Gerrard59:


Cultural differences, and I like to suck breasts. Although, I am very open-minded.

folake4u:


What is this? 🤣🤣🤣🤣🤣🤣

Gerrard59:


I am being honest. I love the breasts of women - succulent, well-shaped and if possible, pointed. Suck them like a baby with her hands caressing my big head.

folake4u:


Wahalurrrrr. I think say na only book you sabi.

Never really seen you talk about women on NL streets.

Gerrard59:


I love the body of women - well-marinated vagina worthy of being sucked and licked; well-shaped, perky, and sumptuous breasts to be sucked tenderly. As someone born and bred in a black dominated society, and with my time in an environment with few blacks, I have come to realise the beauty of black women. I might change when I see myself in a Latino-dominated society, but for now, East Asian and White women don't freak me. I like breasts, and so far, na only black women get them.

I really do love breasts. Seeing them makes me relieved.

Na God go punish those wey vote for Buhari in 2015.

Agboriotejoye:

1) I totally disagree with your claim that democracy and free Markets leads to prosperity. A very

2) The question of what causes corruption is a philosophical one rather than an economic one. It's like asking what causes bad behaviour. The bottom line is the effect and I'm telling you it is the single greatest inhibitor to our economic development. IBB’s regime is generally viewed as the most corrupt in our history. Any reason for that other than failure?

Gerrard59:


I love the body of women - well-marinated vagina worthy of being sucked and licked; well-shaped, perky, and sumptuous breasts to be sucked tenderly. As someone born and bred in a black dominated society, and with my time in an environment with few blacks, I have come to realise the beauty of black women. I might change when I see myself in a Latino-dominated society, but for now, East Asian and White women don't freak me. I like breasts, and so far, na only black women get them.

I really do love breasts. Seeing them makes me relieved.


Na God go punish those wey vote for Buhari in 2015.

folake4u:


Wahalurrrrr. I think say na only book you sabi.

Never really seen you talk about women on NL streets.

GloriousGbola:


You know nothing young grasshopper

IbeOkehie:


I'm not a public intellectual, activist or politician or anything. I'm an ordinary adult engaged in discussions with other humans on a public message board.

I'll attend try and deal with one or two fallacies you put up there. When you dispute basic facts I don't see the point 🤷 of discussing anything at all.

Look what you wrote on CORRUPTION, what do you mean it's a PHILOSOPHICAL thing No sir, it's an economic phenomenon called RENT SEEKING. I'm sure you've come across that term. It's a simple thing that everyone should know. That you get this one so wrong out shows you completely out of depth here.

The cause of corruption is government ownership of commercial entities, application of subsidies and government regulation of prices. Abolish all the above and corruption goes away. Yes, it's that simple. And the evidence is in plain sight.

PUBLIC OWNED UNIVERSITIES - Nigerians have to know someone, pay cash bribes or offer sex to get admission, especially to a preferred course of study. This is common knowledge.

PRIVATE UNIVERSITY - no bribes. I've not read of a single instance. Let's make it concrete, do you know of or have you read any report or heard any complaints about corruption at a private university?

When government completely controlled and subsidized the telecoms sector, you had to pay a bribe to get a phone line. Today there's no bribes paid in telecoms. Corruption has disappeared.

Why is there corruption in public universities? Because they're mispriced, usually priced below the true market value because they're SUBSIDIZED by government.

The last time I read the relevant National University Commision report, the cost of producing a Nigerian University graduate was put at $3000 per student.

No Federal University student pays that amount to the government. They pay some pittance of $50 or so to the government.

When the University administrators and professors see that they're producing a valuable product for which the buyers are underpaying, they apply RENTS to extract the rest of the value. How? Direct bribes for admission is one method. Another is selling handouts and such. If you're a graduate you know all the ways.

Another economic principle in play is DEMAND & SUPPLY. When the government keeps the price of tuition so low compared to the real price, it causes DEMAND for university education to rise beyond available spaces. When demand rises so much, the university administrators and professors take advantage to extract corrupt RENTS.

All these rents go into the pocket of the corrupt professors and university officials. These moneys should be TUITION paid to the owners of the University, who can then use it to keep the facilities maintained and up to date and hire good teachers. This is why government Nigerian Universities have such low quality while the private institutions are much better.

Also, those private institutions that don't maintain high standards will suffer a reduction on students seeking admission. That's free market competition at work, another economic principle. If Covenant University starts performing badly, parents will start sending their children to Igbenideon University. Then Covenant will seek out their bad workers and dismiss them and hire new ones. Maybe seek out a new VC. And they will hire for competence, not for political reasons. This is another reason corruption persists at government owned universities, the staff have political protection and are rarely dismissed for cause. In economic terms public universities have a relatively inflexible labor force.

I've explained corruption using the economic principle of rent seeking and also demand & supply. Very basic stuff. So why do you come here claiming CORRUPTION IS NOT AN ECONOMIC PHENOMENON? It's very much economic, thank you. I trust at this point I shouldn't have to explain HOW corruption disappeared from the telecoms industry in Nigeria? I truly hope you understand the economic mechanisms I've outlined.

Now you cite China as evidence that an undemocratic government can deliver strong economic development. China has developed because it delivered OTHER things that compensate for lack of democracy.

I've stated the 4 factors that lead to economic prosperity, happiness and high HDI. China has homogeneity OR dominance by one ethnicity and markets that are much more free than before 1978. Those 2 out of 4 have been enough for China for now. The problem in Nigeria is that we have basically NONE of the 4 factors, maybe a little democracy that's it, let's say 0.5 out of 4, and it shows.

Norway, South Korea and Germany have all the 4 factors. So please try and apply a little perspective.

Now on SAP your source is a newspaper article, an opinion piece. And it does not say IBB took any IMF loan. What happened is that after much public debate, the government rejected the IMF loan and decided to voluntarily implement the conditionalities called SAP.

In fact no Nigerian government up to 2015 ever took a loan from the IMF. Reason? IMF loans were bundled with legally binding policy conditions and the Nigerian public, especially the university educated segment, was hostile to such mandates that would require them to work and be productive. As I've repeatedly stated, Nigerian governments ALWAYS do what the people want. 🙄

Anyway opposition to SAP is religion in Nigeria.
SAP created ALL the productive sectors of the Nigerian economy that exist today. There would be no developed telecoms sector without SAP. Nigerians hate SAP because it requires a populace to be hard working, productive, pay full price and assume some risk.

As in most things, the vast majority of Nigerians are wrong, which is why their country is the Poverty Capital of the World.

The single biggest inhibitor of the Nigerian economy is SOCIALIST POLICIES of which the most significant is regulated currency pricing.

Other detrimental major economic policies are government ownership of land or non-existent private property rights, government ownership of many major commercial entities, and direct & indirect regulated pricing and subsidies in many sectors.

There's NOTHING unique about Nigeria. Look around the world, the most prosperous economies are free market economies.
It's right there in our face, there's nothing to debate. If you want to be like Norway and Singapore and USA, build the same kind of society they have. Noooo, Nigeria just adopted the structures of USA style democracy without the FREEDOM that is the underlying intent. I can own land in the USA but not Nigeria. So how on earth can we claim to have copied their system and not gotten the expected similar results?

I believe I've done justice to the issues you raised. I hope my writing is coherent, I had to stop and start and rewrite a lot. Thanks for the exchange. I did learn something.

Good Luck to Nigerians.

HeeBraHim2:
You lose the moment you start showing Obi as the option.
He cannot even turn Anambra to what he want to turn Nigeria to.

Gerrard59:


I love the body of women - well-marinated vagina worthy of being sucked and licked; well-shaped, perky, and sumptuous breasts to be sucked tenderly. As someone born and bred in a black dominated society, and with my time in an environment with few blacks, I have come to realise the beauty of black women. I might change when I see myself in a Latino-dominated society, but for now, East Asian and White women don't freak me. I like breasts, and so far, na only black women get them.

I really do love breasts. Seeing them makes me relieved.

Na God go punish those wey vote for Buhari in 2015.

Rent seeking? That's the most narrow definition of corruption I've ever heard.

You simply think corruption starts and end with getting financial or economic advantage. How do you describe Buhari's blatant nepotism or the refusal of Emefiele to release audited reports of CBN?

How do you describe a situation prevalent in Nigeria whereby ethnic or religious considerations sometimes find their way into public policy like the brouhaha we had over relocating of some offices to Lagos recently? Corruption comes in many forms and dimensions and to narrow it to just rent-seeking is a sign you don't have a full grasp of what embodies corruption.

Corruption is philosophical because whoever wants to carry out corruption already believes the system will allow him get away with it before he does so. Where you have a system that abhors and punishes corruption, it takes a backseat. Corruption is strictly philosophical phenomenon. A senator came out recently and informed everyone he has a daughter working in CBN when CBN has not advertised any recruitment in the last 7 years. He already knew he won't have to explain how his daughter got into CBN and that's why he had the nerve to announce it to the public on a totally unrelated matter.

Are you really sure there's no corruption in private universities and telcos? Have you bothered to find out how private universities obtain their licences and accreditation? Even student placement into highly sought after departments is corruption filled in private universities. Go and find out

As for telcos, go find out how they have been obtaining spectrum licences and renewals. A telco I know obtained 5G licence recently despite not participating in any bid for it.

You keep claiming US is the freest market.

Can you juxtapose US govt response to the financial crisis of 2008 vis-a-vis free market. Why was billions of dollars doled out to banks, automotive industries and real estate instead of letting them die off since they drove themselves into a ditch. Why did the US adopt protectionist methods to salvage those sectors?

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market. In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Why has the US been having running battle with China over import devaluation since the time of Obama up to the era of Trump who actually billed Chinese companies and even made serious moves to weaken Huawei's dominance of telecom vendor market? Why didn't the US leave all these issues to free market concepts? The US jealously guards its agric sector and Defence industry yet you claim they are the freest economy. I hear you.

This your scoreboard is funny. Ghana is west Africa's most stable democracy. Nigeria that you gave poor marks is faring better than it. How do you explain that Russia is doing better economically than the Germany, Norway you touted. Russia is neither democratic nor free market nor homogeneous. How do we explain that? You co-opted China into your scoreboard through manipulations. China heavily suppresses ethnicity just as it does for religion as is expected in a communist state. Yet you're using those two as evidence of good economic judgement on their part? Wow.

I don't know what you mean by people can't own land in Nigeria. I'll like you to enlighten me further on that. Maybe there's something I'm missing.

P.S. Go and read that screenshot well. IBB owned up to the failure of SAP in an interview with channels in 1992. It was a reportage not an opinion. IBB took loans from World bank while implementing SAP. It's a known fact. It was IMF loan he rejected as if there's a difference

Q: What do you make of this administration’s handling of the economy so far?

A: For the fact that it hasn’t collapsed, I think they are trying to keep it moving.

Q: What are the indices you would say they are putting in place to actually move the economy forward?

A: I think they need to mobilize the people towards achieving this common objective. You should convince and prove to them that they can do it; the resources are there; you are there to provide leadership and to support them.

Q: Are you concerned that the Naira side by side the Dollar

A: It says a lot. But I think we can address it. Production. Once people can produce a lot of things that they can easily sell, either by export or within the country I think it will stabilize.

Q: How can that production come about? You have unemployment rate of about 33%. You have a huge youth population that is almost 70% of the Nigerian population. And yet Nigeria is the poverty capital of the world.

A: There is too much control in the way the economy is being run. We should open it further. If we do that and tap the God given talent of the Nigerian people I think we will go far.

jmoore:
I find it ridiculous when some folks keep repeating 'Obi also said he will remove subsidy and float the forex'.

There is a difference between words and actions. One might change plans when faced with the negative impacts that may occur.

It is ridiculous to cherrypick the one that suits you. Why didn't Kperogi say anything about how Obi promised to fight insecurity if elected? Tinubu, Obi and Atiku promised to fight insecurity. Why is Tinubu not implementing the fight? Terrorists are doing promo. Kperogi should channel his criticism only on the one elected.

jmoore:
I find it ridiculous when some folks keep repeating 'Obi also said he will remove subsidy and float the forex'.

There is a difference between words and actions. One might change plans when faced with the negative impacts that may occur.

It is ridiculous to cherrypick the one that suits you. Why didn't Kperogi say anything about how Obi promised to fight insecurity if elected? Tinubu, Obi and Atiku promised to fight insecurity. Why is Tinubu not implementing the fight? Terrorists are doing promo. Kperogi should channel his criticism only on the one elected.

ogododo:


https://www.farooqkperogi.com/2024/02/tinubu-nigeria-is-sinking-and-streets.html

folake4u:



Hahahaha. What a description! 🤣🤣🤣🤣

I'm surprised you don't like East Asian women. But they're really beautiful though. You haven't see any busty Asian babe over there?

Latina women are also well endowed too.

Women are beautiful creatures. I'd say it again and again.
Hahahaha you and this Buhari though.

IbeOkehie:
Oga Agboriotejoye, I don't know what to tell you again, but your commentary just keeps bringing me back.

Of course they don't want to release their accounts. Because it would reveal corruption. Again the question - WHAT IS THE CAUSE OF CORRUPTION? The major cause of corruption I can think of in the CBN are:

1) Subsidized loans like the Anchor Borrowers Scheme. The beneficiaries are not going to pay and food prices are general proof they didn't invest in production anyway. Like I said, subsidies promote corruption.

2) Forex round tipping. Everyone knows this. WHY DOES IT HAPPEN? It happens because the government has imposed REGULATED pricing for the forex market. So those working at CBN naturally take advantage.

From the above, the SOLUTION to corruption at the CBN is simple and straight forward - abolish all subsidies and regulated prices. Why is this so hard to understand? Sheeesh!!! There's no OFFICIAL PRICE different from PARALLEL PRICE of forex in the USA or UK or Norway. Have you traded forex before? The price you get trading on your personal forex account is the same thing the government gets. When Nigeria starts doing that, corruption will be greatly reduced at the CBN.


My friend, why do I have to describe everything in miniature detail? This is a simple matter. The problem here is DIVERSITY, lack of a dominant ethnicity. One way to REDUCE this is through regionalism, regional autonomy. Like the USA has for states and the UK has for it's component nations. It's not rocket science.

No, corruption wouldn't be possible in the first place without GOVERNMENT OWNERSHIP AND CONTROL. In the case of CBN and other central banks, they have a monopoly on the production of money and they can do it out of thin air, from nothing. Well, the markets have come up with an INNOVATIVE way to ABOLISH central banks and so make money completely immune from fiat impulses. How? Blockchain based cryptocurrencies like BITCOIN and ETHERIUM.

Basically, if Nigeria wants to abolish the CBN, adopt bitcoin. Since government will lose it's monopoly over currency, that Senator's daughter will have to go get a job elsewhere. This EMPLOYMENT CORRUPTION is the basic reason Northern APC politicians are so desperate to recreate Nigeria Airways. So there it is again, I've proved it - CORRUPTION ONLY EXISTS BECAUSE OF GOVERNMENT CONTROL OF AN INDUSTRY or due to GOVERNMENT REGULATED PRICES.


Dear Sir, it doesn't have to be an absolute. There's no country or industry or sector with ZERO corruption, the real issue is the preponderance or incidence of it. How to REDUCE corruption to a minimum. Come on man! Here's the simple question I'd like you to answer, please don't avoid it. Between publicly owned Universities and privately owned Universities, which are more corrupt, where is there more incidence of corruption?

I doubt that, but even if true I ask you again - between NITEL and the private owned telcos, which is more corrupt? Which once did Nigerians have more complaints about their corruption?

Well one of the freest markets, yes. Norway and many Scandinavian nations have even freer markets. For example, Norway and Sweden have no minimum wage laws such as exist in the USA.

The protections of USA industries by the Obama Administration was wrong and it greatly harmed the USA economy. President Obama himself is a socialist inclined politician. In fact the 2008 Economic Crisis was caused by government regulations implemented in 1999 by President Bill Clinton. The USA government at that time FORCED banks to lend to unqualified borrowers for political reasons to secure Black votes for Bill Clinton.

The USA and China are basically at war. When it comes to war, every rule is out the window. Don't be ridiculous. Huawei was suspected to bugging USA and Western telecoms networks. The USA does the same to China, which is why China is desperate to develop better civilian planes to compete with Boeing.

Russia is dominated by the Russian tribe....complete domination. There's other tribes like the Chechens, Jews and Turkmen in Russia too, but the Russians are dominant. China is dominated and ruled by the Han tribe. In fact it's almost law in China that you can't become a high government official unless you're Han. On government websites, the tribal origin of government officials are listed.

You're Nigerian. Surely you're familiar with the Constitution of the Federal Republic of Nigeria? You're a Nigerian with family ties and friends in that country. [b]Do you know ANYONE with legal TITLE or DEED of ownership for any piece of land in Nigeria? Have you ever seen a CERTIFICATE OF OCCUPANCY and read the fine print? Any educated person should know the difference between OWNERSHIP and OCCUPANCY.[/b]
Good Luck to Nigerians.

nairalanda1:


1.Subsidy is not bad, but you have to have the money to pay for it. Here in NIgeria, our tax to gdp is too low to pay for subsides. As for the oyel money....90% is going on debt servicing , and we produce as much as Libya, which has 8 million people, and which can afford to subsidise. We have 200 million people, and far more needs than LIbya. Wey the money go come from.?

2.US, UK, Russia, China, and Europe pay what is called production subsides. In other words, they pay money to the refining companies to see if they can reduce costs.The refineries and market still set the prices. Also, US Has some form of financial aid to the poor re fuel, but you have to be means tested to see if you deserve it.(and if the government thinks you earn above a certain level, ye don't qualify).

US by the way, fuel prices vary from place to place. Some states eg California, are very very expensive.

(Also spend some time on US sites like reddit...someone posts a thread showing a photo of a fuel station in the USA from say 1949 or 1960's where fuel costs 50 cents a gallon, and people would be complaining like NIgerians, lol).

Here, we made the refining companies sell fuel below production cost, and paid them a subsidy that doesn't adequately cover the production cost. That is how we went from 40000bpd capacity in 1986 to 92000bpd in 2011, to 6000bpd in 2019. And because domestic refining was not profitable, the refineries all collapse.

Venezuela also does subsides like we do. Fuel costs N40 there. Meanwhile they have lost refining capacity so badly it is sad.

NIger is poorer than we are, they have a refinery, they have domestic crude production, and fuel there costs 1000 naira per liter or more. NO subsidy. DItto Ghana. Two working refineries self in Ghana.

You have done so well explaining facts so clearly, but why it has been difficult to accept it is funny. You mentioned racial/ethnic dominance countless time, but the fellow finds it hard to grasp. Mind-boggling to say. Well done. I don't know how old you are, but maybe for posterity and philanthropic sake, think about lecturing at a public university in Nigeria, preferably the East for free. Lecture on economics and international relations.

Regarding ownership of land, you mean the 99-year lease? If so, then yes, Nigerians don't own land. Rather it is on lease.

As for bank bailouts, well, proponents say it is good as big banks or companies are too big to fail as the effects on the economy would be catastrophic.

Yes, Obama is a socialist just like the rest of the Democratic Party.

In a diverse country as Nigeria, unadulterated capitalism is the best economic system. Socialism, not even communism, can only work in homogeneous societies. Even with that, the population should not be more than 5 million and they should have a bountiful amount of natural resources. It is always funny and borderline annoying when I read black people loathe capitalism.

Gerrard59:


They are very beautiful facially, I won't lie. Very beautiful. But my love for breasts is like copied assignment, I cannot explain it. I have been asked by Japanese men what do I think of their women, and this is my response: your women are beautiful facially, but I prefer black women because they have big breasts and yansh. Their response? They understand and respect my choice.

As for Buhari. He ruined the economy and worsened insecurity.

folake4u:


Na wa oh.

First time I'm seeing you so explicit on choice of women.

Wait oh. Was your account hacked??

Yeah. Buhari did a lot of evil in his tenure.

Gerrard59:


Me wey sabi all the sex styles in this world? I love women's bodies. I really do. If I write on the art and science of sexual intercourse eh.

IbeOkehie:
I don't know what to tell you again, but your commentary just keeps bringing me back.


If you say so.


Of course they don't want to release their accounts. Because it would reveal corruption. Again the question - WHAT IS THE CAUSE OF CORRUPTION? The major cause of corruption I can think of in the CBN are:

1) Subsidized loans like the Anchor Borrowers Scheme. The beneficiaries are not going to pay and food prices are general proof they didn't invest in production anyway. Like I said, subsidies promote corruption.

2) Forex round tipping. Everyone knows this. WHY DOES IT HAPPEN? It happens because the government has imposed REGULATED pricing for the forex market. So those working at CBN naturally take advantage.

From the above, the SOLUTION to corruption at the CBN is simple and straight forward - abolish all subsidies and regulated prices. Why is this so hard to understand? Sheeesh!!! There's no OFFICIAL PRICE different from PARALLEL PRICE of forex in the USA or UK or Norway. Have you traded forex before? The price you get trading on your personal forex account is the same thing the government gets. When Nigeria starts doing that, corruption will be greatly reduced at the CBN.


My friend, why do I have to describe everything in miniature detail? This is a simple matter. The problem here is DIVERSITY, lack of a dominant ethnicity. One way to REDUCE this is through regionalism, regional autonomy. Like the USA has for states and the UK has for it's component nations. It's not rocket science.


No, corruption wouldn't be possible in the first place without GOVERNMENT OWNERSHIP AND CONTROL. In the case of CBN and other central banks, they have a monopoly on the production of money and they can do it out of thin air, from nothing. Well, the markets have come up with an INNOVATIVE way to ABOLISH central banks and so make money completely immune from fiat impulses. How? Blockchain based cryptocurrencies like BITCOIN and ETHERIUM.

Basically, if Nigeria wants to abolish the CBN, adopt bitcoin. Since government will lose it's monopoly over currency, that Senator's daughter will have to go get a job elsewhere. This EMPLOYMENT CORRUPTION is the basic reason Northern APC politicians are so desperate to recreate Nigeria Airways. So there it is again, I've proved it - CORRUPTION ONLY EXISTS BECAUSE OF GOVERNMENT CONTROL OF AN INDUSTRY or due to GOVERNMENT REGULATED PRICES.

Dear Sir, it doesn't have to be an absolute. There's no country or industry or sector with ZERO corruption, the real issue is the preponderance or incidence of it. How to REDUCE corruption to a minimum. Come on man! Here's the simple question I'd like you to answer, please don't avoid it. Between publicly owned Universities and privately owned Universities, which are more corrupt, where is there more incidence of corruption?


I doubt that, but even if true I ask you again - between NITEL and the private owned telcos, which is more corrupt? Which once did Nigerians have more complaints about their corruption?

Well one of the freest markets, yes. Norway and many Scandinavian nations have even freer markets. For example, Norway and Sweden have no minimum wage laws such as exist in the USA.


The protections of USA industries by the Obama Administration was wrong and it greatly harmed the USA economy. President Obama himself is a socialist inclined politician. In fact the 2008 Economic Crisis was caused by government regulations implemented in 1999 by President Bill Clinton. The USA government at that time FORCED banks to lend to unqualified borrowers for political reasons to secure Black votes for Bill Clinton. Try and read the whole article, it's very interesting. Note in particular this bit



https://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

The USA and China are basically at war. When it comes to war, every rule is out the window. Don't be ridiculous. Huawei was suspected of bugging USA and Western telecoms networks. The USA does the same to China, which is why China is desperate to develop better civilian planes to compete with Boeing.

Read this -- https://www.washingtonpost.com/archive/politics/2002/01/19/china-finds-bugs-on-jet-equipped-in-us/65089140-2afe-42e0-a377-ec8d4e5034ef/

Russia is dominated by the Russian tribe....complete domination. There's other tribes like the Chechens, Jews and Turkmen in Russia too, but the Russians are dominant.

China is dominated and ruled by the Han tribe. In fact it's almost law in China that you can't become a high government official unless you're Han. On government websites, the tribal origin of government officials are listed.

You're Nigerian. Surely you're familiar with the Constitution of the Federal Republic of Nigeria? You're a Nigerian with family ties and friends in that country. Do you know ANYONE with legal TITLE or DEED of ownership for any piece of land in Nigeria? Have you ever seen a CERTIFICATE OF OCCUPANCY and read the fine print? Any educated person should know the difference between OWNERSHIP and OCCUPANCY.

There's a difference between IMF and WB loans. And IBB has not repudiated SAP in my view. If he ever did, it's due to pressure from the Nigerian public. Here's a recent interview given by IBB in this year 2024. Are you concerned that the Naira side by side the Dollar

It says a lot. But I think we can address it. Production. Once people can produce a lot of things that they can easily sell, either by export or within the country I think it will stabilize.

How can that production come about? You have unemployment rate of about 33%. You have a huge youth population that is almost 70% of the Nigerian population. And yet Nigeria is the poverty capital of the world.

There is too much control in the way the economy is being run. We should open it further. If we do that and tap the God given talent of the Nigerian people I think we will go far.\

https://timeafricamagazine.com/interview-honest-truth-general-ibrahim-badamasi-babangida-rtd-former-military-head-of-state-of-nigeria/


The last answer, bolded for emphasis, says it all. IBB is saying Nigeria needs more SAP....more privatization of commercial entities and resources, more deregulation of prices, more removal of subsidies, more free markets.

But when have the Nigerian people ever had reasonable views and choices on their country? This is the same population that elected Muhammadu Buhari to be their President because he told them "there is nothing like fuel subsidy, it doesn't exist".
Oga abeg take a rest, Nigerians are a low IQ populace, they don't know jack. That's why their country is the Poverty Capital of the World and will remain so for a loooong time to come.

Good Luck to Nigerians.

Gerrard59:


You have done so well explaining facts so clearly, but why it has been difficult to accept it is funny. You mentioned racial/ethnic dominance countless time, but the fellow finds it hard to grasp. Mind-boggling to say. Well done. I don't know how old you are, but maybe for posterity and philanthropic sake, think about lecturing at a public university in Nigeria, preferably the East for free. Lecture on economics and international relations.

Regarding ownership of land, you mean the 99-year lease? If so, then yes, Nigerians don't own land. Rather it is on lease.
As for bank bailouts, well, proponents say it is good as big banks or companies are too big to fail as the effects on the economy would be catastrophic. Yes, Obama is a socialist just like the rest of the Democratic Party.

In a diverse country as Nigeria, unadulterated capitalism is the best economic system. Socialism, not even communism, can only work in homogeneous societies. Even with that, the population should not be more than 5 million and they should have a bountiful amount of natural resources. It is always funny and borderline annoying when I read black people loathe capitalism.

EmekaA125:

What's your point??

Agboriotejoye:

Can you and IbeOkehie explain the relationship between ethnic dominance and economic prosperity?

Gerrard59:


Culture and ethnic/racial demographics play major roles in nation-building, prosperity and cohesion. The vast majority of cultures in Nigeria are not pragmatic, egalitarian, enterprising, hard-working and promote integrity. Additionally, Nigeria has too many ethnic groups, creating a divisive society full of mistrust, disharmony and disunity. Looking at examples globally, the most successful/prosperous societies are those where the dominant ethnic/racial group promotes pragmatism, egalitarianism, entrepreneurship, hard work and integrity. In return, the most homogenous out of them tend to be the most successful, peaceful and safest as this homogeneity endears trust, peace and harmony. Examples abound globally and within Africa. So if you expect component parts of Nigeria to be prosperous, you know what should be done.

Gerrard59:


Me wey sabi all the sex styles in this world? I love women's bodies. I really do. If I write on the art and science of sexual intercourse eh.

Agboriotejoye:


Private universities have less incidence of corruption because of less demand for them and that's to borrow from your principles. If they have to start catering for 25K+ jambites, 20K undergrads and over 5k postgraduate, you will see an uptick in their corruption. But to say they are better off than public universities is totally false. I have my facts. And I can see how you started making excuses for corruption in private institutions. Don't shift goalposts pls

Pls!! This is the most pedestrian excuse for I've heard from you. They are at war is why US is protecting its economy from being a dumping ground for Chinese goods? But I guess Nigeria is in love so we should open our labia up for countries of the world. US is still receiving imports from Russia as we speak!!

This your tribal principle is alarming o. And I don't understand why you think tribal dominance or supremacy leads to economic prosperity. If I start to show you countries with tribal dominance but are dead poor, I'm sure you'll start making excuses again. It makes you sound like a tribal jingoist or puritan.

Mtcheew. Dude. You're unaware you can obtain deed of ownership in some states. You're too fixated on Lekki. I have some with me. C of O means you own the land for 99 years and it's renewable so what's the fuss about. I actually thought you had something important o. Oga there are more Nigerian land owners than US land owners. That I can assure you. The 99 year mandate does not make you less of an owner. There are lands that have belonged to families for over hundred years in Nigeria, pre-colonial times and I've not heard any of them lose their lands. Pls don't be alarmist or reductionist. Besides, you're beating Nigeria for a system it copied from UK as vestige of colonialism or are your unaware the King statutorily owns ALL land in UK?

Lol. A sentence on productivity means more SAP. Baba IBB dropped SAP in the toilet. He's not taking about SAP and I'm sure he was talking about Buhari and his constrictive economic policies. Anyways, I don't take kindly to people insulting Nigerians. It's a cheapshot and totally uncalled for. Nigerians are hardworking. Why blame them for poverty in the land when they have irresponsible leaders. You can blame them for docility but it's a cultural thing not natural. Have a good day

Besides, Nigerians are not homogeneous. So herd mentality can't be blame instead manipulations along ethnic lines seems more like the main culprit.