. When the dust settles, the eyes of the blind SW's will bring out more water than the Kainji dam.

7lives:

Another liar exposed.

Whynotthetruth:


There are better ways to defend the Naira than buhari is doing now...which is a repeat of mess he did in 1984/85...

1)There's no finance minister/economic team to articulate fiscal policy to complement monetary policy...

2)He's not applying 2015 expenditure hence crippling some sectors but he's using revenue from 2015...

3)His policy is already killing SME's who drive our economy... aside foreign investments or investors from JP Morgan and co...

4)China just relegated us to the background... Do you understand the cost implication to Nigeria?

5)Buhari is doing nothing and seems overwhelmed with the job...His analogue brain can't solve digital problem... He could not back then in his prime...how about now?

6)Allow naira to find its level in money market though you guide it through the path... but don't physically control it as it is done now...because the negative effect seems more than positive effect...

Whynotthetruth:

Roof shattering indeed ...Now did you read this;

7lives:


How will he defend his paymasters if he acknowledge the bolded.

Whynotthetruth:

What's the relationship between looting you used above and increasing salary thanks to NLC agitation and realities on ground which showed that 7500 a month isn't sufficient to feed a civil servant...Did agriculture not receive plausible attention that we even experienced dry season agriculture under Jonathan?.. Solid Minerals is riddled with litigations thanks to Obj though Jonathan succeeded in taking out most of them...

7lives:


How will he defend his paymasters if he acknowledge the bolded.

6)Jonathan met about $47.7b in FR and left about $29.9b thanks to exchange rate differentials, subsidy variation, and recurrent expenditure increase. Yes, Oil sold at its peak so also did other legal expenditures. Remember, Obj paid 7500 to workers while Jonathan paid 18000(more than 150% increase); Obj paid 9700 to NYSC, Jonathan paid 19800(check percentage difference too). Not minding other great infrastructure investment like Abuja/Kaduna standard gauge, Lagos/Ibadan road, East/
West road, etc

7lives:


Uncle Tom you are entitle to your grudges with GMB, but as long as naira does not go below 240, we are still on the right track.

4Play:

There are no free lunches in economics.You cannot defend a currency if you have insufficient foreign reserves. If you try to, you will either deplete your reserves or cause a huge divergence between the official and parallel exchange rates. A more recent and apt example was the Abacha era: 22 and 85 Naira to the dollar at the official and parallel markets respectively.
If the CBN persists in an Abacha style forex policy, forex will become scarce and the demand for forex in the official market will have to be rationed. This rationing will cause prices to go up as the previously imported goods can no longer be imported and as many importers source their forex from the parallel market. So the inflation and job losses will happen anyway. Abacha economics simply delays the inevitable, creates distortions and an attractive avenue for round tripping.
By allowing the market to set the exchange rate as has been recommended by JP Morgan, the increase in import costs curbs dollar demand naturally whilst making Nigeria an attractive destination for foreign investors as the cheaper Naira denominated assets prove a lure. It is by this means that equilibrium is achieved as the Naira finds it natural rate at a better level than would be the case if a ham-fisted attempt is made by the CBN to fix a level.
All this will be obvious in due course.

Whynotthetruth:



5)Can you be specific in what you mean by fiscal rascality and other such crimes as you listed?



7)I ask again what feeds your faith in buhari with regard to economic leadership?

TRUTHTOPOWER:


The first allusions I made were to illustrate economic principles with everyday people as opposed to the guinea pig models of NOI. Guinea pig because the programmes were mere experiments in which the thesis, hypothesis and conclusion were rigged to reflect impractible economic scenario.

YouWin and SURE-P were based on high oil revenue! what if revenue crashed as it turned out? Both rescue efforts were foredoomed.

I LOVE SURE P and YouWin. but to think that anyone who read economics up to school cert could base social safety net on treacherous oil market is for me the height of insincerity. Who dare toy with destinies like that?!

The beneficiary of YouWin are grateful because it is like a jackpot. they had no collateral or interest to pay. so if the programme crashed, too bad, but but no cause of action.

SURE P labourers were not so lucky. some of them are still owed salaries or allowances of over 6 months. all because their hope was based on oil selling at over 90 dollars per barrel. the agony of dissapointment could have been addressed if NOI answered a simple question: What if the basis of our program (oil revenue) crashed?

I sat with a DG of a relevant agency in the early days of the programmes and he wandered what youths who were used to monthly sure p stipends would do if the programme crashed. Alas everyone in the racket thought the programme will at least be sustainable until after election when it would be scraped for economic exigencies. But it was just not possible to do when oil was doing 50 dollars per barrel.

The 'praise worthy' China was only too happy to cash in on our economic misfortune. Lesson for those who esteemed China as a father Xmas. Your free market at their mercy and cheap raw material is worth more than they could ever give you as loan.That is business!

I do not expect craftsmen of the whimiscal SURE P strategy to know better. mind you I said SURE P goal was good but the strategy was a textbook shipwreck right from drawing board.

I could imagine if shareholders of a company were misguided by their directord s the way NOI misguided GEJ and Nigerians, the resulting AGM will be dispersed in blackmarias and ambulances.

So much for SURE P and YouWin.

Excess Crude Account. The only body authorized to approve spending from this common purse of both Federal and State government is National Economic Council. The Council never approved spending but in a feat of fiscal rascality over 2 billion dollars was siphoned from this account.

On this I give you the full quote that "Power corrupts power, absolute power corrupts absolutely, there is no worse heresy than the view that the office sanctifies the holder of it" that decision was sanctified because the C in C commanded it according to NOI.

Private jets for minister of petroleum. haba we celebrate what sane societies consider as infamy. let British PM or Sec of Energy in US or praiseworthy Chinese minister try that in their country. I tell you, it would be more tolerable for Anini if that were done by them.

My brother, before man and God, if these corrupt acts were isolated, to one or two places some of us wld give GEJ a second look. Even PMB will tell Tinubu to give GEJ a chance. But everywhere you turn, you are mocked by people who wander at the necessity of writing proposal when you could just take the money by shouting GEJ till 2019.

It was as bad as hapless job seekers being swindled on recruitment fee, soldieis not being properly paid an equipped, etc.

Oh thieves are everywhere. And so what? why can't there be "honour among thieves" (pls Google this. and if possible read up Jeffrey Archer for prosaic illustration)

In light of the above you should see that our anger is purely based on lack of respect for GEJ and from GEJ, the Office he Occupied and ultimately the people who gave him a popular mandate in 2011.

My faith therefore is that we now have a President who respects us, respects himself, and he his respected (or dreaded) by all public servants. A president who suffers no fool gladly. as a public servant under his control you can try flouting laid down rule a and regulations at your own peril.

I know there are people who voted for PMB based on religious and ethnic sentiments. Many GEJ supporters also did this. But for many of us it was purely a democratic transaction. majority Public servants had become enemies of progress PMB is famous for taking on these class of criminals. Naturally, if I want to make progress, PMB is my choice not the man under whom Things Fell Apart. Why Anyone should take this transaction personal is what I don't understand.

PMB Economic management. once there is discipline, progress will either come from public initiative or private endeavours. that is my faith.

Ezemust:
your assumption is your assertion. your baseless assumptions is quite unbecoming.you clearly points out the ill of Gej and Noi the way you reasons and cleverly omitte any good. typical apc yes man.

4Play:


By allowing the market to set the exchange rate as has been recommended by JP Morgan, the increase in import costs curbs dollar demand naturally whilst making Nigeria an attractive destination for foreign investors as the cheaper Naira denominated assets prove a lure. It is by this means that equilibrium is achieved as the Naira finds it natural rate at a better level than would be the case if a ham-fisted attempt is made by the CBN to fix a level.

All this will be obvious in due course.

Whynotthetruth:


Thanks bro...

Cc. TruthtoPower ... 989900

TRUTHTOPOWER:


The first allusions I made were to illustrate economic principles with everyday people as opposed to the guinea pig models of NOI. Guinea pig because the programmes were mere experiments in which the thesis, hypothesis and conclusion were rigged to reflect impractible economic scenario.

YouWin and SURE-P were based on high oil revenue! what if revenue crashed as it turned out? Both rescue efforts were foredoomed.

I LOVE SURE P and YouWin. but to think that anyone who read economics up to school cert could base social safety net on treacherous oil market is for me the height of insincerity. Who dare toy with destinies like that?!

The beneficiary of YouWin are grateful because it is like a jackpot. they had no collateral or interest to pay. so if the programme crashed, too bad, but but no cause of action.

SURE P labourers were not so lucky. some of them are still owed salaries or allowances of over 6 months. all because their hope was based on oil selling at over 90 dollars per barrel. the agony of dissapointment could have been addressed if NOI answered a simple question: What if the basis of our program (oil revenue) crashed?

I sat with a DG of a relevant agency in the early days of the programmes and he wandered what youths who were used to monthly sure p stipends would do if the programme crashed. Alas everyone in the racket thought the programme will at least be sustainable until after election when it would be scraped for economic exigencies. But it was just not possible to do when oil was doing 50 dollars per barrel.

The 'praise worthy' China was only too happy to cash in on our economic misfortune. Lesson for those who esteemed China as a father Xmas. Your free market at their mercy and cheap raw material is worth more than they could ever give you as loan.That is business!

I do not expect craftsmen of the whimiscal SURE P strategy to know better. mind you I said SURE P goal was good but the strategy was a textbook shipwreck right from drawing board.

I could imagine if shareholders of a company were misguided by their directord s the way NOI misguided GEJ and Nigerians, the resulting AGM will be dispersed in blackmarias and ambulances.

So much for SURE P and YouWin.

Excess Crude Account. The only body authorized to approve spending from this common purse of both Federal and State government is National Economic Council. The Council never approved spending but in a feat of fiscal rascality over 2 billion dollars was siphoned from this account.

On this I give you the full quote that "Power corrupts power, absolute power corrupts absolutely, there is no worse heresy than the view that the office sanctifies the holder of it" that decision was sanctified because the C in C commanded it according to NOI.

Private jets for minister of petroleum. haba we celebrate what sane societies consider as infamy. let British PM or Sec of Energy in US or praiseworthy Chinese minister try that in their country. I tell you, it would be more tolerable for Anini if that were done by them.

My brother, before man and God, if these corrupt acts were isolated, to one or two places some of us wld give GEJ a second look. Even PMB will tell Tinubu to give GEJ a chance. But everywhere you turn, you are mocked by people who wander at the necessity of writing proposal when you could just take the money by shouting GEJ till 2019.

It was as bad as hapless job seekers being swindled on recruitment fee, soldieis not being properly paid an equipped, etc.

Oh thieves are everywhere. And so what? why can't there be "honour among thieves" (pls Google this. and if possible read up Jeffrey Archer for prosaic illustration)

In light of the above you should see that our anger is purely based on lack of respect for GEJ and from GEJ, the Office he Occupied and ultimately the people who gave him a popular mandate in 2011.

My faith therefore is that we now have a President who respects us, respects himself, and he his respected (or dreaded) by all public servants. A president who suffers no fool gladly. as a public servant under his control you can try flouting laid down rule a and regulations at your own peril.

I know there are people who voted for PMB based on religious and ethnic sentiments. Many GEJ supporters also did this. But for many of us it was purely a democratic transaction. majority Public servants had become enemies of progress PMB is famous for taking on these class of criminals. Naturally, if I want to make progress, PMB is my choice not the man under whom Things Fell Apart. Why Anyone should take this transaction personal is what I don't understand.

PMB Economic management. once there is discipline, progress will either come from public initiative or private endeavours. that is my faith.

TRUTHTOPOWER:


The first allusions I made were to illustrate economic principles with everyday people as opposed to the guinea pig models of NOI. Guinea pig because the programmes were mere experiments in which the thesis, hypothesis and conclusion were rigged to reflect impractible economic scenario.

YouWin and SURE-P were based on high oil revenue! what if revenue crashed as it turned out? Both rescue efforts were foredoomed.

I LOVE SURE P and YouWin. but to think that anyone who read economics up to school cert could base social safety net on treacherous oil market is for me the height of insincerity. Who dare toy with destinies like that?!

The beneficiary of YouWin are grateful because it is like a jackpot. they had no collateral or interest to pay. so if the programme crashed, too bad, but but no cause of action.

SURE P labourers were not so lucky. some of them are still owed salaries or allowances of over 6 months. all because their hope was based on oil selling at over 90 dollars per barrel. the agony of dissapointment could have been addressed if NOI answered a simple question: What if the basis of our program (oil revenue) crashed?

I sat with a DG of a relevant agency in the early days of the programmes and he wandered what youths who were used to monthly sure p stipends would do if the programme crashed. Alas everyone in the racket thought the programme will at least be sustainable until after election when it would be scraped for economic exigencies. But it was just not possible to do when oil was doing 50 dollars per barrel.

The 'praise worthy' China was only too happy to cash in on our economic misfortune. Lesson for those who esteemed China as a father Xmas. Your free market at their mercy and cheap raw material is worth more than they could ever give you as loan.That is business!

I do not expect craftsmen of the whimiscal SURE P strategy to know better. mind you I said SURE P goal was good but the strategy was a textbook shipwreck right from drawing board.

I could imagine if shareholders of a company were misguided by their directord s the way NOI misguided GEJ and Nigerians, the resulting AGM will be dispersed in blackmarias and ambulances.

So much for SURE P and YouWin.

Excess Crude Account. The only body authorized to approve spending from this common purse of both Federal and State government is National Economic Council. The Council never approved spending but in a feat of fiscal rascality over 2 billion dollars was siphoned from this account.

On this I give you the full quote that "Power corrupts power, absolute power corrupts absolutely, there is no worse heresy than the view that the office sanctifies the holder of it" that decision was sanctified because the C in C commanded it according to NOI.

Private jets for minister of petroleum. haba we celebrate what sane societies consider as infamy. let British PM or Sec of Energy in US or praiseworthy Chinese minister try that in their country. I tell you, it would be more tolerable for Anini if that were done by them.

My brother, before man and God, if these corrupt acts were isolated, to one or two places some of us wld give GEJ a second look. Even PMB will tell Tinubu to give GEJ a chance. But everywhere you turn, you are mocked by people who wander at the necessity of writing proposal when you could just take the money by shouting GEJ till 2019.

It was as bad as hapless job seekers being swindled on recruitment fee, soldieis not being properly paid an equipped, etc.

Oh thieves are everywhere. And so what? why can't there be "honour among thieves" (pls Google this. and if possible read up Jeffrey Archer for prosaic illustration)

In light of the above you should see that our anger is purely based on lack of respect for GEJ and from GEJ, the Office he Occupied and ultimately the people who gave him a popular mandate in 2011.

My faith therefore is that we now have a President who respects us, respects himself, and he his respected (or dreaded) by all public servants. A president who suffers no fool gladly. as a public servant under his control you can try flouting laid down rule a and regulations at your own peril.

I know there are people who voted for PMB based on religious and ethnic sentiments. Many GEJ supporters also did this. But for many of us it was purely a democratic transaction. majority Public servants had become enemies of progress PMB is famous for taking on these class of criminals. Naturally, if I want to make progress, PMB is my choice not the man under whom Things Fell Apart. Why Anyone should take this transaction personal is what I don't understand.

PMB Economic management. once there is discipline, progress will either come from public initiative or private endeavours. that is my faith.

Whynotthetruth:


Lots of sentiments and misinformation...Bored or too lazy to pick them on Folks like you either out of ignorance or sheer naivety arrogate power of invincibility to buhari...Enjoy it all if it gives the feel good effect

kaboninc:


He's still in wonderland...somewhere in Asgard.

I think same place with that Joseph guy.

Allow them. When they realised that there's no water in the desert, then they'll start drilling for crude oil.

Whynotthetruth:


Wow...how come we made same observation in TruthtoPower guy at same time And he has penchant for epistle writing like Gbawe ...its well sha

TRUTHTOPOWER:


Senator McCain Campaign came crashing in 2008 when he declared that the fundamentals of the American economy was strong. Wall Street collapsed before he had time to reflect on his press statement. When you hear the slogan 'it is the economy,stu.pid' as used by Clinton, it talks about soccer mums and Joe the plumber, how their families can get mortgage, health insurance, and purchasing power.

There must be connection between your statistics and the experience in the labour force (soccer mums and Joe the plumber)

Now hear this. NBS said 54% of Nigerian Youths were unemployed. (2012) According to the stats, it translates to 30 million. So the challenge before NOI and PDP was not rebasing GDP or bringing FDI. those are measures not results in policy articulation. the challenge was drastic reduction in employment rate. These implies doing something about inflation and lending rate for the sake of the challenge not as goals or ends of economic planning. Pls read Soludo on missing trillions. ignore the stealing aspect if you are not comfortable with that just concentrate on the relationship between measures and effect
vanguardngr.com/2015/02/ngozi-okonjo-iweala-missing-trillions-1-charles-soludo/
NOI et al promised 2 million jobs per year in order to address the deficit of 30 million. by 2019, 22 million would still be unemployed. When you add new entrants of 2million per year to it. The proposal of NOI did nothing!

So what is the point of YouWin SureP, FDI. Admittedly they benifited the individuals who got slices of the national cake just as political handouts benefit party footsoldiers.

My Faith: Discipline and fear of moral reproach! That is the starting point. GEJ govt by his own admission saw nothing wrong in Fiscal rascality. he abeted felony, to wit, embezzlement and extortion, hellooooo! others are guilty is not a defence!

The task before us is having kicked out indiscipline what can we do? That is in addition to the original plan of the new administration.

However if you believed your time is better served by romancing the corpse of a dead administration, it is your choice.

By the way, where do you think NOI is and what do you think she is doing? she is writing a book to tell the world that she is not responsible for the the documented crimes you are here claiming are nonexistent. Don't ask me how I know.