₦airaland Forum

chronique:
So a loan with a 12 years maturity that cumulatively adds up to 43.2% is better than that of a 38 years maturity window and cumulatively adds up to 47.5%? Some of you have no business being in business or discussing anything finance.

obailala:
I think one point I've gathered from this argument is this; the Chinese give infrastructure and not money, and that already nullifies your argument.

You claim the IMF gives money and monitors what it's used for but the Chinese give without condition?... With all the IMF loans Nigeria and other African countries have received over the decades, how come we still struggle to point out the location of infrastructure these loans were used for?... Whereas on the other hand, the Chinese build infrastructure directly without handing cash over to our kleptomaniac leaders; in Nigeria today we can point out the functional Abuja to Kaduna rail, the Lagos to Ibadan rail, the negotiations for Mambilla are ongoing etc.

After so many decades of enriching klepto leaders who in turn return the stolen funds to western banks, it's amusing that we still have Nigerians who still BELIEVE the IMF actually cares about how the loans they give to Africa are spent.

Jokerman:
So you expect EFCC to go after Tinubu.... Buhari has lost election niyen....

SA’s Recession: how did we get into this mess?
15:37 10/06/2014
South Africa’s economy plummeted into recession in the first quarter of this year for the first time since a recession in 2009. But how did we get into this mess? And how do we fix it? Analysts blame the current recession on low mining output due to a protracted strike in the platinum belt. But that’s not the whole story.

Gross domestic product fell (GDP) shrank 0.6% quarter-on-quarter in the first quarter after a 3.8% increase in the final quarter of 2013, Statistics South Africa said on May 27, 2014. GDP was dragged into negative territory by a 24.7% plunge in mining production and a 4.4% fall in factory output in the three months through March.[i] The rand fell to a low of 10.4570 against the US dollar on the back of this news, down about 1% on the day, and was still on the back foot at 10.4300.

wirinet:
The strong naira is only part of the problem, the biggest problem is the lack of infrastructure to aid production and manufacturing, so we could not produce what we consume before we even start talking of export.
No national currency can thrive on a total power output of 5,000Mw, no railway system and horrible road infrastructure.

wirinet:
You are completely wrong. Our problems are caused by ALL our leaders since independence, including Jonathan and Buhari. They ALL lack foresight on how to build a prosperous nations. Awolowo, Zik and Tafa Balewa made foundational mistakes by not investing in developmental infrastructure like power, roads and rail and compounded the problem by not investing in science and technical education. Gowon made it worse by simply blowing away oil windfall of the early 70s. Subsequent governments have been short sighted, inept and corrupt.

No national currency can strengthen when you produce nothing and need foreign currency to import everything, from petrol to tooth pick. Your currency will be in an eternal free fall. Basic economics.

Ibukunmer:
See above. I want us to go back to region system or split up. Southwest for instance had a good growth period and better HDI in the 60s and late 70s due to the blueprint of Awolowo.

Now we are left with leaders with low Iq who can simply wait for monthly income from the federal government without thinking outside the box.

There's no long term strategy as we don't speak the same language(literally and figuratively speaking). I.e. the advantage of Lagos to Nigeria cannot be overstated but how many ethnic group can approve a massive infrastructural development in Lagos without going up in arms.

Look at the politics behind the distribution of project across Nigeria and the nepotism going on.

I am a Yoruba man, but i cannot but cringe at the staunch defence of guys like Tinubu by fellow Yorubas something of which would never have happened if it's just a Yoruba republic. Tiwa n tiwa is destroying Nigeria as everyone is protecting their own out of pride.

I hope you get the idea.

On a last note, oil and gas has proven to be a curse rather blessing.

International football player Shiva N'Zigou, who at some point played at the French club Nantes noted that his mother had been killed in a ritual act for him.

In a video, reposted by the Le Chronique du Gabon YouTube channel and apparently first released by a local television channel, former Gabonese forward Shiva N'Zigou addresses the general public revealing his mother was killed for the sake of his football success.

According to Shiva, his father committed the horrendous act as a ritual killing “in the name of his business prosperity,” namely to keep the money his son earned to himself, so that Shiva could then make further progress in football. According to Shiva, the financial aspect had been an issue in the family.

The footballer separately noted that at the beginning of his sports career, his parents faked his ID, changing his name and reducing his age by five years.

Shiva also provided a couple of saucy details about his personal life, saying he had had relationships with men, one of whom he reportedly dated for a year, as well as had “rapports,” or liaisons with his aunt and sister during some religious festivities.

N'Zigou played for multiple football clubs, including French FC Nantes, and rounded off his career in 2016. The player partook in 24 matches as part of the national Gabonese squad from 2000 to 2008, netting five goals. N'Zigou is believed to have been the youngest player in the African Cup championship, reportedly making his debut at the age of 16.

Jakumo:
June 12th was the best approximation of a free and fair electoral process that was possible at that critical time when military rule appeared on course for an orderly transition to civilian rule, after decades of dictatorship. The landslide victory recorded for Abiola was attained under peaceful and orderly conditions, with negligible procedural flaws reported.

Ihateyoumod:
Now u r praising the Chinese govt....shey wen buhari was travelling to China u were calling him ajala..y do u pple hate development. Now they want to bring back the pple who put them in poverty

NEW DELHI — Struggling to pay its debt to Chinese firms, the nation of Sri Lanka formally handed over the strategic port of Hambantota to China on a 99-year lease last week, in a deal that government critics have said threatens the country’s sovereignty.

June 9, 2013 1:32 pm by Benedict Mander in Caracas

Hyperinflation is looming in Venezuela, with prices suffering their highest monthly rise on record in May, while the economy slides into recession and the popularity of Nicolas Maduro, the new president, wanes.

Butterflyle0:
Doofus you mean like the boro port, ajaokuta link rail and steel mill, 2nd Niger bridge, Our incoming national carrier etc are not being funded by the government of the day or were not awarded by the government?

Oga pack your brain from the floor where you dropped it. You are hardwired to spew nonsense.

Butterflyle0:
So GEJ negotiated what you call negative based on agreements made and actualization yet you cannot stop praising the same buffoon despite how you just slammed him above.



I did tell you that your foolishness is like the 10th wonder of the world and you jus confirmed it.

Butterflyle0:
I guess the Chinese government came here, took over our government, Negotiated the terms of the project with themselves, authorized the project themselves, gave themselves access to the airport right?

You people shock me with your nonsensical comments.

Butterflyle0:
Another good one. I saw the projected aerial view by the time all is finished and it looked awesome.

This is very commendable.

PMB is making me proud daily.

Soon our national carriers will arrive and I will be even more proud to be a Nigerian with our very own national carrier.

mogul555:
The government has just 5 % stake,she should keep her curse to herself.

airsaylongcon:
This long epistle is a hatchet ghost writer for MTN

Has MTN not in itself violated ILO on unionism? Mtn that uses overt and covert threats to staff who dare join union aren't in violation of ILO rules? NLC no even picket dem reach

superemmy:
My problem is mostly our government's total unwillingness to act up. Why are Mtn and shoprite not sanctioned for their unending infractions?

Why is Dstv left to operate with a monopoly unrivalled by any Nigerian firm or operating services?

Why is the Nigerian government refusing to indigenise the south African companies and block their unhindered foreign exchange repartriation back to their country?

I blame Nigeria's soft stance towards this issue? If even at home, the Government doesn't regard the sanctity of human life, how then can they protect it overseas?


Buhari You have failed. By now a normal government supposed to withdraw embassy and issue international threats of equal violent reactions.

LordsApostle:
This is the typical Nigerian behaviour, everybody so wicked and inhumane, always in search of things to water their pockets, and build big house in their village, at the expense of the next man, even if that will cost the next man grevious pain, it doesn't concern you as far as u are making money from it. It's devastating, do not think this is just limited to the police, it is an average Nigerian mentality, go to state ministries and see what happens there.. Same reason why many countries hate Nigerians and wouldn't want to see them close to their country, even neighbouring countries, because we take these stupid criminl traits outside and think it is tolerated in saner climes... We keep up parading and flaunting it in society brazingly, not seeing anything wrong with it, we call it "smartness" but in reality you are just being, selfish, criminal and wickedly heartless.. Yet, everyone is quick to point Buhari, we think Buhari is our problem, the problem is us, Nigerians are terrible people and No country on earth can ever advance with such terrible,wicked,greedy,coveteous group of people... Ironically, Na we go church pass; talk about hypocrisy and foolishness....

We are our own problem.

Chi59:
Feminist or not, he saw and fell in love with her despite the nose ring. Wouldn't it feel like she lied if she removes it for his parents sake only to put it on after the wedding?

He knows his parents doesn't like 'such ladies'. Why then did he fall in love with her?

magicminister:
WHAT ARE ALL THE BILLIONS OF CHURCHES IN NIGERIA DOING TO HELP THE PEOPLE??
BESIDES THE CATHOLIC CHURCH, WHICH OTHER CHURCH HAS GONE OUT OF ITS WAY TO MEANINGFULLY AND POSITIVELY IMPACT THE LIVES OF THE DOWNTRODDEN IN OUR SOCIETY?

Mogidi:
Oil is now over $80 yet Buhari's padded budget says $45.