tee10:


I honesty blame NOI for not resigning.
Facts are sacred, if we blame NOI and GEJ only am afraid we haven't learned

By the way u and 989900 haul ur stones at NOI but are dead salient on the blunders of PMB

Can you an objective article on:
2016 budget
CBN illegal hire
PMB's economic policy (FX restrictions)
De listing of Nigerian from JP Morgan etc

'The decline in forex allocation to the banks by the CBN was attributed to the deal struck by the Nigerian National Petroleum Corporation (NNPC) and international oil companies (IOCs) on direct dollar sales to oil marketing firms aimed at addressing the fuel shortage in the country.'

989900:


Let's be rational for a second:

NOI: 14 years out of 16 (with 'oil boom' for the most part), borrowing to pay salaries @$65/barrel . . . see where we are.

Kemi: 4 months, without one budget yet to work with, in an 'oil doom' period, shutting each loophole of theft, one at a time

You wanna call "crucify her, crucify her" . . . wait and do it at the right time, doing so now only makes you the most part, the 'tribalist' and irrational one.

989900:


At times you wonder the kind of upbringing this kinda kids get.

coldsummer:



You don't have to educate a people that don't want to learn. They will try to sap the knowledge out of you.


So relax. It's a Saturday afterall.

modath:

Both the IB & NOI are incompetent & Unpatriotic....

Still trying to get the magic wand that made saving possible under OBJ despite average crude oil price,& how same minister had two different results despite record Crude price & Sales..

*Llight bulb moment*

We had a president with major cojones of steel not an an IB whose inordinate ambition & a desire for an undeserved second term "tied" his hands & made it impossible for FG's 52% of the ECA to be put to good use..

The Governors & LGs took their 48% while the FG's did a Houdini & was "gone with the wind"..

masterchi:
no fuel and if u try see na N300, no dollar, insecurity, Fulani herdsmen, Agatu, Boko haram, rising cost of everything. no direction from govt, no budget, no economic policy. nothing and this writer only problem na past tense, talk about misplaced priorities. we now have Buhari and Kemi ADeosun of 18+6=21 fame. hold them oh.

peacengine:


This is becoming ridiculous, no economic plan, lies everyday and Kemi is allowed to relax while the media constantly blames Jonathan and NOI. I am beginning to hate this country I once loved with passion, tribalism is worse than racism. Buhari is a disaster

modath:


That is their motto "Condemn All that isn't yours" "Laud even the most incapable"

I'm still wondering how Aunty Kemi matter take enter an article by a SE (most likely) in Vanguard (Ipad/PDP sympathizer) , it boils down to less than optimal level logical reasoning & irrational hate for the race that in their myopia, "assisted" the Kunu sippers in the ouster of their messianic Hero!!

989900:


I posted the below some days ago:


The frustration is real, no doubt.

The present frustration is largely due to our 'no-budget' situation.

Once the budget is passed and the government shows direction in implementation and other policies, things would ease up a bit -- only then can investors (foreign and domestic) make decisions, as it is, the country is in a state of perpetual limbo. And, it's making rate of repatriation of funds much higher than investment of funds -- we have a problem!

Then we have energy issues: the less electric power served, the more fuel we consume/import, the more dollars we require for imports, the more dollar scarcity created = higher exchange rate as felt in the past 2 weeks . . . customers using their bank cards online or at ATMs outside the country can testify to this.

The recent massive importation of fuel recently, siphoned more dollars off the market!


http://naija247news.com/2016/04/how-naira-yuan-currency-swap-deal-will-ease-pressure-on-nigerias-fx-market/

It's a shame we 'technically' do not have refineries . . . heard those should start working part time some time soon, but we've heard that a million times now.
However, we do have pipeline vandals who ensure we do not have power supply, and crude supply to the partially working refineries, nor product supply to the few resuscitated depots.

Then we have hoarders, racketeers and profiteers, aided by senior CBN and bank executives. Now this is the part I blame Buhari for (his stance would definitely create this kind of scenario, now, what are the checks and balances he had in place . . . forget CBN's autonomy . . .).
As for Emefiele and the other CBN deputy governors, they are as crooked as scoliosis -- they are part of the reason why the situation is amplified.

The below is an excerpt from another thread:




Now my questions are:

How will devaluation automatically put an end to all these, I mean it hasn't since 1986.

I want a quick fix, we all want a quick fix, we are all affected; apart from the temporary relief devaluation might bring, how does it solve the 'causes'?

Can anyone guarantee with the same oil prices, the same racketeers and saboteurs won't play their hands, and the black market/official rate wide gap resurfacing?

When do we put a kibosh to the causes?

Fine, pump prices are presently headed for N200/litre averagely albeit temporarily, are we ready to make that permanent -- devaluation guarantees that.

Inflation is presently @ 12.2% (which is an abomination), with devaluation comes agitation for wages increase, comes further inflation -- are we ready . . . ?

Nigerians appetite for foreign goods (which is actually just averagely 25% of the country's demand for forex) will not automatically die with devaluation, rather, there will be call for increase in wages, so we can continue where we left off! We've been doing that since time immemorial. BTW, who bought 36 Landcruisers?

We need to think outside the box to bring the BM rates closer to the CBN rates, some economists have suggested some alternative ways -- the government needs to look into those and get something started already -- a direction!


P.S. About the CBN hire thing, honestly, I DO NOT CARE: we have bigger problems in this country, and if our problems were 1-1000, that will be number 901 -- it's been happening for decades, and will continue to, it happens in most other countries too, if there is a vibrant economy, most of our youths will care less about the CBN.

Babacele:
Kemi is the Joseph of Nigeria! just imagine if na NOI be our minister now. she go talk say she don warn us to prepare for worse days ahead because Rotimi Ameachi lead Gov Forum didn't allow FG (that control 52% of all allocations) to save! all the stealing and economic crimes she supervised like d dasukigate wouldnt have been revealed ,n by now Charles Soludo's fears would come to pass! didn't madam due process Obi Ezekwesili n other wellwishers cry out too when NOI was serving that voodoo economics using pdpnomics-economics without character? It still baffles me how NOI managed to break our hearts- her numerous fans who remember her role in the Paris Club debt forgiveness n d coming of the MDGs to Nigeria. she lost totally , she became n remained a PDP -a very dangerous n devilish state of being. she should keep quiet and reconcile with her conscience that is obviously telling her ' you brought this mess to your country'.

TPAND:
Fortunate media columnist put up article of calumny debacle to rubbish the personalities of persons who have altruistically served their motherland.

The media is so corrupt that the sincerity and ingenuity of this fortunate columnist have been compromised by the quest for making undue monies from the opposing and antagonizing moneybags and the ones connected to them. Slanderous articles fill up the pages of newspaper, while the world celebrates our past heroes with a colossal lionization.

After reading the lines of this article, I couldn't help but wonder why such slandering write-ups is not directed towards my sister Kemi. We cannot change the past but we have to move forward. This should have been carefully constructed to bedevil Kemi's atrocious performance as our country is dipping fast into a recession.

peacengine:


This is becoming ridiculous, no economic plan, lies everyday and Kemi is allowed to relax while the media constantly blames Jonathan and NOI. I am beginning to hate this country I once loved with passion, tribalism is worse than racism. Buhari is a disaster

Babacele:
Kemi is the Joseph of Nigeria! just imagine if na NOI be our minister now. she go talk say she don warn us to prepare for worse days ahead because Rotimi Ameachi lead Gov Forum didn't allow FG (that control 52% of all allocations) to save! all the stealing and economic crimes she supervised like d dasukigate wouldnt have been revealed ,n by now Charles Soludo's fears would come to pass! didn't madam due process Obi Ezekwesili n other wellwishers cry out too when NOI was serving that voodoo economics using pdpnomics-economics without character? It still baffles me how NOI managed to break our hearts- her numerous fans who remember her role in the Paris Club debt forgiveness n d coming of the MDGs to Nigeria. she lost totally , she became n remained a PDP -a very dangerous n devilish state of being. she should keep quiet and reconcile with her conscience that is obviously telling her ' you brought this mess to your country'.

peacengine:


NOI did not serve for 14 years, she served for 4. Kemi has served for one year and made no impact whatsoever.

Tell your pay master to borrow and pay salaries if that will solve this problem.

Pidggin:


Things were working fine despite so called incompetence. I still remember buying fuel at the regulated government price of N87, now Buhari and Co. cannot even ensure that filling stations adhere to government price. I had light at least 12 hours a day, things were cheap.

Enough of this pathetic excuses, governance is not by force, Buhari was voted to CHANGE things, but now we have been CHAINED instead

tee10:


My frustration with nairaland is in two folds
1. PDP folks here are very un inspiring, and lack depth of knowledge
2. APC folks are entrapped into defending govt position no mater how ridiculous they are

Hence we have long threads lacking in depth, reasoning, sound logic, therefore nothing to gain but bigotry and hate

You are an exception, but u should do more to raise the bar, stop getting in this childish APC vs PDP rubbish- we can do dt in 2019

Now to ur post,

Devaluation is a necessary quick fix, (folks are hurting) workers are due for a wage increase anyway

Let's devalue and follow up with economic reforms, ban importation of what we can produce here

This 1: 320 rates only feeds the saboteurs and folks in govt, while fuelling more corruption

The road to hell is paved with good intention, mugabe had good intentions for his people, see how it ended up

This FX policy has frozen up capital, its not working.

On CBN hire

You should care, isn't that why we voted PMB?

Nepotism and corruption are twin sisters, who in breed to conceive even greater corruption

989900:


I posted the below some days ago:


The frustration is real, no doubt.

The present frustration is largely due to our 'no-budget' situation.

Once the budget is passed and the government shows direction in implementation and other policies, things would ease up a bit -- only then can investors (foreign and domestic) make decisions, as it is, the country is in a state of perpetual limbo. And, it's making rate of repatriation of funds much higher than investment of funds -- we have a problem!

Then we have energy issues: the less electric power served, the more fuel we consume/import, the more dollars we require for imports, the more dollar scarcity created = higher exchange rate as felt in the past 2 weeks . . . customers using their bank cards online or at ATMs outside the country can testify to this.

The recent massive importation of fuel recently, siphoned more dollars off the market!


http://naija247news.com/2016/04/how-naira-yuan-currency-swap-deal-will-ease-pressure-on-nigerias-fx-market/

It's a shame we 'technically' do not have refineries . . . heard those should start working part time some time soon, but we've heard that a million times now.
However, we do have pipeline vandals who ensure we do not have power supply, and crude supply to the partially working refineries, nor product supply to the few resuscitated depots.

Then we have hoarders, racketeers and profiteers, aided by senior CBN and bank executives. Now this is the part I blame Buhari for (his stance would definitely create this kind of scenario, now, what are the checks and balances he had in place . . . forget CBN's autonomy . . .).
As for Emefiele and the other CBN deputy governors, they are as crooked as scoliosis -- they are part of the reason why the situation is amplified.

The below is an excerpt from another thread:




Now my questions are:

How will devaluation automatically put an end to all these, I mean it hasn't since 1986.

I want a quick fix, we all want a quick fix, we are all affected; apart from the temporary relief devaluation might bring, how does it solve the 'causes'?

Can anyone guarantee with the same oil prices, the same racketeers and saboteurs won't play their hands, and the black market/official rate wide gap resurfacing?

When do we put a kibosh to the causes?

Fine, pump prices are presently headed for N200/litre averagely albeit temporarily, are we ready to make that permanent -- devaluation guarantees that.

Inflation is presently @ 12.2% (which is an abomination), with devaluation comes agitation for wages increase, comes further inflation -- are we ready . . . ?

Nigerians appetite for foreign goods (which is actually just averagely 25% of the country's demand for forex) will not automatically die with devaluation, rather, there will be call for increase in wages, so we can continue where we left off! We've been doing that since time immemorial. BTW, who bought 36 Landcruisers?

We need to think outside the box to bring the BM rates closer to the CBN rates, some economists have suggested some alternative ways -- the government needs to look into those and get something started already -- a direction!


P.S. About the CBN hire thing, honestly, I DO NOT CARE: we have bigger problems in this country, and if our problems were 1-1000, that will be number 901 -- it's been happening for decades, and will continue to, it happens in most other countries too, if there is a vibrant economy, most of our youths will care less about the CBN.

peacengine:


Who cares, get it right or step down! I can't keep suffering like this.

Babacele:
we are rather lucky to have a good manager like PMB or how do u explain how the clueless team, who started borrowing money @ $70/ barrel while warning us to prepare as if say na our fault for their ineptitude n insincerity, would have managed d Country @ $30/barrel?

where is the money they saved for a rainy day like now ,or the investments they used d money for? abi u dey pray say all the work wey you go do ,let say for 35 years for private or public, where u don suffer saved good money in form of pension ,investments etc somebody eg yr exboyfriend come steal am run....as PDP looted our contiri-?
Now yr new bf come dey try provide using scarce resources n him no dey steal .n d old bf dey even tell bank ( NASS) because na im classmate b d manager (saraki) make dem no pay d guy say network (budget)no good . if u b beta woman , who u go like pass from d 2 guys.?
we must change our orientations ! Nigeria is changing for better no matter una propaganda! saibuhari!

DickDastardly:
Noi and Gej cant do anything anymore to turn around our fortunes. Its now buhari and kemi's onus. We are in economic disarray and the best place to start is to pass the budget asap. Buhari should as a matter of urgency and emergency gather all his people and the nass, quickly get that budget right and signed, from their we can continue our debate.
Modath you will agree with me that nothing is more pressing to Nigeria now than the budget getting straightened out and implemented asap. It will amount to naiviety for pmb to make anymore foreign travel without achieving this, as no serious country will take us serious with all this directionlessness, blames and lethargy in our approach to governance. The people's suffering increases daily and we must be seen to be emparthetic enough and not all this unnecessary political grand standing

Pidggin:


Another paid poster

rusher14:

Sorry.

989900:


Me, arrest her, nah . . . her time will come, and that time you will yell 'murder' as customary.

989900:


Can you please tell me what happened in China?

TPAND:
Fortunate media columnist put up article of calumny debacle to rubbish the personalities of persons who have altruistically served their motherland.

The media is so corrupt that the sincerity and ingenuity of this fortunate columnist have been compromised by the quest for making undue monies from the opposing and antagonizing moneybags and the ones connected to them. Slanderous articles fill up the pages of newspaper, while the world celebrates our past heroes with a colossal lionization.

After reading the lines of this article, I couldn't help but wonder why such slandering write-ups is not directed towards my sister Kemi. We cannot change the past but we have to move forward. This should have been carefully constructed to bedevil Kemi's atrocious performance as our country is dipping fast into a recession.