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Foreign Affairs / Re: Technical Discussions On International Military Equipments Doctrines Tactics Etc by Abok1(m): 7:30pm On Nov 09, 2016
chinese8107:
off topic
The Chinese auto maker geely and
it's JV geely-volvo has reveal the new SUV brand and prototype to be launched.

Off Topic:

The car looks like a Porsche Cayenne rip off on the bonnet, headlamps, side view, with the only change on the air vents out front.

3 Likes

Politics / Re: Nigerians Condemn Nba’s Threat Over Judges’ Arrest by Abok1(m): 5:29pm On Oct 10, 2016
sucess001:



So you have made sense with the big grammar u posted?


i cant address any point you made cos you didnt make any...


senseless bigot



I take exception to your choice of words, lashing out without making coherent sentences, making juvenile comments belittles you as a person, not one who claims to be a learned fellow.

Your inability to comprehend or accept a dissenting opinion doesn't give you the right to term me senseless on a faceless forum. Its a mockery of whatever message you are trying to pass across. Never in my submission did I abuse your person.

If that's how you are trained in the animal jungle you reside in, it's not an acceptable behavior around Humans. Your knack for myopic swevens and warped bias puts logic on its head and making maledicent comments like someone suffering from lalochezia, wouldn't launder an already messed up perception of your person. Why would someone in his right senses call an individual "senseless" without recourse to decorum?

Very sad.



PS. It is "I" "can't" and "didn't" have a nice day Mr Lawyer.

1 Like

Politics / Re: Nigerians Condemn Nba’s Threat Over Judges’ Arrest by Abok1(m): 3:45pm On Oct 10, 2016
Phace:


So the NJC can be politically influenced and the SSS can't be.

Its not about grammar, brother. You make use of facts to support your argument.



I for one wouldn't muddle up facts while explaining a situation, and would gladly elaborate on the point(s) I've made if it seems ambiguous.

Although in reality, the Laws of nature do not always double as natural laws, but one law has proven its validity beyond science. Every action has an opposite reaction. The DSS made a clear point of its disapproval of the way an appeal court judge was merely retired by the NJC and told to pay the #200 million embezzled in installments. Like seriously? Someone took a bribe of #200 million, and the only punishment is refunding the money? Where is the punishment in that?

The legal definition of punishment is: "The imposition of hardship in response to misconduct.". Where is the hardship in paying in installments, considering the relative value of money over time, inflation and other factors are taken into consideration?


The NJC appears as haughty in its disdain for reality as the fabled elephant on his coronation. The issue at hand is not the legality of the decisions of the DSS, which is very legal.

Its as simple as this; an NJC riddled with ridiculous outcomes of cases handed over to them cannot simply be entrusted with the cleansing of the rot in the judiciary.

1 Like

Politics / Re: Nigerians Condemn Nba’s Threat Over Judges’ Arrest by Abok1(m): 12:10pm On Oct 10, 2016
sucess001:




they are only pummeled by governement sponsored persona like you...i am a member of the NBA and i allign fully with them...


for judges...their disciplinary process is different and handled by the NJC...


the reason is simple for anyone that has brains....if you arrest all the judges...who will judge their case?



and we have a principle in law saying you cant be a judge in your own case...DSS has started acting like judges...


we have laws....it should be respected...



instead of government to obey laws...they would rather pay pple like you to defend their indefensible actions on social media...


Unbelievable conclusion and inference from you right there.

If you are a member of the NBA as you claimed, then I shudder at the thought of you representing a client with your uninhibited support for the jumentous actions of these individuals.

Your line of argument to justify the corrupt judges is filipendulous, to say the least, and you wonder why the Nigerian law profession is not respected anymore like the days of yore.

Just like a mumpsimus, the NJC has been corrupt by the infection warranted by the people constitutes it. It is a futile effort expecting the NJC to adjudicate this matter because of the caliber of people involved.

3 Likes

Politics / Re: Orubebe: FG Drops Bribery Charges Against Ex-Minister by Abok1(m): 3:53pm On Mar 08, 2016
agitator:


Your post and signature are at contrast, which confirms your unstable personality. grin grin grin




Really?

Please humour me on your act of Skoptsy by not understanding my asteism


1 Like

Politics / Re: Orubebe: FG Drops Bribery Charges Against Ex-Minister by Abok1(m): 3:40pm On Mar 08, 2016

It never ceases to amuse me when the opposition makes an effeminate attempt at criticism based on their desperation caused by their inferiority complex. They complain about every move of the president without recourse to sanity, even when the decision is in the best interest of the nation. Their only solace and salvation for the nation is to return the nelipot GEJ a man who opened up the country's treasury to his Kleptomaniac cronies without batting an eyelid. The prosecutor might have played a smart one on Orubebe by reducing the charges to one which has a higher probability of getting him nailed rather than four which could be insufficient.



Celebrities / Re: The man that took $100k instead of owning 10% Of Nike. What would you do? by Abok1(m): 7:11pm On Feb 11, 2016

The man had the black-man mentality. SMH

Politics / Re: Buhari's Article: Buhari Was Right On Obama's Cabinet by Abok1(m): 1:48am On Jul 22, 2015

Everyone on Nairaland knows Barcanista to be an ambidextrous individual with a knack for myopic swevens based on hear-says and mere trumpery. He is constantly making face-saving ripostes, in a bid to launder an already quomodocunquized reputation, while constantly making spontaneous panegyric eulogy about GEJ. While with the same warped logic, slags President Buhari, whose only crime is ousting the non-performing incumbent in a free and fair election.

197 Likes 19 Shares

Politics / Re: Buhari's Social Program: Very Possible. by Abok1(m): 11:49pm On Apr 19, 2015
Obiagelli:

Thanks brother. Learning something new here.
Obiagelli:

I already covered the revenue formula in my first post nah.




[b]
I posted the following earlier on another thread:
Shell royalties paid to Nigeria
2003 - 1.8 billion
2004 - $3.3 billion
2005 - $4.3 billion
2006 - $3.5 billion


Source:
http://reports.shell.com/sustainability-report/2011/servicepages/previous/files/shell_report_2003.pdf
http://reports.shell.com/sustainability-report/2013/servicepages/previous/files/shell_report_2004.pdf


between 2007 to 2011
$38 billion

Source:
http://reports.shell.com/sustainability-report/2011/ouractivities/deliveringenergyresponsibly/nigeria.html


From the figures above which is from Shell alone, the cost of crude oil at 2006 was $58 per barrel and shell paid $3.5 billion, this figure is also factoring the Niger delta constant pipeline blow ups. Also in 2006 shell had the Bonga oil field oil leakage, which led to loss of products to the leaks and also extra cost of fixing the leakages.

Using the above figures, if Shell alone is paying approximately 855 billion naira (using today's rate), how much do think the FG would make from the other firms considering the fact that there is an increased output form the Oil companies and there is peace in the region.


[/b]

2 Likes

Politics / Re: Buhari's Social Program: Very Possible. by Abok1(m): 11:18pm On Apr 19, 2015
ChinemeOkpan:


I was actually praying that APC supporters will not respond to his daft thread but I know Obiagelli couldnt sit down and watch him relay crap

These guys are really under estimating Buhari and I like it because his performance will be a shock to them.







What some of TANoids have forgotten is that unlike their principal's cupidity and constant pandering towards cleptobiosis, the APC / GMB campaign is based on recommendations sourced from technocrats, from the branding to the infographics, to photography. Heck, the social media is handled by 2 seasoned PR companies, one in the US and the other in the UK, to have a glimpse check GMB's tweets about the Kenyan attacks and you would see how social media should be used in governance.

What they fail to realise is the fact that by defenestrating the wasteful orientation of the current dispensation, coupled with a dogged focus on improving the current economic situation, which includes security of lives and properties and improvement of the power generation, the income of the FG would naturally improve in proportion to resultant FDI (foreign direct investment).

3 Likes

Politics / Re: Buhari's Social Program: Very Possible. by Abok1(m): 11:07pm On Apr 19, 2015
Obiagelli:

I already factored 52percent for FG, read the final part of my post.




You shouldn't have responded to some juvenile making maledicent comments like someone suffering from lalochezia. Why would someone call a individual "silly" without recourse to decorum. Very sad.

2 Likes 2 Shares

Politics / Re: Buhari's Social Program: Very Possible. by Abok1(m): 11:04pm On Apr 19, 2015
ChinemeOkpan:


Conjectures and no sense in your submission.

This is a new government. New way of doing things.

Wait till Buhari takes over before you start complaining.



He has forgotten so soon that its not business as usual with the oil companies. I can recall that there's a clause in the oil contracts which states that non-performing oil wells would be taken over by the FG, which means the oil company would have to prove beyond reasonable doubts that its oil block is performing, and that in itself is based on the premise that the revenue projections tally with the agreed benchmarks.

Its either you pay up or forfeit your oil block.

Politics / Re: Buhari And Wife Aisha Change Twitter Accounts (see The New Accounts) by Abok1(m): 3:21pm On Apr 16, 2015
teeowl:
is there any need for new twitter accounts?



[b]
Yes there is.


A tale of 2 presidents.

While one president employed the services of politicians(Abati and Okupe) with little or no knowledge of communication management, the other opted for a reputed communications firm to handle his image. Well, the result of this is clear for all to see - a thoroughly deserved victory at the polls.

A quick glance at the new account's twitter handle will give you an insight into how governance should be. A quick check on the message to Kenya on the terrorist attack would show you a thorough-bred communications management, not speaking about "stealing is not corruption" or "story of yam and goat" (**no pun intended).

GEJ should be a case study on how not to run a presidency, constantly dogged with half-wit statements, unprofessional responses from his aides, and a shabby handling of interaction with the populace. No wonder he had a bad public perception even in situations where he meant no harm.

When GEJ's aides were challenged on the activities of their principal, they would rather respond like a polyphloisboian, making inaniloquent statements like someone high on horse urine. They are just like an hamartithia, suffering from knismesis, lacking in substance and a sense of purpose. I'm really angry at how low they've succeeded in dragging the honour of the office of the president of the most powerful black nation. Heck, they even advised him to wrongly visit Chad and Niger to beg for cooperation.... are you friggin kidding me?


Maybe, just maybe GEJ would have fared better if he had a better team, unlike the disjointed unit he was surrounded with.


The new direction by GMB should form the basis of our polity across all spheres, from the FG to individual states with a focus on professionalism at all times, no matter whose ox is gored, there should be no room for irresponsible governance and "man-o-man", with no trace of seriousness.




[/b]

2 Likes

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 5:36pm On Apr 14, 2015
atlwireles:


I replied the comment you made, where you stated the Nigerian budget, states included for the years 2014 and 2015. I am not interested in Zubby 77's comment. Just correct your misleading figures and tell the forum the correct amount. You can then, move on. You were wrong, way wrong. Spare me your other sphallolalia and jingosim as you call it.


Fixed

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 5:28pm On Apr 14, 2015
atlwireles:


Why are you appalled? you gave unbelievable figures as the gross budget of Nigeria, yet you are the one appalled undecided Correct your numbers and tell the forum the gross budget of the Nigerian Nation in 2014 and 2015 ( federal government plus the 36 states). Then we can revisit your gambrinous recklessness of the irresponsible President who performs cleptobiosis with his cronies, comment.




Before you muddle up the salient points and try to sidestep the subject of discuss which is the bad management of our collective wealth as a nation, you need to read up on what the cause of this argument is.

The gentleman @Zubby77 requested for the FG's budget between 2003 to 2007 which I provided. I have since corrected the statement about the inclusion of the state government budget as erroneously stated, which further shows how dire the situation is.

Your sphallolalia would not do justice to the issue at hand, which points at he failure of your principal, and no amount of jingoism would change this.

If you have any information to help or justify your line of argument, do not desist from providing it. But to expect me to get the information for you would be foolhardy. My 2 cents.

2 Likes

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 5:02pm On Apr 14, 2015
atlwireles:


Why mislead people, the figures you presented are only the federal government budget. This is the mistake most of you in APC make come May 29 Buhari will shock you people with the true state of government finance



Unbelieveable conclusion and inference from you right there.

Let me see, once you ignore the rot in the system and you wag your tails in agreement like someone suffering from knismesis, you are applauded.

But the moment you refuse to sing kumbayah in face of the gambrinous recklessness of the irresponsible President who performs cleptobiosis with his cronies, you become an APC member. undecided

I'm appalled at your line of reasoning to say the least.


1 Like

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 2:54pm On Apr 14, 2015
ZUBY77:


Cool.

Can you get me what shell paid FG from 2003 to 2007?
Then get us the National budget too.
Thanks.






[b]Your line of argument to justify the nelipot president is filipendulous. The issue is not the budgetary spending, but the Jumentous corruption going on in the FG during Jonathan's term as the President. No matter how much he tries to dissociate himself from it, he's the most guilty one for not putting his cronies on a short leash.

I would normally ignore rhetoric responses which lacks tact as the information you sort is available in the public domain, but on this occasion, let me indulge you.

Nigeria's budget

2003 Obasanjo N1.446 trillion This is amount authorized.
2004 Obasanjo N1.189 trillion Presented December 18, 2003 .
2005 Obasanjo N1.618 trillion Presented October 14, 2004. Passed – April 12, 2005 Authorized was N1.8 trillion. Implemented was N1.5 million.
2006 Obasanjo N1.88 trillion Presented- December 6, 2005 Authorized was N1.9 trillion.
2007 Obasanjo/Yar’Adua N2.3 trillion

Shell royalties paid to Nigeria
2003 - 1.8 billion
2004 - $3.3 billion
2005 - $4.3 billion
2006 - $3.5 billion


Source:
http://reports.shell.com/sustainability-report/2011/servicepages/previous/files/shell_report_2003.pdf
http://reports.shell.com/sustainability-report/2013/servicepages/previous/files/shell_report_2004.pdf


between 2007 to 2011
$38 billion

Source:
http://reports.shell.com/sustainability-report/2011/ouractivities/deliveringenergyresponsibly/nigeria.html
[/b]



5 Likes

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 2:27pm On Apr 14, 2015
ZUBY77:




How much is Nigeria's budget in 2014?




Nigeria's Budget for
2014 - 4.695 trillion Naira (about 29.3 billion dollars)
2015 - 4.3 trillion Naira (about 23.8 billion dollars)


**Modified**
Sufficient to say that the $40 billion from Shell would cover the budget for 2 fiscal years conveniently.

This is while ignoring the Royalties paid by the other MNC in the oil sector, and also the Banks and Telecomms.

Politics / Re: FG Gets $48billions(#9.6trillions) From Shell As Royalty Between 2010-2014. by Abok1(m): 2:19pm On Apr 14, 2015

Nigerias Budget for
2014 - 4.695 trillion Naira (about 29.3 billion dollars)
2015 - 4.3 trillion Naira (about 23.8 billion dollars)

These figures does not include the state allocations for both years, sufficient to say that the $40 billion from Shell would cover the budget for 2 fiscal years conveniently.

This is while ignoring the Royalties paid by the other MNC in the oil sector, and also the Banks and Telecomms.

4 Likes

Politics / Re: Nigeria Set To Lose $466m In Military Scam by Abok1(m): 2:21pm On Feb 06, 2015
My God!!!! shocked shocked


cc:

11 Likes

Politics / Re: Monguno: Chadian Helicopters Drop Food, Weapons For Boko Haram Terrorists- Pic by Abok1(m): 4:16pm On Jan 29, 2015
Please don't mislead the populace with those pictures, they aren't Chadian mi35 helicopters, they are Indian images gotten from the web.

The roundel on the holicopters is not the Chadian roundel.

8 Likes

Politics / Re: Jonathan Lacks Will To Crush B’haram, Buhari Tells Kerry by Abok1(m): 12:59am On Jan 27, 2015
While one rose through the ranks with discipline and dogged determination, our dear nelipot has relied on self pitty, I have no shoes and sheer luck to get to where he is, and we wonder how we got into this mess. Not realising you can't run the affairs of a sovereign nation by relying on "luck", while finding it convenient to apportion blames to everyother and any other person but you. First it was the cabals, then the opposition, recently it's the MEND, I wonder when our dear GEJ would man up, grow some balls and take a godamn responsibility. Just like a lazy worker blaming his tools, waiting to hear the next excuse he's going to give for his incompetence.

I wouldn't be surprised if he blamed Nigerians for electing him in 2011.

1 Like

Politics / Re: Seun Kuti Blasts Jounalist For Twisting His Words, Says He Won't Vote Buhari by Abok1(m): 11:45am On Jan 13, 2015

Not again.

It is when the government is bereft of ideas that it resorts to propagandas and half-truths to sell a bad product. They deceive the unsuspecting populace with a disguised knismesis aimed at distracting them from asking salient questions about the state of the Nation, which at this time is in shambles. Blinded by their lust for pandering to their gluttonous appetite, they would rather make gambrinous statements, and the party they represent doesn't find their barefaced lies out of place considering the antecedents of the present crop of politicians as a group of ventripotent individuals with preference for tergiversation at the slightest opportunity. Seems like the only thing they are good at is in looting the treasury and handing out crumbs to the TANoids, who in turn shout till their voices become hoarse with nothing to show.

How did we get to this point, at first it looks hilarious but then on closer inspection its not funny any longer, because I am quite taken aback by the galimaufry body language of GEJ, which is quite embarrassing, to say the least.

16 Likes

Politics / Re: Seun Kuti Denies Saying People Shouldn't Vote For Buhari, Calls Out Reporter by Abok1(m): 11:28am On Jan 13, 2015

Not again.
Politics / Re: Channels TV Terminates Pastor Bakare’s Broadcast Over Alleged Critical Comment by Abok1(m): 11:13am On Jan 05, 2015
OluchiDelly:


agree wt u. nice write up. How come u hav ds indept knowlege of d Bible and u call urself aboki or abok 1?


My sister, I'm a Christian and not a Northerner, my moniker means friend in Hausa and I chose it because I feel it shouldn't matter where we are from as long as we are Nigerians, we should not be sectional in our dealings.

I was watching the Christmas address from the Queen of England, and afterwards saw a snippet of our president's new year speech. To say I was shocked and embarrassed is an understatement of the actual feelings I felt, if an 88 year old woman sounded more inspiring than our able President who sounded like a local government chairman. His body language exudes fears and he struggled all through the broadcast that I felt he is being misled by his advisers and cronies, i wouldn't be wrong to assume he's being forced to continue by the powers that be and people with vested interest in the Nigerian project.

We complain about racism towards the blacks by the Caucasians, when we get to Nigeria we are addressed based on our ethnicity and religious affiliations. Its only the greedy politicians that gains from dividing us along religious and ethnic lines, to achieve their selfish aims.

5 Likes

Politics / Re: Channels TV Terminates Pastor Bakare’s Broadcast Over Alleged Critical Comment by Abok1(m): 10:25pm On Jan 04, 2015
teemanbastos:
Turning the Altar of God into Merchandise.
Too Bad.

Not the case...he's simply stating the obvious



When our Nelipot President places himself in a precarious situation, anyone who wants the progress of this nation would call him to order, unlike his ventripotent praise singers. Someone who should be the custodian of our sovereignty as a nation is seen fanning the embers of ethnic and religious bigotry, forgetting that you cannot continue to fool everyone for so long.

From a religious perspective, Prophet Nathan Rebuked David when he sinned, i guess he should have stayed out of politics, and the politician shouldn't stay out of churches when they need votes I guess. If the polity is messed up and there's chaos in the land, would the church hold services? Joseph was a prime minister in Egypt, David was a musician to King Saul, Esther was married to the Persian King Ahasuerus, Daniel served King Nebuchadnezzar, showing that when the church distances itself from politics then they have no right to complain when policies goes against their beliefs, in-fact being involved with politics means influencing decisions, hence it was easier for the children to be freed from Egypt by Moses who grew up as a prince/general as a result of which he understood the inner workings of the Egyptian dynasty.

It is only a selfish individual that would want us to maintain the status quo, and if GMB messes up, we vote him out too.

368 Likes 34 Shares

Politics / Re: President Jonathan Proposes 'Hall Of Shame' For Criminals by Abok1(m): 7:06am On Dec 24, 2014

Patriotism is supporting your country all the time, and your government when it deserves it.

- MARK TWAIN

..And our nelipot president has done it again, just like an hamartithia, making inaniloquent utterances. The opposition do not have to utter a word, GEJ is doing a fantastic job at damaging his reputation by the day, that any time he speaks something just goes wrong, more like a comedy of errors which looks funny at first then on further reflection, it feels pathetic. Trying so hard to inspire but ends up like a philosophunculist, going through knismesis.

Just when you are about to believe that GEJ wouldn't make more mistakes, he makes a statement like this and you begin to wonder how did we end up with him in the first place.

I think GEJ's PR guys should be sacked and all his ventripotent aides relieved of their designations, because they are doing a disservice to his second term campaign, making his chances filipendulous.


We don't need an Hall of shame, we need a prison big enough to hold these rogues and their families for the rest of their existence.


17 Likes

Politics / Re: Why I Picked Osinbajo As My Running Mate– Buhari by Abok1(m): 9:27pm On Dec 17, 2014
Great combination
Politics / Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 12:33pm On Nov 07, 2014
datolee:


Apologies for the choice of word used, i will withdraw that.

However, my argument still stand.. Financial crisis started in 2007 but nobody touched the foreign reserve because it was affecting mainly the private sector however, by 2011 when the crisis got to the goverment sector, and the currency value was being affected, the External reserve was used to defend the naira. At no point did i say that external reserve was used to bail out private companies.




I like this guy...that being said, lets get back to business.

The financial crises didn't affect the government directly, the election did. Because at at 2011 the price of crude oil was hovering above $100 per barrel.

http://www.eia.gov/todayinenergy/detail.cfm?id=4550
[img]http://www.eia.gov/todayinenergy/images/2012.01.12/2011BriefCrudeAnnual.png[/img]

This means the high cost of crude at $100 is higher than the 2011 budget benchmark of $62per barrel which means and i quote:


At $100pb Nigeria earned $83.9billion in 2011 (NGN 12.6 trillion naira).The excess crude oil earned for 2011 should be approximately $31.9 billion (approximately NGN4.8 trillion excess crude oil revenue in 2011).

However, we should not forget that Nigeria operate joint venture (JV) agreement with the major international oil company at 55% to 45% JV agreement. This means Nigeria earned 55% of $31.9billion excess crude oil which came to about $17.5 billion (NGN2.6 trillion naira) in 2011.


http://www.thisdaylive.com/articles/protecting-nigeria-s-revenue-through-crude-oil-hedging/120055/


The Nigerian economy depends solely on crude, so how did high income from crude have a negative effect on the external reserve, thereby leading to regression instead of appreciation?



datolee:


Apologies for the choice of word used, i will withdraw that.

However, my argument still stand.. Financial crisis started in 2007 but nobody touched the foreign reserve because it was affecting mainly the private sector however, by 2011 when the crisis got to the goverment sector, and the currency value was being affected, the External reserve was used to defend the naira. At no point did i say that external reserve was used to bail out private companies.


That being said, how did the financial crunch affect the government that was making unprecedented earnings in crude oil sales? The simple answer is it didn't.

9 Likes

Politics / Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 12:12pm On Nov 07, 2014
datolee:


Oh God, i'm sorry but you are intelligent by half really. What you quoated, did you see when I wrote that the Government used external reserve to save private companies?

What brought the argument. This is what I wrote Maku added: “This fall in reserves was a result of the vicissitudes of the global financial crisis which caused CBN interventions in the currency market to defend the value of the naira.

You countered that the financial crisis started in 2007 so why didn't the external reserve depreciate during that time


to which I answered that yes the financial crisis started in 2007 but most in private sector, it was only in 2011 that it got to government sector neccessitating the need to use the external reserve

What is the denials?



Firstly, I take an exception to your choice of words, because never in my submission did I insult you as a person. Since we are clear on this, we can continue in our discuss.

You just performed skoptsy by your own admission, and no amount of twists can change what you wrote.

First you quoted Maku on

datolee:
"This fall in reserves was a result of the vicissitudes of the global financial crisis which caused CBN interventions in the currency market to defend the value of the naira."



and you further posited that

datolee:
to which I answered that yes the financial crisis started in 2007 but most in private sector, it was only in 2011 that it got to government sector neccessitating the need to use the external reserve




At the bolded, "necessitating the need to use the external reserve " to? ..... crickets ...... (your guess is as good as mine)....... To save the private sector.

You linked the fall to the global market, which we all know didn't affect Nigeria's earnings from crude oil; Rather, it increased it. so my question is this, which sector was the external reserve used to save if its not the private sector. This is based on your submissions and factual occurrences in Nigeria as a case study.

You can't deviate from what you wrote, because for you to cite someone's explanation in your defence, you certainly agreed with the person's position. Your principal lacks tact and finesse laced with a massive dose of inferiority complex which has an underlining traits of paranoia. This has led you to consistently defend someone whom even Robert Gibbs would become frustrated in defending. Don't you ever get tired of your principal's lumpy policies?

8 Likes

Politics / Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 11:44am On Nov 07, 2014
barcanista:
This is fatal my friend, please help me tell whether that link of CBN was cooked or not. Because the guy is mumbling and humbling http://www.cenbank.org/intops/Reserve.asp

enter the date and click GO



Works like a charm

4 Likes

Politics / Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 11:41am On Nov 07, 2014
datolee:


Sorry but your argument is very out of place. I never talked using external reserve to bail bank or subsidy!

My one and only sustained argument is that the external reserve was used to defend the naira. You asked, but other government defended the naira too, The answer is yes but not as much SLS led CBN. and here is the figure to prove

Within 4 year period, Soludo only defended Naira with $57bn while SLS withing the same 4 years, spent $117bn to defend the naira. if you just can't see the difference, i'm sorry but i can't help you out
shocked shocked shocked

datolee:


Thank you, but please know that the recession of 2007 started with private sector with government pumping money to save the private sector, by 2011, the effect had gotten to the government sector. Please read here about the five stages of the recession from 2007 to 2011

http://www.theguardian.com/business/2011/aug/07/global-financial-crisis-key-stages

I ask the same question, was Naira under stress more than it was under OBJ and Yaradua? the answer is yes

Was the external reserve used to defend the Naira, the answer is yes

I will believe my Government except you can provide us any link what other uses the external reserve was used for.



It is not even up to 3 hours and you are already denying what you wrote? Trying to perform an estrapde since your act of sphallolalia has failed cry

9 Likes

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