₦airaland Forum

Posted: October 17, 2011 - 16:26
President Goodluck Jonathan's financial recklessness has further depleted the strategic foreign reserve of the Nigerian state by $3.5 billion in 2011 alone, according to information obtained by SaharaReporters.

A source at the ministry of finance told SaharaReporters at the weekend that when Mr. Jonathan came into office, he met a robust foreign reserve in place, but this year alone, he and his gluttonous inner circle have frittered away $3 billion of the reserves, which is now at $32 billion, down from $35 billion in January.

Reserves in Africa's top crude exporter did rise sharply to $34.59 billion by Oct. 14, from a multi-year low of $30.86 billion on Oct. 7, the central bank latest figures showed. The reserves were at the same level a year ago.

Muza:
U ar either a govt official or a member of the cabal, telecom is not fuel, they ar very different things, do u know PPPRA,the agency incharge of setting up d price template nd paying subsidy to marketers,obviously u dnt,u just read sm few news in d papers nd dat GEJ's post about steve jobs,then swallow nd digest evrythn d govt tells u.

Blackteeth:
Nigeria can't afford the increased minimum wage for the masses but can afford increasing the wages for the president, governors and lawmakers.

Onyocha:
@above
you really dont deserve one.do you know how many times the government of china has resisted american attempts to manipulate and devalue the chinese currency against the dollar? The chinese put in place checks to keep their currency strong and stable at the dismay of the americans.

toba:
lets go down memory lane
Babangida regime price/litre was N5

Abacha increased the price to N11 in 1994 or so

Abdulsalam increased the price to N20 in 1998

OBJ increased the price to N22 in 2000

OBJ increased price to N26 in 2002

Obj increased price to N30 in 2003

OBJ increased price to N37 in 2003

OBJ increased price to N40 in 2003

Obj increased price to N42 in 2004

Obj increased price to N50 in 2005

Obj increased price to N65 in 2005(which led to the death of ubani, the journalist on his way to Abuja to protest the increment)

Obj increased price to N75 in May 2007

Yar adua reduced price to N70 in June 2007 after nation wide strike

Yar adua in 2009 reduced price to N65 during the global reccession when a barrel of crude oil was sold for under $60

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I hope i got the dates right but the progression is very correct from Babangida to Goodluck. So new refineries could be built in over 25 years? during this period, Nigeria imported fuel from different countries including Libya in 2005 that damaged many cars in the country during Abacha's regime. too bad

Controversial peer Baroness Flather caused outrage yesterday with a claim that Nigerian men marry four wives because they are lazy.

Speaking on a radio phone-in debate on polygamy, she said: ‘Most of the men in Nigeria don’t do anything, their wives do all the work, that’s why they have so many.’

Lady Flather spoke out after a Nigerian caller told how his father had four wives, they all lived together in the same house without arguments and their 11 children were all well educated.

The crossbencher, Britain’s first female Asian peer, recently made controversial claims that some Asian families in Britain have lots of children in order to claim extra welfare payments.

Yesterday’s comments were made as she spoke as a guest on the BBC Radio 5 Breakfast show, presented by Nicky Campbell.

Campbell was joined in the studio by Khola Hasan, of the Islamic Sharia Council, which says polygamy is on the rise among British Muslims.

Following the peer’s comment, embarrassed laughter could be heard before Mrs Hasan said: ‘That’s a bit unfair’.

Campbell then interjected: ‘If I’d said what you’ve just said I’d be in the papers tomorrow for racism, wouldn’t I?’

But the baroness went on: ‘They have four wives – one to do the farming, one to look after the children, one to look after the man and one to do the housework. It is just a fact. Why should I lie?’

Two British Nigerians later called the show and condemned the comments, pointing out that polygamy is a sign of affluence rather than idleness.

Last night Radio 5 said the peer’s views were ‘entirely her own’.

HOUSTON — At home in Nigeria, the Pentecostal preacher Helen Ukpabio draws thousands to her revival meetings. Last August, when she had herself consecrated Christendom’s first “lady apostle,” Nigerian politicians and Nollywood actors attended the ceremony. Her books and DVDs, which explain how Satan possesses children, are widely known.

So well-known, in fact, that Ms. Ukpabio’s critics say her teachings have contributed to the torture or abandonment of thousands of Nigerian children — including infants and toddlers — suspected of being witches and warlocks. Her culpability is a central contention of “Saving Africa’s Witch Children,” a documentary that will make its American debut Wednesday on HBO2.

The head of the National Airport Management Authority (NAMA), Rochas Okorocha, was caught and dismissed for embezzling about $1 million through an inflated contract;Obasanjo then appointed him as a senior aide, without requiring Okorocha to repay the stolen funds. Okorocha was eventually fired on July 13 in a cabinet reshuffle, but went on to start a political party for his renewed presidential ambitions.

Beaf:
Sometimes, I wonder why you strive so hard to maintain an aura of pig-like daftness. Everybody knows that the term KGB represents Russian intelligence, it might even interest you to know that the Soviet KBG continues to exist unchanged (name and all) in some of the old Soviet Union states.

This is the KBG headquarters in Minsk and a link to their website. Stop being eternally silly and attend to the topic or shut up, sir.

http://www.kgb.by/eng/

Blackteeth:
This thread is irrelevant because posters will say things that they will find impossible to do when they find themselves in the president's shoes.