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Agabusta's Posts

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Politics › Re: What's Wrong With This PDP Weird ‘Ojuju Calabar’ Newspaper Adverts? (Pic) by agabusta: 11:10am On Feb 04, 2015
When will these PDP desperadoes start making use of their brain?

From the advert, they themselves can see the handwriting on the wall, that is why their desperation is crossing the ethical and moral line. Smh

God will definitely deliver us from their hands.
Politics › Re: SDP (Olu Falae's Party) Endorses President Goodluck Jonathan by agabusta: 10:37am On Feb 04, 2015
lokoloko84:
You are dumb.At the governorship level, Amosun will rubbish Osoba and co and at the presidential election, Buhari will crush Jonathan.
Who is osoba,gbenga Daniel and dimeji bankole.They have had their chance,but they were corrupt, incompetent and a disgrace to the state.
These guys are finished. Infact after leaving office,amosun will be the God father of Ogun state.
Jonathan should forget Southwest, he cannot win this region.At least not the Ogun state,I know.
Pls tell the dreamers.
Literature › Re: Chimamanda's 'Lights Out In Nigeria' by agabusta: 3:20pm On Feb 02, 2015
We need to up our game in this country. We usually claim we are a nation of smart people, but we are still grappling with solving power issue. Is that not shameful? This write up will be read all over the world about how ineffective and inefficient our leaders have been in the past.

This is a time of decision. We have tried GEJ and there has been not noticeable change. Lets give our mandate to GMB/APC with a stern message that we must have at least 18hrs of constant light after their 2 year reign in office, and if they fail to perform, we kick them out again.

By that, we'll be telling the politicians that the power to hire and fire indeed reside with the people and our decision will be based on measurable performance.
3 Likes 2 Shares
Politics › Re: Describe This Governor Amaechi's Photo In One Word by agabusta: 10:09am On Jan 31, 2015
moderatorr1:
if buhari looses Amechi's political career is finished
You guys irritate me. That someone is in opposition and not in govt is not the end of the world. A lot of people has been in opposition for so long. It is this kind of mentality that makes politics a 'do or die thing'.

Buhari's loss is very unlikely, and even at that, Amaechi based on his pedigree can be relevant both in and out of govt.
Politics › Re: Open Letter To President Jonathan By Army Officers by agabusta: 9:27am On Jan 31, 2015
maestroferddi:
You appear to love dishing out gratuitous advice and indulging in scaremongering.

I expected you to have the insight to realise that there is no how the above letter could have emanated from a serving soldier.

Don't join the enemies of Nigeria for whom the bell is tolling.

Be wise.
When these things come up, a wise man considers it and take the necessary steps to right any suspected wrong whether the letter seems to be true or not. There is nothing like scaremongering in what I wrote, if urgent steps are not taken in Nigeria we may find ourselves there.

You saying a soldier cannot write such is because you have not been pushed to the wall, in a situation where you cannot protest or question your superiors. This is like a warning that there is growing discontent among the junior officers. If you are close to the military you'll know this is true. Infact, just try and involve any military officer close to you in a discussion and you'll get the answer yourself.

It is better the leadership of this country takes the necessary steps now before we have a coup in our hands. When there is discontent and murmurs among the junior and midlevel soldiers it usually ends up in a coup attempt.

I'm very sure a coup attempt at this time will fail, but the end result may not look good at all. It may result in a break of command among the different military formations.
Politics › Re: Open Letter To President Jonathan By Army Officers by agabusta: 8:14am On Jan 31, 2015
attoskoly:
soldiers dont play civilian politics. this is another mutiny which am not sure its real. apc are so desperate for power without having a clue but they turn round to tag gej "clueless". military dont act like this. if they are disenchanted with the civilian adminstration, they stage a coup and assume power not writing an apc watermark letter. nonsense.
That is the same mistake Elder statesmen has maintained GEJ made that put us in this mess. Always blaming the opposition for everything! And as such, he does not take a sound well reasoned decision.
Politics › Re: Open Letter To President Jonathan By Army Officers by agabusta: 1:59am On Jan 31, 2015
Seun:
Some parts of the letter seem politically oriented. However, it names some specific names, which is helpful, but I was hoping for more info.
The name that would have been the most important release is that of the person that wrote a letter to the president. I wonder why they decided to keep the name. Spilling out the name would have given the letter some more credibility.

Well, for now I guess they just want our attention to be on the Chief of Operations and the ADC to the president.
Politics › Re: Open Letter To President Jonathan By Army Officers by agabusta: 1:41am On Jan 31, 2015
Every wise heart should know that this portends danger to the unity of this country. History will never forgive GEJ if there is a breakdown of law and order among the rank and file of the military.

Infact, this will lead to balkanization of Nigeria with different militia in control of different parts of the country and an endless war of attrition. The resultant bloodshed and confusion cannot even be imagined.

I have no reason to doubt this letter giving the rate at which soldiers are being court martialed at this time. And also due to my interaction with an army officer I gave a ride sometimes back.

I think it is time the council of state told the president the plain truth that some corrupt senior military officers needs to be punished in order to restore confidence and the morale of the rank and file.

And the issue of welfare and adequately equipping the army, especially those at the theatre of war should be giving a priority if we don't want to experience a wide spread mutiny leading to chaos and anarchy.

He that hath ears, let him hear.
Politics › Re: Does This Mean GEJ Will Loose The 2015 Election? by agabusta: 11:52pm On Jan 30, 2015
Mogidi:
Does this North include Benue, Plateau, Taraba, Adamawa, Kogi, Southern Kaduna etc?
Ekiti and Ondo already in the bag also.

Any way enjoy the picture of this Pakistani girl drooling over GEJ.
Why are u so dull at hearing. I said u should stop putting Ondo in your calculation! Buhari will trash PDP squarely in Ondo.

Now pls let this stick to your head, the only places GEJ will get some reasonable votes in the places u mentioned are Plateau and Benue. Even at that, GMB will contend with him to a reasonable extent. GEJ may only record a 55% to 45% win over the GMB wind of change currently blowing across the nation in those places.
Politics › Re: Court Declares APC Candidate Winner Of Niger senatorial Election by agabusta: 11:32pm On Jan 30, 2015
Salihu00:
don't call us middle belt , we are north-centeral
Thanks! Noted, will make the correction ASAP.
Politics › Re: Court Declares APC Candidate Winner Of Niger senatorial Election by agabusta: 5:00pm On Jan 30, 2015
Trailblazer1:
I believe in GEJ's commitment to a free and fair election
Story for the Gods. This is an indictment on him for your information. The election was obviously manipulated and the judiciary has to come in to settle the wrong.
Politics › Re: Court Declares APC Candidate Winner Of Niger senatorial Election by agabusta:
Congrats APC. Victory has already started in earnest grin grin

The nairaland guys monitoring the election stated categorically that it was manipulated then, some PDP mofos were making jest of them and sneering that it is only online that APC keeps winning.

Well sorry PDP. APC is going to massively clear Niger votes to your uttermost dismay. The North Central is going to the APC!

Congrats to all APC supporters smiley

Buhari for change!
Politics › Re: Tribunal Verdict Of Niger East Bye-election by agabusta: 4:49pm On Jan 30, 2015
Moderators: Afam4eva, Ngwakwe, OAM4J, maclatunji, Ikenna351 front page pls!!!
Politics › Re: Tribunal Verdict Of Niger East Bye-election by agabusta: 4:44pm On Jan 30, 2015
PDP LOSES NIGER EAST SENATORIAL BY-ELECTION TO APC AS TRIBUNAL NULLIFIES ELECTION RESULTS

Justice Bako saw the APC candidate returning with 79,779 votes as against Dr. Shem Zagbayi Nuhu of Peoples Democratic Party (PDP) who had 68,525 votes.


The National Assembly Election Petitions Tribunal in Minna on Friday upturned the result of the Niger East Senatorial by-election conducted on August 30, 2014.

The by-election was concluded on the 6th of September, 2014 in favor of Barrister David Umaru of All Progressives Congress (APC).

The Chairman of the 3-man tribunal, Justice Ibrahim Bako gave the verdict in a judgement that lasted for hours.

Justice Bako saw the APC candidate returning with 79,779 votes as against Dr. Shem Zagbayi Nuhu of Peoples Democratic Party (PDP) who had 68,525 votes.

Umaru of APC had petitioned the tribunal challenging the declaration of Nuhu of PDP by the Independent National Electoral Commission (INEC) as the winner of the by-election.

This brings the number of APC Senators in the state to two – Niger East and Niger North Senatorial districts while PDP hold on to its control of Niger South Senatorial district.

http://saharareporters.com/2015/01/30/pdp-loses-niger-east-senatorial-election-apc-tribunal-nullifies-election-results


Wow its true. Congrats APC. Victory has already started in earnest grin grin

Politics › Re: Breaking News- Pdp Thugs Attack Apc Supporters On Ikorodu Road by agabusta: 3:17pm On Jan 30, 2015
tit:
Kill APC!
Kill them all!
Tinubu, Amaechi, Buhari, Fashola, Ngige, Ambode, El Rufai, Okorocha.
Kill berem, ibnfodio, agabusta, mynd44 (bust her head first)
The dwarf osinbade will run away.


Kill APC!!!
with your PVC!
You better go and treat your insanity before it gets to the stage where you'll just come down from 3rd mainland bridge and jump into the lagoon. undecided
Politics › Re: Live Photos and Updates Of Apc's Presidential Rally In Lagos by agabusta: 11:38am On Jan 30, 2015
yerimastyle:
said buhaha grin
This is the authentic picture. Stop this insane character assassination.

Politics › Re: We’ve Forgiven Buhari, Says Chief Tokunbo Ajasin- Family Spokesperson by agabusta(op): 9:35am On Jan 30, 2015
"The family cautioned the Peoples Democratic Party against using their late father’s arrest as a campaign to smear Buhari." - Ajasin family

I hope the PDP will listen to this and adhere.
Politics › We’ve Forgiven Buhari, Says Chief Tokunbo Ajasin- Family Spokesperson by agabusta(op): 9:34am On Jan 30, 2015
WE’VE FORGIVEN BUHARI, SAYS AJASIN FAMILY


FAMILY of the late Chief Adekunle Ajasin,a former leader of the Yoruba socio-political organisation, Afenifere, said they have forgiven Maj.-Gen. Muhammadu Buhari, presidential candidate of the All Progressives Congress, for the detention of their father in 1984 under Buhari’s military administration.

The family cautioned the Peoples Democratic Party against using their late father’s arrest as a campaign to smear Buhari.

Speaking on behalf of the family, Chief Tokunbo Ajasin, said in Akure on Thursday that his late father, who was Ondo State governor from 1979 to the sacking of the second republic on December 31, 1983, forgave Buhari before his death.

He said, “It will be totally wrong for anybody to say that General Buhari jailed my father. No, that is not correct. It was true that my father was detained under Buhari’s military regime along with other former governors in Nigeria and two panels of enquiry were consequently set-up to look into the allegations against my father and others, but the panels found my father innocent and exonerated him as well.

“What Buhari did then was part of military policies and tradition. Though many Nigerians were not happy with that but my father had since forgiven Buhari before his demise.

“Let me also tell you that as far as the issue is concerned, the family of Ajasin had forgiven Buhari as well because as Christians we should learn and exhibit the spirit of forgiveness always. The Bible says father forgive us as we forgive those who offend us.”

Tokunbo said he met Buhari at a function sometime ago and that they happily embraced each other, indicating that all was well.

He said himself and his sister, Mrs. Jumoke Anifowose, were part of the crowd that received Buhari and his running mate, Prof. Yemi Osinbajo, at the Akure airport during his presidential campaign rally in Ondo State.

Also, the Ondo State Coordinator of Buhari/Osinbajo presidential campaign, Mr. Ife Oyedele, accused the PDP of unduly capitalising on the Buhari/Ajasin saga to score cheap political points.

He said the APC as a progressive party should be more concerned about the welfare of Ajasin’s family than the PDP that was antagonistic of the interest of the Yoruba race.

“You cannot cry more than the bereaved. We are happy that the Ajasin family has come to clear the air on this issue,” Oyedele said.


http://www.punchng.com/news/weve-forgiven-buhari-says-ajasin-family/

Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Politics › Re: Video Of Pastor Adeboye Endorsing Osinbajo In Pres Gej's Presence Is Trending by agabusta: 3:01am On Jan 30, 2015
Wow, what a coincidence. Infact I found it difficult to believe GEJ was also in the service. Infact, if not that Mummy mentioned it,I would have suspected that it was doctored.

This is a unique historical coincidence worthy of frontpage!

Seun do something na.
Politics › Re: Video Of Pastor Adeboye Endorsing Osinbajo In Pres Gej's Presence Is Trending by agabusta: 2:52am On Jan 30, 2015
Goddex:
Desperation.
Some threads need to be moved to waste bin such as this one
See painment! grin
Politics › Re: AIT's Online Poll Hacking Evidence Was Faked - Gbenga Sesan by agabusta: 2:15am On Jan 30, 2015
CeejayCharles:
This Gbenga is so dumb. When you are hacking a system like an online poll, the software itself doing it is not intelligent so it generates random ips without validating them and can proceed to generate even stuff that do nit exist.

He just showed the entire world how stupid he is...
So you think the software supposedly put together by a hacking guru lacks the capacity to come up with valid computer IPs right? undecided
Politics › Re: Buhari Didnt Jail Ajasin - Family by agabusta: 3:00pm On Jan 29, 2015
kristonium:
He didnt jail but detained and later release?
The use of English Grammar!
Question: why detain him in the 1st place?
Babangida also detained Buhari for 3 years. Did u see Buhari or any of his supporters going about bitching about it and claiming he was jailed??
Politics › Re: Who Is Allowing The Islamization Of Nigeria? I Think It Is GED. by agabusta: 12:47pm On Jan 29, 2015
Sai Buhari!

Politics › Re: We’ve Distributed 43m Pvcs – Inec (break Down) by agabusta: 7:51am On Jan 29, 2015
Elections are coming. Everybody get prepared, we say NO to postponement.
Politics › Re: Okonjo-iweala Replies Soludo Says He Is Nigeria's Worst CBN Governor by agabusta(op): 12:55pm On Jan 28, 2015
I am surprised NOI can be praising Sanusi. After they have stampeded Sanusi out of office they can now acknowledge his contributions. yeye people. Well, lets keep watching, Aunty Ngozi may finally commend him in his effort of reporting the $20B stolen money after they are kicked out in February and GMB is sworn in in May 29th. grin grin

The hallmark of this administration still shows in the response. Before they address issues, they first attack the person that tables the issues. Anybody that talks against this administration will be attacked personally even before addressing the issues raised.
Politics › Okonjo-iweala Replies Soludo Says He Is Nigeria's Worst CBN Governor by agabusta(op): 12:47pm On Jan 28, 2015
Soludo's self serving article on Economic management is deficit in facts, logic & honor - Okonjo-Iweala

Coordinating Minister for the Economy and Minister of Finance Ngozi Okonjo-Iweala has responded to former CBN governor Charles Soludo's article titled Buhari Vs Jonathan: Beyond the election, where he criticized the presidential economic team (read here). NOI's response below...
1. For anyone who has not read Professor Charles Soludo’s article on January 25 2015, I would encourage them to do so. It is littered with abusive and unbecoming language. It shows how an embittered loser in the Nigerian political space can get so derailed that they commit intellectual harakiri by deliberately misquoting economic facts and maliciously turning statistics on their head to justify a hatchet job. We hope all the intellectuals in the international circles in which Professor Soludo has told us he flies around in will read what a Professor of Economics has chosen to do with his intellect.

2. In this one article Soludo has shamelessly pandered to so many past leaders that Nigerians are asking one more time – what position is Soludo gunning for now? He claims in his article that he has had his own share of public service, yet he has failed twice in his attempts to be Governor of Anambra State and Vice Presidential candidate of various parties. There is definitely an issue of character with Prof. Charles Soludo and his desperate search for power and relevance in Nigeria. Nigerians should therefore beware of so-called intellectuals without character and wisdom because this combination is fatal.

3. But let us turn to the main subject of Soludo’s discourse. So much of what is written is outright nonsense and self-seeking aggrandizement that need not be dignified with a response. It is totally remarkable that Professor Charles Chukwuma Soludo, the man who presided over the worst mismanagement of Nigeria’s banking sector as Governor of the Central Bank of Nigeria between May 2004 and May 2009, can write about the mismanagement of the economy.

4. Nigerians must be reminded of his antecedents as CBN Governor, and even prior to that, as the Chief Economic Adviser to the President. The consolidation of the banking sector was a good policy idea of the Obasanjo Administration but Soludo went on to thoroughly mismanage its implementation leading to the worst financial crisis in Nigeria’s history. So what did Soludo do?

5. After consolidation, the regulatory functions of the Soludo-led CBN were very poorly exercised. As Governor, he failed to adequately supervise and regulate the now larger banks – an anomaly in Financial Sector Supervision. In fact as every Nigerian knows, in his time there was very little separation between the regulators and the regulated which is a violation of a key requirement of Central Banking success. This led to infractions in corporate governance in many banks as loans and other credit instruments running to hundreds of billions of naira were extended to clients without following due process, and several of these loans could not be paid back. This massive accumulation of bad debts or non-performing loans as they are called in the banking sector meant that our banks were ill-positioned to deal with the global financial crisis when it hit.


6. In fact, the banking sector was brought to its knees and required a massive bailout by Nigerian tax payers. This bailout was done by his successor (now Emir of Kano) who cleaned up all the bad debts and transferred them to the newly-established AMCON, from where they are managed today. So let it be noted for the record books that Soludo’s single-handed mismanagement of the banking sector led to an incredible accumulation of liabilities that will cost tax payers about N5.67 trillion (being the total face value of AMCON-issued bonds) to clean up. Let it be noted also that this amount, which is more than the entire Federal Government 2015 Budget, constitutes the bulk of Nigeria’s “contingent liabilities” mentioned in Soludo’s article. It is only in Nigeria where someone who perpetrated such a colossal economic atrocity would have the temerity to make assertions on public debt and the management of the economy.

7. Let us now look at some of the points he makes. Luckily, Soludo has told us that he has been busy travelling internationally, hobnobbing with his global partners. It is obvious from this article that from the rarefied heights at which he is flying he is completely out of touch with what is happening with the management of this economy. Take his comments on the mismanagement of the economy and the imposition of the austerity measures. The present fall in oil prices, a global phenomenon over which Nigeria has no control, has given every charlatan the opportunity to attack the economy, and by extension the managers of the economy

8. It is true that the economy grew well during the second-term of former President Obasanjo as a result of the reforms supported by the President and implemented by the Economic Management Team. Please note that the Finance Minister under whose leadership that good performance took place, including massive unprecedented debt relief, is still Finance Minister today. But thorough examination of the facts on performance under the Jonathan Administration will also reveal that at a time when global economic performance was mediocre, with GDP growth averaging about 3 percent per annum, Nigeria’s GDP growth – averaging about 6 percent per annum – is indeed remarkable. Even more interesting is the fact that the oil sector did not drive this economic performance but the non-oil sector (Agriculture, Manufacturing, Telecommunications, the Creative Economy, and so on), which shows that the current Administration’s diversification objective under the Transformation Agenda is working. Transformation equals diversification

9. This current government managed to control inflation, which he Soludo, was not able to do during his time at the helm of monetary policy in Nigeria. When he left the Central Bank in 2009, inflation – which hurts the poor and vulnerable in the society the most – was above 13 percent per annum. Now, inflation is at single-digit, at 8 percent per annum. What about exchange rates? Well this administration again managed to stabilize the naira exchange rates, such that between May 2011 and the end of 2014, official exchange rates against the dollar rarely moved out of the N153 to N156 band. It is only with the recent dramatic fall in oil prices and the consequent impact on our foreign reserves that the exchange rate has become quite volatile. The drop in oil price has been heavy and rapid impacting all oil producing nations significantly. Nigeria is no exception and appropriate fiscal and monetary policy measures are being put in place to manage this situation.

10. In fact, history will recall that careless remarks by Prof. Soludo (then Chief Economic Adviser to the President) hypothesizing a possible naira devaluation, condemned the naira to a free fall towards the end of 2003. Ray Echebiri, in his 2004 article in the Financial Standard, wrote that not even the assurances given by the then CBN Governor, Mr. Joseph Sanusi or President Obasanjo that any plans to devalue the naira existed only in the head of Professor Soludo could halt the fall of the naira from N128 to the dollar in the official market to about N140 between September and December 2003.

11. It is true that our foreign reserve accumulation is less than what it should be but the reason for this has been fully given, not as excuses but simply as fact: lower oil production and crude oil theft along with the refusal to save in the Excess Crude Account (ECA) are the reasons. Contrary to what Soludo said, oil production under President Obasanjo was higher than current levels. Quantities produced averaged 2.4 million bdp, 2.22 million bpd, and 2.21 million bpd in 2005, 2006, and 2007 respectively but has declined now to between 1.95 and 2.21 million bdp due to vandalism of the pipelines and the resulting “shut-ins” to fix the problem. It is true that had production been at the previous levels and had there been willingness to save we would have had more money in the ECA and also in the reserves. But the overriding setback to savings is that the State Governors felt it was their constitutional right to share the money. Please recall that even as we speak the States have taken the Federal Government to the Supreme Court on this issue

12. Soludo’s claim that 71 percent of Nigerians live below the poverty line is misleading and disingenuous. He uses 2011 statistics on poverty by the NBS to support his argument while ignoring more recent figures. But as stated in the Nigeria Economic Report 2014 by the World Bank, poverty rate in Nigeria has dropped from 35.2 percent of population in 2010/2011 to 33.1 percent in 2012/2013. By the way, the reason why our poverty numbers have been so wrong is that the National Bureau of Statistics (NBS), under Soludo’s supervision as CEA and Vice-Chair of the National Planning Commission, departed from the international standard method of poverty measurement. Is he now ignoring the right economic statistics to wilfully manipulate information?

13. No doubt we have a problem with unemployment in this country and we must deal with it. Indeed this Administration is dealing with it and stands proud of what it has accomplished so far and is pushing hard to accomplish much more. As a first step, the Administration, through the office of the Chief Economic Adviser to the President and the NBS, worked hard to determine how many jobs we need to create in a year. What you don’t measure you cannot make progress on. Why didn’t Soludo do this when he was CEA?

14. We need to create about 1.8 million jobs a year in this country to cater for the new entrants into the labour market, but we also need to deal with the backlog of the unemployed and the underemployed, e.g. those selling on the streets. Dealing with this global challenge of unemployment is not an easy task for any country, as can be seen from the experiences of developed countries particularly in the euro area. But the Jonathan Administration is making good progress, creating an average of about 1.4 million jobs per year by driving quality growth in key sectors like Agriculture, where the bulk of new jobs are being created, Housing, Manufacturing, Financial Services, and the Creative Industries like Nollywood.

15. In addition we have special programs to promote job creation among the youth and these include:

16. On the issue of debt, Nigerians deserve to know the truth and we have said it before. The truth is that the government borrowed in 2010 to pay an unprecedented 53.7 percent wage increase to all categories of federal employees as demanded by labour unions. The total wage bill rose from N857 billion in 2009 to about N1.4 trillion in 2010, and as a result, domestic borrowing increased from N200 billion in 2007 to about N1.1 trillion in 2010 to meet the wage payments. Where was Soludo at the time? Why did he not react to the borrowing then? Was it because he wanted to pander to labour in preparation for his political career?

17. It is noteworthy that since 2011, the Administration of President Goodluck Ebele Jonathan has been prudent with the issue of debt and borrowing. The Economic Management Team not only looks at debt to GDP ratio, where Nigeria has one of the lowest numbers in the world at 12.51 percent but it looks at debt service to revenues. That is why in spite of the rebasing and a larger GDP, the administration has taken a prudent approach to borrowing. The prudent approach helped to drive down domestic borrowing from N1.1 trillion in 2010 to N642 billion in 2014. In fact for the first time in our nation’s borrowing history we even managed to retire N75 billion of domestic bonds outright in 2013.

18. Despite the present tough situation, we do not plan to go on a borrowing spree but to keep borrowing modest at a level sufficient to help us weather the present situation. We have already ramped up efforts to generate more non-oil revenues for the government while cutting costs of governance. Therefore, Soludo’s claim that this Administration is reckless with debt does not hold true.

19. Since Soludo seems so ignorant to what has been achieved by the Jonathan Administration, let us present just a few examples of them here again. This information is easily verified.

· We are improving infrastructure across the country. For example, 22 airport terminals are being refurbished, and five new international airport terminals under construction in Lagos, Port Harcourt, Kano, Abuja, and Enugu. Soludo’s kinsmen in the South East now have an international airport in Enugu, and for the first time in Nigeria’s history can fly direct from Enugu to anywhere in world for which they are very grateful to this Administration. But with Soludo being up in the air with his international travels, he has not touched ground in the Southeast to observe this development for himself.

· Various road and bridge projects have either been completed or are under construction. Those completed include the Enugu – Abaliki road in Enugu/Ebonyi States, the Oturkpo – Oweto road in Benue State, the Benin – Ore – Shagamu highway, and the Abuja – Abaji – Lokoja dualization, and the Kano – Maiduguri dualization. The Lagos – Ibadan expressway and the Second Niger Bridge are under construction.

· Rail from Lagos to Kano is now functional, as is parts of the rail link between Port Harcourt and Maiduguri. All these have brought transport costs down. We recognise that more needs to be done in the power sector, but bold steps (like the privatisation of the GENCOs and DISCOs) have been taken, and our gas infrastructure is being developed to power electricity generation

· In Agriculture, over 6 million farmers now have access to inputs like fertilizers and seeds through an e-wallet system, which is more than the 403,222 that had access in 2011. Rice paddy production took off for the first time in our history, adding about 7 million MT to rice supply. An additional 1.3 million MT of Cassava has also been produced and as a result, the rate of food price increase has slowed considerably, according to the NBS.

· In Housing, we have put in place a new wholesale mortgage provider – the Nigerian Mortgage Refinance Corporation (NMRC) – to provide affordable mortgages to ordinary Nigerians, starting with those in the low-middle income bracket. This sector will help the economy grow as we tap it as an economic driver for the first time. Mortgage applications from 66,000 people are currently being processed and 23,000 have already received mortgage offers

· Our Manufacturing sector is reviving with new automobile plants by Nissan, Toyota, etc. This is in addition to the backward integration policy in key sectors like petrochemical, sugar, textiles, agro processing and cement, which Nigeria is now producing 39,000 MT and exporting to the region.

· The Creative sector is now a factor in our GDP, with Nollywood alone accounting for 1.4 percent, creating over 200,000 direct jobs and nearly 1 million indirect jobs. This is the first Administration to recognise its importance and support its further development with a grant program.

· A new bank – the Development Bank of Nigeria – will soon be operational and this bank will help bridge the access to finance gap, which is a major constraint for the private sector especially SMEs. The bank will provide long-term (5 – 10 years) financing at affordable rates for the first time in our nation’s history.
20. This is the path that the government has been on before this fall in oil prices. The response to the economic shock has been spelled out to the Nigerian public over and over again, and the Administration intends to focus on managing this crisis appropriately. This year will be difficult. To say anything less to Nigerians will be untruthful. It would have been better if there had been a bigger cushion of the Excess Crude Account to manage this situation but despite this the nation can rise to the challenge. More importantly, President Goodluck Ebele Jonathan and the Economic Management Team are seeing this as an opportunity to diversify the revenue sources of an already diversifying economy. In fact let me at this juncture use this opportunity to comment on Soludo’s appalling statement that rebasing brings no policy value. Rebasing has enabled us to better grasp the new diversified nature of our economy. This provides the basis for our present drive to support different sectors with appropriate policy instruments to enhance their development. Rebasing has also enabled the Administration to create the platform from which to drive our work on increasing non-oil revenues. These are areas of critical policy value.

21. Soludo mentioned the issue of the Economic Partnership Agreement with the EU, noting that this Administration has not been vocal or clear on its direction with this agreement. On the contrary, the Administration, particularly the Ministry of Industry, Trade, and Investment, has been clear on this issue but since Soludo has been in the air he probably has not been aware of this. Just recently, the Minister of Industry, Trade and Investment reiterated again to the corporate sector that Nigeria has not signed and does not propose to sign the EPA in its present form.

22. The point is that this government has been pursuing the right economic policies, and its efforts have been acknowledged nationally and internationally. Let me say that there are objective ways to measure performance. There are international institutions globally accepted to do this. They have acknowledged this Administration’s good economic management up to the recent crisis and even now.

23. We cannot go by someone’s subjective view, driven by bitterness and bile. We need to look to the truth and to professionalism. This is where Professor Soludo totally fails. For the other gratuitous, political, and personal attacks, we are sure that those mentioned will respond appropriately. It is a sad day for Nigeria and the economics profession that someone like Soludo, a former CBN governor should write such an article. If Soludo wants to regain respect, he should return to the path of professionalism. He certainly needs something to improve his image from that of someone whose sojourn into National Economic Management ended in disaster for the banking sector, his sojourn in politics, ended in overwhelming rejection by the electorate, and more recently, his sojourn abroad, has put him out of touch with the reality of the Nigerian economy.


Paul C Nwabuikwu
Special Adviser to the Coordinating Minister for the Economy and Minister of Finance


http://lindaikeji..com/2015/01/soludos-self-serving-article-on.html
Politics › Re: Okonjo-Iweala Responds To Soludo's Attack (Press Release) by agabusta:
It is getting more interesting.

I am surprised NOI can be praising Sanusi. After they have stampeded Sanusi out of office they can now acknowledge his contributions. yeye people.

Well, lets keep watching, Aunty Ngozi may finally commend him in his effort of reporting the $20B stolen money after they are kicked out in February and GMB is sworn in in May 29th. grin

The hallmark of this administration still shows in the response. Before they address issues, they first attack the person that tables the issues. Anybody that talks against this administration will be attacked personally even before addressing the issues raised.
Politics › Re: VIDEO: Epic SR Debate Between Mr. AyeDee (GEJ Fan) & Ogundamisi (GMB Fan) by agabusta: 11:12am On Jan 28, 2015
I like this. Kudos to SR. I will comment more on the debate after I've watched and analysed it.
Politics › Re: Breaking!! Cambridge Assessment Add Notes To Earlier Statement On Nig Enquiries by agabusta(op): 2:33pm On Jan 27, 2015
cuteboy2:
Thank you for confirming that English and Mathematics were "part of the criteria".

But were those criteria mutually exclusive?? The obvious answer is NO!!!

The basic requirement was credit in English and Mathematics + 3 other subjects, IN ADDITION TO recommendation from a public officer, in this case his school Principal.

You are very correct to state that Buhari cannot join the army exclusively with a letter from his school Principal. He needed to obtain those 5 credits as well. There is no way his Principal would have been so specific in mentioning this requirement if it was not required.

[size=18pt]"I CONSIDER THAT MOHAMED BUHARI WILL PASS WEST AFRICAN SCHOOL CERTIFICATE WITH CREDITS IN ENGLISH, MATHS, AND THREE OTHER SUBJECTS"[/size] - Principal Provincial Secondary School, Katsina
You are a fraud. Why are you editing my statement and putting another one in its stead. No wonder the PDP is so afraid of Buhari. Majority of you guys are thieves and frauds and will definitely end up in jail when GMB takes over.
Politics › Re: Breaking!! Cambridge Assessment Add Notes To Earlier Statement On Nig Enquiries by agabusta(op): 12:34pm On Jan 27, 2015
PointB:
No problem, at least we know that:

1. We know he lied about his certificate being with secretary military board
2. He joined the army with a recommendation letter that he will pass English, Maths, and three other subject
3. We know through the dodgy result he failed mathematics and ordinary wood work
4. We know he lied about being in the same class with Shehu Yar Adua
5. We have shown that the result he presented are doctored
6. Lawyers have dragged his ass to court
7. Several Nigerians are ridiculing him social and print media for lack of certificate, etc

If he did have the result, how would all these embarrassment have helped his cause? Wouldn't it have been better if people didn't know some this about him? How does allowing this to fester help his image as "Mr. Integrity" even as election draw close?

Nowm even if it is eventually confirmed by Cambridge that he did have the result issued by Kastina board, does that in anyway help the fact that he failed Mathematics, and then proceeded to further disgrace himself by having F9 in wood work? Don't forget the news flying around that he failed all him military exams!

How do all these fit into his image as the president of highly educated Nigerians? Wouldn't Nigerian be ridiculed as the country ruled by dullard?
I am convinced that he doesn't have it (the certificate)! No politician who knows his/her onions will allow such ridicule to fester, if he/she has the power to stop it!

Buhari cannot stop this ridicule (or propaganda) because he has something to hide; perhaps something more sinister that failure in maths and wood work. Sooner or later more revelations will surface!


All these happened because Buhari failed to promptly request for his result! He is too slow, perhaps a slowpoke!
1. We know he lied about his certificate being with secretary military board
The military chose their words carefully, they said the result and its copies were not found in his file. Which can mean it was earlier there and no longer there OR it was never there.

2. He joined the army with a recommendation letter that he will pass English, Maths, and three other subject
Those are part of the criteria for joining the army. Someone will write a recommendation for you. He was not employed to the army solely on the strength of this recommendation for your information.

3. We know through the dodgy result he failed mathematics and ordinary wood work
And so? Have you brought out the criteria for joining the army in 1961 that shows that those that failed maths but had complete 5 credits (including English) were not eligible?? If not, please keep quiet for now.

4. We know he lied about being in the same class with Shehu Yar Adua
You know?? Has Yarudua's family refuted this? What of their other classmates, have they refuted this as well? Who are you? Why are you relying on Wikepedia's information that can be edited by anybody.

5. We have shown that the result he presented are doctored
All your noise will be thrown at your face when Cambridge releases the result by themselves. I just hope u wont claim Buhari has bribed them then.

6. Lawyers have dragged his ass to court
What were you guys waiting for earlier? Instead of making noise that was what you were supposed to do right from time. I'm glad you are now making use of your thinking faculty.

7. Several Nigerians are ridiculing him social and print media for lack of certificate, etc
lol, several?? and majority are saying they dont even care if he present it or not!
Politics › Re: Breaking!! Cambridge Assessment Add Notes To Earlier Statement On Nig Enquiries by agabusta(op): 12:14pm On Jan 27, 2015
cuteboy2:
Why should Buhari authorize Katsina Govt College to release his result and certificate, when the right and authentic body to execute this directive is The University of Cambridge Local Examinations Syndicate (UCLES).

And now you are assuring us "the result will be released by Cambridge". So you know the right source after all.

Did Buhari authorize you to make this lofty promise on his behalf?

Or are you the new APC publicity secretary? Have you taken over from Alhaji Lai Mohammed?
What are you saying? The school is the first point of call because they also have a record of the result! The awarding body should be the last resort.
Politics › Re: Breaking!! Cambridge Assessment Add Notes To Earlier Statement On Nig Enquiries by agabusta(op): 11:53am On Jan 27, 2015
jmaine:
Invariably you are campaigning for a tyrannical General disguising as a Democrat to deceive the masses.

This is democracy, we have a right to stampede him to do the needful, any resistance shows the yelling of "CHANGE" from the APC crew is a very fraudulent one. Simply because the main actor isn't any different from his notorious history.
You are right this is democracy, but majority of the outcry for his certificate are from those doing that just to embarrass him and spoil his chances at the polls. Infact, they even know that he indeed has this qualification, but just playing to the gallery.

He has already stated in his press statement that he was authorizing the school to release the results based on the demands of his supporters. You PDP goons has chosen your time to cast aspersions on the Peoples General, we his team will take our time as well to throw back your innuendoes at your face.

There are times a leader has to be assertive. It is not every time a leader can be stampeded into making decisions. A good leader who wants to make sterling achievements has to be both soft and hard!

Go and check history of the most successful leaders and you will see this quality in them.

I can assure you the result will be released by Cambridge at the most strategic time to the utter shame of PDP propagandists.

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