Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah (549 Views)
Nigeria Should Emulate Botswana And Namibia Town Planning (Pictures) / Do Nigerian Former Vice Presidents Have Life Diplomatic Passports? / Soludo: Nigeria Needs 5 Vice Presidents & A Six-year Single Term For Presidents (2) (3) (4)
| Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by janetdaniels201: 9:29pm On Oct 17, 2018 |
Other Vice Presidents should emulate Osinbajo’s good model – President Weah President George Weah of Liberia has showered praises on Nigeria’s Vice President, Prof Yemi Osinbajo describing him as good role model for other Vice Presidents to follow. Prof Osinbajo who is in Liberia to speak on leadership and women empowerment at the International SHEROES Forum paid a courtesy call on President Weah in Monrovia, the capital of Liberia on Wednesday. Mr Weah who spoke glowingly of Osinbajo said Africa needs more leaders like him, given his brilliance and loyalty, particularly during his stints as acting President of Nigeria. "You kept your country together in peace while President Muhammadu Buhari was away. That is a good model for other vice presidents to follow," President Weah said. But President Weah was not alone in praising the good works and integrity of Prof Osinbajo. Also commenting on Osinbajo’s giant strides at the SHEROES forum, keynote speaker Joyce Banda, who is the former President of Malawi said she was perplexed while listening to VP Osinbajo’s speech. "When I heard you speak (as VP in Nigeria) I asked who is he? They said he is a pastor. I was grateful because what we really need in State houses in Africa are God-fearing men." Banda also echoed the sentiments of President Weah urging more African leaders to follow the footsteps of Nigeria’s Vice President. While in Liberia, Prof Osinbajo participated in the formal launch of the Jewel Starfish Foundation. The foundation is an organisation founded by the Vice President of Liberia, Jewel Howard Taylor, to provide educational opportunities to women and empower young women with capacity building tools that would enable them to achieve sustainable means of livelihood. It also aims to inspire and provide mentoring for women, among other numerous objectives. Other distinguished personalities at the event include former Liberian President, Madam Ellen Johnson-Sirleaf, who is the keynote speaker; former Vice President of Zimbabwe, Dr Joyce Mujuru, among other personalities. 1 Like |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by Giddymoney(m): 9:33pm On Oct 17, 2018 |
janetdaniels201:
|
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by sLentlover7778(m): 9:35pm On Oct 17, 2018 |
true talk Mr president.. Peter Obi has learn alot from Osibanjo..now it's time for him to put what he has learnt so far to work come 2019 when he officially become the VP of our dear country Nigeria.. #Atiku2019 3 Likes |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by forgiveness: 9:42pm On Oct 17, 2018 |
Omo dada ni. Sai Buhari!  |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by Nobody: 9:50pm On Oct 17, 2018 |
When I heard you speak (as VP in Nigeria) I asked who is he? They said he is a pastor. I was grateful because what we really need in State houses in Africa are God-fearing men." God bless Osinbajo God bless Buhari God bless Nigeria 3 Likes |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by slivertongue: 10:04pm On Oct 17, 2018 |
patronizing talk... |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by Ozibe: 10:23pm On Oct 17, 2018 |
Ouch!
|
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by Kyase(m): 10:29pm On Oct 17, 2018 |
And somebody want make we obituary...... Atiku wan kill Nigeria, obi go come bury am, Holy Ghost fire... Osibobo continue your good work.... |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by Alary: 12:39am On Oct 18, 2018 |
sLentlover7778:Impossicant ! In fact past Impossicant tense .LWKMD |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by SarkinYarki: 12:53am On Oct 18, 2018 |
Osinbanjo is unfortunate to work under Nigerias most useless leader ever |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by KanwuliaMama: 1:03am On Oct 18, 2018 |
Brilliance and LOYALTY to a CORPSE like a vulture! No wonder Liberia is yet to see success! We want a vibrant VP, not a dull dwarf! Mr. Weah! Please attend to your harem of BABY MAMMAS! Tank you!  |
| Re: Other Vice Presidents Should Emulate Osinbajo’s Good Model – President Weah by jpphilips(m): 2:11am On Oct 18, 2018 |
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economy? Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....Bloomberg Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why; You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model) The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place. A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku......... You have my express authority to circulate at will 1 Like |
(1) (Reply)
Protest In Court Over Alleged Disbandment Of Osun Election Tribunal / Watch live Video Of Nnamdi Kanu Praying In Jerusalem / 2019: Yoruba Youths List Condition To Support Atiku
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 43 |