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Nairaland Forum / Nairaland / General / Politics / IMF Boss Exposes APC Lies. (7975 Views)
Another APC Lies Busted (pictorial Evidence Inside) / HAPPENING NOW!!! IMF Boss, Christine Lagarde At Orji Uzor Kalu's Mansion (pics) / Okonjo-iweala With IMF Boss, Christine Lagarde (photos) (2) (3) (4)
Re: IMF Boss Exposes APC Lies. by ogmaskman: 8:00pm On Jan 06, 2016 |
hinwazaka: Are you this dull? I am not surprised sha. It was ur type that believed the story that buhari was going to handover to his defence minister for 3months. Road side analyst. Just imagine that your little daughter was telling you this story. 5 Likes 1 Share |
Re: IMF Boss Exposes APC Lies. by Nobody: 8:04pm On Jan 06, 2016 |
Any country or organisation the grants Nigeria loan to fund this 2016 crazy N6 trn budget is a BIG FOOL. Quote Me Anywhere 1 Like |
Re: IMF Boss Exposes APC Lies. by nnachukz(m): 8:07pm On Jan 06, 2016 |
PhockPhockMan:it is not as if I doubted you. it was just for the zombies not to see a loophole with which to rubbish your post and also for it to easily reach the promised land. If you check my previous post here you will see that I detest the insincerity, hypocrisy, deceit and incompetency of this administration and the level of insensitiveness of their supporters. |
Re: IMF Boss Exposes APC Lies. by PhockPhockMan: 8:26pm On Jan 06, 2016 |
vedaxcool:Yeah, but it's more confusing to see people who used to be defenders of integrity and accountability are now defending corruption. |
Re: IMF Boss Exposes APC Lies. by ayindejimmy(m): 9:09pm On Jan 06, 2016 |
PhockPhockMan: So you mean to tell me the IMF boss actually know more about our economy than we do? She knows the prices of garri, rice, beans and provisions five years ago in Nigeria ba? She knows how much it cost from Lagos to Abuja 5 years ago ba? Did she actually enter Mile12 to hear how much a basket of tomato is now compared to 5 years ago? These r the poor man's economy and unless she's speaking from that angle ... LeavetrashforLawma 2 Likes |
Re: IMF Boss Exposes APC Lies. by Pidggin(f): 9:19pm On Jan 06, 2016 |
We are not broke! If we were, IMF would have gladly borrowed us money because they have a lot to gain if they do. She will not say we have no business borrowing money if we were broke, we are all being scammed. |
Re: IMF Boss Exposes APC Lies. by Nobody: 9:20pm On Jan 06, 2016 |
Demdem:I will bet my 10 bucks that you cant comprehend what the op said. Do you even know the full meaning of IMF |
Re: IMF Boss Exposes APC Lies. by Nobody: 9:24pm On Jan 06, 2016 |
Kikero112:how come in time of scarcity our budget is now 6.8 trillion 2 Likes |
Re: IMF Boss Exposes APC Lies. by Nobody: 9:25pm On Jan 06, 2016 |
Kikero112:how come in time of scarcity our budget is now 6.8 trillion. |
Re: IMF Boss Exposes APC Lies. by chiefobdk(m): 9:44pm On Jan 06, 2016 |
vedaxcool: why will they leave better life. U be winsh? if only u 've q% of wailers brain. U for kno say na live. no be leave. 2 Likes |
Re: IMF Boss Exposes APC Lies. by thewarrior72: 11:15pm On Jan 06, 2016 |
Demdem:Hatefilled and pathetic fellow |
Re: IMF Boss Exposes APC Lies. by thewarrior72: 11:39pm On Jan 06, 2016 |
PROVACATEUR:lol Leave demdem slowpoke, he was born out of weddluke hence, his sad life. |
Re: IMF Boss Exposes APC Lies. by Nobody: 2:28am On Jan 07, 2016 |
PROVACATEUR: The fact remains that we do have some money. We do have a budget. However, the means of funding the budget is going to be limited by the continued fall in oil price.(We already have to borrow....not from the IMF...for this budget. And there is a deficit in there regardless). Now....this means we have to take a loan....which I do not want, and which I think is a bad idea, or we run an austerity government....which i think is better. Hence Ms Lagarde's suggestions.....remove subsidies,end corruption, focus on alternative sources of revenue. We do not have the money, or rather......we are not as rich as you think we are. (As an example....Nigeria had $30bn in its treasury/excess crude account in 2015. Saudi Arabia had $600bn in its own ECA around the same time.) Which leads me to my final point. We are resource dependent....and we must get off our resource dependency. Addendum.....From Ms Lagarde's first press conference on arriving here.... ”We discussed the challenges ahead, starting from the oil price reduction, the necessity to apply fiscal discipline, and the need to also respond to the population needs by addressing the medium term necessity of improving the competitiveness of Nigeria. ”Also, focusing on the short-term fiscal situation, which requires that revenue sources be identified, in order to compensate the short-fall, resulting from the oil price decline. Source:[url=http://www.premiumtimesng.com/news/headlines/196265-%E2%80%8Eour-fears-for-nigeria-imf-chief-christine-lagard.html]Premium Times[/url] Ms. Lagarde also spoke about the government’s proposal to remove fuel subsidy. She said the benefits of fuel subsidy in Nigeria are hugely skewed in favour of the rich at the expense of the poor. “The subsidies that are still in place for kerosene and diesel should be targeted at those that need it most,” Ms. Lagarde said. Source : 1 Like |
Re: IMF Boss Exposes APC Lies. by Nobody: 2:36am On Jan 07, 2016 |
Pidggin: In 1986, when we were in the same situation we are in now....IMF/World Bank offered us a loan. Nigeria then.....and we were not rich(we had debts to the max)....said no. We then ended up taking the SAP alternative....plus devaluation in 1989. What is needed now is an austerity government. And removal of subsides. Which is what MS Lagarde suggested....and which if we implement means that we do not need an IMF loan. In other words ,if you actually read what Madame Lagarde said....if we want to avoid IMF loans....stop subsidies, end corruption, and increase funding from alternative sources of revenue....and we may just pass through this. In other words....austerity. And eventually....a plan to end our resource dependency. One thing about the IMF....they ain't fond of giving African countries loans...because they know from past experience they will never see their money again 2 Likes |
Re: IMF Boss Exposes APC Lies. by Pidggin(f): 4:11am On Jan 07, 2016 |
Kikero112: Why did APC campaign against subsidy in 2012? Now they have decided to steal an idea which is not theirs and shamelessly make it their own. Only the masses will suffer under the hardship of austerity, the leaders who implement these policies never ever feel it. 1 Like |
Re: IMF Boss Exposes APC Lies. by Nobody: 4:57am On Jan 07, 2016 |
Pidggin: The campaign was masses driven. The parties that eventually formed the APC merely jumped on the bandwagon for relevance sake. And as I have said elsewhere.....most Nigerians don't like paying high prices for petrol.....even when it is clearly for their benefit. (I backed subsidy removal for a long time....even though I oppose PDP). As for APC proposing subsidy removal now....a lot of water has passed under the bridge since 2012. Back then, oil was selling at $111 per barrel.Now....it is selling at $37 per barrel. And we earn our money from selling oil...including the money we would use to subsidise it. In other words....anyone who supported subsidy in 2012 would have a rethink right now.We do not have the money.(And let's be honest....IMF has been telling us that since 1993. But Nigerians don't listen).But...as I said, most Nigerians then, as now, won't see the benefit of removing subsidies. They only see that they have to pay higher prices for fuel....and they don't like the idea. Only the masses will suffer under the hardship of austerity, the leaders who implement these policies never ever feel it. Well, that is why Ms Lagarde in her first press conference here, talked a lot about ''fiscal responsibility'' (Read....you guys better not be corrupt). I think it is high time our leaders were realistic about that. Because...corruption is a ill wind that eventually hits the rich hard. The rich and even the foreign investors would prosper far more in a corrupt free society. 1 Like |
Re: IMF Boss Exposes APC Lies. by wadetaw202: 5:16am On Jan 07, 2016 |
PhockPhockMan: Evidence? Source? |
Re: IMF Boss Exposes APC Lies. by kingsfield(m): 8:21am On Jan 07, 2016 |
vedaxcool:Z either u 're a wailing wailer or ur nt objective cos chief criminals 're made ministers with more than two portfolios. Guess u 're d one in a cage. |
Re: IMF Boss Exposes APC Lies. by RapLawd(m): 8:43am On Jan 07, 2016 |
stebell: In as much as I love GEJ(No Homo)...I hate the way you guys presents him, how the hell will he last forever Not him, not his words, not his works or even his legacy will last more than a millennium let alone forever Is he supernatural or Immortal GEJ is a good leader and his kindness and leadership will last and be remember for a while, but forever, Forget it... –RapLawd_Official |
Re: IMF Boss Exposes APC Lies. by stebell(m): 8:59am On Jan 07, 2016 |
RapLawd: Say what yu want I don't give my 2cent about it. My opinion is mine and yours is yours. Good morning |
Re: IMF Boss Exposes APC Lies. by drss2(m): 9:05am On Jan 07, 2016 |
PhockPhockMan:d lies of dis buari govt is pitiful. same pipul who said GEJ indepted nigeria with high debt all of a sudden ar saying nigeria's debt to gdp ratio is d best in africa compared to oda african countries like angola n south africa. useless govt. 1 Like |
Re: IMF Boss Exposes APC Lies. by poiZon: 9:30am On Jan 07, 2016 |
vedaxcool: :how much is foreign reserves now? |
Re: IMF Boss Exposes APC Lies. by poiZon: 9:41am On Jan 07, 2016 |
Kikero112: bobo u r flawed in ur argument! we broke yes, but not rich, capital NO! WE r a rich country, u knw what lets go to the budget of 2016, we all know oil is becomng useless n we need urgent measurres to dversfy n move partly away from oil but guess what happened? bhari budgets 36billion naira for oil exploration in the lake chad axis of naija n budgets less for agriculture n u are here speaking abt not being rich? we r rich bro if not we wont be having 20 people running a one post whether governorshp, chairmanship, or presidency! is bhari stll collectng half salary? |
Re: IMF Boss Exposes APC Lies. by poiZon: 9:42am On Jan 07, 2016 |
vedaxcool: wailerrs dont need a zomboid brain or dead brain! |
Re: IMF Boss Exposes APC Lies. by poiZon: 9:49am On Jan 07, 2016 |
Kikero112: ok lets check it dis way, oil is 37 dols now n without sbsidy we r buying fuel at 86.50naira. what happens if the oil price move up again in the region of 80-100dols where price of fuel inthe open market will be like 130-140naira. will u advce d govt to subsidise again? |
Re: IMF Boss Exposes APC Lies. by poiZon: 9:53am On Jan 07, 2016 |
Kikero112: all these advice from imf was for fed govt, what abt the states whr bulk if not all the mismangement, corruption, looting and all the ills come from? |
Re: IMF Boss Exposes APC Lies. by Nobody: 9:59am On Jan 07, 2016 |
poiZon: It goes for the states too....and the fact is that states don't do well largely because most of the national discourse is on what Abuja does, and because of the centralised nature of our governance. 1 Like |
Re: IMF Boss Exposes APC Lies. by Nobody: 10:15am On Jan 07, 2016 |
poiZon: The answer should have been obvious from my comments previously. No. Let's face it....we save more money for the treasury if we remove the subsidy completely. That way, prices for fuel are driven by the market forces. We might end up paying N200 for fuel...especially as we are still importing most of the fuel we consume in this country (Which is another reason why I oppose subsidy...we are in essence subsidsing imports. Remind me who thought it was a good idea. When Ngozi Okonjo-Iweala, and HRH Sanusi II are in agreement over removing subsidy, someone sits up and listens). But...as a Minister under Obasanjo explained in 2006....eventually the same market forces that drove fuel up...would drive fuel prcies down...as Nigerians line up to buy fuel from the cheapest seller....and avoid Mr Expensive. (I.E...Oando sells fuel at N100 while the rest sell at N140 and above. Of course...Oando stations will be full...while every other would be empty.Of course everyone cuts prices accordingly. Competition at work). The GSM example....where prices crashed by competition (in 2003 a SIM cost as much as N5000,NOW it costs less than N500) is instructive. Removing the subsidy....once we get over the intial hiccup of high prices....is a win win for everyone. Ultimately....if we want to buy fuel cheaply....we have to build five new refineries, and a host of mini-refineries.So far....Dangote is building one new refinery. 1 Like |
Re: IMF Boss Exposes APC Lies. by Nobody: 10:25am On Jan 07, 2016 |
poiZon: 1.Let's start with your point that ''we are rich because we have 20 people running for government office.'' The reason why we have 20, even 100 people running for governor, or president,or whatever....is because thanks to our resource dependent economy.....government is dependent on revenues that come from selling our resource...ie...oil. Add the fact that our economy is based on how oil money is shared.....not on new investments, income and company taxation, and industrial development......and you will see why people run to government office... It is because they want to be in charge of sharing the money.....which provides opportunities for making more money. Govt is big business in Nigeria because that is where the limited money is. In America....Michael Bloomberg became mayor of New York for eight years...and collected a salary of one dollar a month. He did not need the salary...he is already a billionaire. In Nigeria...who will be so unwise as to do that? 2.GDP per capita...(and forget that rebasing nonsense.). Nigeria: $3051 South Africa : $6617 China: $6807 Brazil:$11,280 Russia: $14,611 Saudi Arabia: $25,961 South Korea:$25,976 Japan: $38,6331 UK: $41,787 Germany: $46,268 3.We had $30bn in our Excess Crude Account in mid-2015. Saudi Arabia had $600bn in its ECA by the end of last year. We are not rich....and that is why we should not be spending billions on new BMW cars for Aso Rock. 1 Like |
Re: IMF Boss Exposes APC Lies. by Nobody: 10:30am On Jan 07, 2016 |
Re: IMF Boss Exposes APC Lies. by southsouthman: 10:47am On Jan 07, 2016 |
vedaxcool: The biggest thieves in politics today in Nigeria are the super minister in the Buhari cabinet. Please look for some other lies to tell. This one too dey glaring to tell. 1 Like |
Re: IMF Boss Exposes APC Lies. by stzy(m): 11:05am On Jan 07, 2016 |
vedaxcool:Go and borrow some so u will 'leave' ur dull life n live smarter ... I'll say dis again APC didn't knw they will win ... Dis is governance by emergency 1 Like |
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