₦airaland Forum

Quakertellicus1:
Well, the private investors could come because we had a high amount of forex flowing...which meant that if said investors needed to import raw materials for the industries...they could access forex at a cheaper rate (Naira was stronger then because enough forex was there to buffer it)...they could get it easily.

But we cannot do that now...because releasing forex would drain our reserves...which we cannot replace effectively because we do not have the $100 per barrel prices that the last admin benefited from..which would lead to inflation, and us having to take foreign loans.

So...even though forex restrictions is harsh...it is the only way for now. Question is...how long can we sustain it. In my opinion, I foresee an austerity government in the future...while we spend money improving manufacturing..and making sure industries source for local raw materials to run effectively and save forex.

The challenge is WHO decides which person gets what amount of forex?
Is such a system not prone to CORRUPTION through round tripping?
Do we not have an official rate of N199 compared to a black market rate of N320?
A rational "manufacturer" who is "allocated" forex at N197 is better off selling it at N320 for over 50% net profit than waiting to turn it around for a gross margin of maybe 30%, not so
How do you deal with that
Another layer of officials to monitor and be tempted with corruption?

Quakertellicus1:
What would a PDP government, assuming your man won in 2015...have done differently?

I am serious by the way.

You see the BASIC human motivation is SELF interest hence any society run on government OWNING and dictating everything leads to overall sub-optimisation. There has to be a balance somewhere.
Buhari's APC ideology (if ever there is one) is rooted in that.
Jonathan's PDP philosophy was more of market-driven liberal economics that encourages investments by the private sector. Some of the outcome of applying that style over five years can be seen here:


https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures


Please note that corruption exists in both styles with the one under big government owns everything being WORSE but propaganda and clampdown on the press may obscure it from the general public.

Our man is busy chasing rats while his house is on FIRE.
Who does that except a DullardPoo
Yet the brain dead zombies keep hailing him like flies that will follow deadi bodi enter grave.


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AFOLSNETWORKS:
Thats the sad reality.

Sad reality indeed even with the "only saviour" of our country.


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Cadamlk:
Saraki the hypocrite.Why deceive Nigerians to patronize made in Nigeria products and[b] yet you went to purchase exotic foreign cars for your colleagues[/b] when Innoson has not folded up.

You are not worthy of leader at all. I cant wait to see you thrown out as senate president.

Is Saraki YOUR constituency's senator?
If no, kindly PETITION your senator to reject his exotic car just as Ben-Bruce has done.
Simple as ABC.

booqee:
you guys always know how to sidestep the truth.. topic is about the twitter Senator Murray Bruce's insensitive tweet about the abacha loot..you're talking about bubu's statement about the loot.. you guys reiterated that a million times..you've been heard..

question now is: do his wailing supporters like u agree with him indirectly that looting is good? who knows maybe he is planning to loot himself.. as his fellow party members did in the last 16years especially during GEJ's regime.

you wailers are even worse than some of the APC zombies.. mtchew

Two quick points =>

1) Kindly point out where he said or even suggested that "looting is good".
2) Ebola Owu spent 8 of the 16 years of PDP at the federal administration. Today he is APC navigator along with so many of the worstest elements from the old PDP. What were Ebola Owu's records in governance?

Nigeria's Obasanjo, his Untouchables, and the $16 Billion Power Scam


More from: http://www.africaundisguised.com/newsportal/story/nigerias-obasanjo-his-untouchables-and-16-billion-power-scam


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Keep away from Obasanjo, he wasted $16 billion on power Owie tells Buhari



https://pointblanknews.com/pbn/wp-content/uploads/2015/05/obj-and-owie.jpg


Senator Roland Owie has blasted ex Pres­ident Olusegun Obasanjo over his perceived posture to influence the incoming administration of President-elect, Gen. Muhammadu Buhari.

Reacting to a Think-tank report submitted to Buhari by a team of technocrats put together by Obasanjo, Owie described the document as needless.

In a statement issued in Abuja on Sunday, Owie, who is also a former Chief Whip of the Senate, asked: ”How can Obasanjo be preparing a blueprint for Buhari? A Bini parable says, ‘how can an impotent man get medicine for his brother, who suffers weak erection?’”

Expressing disappointment at Buhari’s romance with Obasanjo, Owie said “Obasanjo will tell the world that the solutions he prescribed for fixing Nigeria were ignored.”

Continuing he said, “I just read that Obasanjo’s think-tank has submitted a blueprint to Buhari. Blue what?

“I am shocked that great Nigerians of the likes of Prof. Akin Mabogunje, Dr. Idika Kalu and Dr. Christopher Kolade were involved. That Obasanjo is linked to the blue-print, it will be a document of blackmail to Buhari very soon.

“Wonders will never end! How can Obasanjo who allegedly wasted eight years in government pursuing perceived enemies, and tried to ruin the legislative and judiciary arms of government in Nigeria; wasted $16 billion on power and not a single kilowatt of energy was produced, destroyed Aladja Steel, Itakpe Steel, Ajaokuta Steel, NITEL, just to mention a few FGN parastatals, now begin to advise Buhari?

“How can Obasanjo, whose government received, in one year, a revenue equivalent of the total revenue that IBB regime received in eight years, yet, nothing to show for it, be handing over blue-print to the in-coming administration?

More from: http://pointblanknews.com/pbn/exclusive/keep-away-from-obasanjo-he-wasted-16-billion-on-power-owie-tells-buhari/

goodlifehyd1:
Our Mr Common Sense needs this urgently, we have been saying it since but wailers wont agree... Brain transplant asap before oga Ben misyarn again


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We know the Baba who is a specialist in misyarns as he suffers from "senior moments" aka Alzheimer's disease abi na Parkinson syndrome.
Please send the spare brain in your post to him in Aso rock.




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encryptjay:
Twitter lord

Na bad thing to have ILLITERATE as president oh.
If care is not taken we may all turn to brain-dead zombies who cannot read and/or understand what they have read.


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BeeBeeOoh:
North East: Senate Turns Down Budget Proposal For Information Ministry..


ABUJA—THE Senate,  yesterday,  refused to treat the budget proposal for the Federal Ministry of Information due to lack of provision for media propaganda in the North East.

The Senate Committee on Information, which took the decision during the ministry’s budget defence, insisted that the ministry must not only rework but also re-present its budget with provisions for effective media propaganda in the North East.

The committee on information, headed by Senator Enyinaya Abaribe, PDP, Abia South, directed that the ministry should bring a budget that will cater for the needs of its media agencies. Abaribe’s directive was sequel to the observation raised by a member of the committee and senator representing Bayelsa  North, Ben Bruce, who had decried the non inclusion of budget for media operations in the North East, in the wake of the Boko Haram insurgency. Bruce, in his remark, had pointed out that during the Nigerian Civil War, the media was effectively used to propagate relevant information. He therefore appealed that the Nigerian Television Authority, NTA, Federal Radio Corporation of Nigeria, FRCN, News Agency of Nigeria, NAN, and Voice of Nigeria, VON, should go and add the required component.

He said: “It would have made more sense for the information budget of the Army to be given to the Ministry of Information to equip these stations to be used by the military as a source of communication.

“For instance, if there is going to be an air raid in a particular area, we can warn the citizens to stay off that particular area".

http://www.vanguardngr.com/2016/02/n-east-senate-turns-down-budget-proposal-for-information-ministry/

I thought Buhari said Abacha did NOT steal ni?
Anyway the PRETENTIOUS saint while at PTF must have stolen more than his then boss



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Nelkoko:
Buhari dey probe PDP campaign fund him don probe him own? DUNCE

You want make HYPOCRISY of the witches finish be that ni?
He cannot because his hands are SOILED with plenty plenty CORRUPTION.

scribble:
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Dollarization Of The APC Primaries: How Amaehi Vanquished Atiku #saibuhari

The blogosphere was inundated with reports of the excessive sharing of dollars at the All Progressives Congress which took place during the latter part of last week.

One APC supporter and Special Adviser to Osun Governor on Environment, BolaIlori had blown the scandal open after he saw the beginning stages of the dollarization in action.

He took to his Facebook page and scribbled, “Crazy things are happening here!!! Some of these cannot represent the change Nigeria is yearning for. Excessive dollarization by one of the aspirants to is to say the least obscene. I have been involved in political process for decades now, I have never witnessed this volume of raw dollarization of party primaries. I only read about this kind of things in PDP primaries. A question been asked by conscientious delegates is that whoever can be giving out between $2000 to $5000 to…delegates certainly does not represent the kind of change Nigerians want…those who contributed to the pauperization of Nigeria now revel in dollarization… majority of Ondo delegates are still standing with Buhari but have been reduced from 85% to 70% within 24 hours…the remaining has gone with dollars ooo.!!!!!”

One has to wonder how Buhari was able to win the primaries in this era of stomach infrastructure where dollars are like the Biblical manna that God sent down from heaven to nourish the Israelites as they made their way to the promised land.

Sources close to the APC with knowledge of the way the Primaries unfolded have revealed that it was Rivers State Governor, Amaechi who flew back to Rivers State and returned to Lagos on Thursday morning with enough dollars to make Benjamin Franklin blush.

It has been revealed that Atiku offered the delegates $5000 each, but Amaechi doubled it to $10000 a pop. Thus turning the tables in favour of General Buhari.

Since his adventure into the APC, Amaechi has gone out of his way to prove himself a party loyalist, always the first to shoki or azonto at the many events the APC holds, which he himself is usually the chief sponsor.

According to party insiders, Amaechi has overtaken Tinubu as the major financier of the party. One does not need to wonder why he is always at President Jonathan’s throat over misappropriated oil wells or other such business. Anything that diminishes from the State’s coffers will have a ripple effect on his funding budget for the APC.



Joe Francis wrote in from Port Harcourt.


http://www.theheraldng.com/dollarization-apc-primaries-amaehi-vanquished-atiku-saibuhari/

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TippyTop:
[s][/s]APC funded their campaign with contributions from Fulani herdsmen abi?

That time Fulani herdsmen were not in the news.
Na Agatu yam farmers donate 5,000,000 yams sold at N1,000 as organised by Audu Ogbeh, current Minister for Agric.
Minister position for N5 billion CROOKED 419 donation is not a bad deal, is it

Aksonman:
In a nutshell, if Yam Farmers can afford to contribute a whooping N5 billion to Buhari's Campaign, it means president Goodluck Jonathan's Agricultural transformation is working.

Where Yam farmers for see that kain money 6 years ago?



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onexile:
All those supporting this govt, May God, Allah and Amadioha rule your lives the way Buhari is ruling Nigiriya.

Please say Amen....?

Can I join you to wait for any zombie that may show up to say Amen?
Meanwhile make I add another prayer point for the Lamenting Lamenters.



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Deen77:
Not knowing Jonathan has empty the government purse, no saving.

Busting PROPAGANDA- my favourite sport on NL

FG, States, LGs Share N568.4 Billion for Oct
15 NOVEMBER 2013


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Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

Mynd44:
Kemi Adeosun be like

....time to fulfill PROMISES, right



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Campaign promise delivery loading...........



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Stancity:
Buhari already have many cases to think about... Why cant all these hungry journalist shut up for the main time and allow Buhari to sit down and study the 2016 Bill and sign it so that he can start work and implementation cus time is running out..

We cant continue to pursue rat when our house is on fire cus most of those rats arent ordinary rat, you continue to chase them and you wont catch then and in the end you end up losing both rat and the house...

How will you know a CONFUSED man if he does not pursue rats while his house is on fire




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Keneking:
We knew.....

Yes, we knew that.............



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5starmilitant:
Yes buhari is the petroleum minister, but kachikwu was the one giving different dates. He was confidently saying them, but nothing has happened so far.

I am sure superman Buhari will soon deal with Kachikwu and we will start getting fuel boku boku for everywhere.



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Does she have any TALENT and interest that may be polished and UPGRADED through vocational/technical education/college
One or two years of low cost study may yield GREATER returns and lead to ownership of her own business.

5starmilitant:
And Ibe kachikwu keeps given Nigeria false hope. All the dates he promised to end to end the scarcity have past already.


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I thought that the Minister is Buhari while Kachkwu is just helping him execute the directions and orders given, not so

Change Chain indeed.
How could a supposed party of saintly progreTHIEVES be associated and associating with an INDICTED violent thug and sponsor of Boko Haram terrorists
I pity the zombies who keep following these PRETENTIOUS cabal who are out to steal and kill the unsuspecting 200 million mumu fellow citizens.



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Borno: Senator Ndume slaps Assembly member over APC Primaries


A member of the Borno State House of Assembly, Hon. Ahmed Jaha popularly called ‘Babawo’ received the beating of his life after failing to win the primary election for the APC’s House of Representatives for Gwoza, Chibok and Damboa Federal Constituency.

The member, a former errand boy to senator Ndume, won the state assembly election in 2011 following the support he enjoyed from his political godfather, but fell out with his boss when he declared to contest for the National Assembly seat in 2015.

According to sources close to the member, he made a mistake of attacking his political godfather, when he alleged that Ndume did not support him during the primaries of the APC but supported former Commissioner for Tourism, Dr. Asabe Vilita Bashir to win the APC ticket.

An eyewitness to the incident told DAILY POST that the lawmaker attacked Ndume at the Maiduguri Government House while they were preparing to travel for the APC presidential primaries in Lagos, a situation which angered the Senator to give him several slaps in the presence of top government and political office holders.

Babawo, who was left shattered after receiving the slaps said he would do everything to work against the party and the victory of his political godfather and Dr. Asabe Bashir.

From: http://dailypost.ng/2014/12/11/borno-senator-ndume-slaps-assembly-member-apc-primaries/

Nigeria senator Ali Ndume 'linked to Boko Haram'
22 November 2011

A Nigerian senator has been charged over his alleged links to the Boko Haram Islamist militants who have staged numerous deadly attacks in recent months.

Ali Ndume has been questioned by secret police since Monday night.

He denied charges of intimidation and breach of trust after an alleged Boko Haram spokesman said Mr Ndume had paid him to send threatening text messages.

More from: http://www.bbc.com/news/world-africa-15829203

eyeview:
That's how boko haram started. They started by kidnapping and receiving ransoms. The security agencies treated it with kids gloves,not knowing that it was a source of funding for their arms acquisition. By the time they went into full scale terrorism,the security forces were left wondering how they were able to purchase the kind of arms they carried.
Now,these fulani herdsmen have started kidnapping and picking ransom and nobody is raising eyebrow. They will soon resurface with sophistcated arms in those various states and we will be shocked again

These guys are just DECOMMISSIONED Boko Haram terrorists who have been given a new assignment by their sponsors who are NOT bothered by the slaughtering and genocide of their fellow citizens.



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TippyTop:
From Lagos state to Rivers State, trust APC to arm their hoodlums/supporters during election.

If Nairaland was a campaign ground, APC members won't be debating with us, they'd be shooting us instead.

Are they not already shooting us with cyber

- insults
- abuses
- bullying
- hacking attacks.

However God big pass the senseless, baboons & dogs soaked in blood zombies, surely!!!



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RedCapChief:
See how APC denied the poor fellow. By 2019, they will start looking for him again

We sef ready dey wait them o jare.
Three more years




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Progressive01:
Fool. Who send am?? These are the kind of people I feel no pity for. They should hang him by the balls and flog him to coma for being so dumb.

Why the politician children themselves no deliver the guns??

Mumu man. You are strictly OYO.

Their children are ALL busy in schools abroad paid for by forex bought at the OFFICIAL exchange rate while our president tells other parents to "find their way if they can afford it"




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maltina:
oboy... i wish this guy can produce evidence to back his claims so the world would know APC for what they stand for

I very much like your choice of words.
While SOME of us know that the broom-wielding, coven dwelling gathering of witches & wizards is the REAL "nest of killers", far too many zombies remain brain dead to this FACT.
Anyway the police people should grill this cultist gun runner on the death of Engr. Funsho Williams.




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Interesting REVELATION about the born-to-gain gathering of progreTHIEVES, innit?
Anyway shebi their National Leader is the Asiwaju Asiwere of agberos.




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prinsam30:
good morning my beautiful people, today is going to be wonderful I can feel it

Do you mean I can FUEL it



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Yes.
And you don't need a lot of money to go on honeymoon.
You could go to a town away from where you normally live for a week and just de-stress all the hassles of wedding and prepare for marriage.

I am sorry for these policemen.
If the APC governor of Kaduna state catches them my hand no dey oh!!!



[img]http://oregie.files./2014/09/el-rufai-tweet-fulani.jpg?w=558[/img]



Anyway, we can always send the man below to beg him on behalf of the MISBEHAVING policemen.



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Babalegba:
Looks like Buhari is serious about fighting corruption after all.Thieves should be in jail and not in the senate

....but this thief is in Aso Rock and not in jail. Do you know why?
Could it be HYPOCRISY



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