₦airaland Forum

Volksfuhrer:
Did you say cbn was left with no choice? You think devaluation is a magic wand that solves this problem. Well now that you have devalued the naira, you think foreign investors including local ones would not want to hedge their funds by holding forex thus putting more pressure on the naira.

Perception is key here. And how realistic is $78/b of oil bench mark for the 2015 budget. Investors know how risky the effects of such a policy could be on your reserves, and now they are bailing.

The bench mark could drop to 50$/b for starters. Plug leakages in oil revenue and curtail looting. Why didn't they start with that?

Where do you curtain this looting, in Abuja or your state capital/LGA?

Obiagelli:
How exactly does this link differ from mine.

You are kidding bah?

Obiagelli:
Go and read the link, ask direct questions, i don't have time tonight

Sorry, your rubbish is not worth my reading time.

National Bureau of statistics Q2_2014_Trade_Report is out there for you to educate yourself.



http://www.nigerianstat.gov.ng/

http://www.nigerianstat.gov.ng/pages/download/249

Obiagelli:
' Nigeria's international trade is 92% import, 8% export '

thenationonlineng.net/new/nigerias-international-trade-is-92-import-8-export/

Really, what makes up that 92% you import and the 8%, you export? Before you post junk, take 5 mins and see, if it makes any sense.

Obiagelli:
What are you exporting? Have we even covered our local market.

You are good with producing data, make that your assignment and find out what Nigeria exports. Start with Ijebu garri, you be surprised what the real economy does in this country.

Those in the export sector of the economy will see this as good news. The people waiting on government to butter their bread, will keep crying. One commodity is funding the activities of your welfare state, when that commodity coughs, you people will always catch cold.

Obiagelli:
Yet your economy is on a free fall.

Free fall, maybe in planet pluto

Each time papa Ayo talks, he reminds me of Benson Idahosa. Fearless any day anytime. Putting this lying sultan where he belongs.

By Soni Daniel
Abuja— Two prominent Nigerian religious leaders the Sultan of Sokoto, Alhaji Sa’ad Abubakar III, and the National President of the Christian Association of Nigeria, CAN, Pastor Ayo Oritsejafor, yesterday, openly differed on the war being waged against Nigeria by the Boko Haram insurgents.

Although the two religious leaders agreed that the Boko Haram sect had committed serious havoc against the country and its people, they disagreed sharply on why the sect has continued to unleash unabated violence on the nation.
The two men of God spoke at a roundtable meeting with special advisers on religious affairs drawn from the 36 states of the federation and the Federal Capital Territory held at the old Banquet Hall of the Presidential Villa, Abuja.
The programme with the theme “Toward synergising and interfacing in the religious sector for national development” organised by the Offices of the Senior Special Assistant to the President on Islamic and Christian Matters was declared open by Vice President Namadi Sambo.
In effect, Abubakar had insisted that Islamic leaders had done their best to dissuade the sect from committing further destruction of lives and property while the CAN President punctured the claim, saying that the Islamic leaders had not done enough in that regard.

Muslim leaders have tried so much—Sultan

According to the Sultan, Islamic leaders have “tried so much” to preach against the activities of the sect but Oritsejafor said such effort was not strong enough to prevent the insurgents from further mayhem.
The Sultan maintained that there was no problem between Islam and Christianity in Nigeria, pointing out that if there was any problem between the two major religions, it would have been dealt with at that level.
Abubakar, however, blamed the rising level of insurgence on lack of education about religions which breeds lack of trust and sincerity.
He regretted that while Islamic leaders have continued to condemn the insurgents, they are still being accused of not doing enough. This, he said, was not fair to the religious leaders.

He said, he had personally gone across the globe to preach peace and uphold the fact that there is no problem between Islam and Christianity.
In his quest for peaceful relationship between adherents of the two religions, the Sultan said he had written two separate lengthy letters to the Catholic Pope and the Islamic State of Iraq and Syria (ISIS).
He said when people were asking Islamic leaders to sit with insurgents and discuss, they fail to note that the current situation could not be compared to the activities of militants in the Niger Delta.
Abubakar said: “In a situation where Muslim leaders condemn insurgents and they will still be told they have not done enough. That is not fair. We don’t tell ourselves the truth. Followers are not telling the leaders the truth, and the leaders will think they are doing the right things.
“If the governor in Sokoto is told that he should sponsor four people to Christian pilgrimage, so be it. It is government’s fund. If a land is needed in Kano for a church, they should get it after following the due process.
“Muslim leaders have tried so much. I have gone across the globe to say that there is no problem between Islam and Christianity.

We are not going deep enough —Oritsejafor

Oritsejafor said: “But if we would come together there must be sincerity, equality, fear of God and genuine love for one another. The problem with gatherings like this is that if we are not careful it becomes an occasion for good photographs, we shake hands, we talk very nicely, we are all politically correct. We don’t want to offend each other. Please let’s offend each other, we need to. Because if we don’t offend each other, we will not tell each other the truth and that is part of Nigeria’s problem.
“If you come out to say certain things, there are those who feel you are rocking the boat, but God is in the boat, the boat will not sink. Let us talk to each other, let’s tell the truth to each other and let’s not sweep it under the carpet. When we finish the opening ceremony and you go into the close door session, lay all the cards on the table.
“It is truth your Eminence that Christianity and Islam have no problem but I’m glad you said, there could be problem between Christians and Muslims and the reason is because probably we are not going deep enough.”
Likening Nigeria to the boat in the Holy Bible that wanted to sink with Jesus Christ on board but did not sink, he noted that many things have happened in Nigeria that have rocked the boat, but the boat has remained standing.
He said: “Some are religious, political, tribal, but different things have happened that have rocked the boat. But let me still thank the Lord that the boat is still floating.”
Querying why a church in the North in the last 30 years have not been able to get a Certificate of Occupancy (C of O) for land, he said any mosque or church should be able to get C of O anywhere in the country.

Letter to Boko Haram
He charged the Sultan to also write a letter to Boko Haram to stop their attacks and not just the letter to the Islamic State of Iraq and Syria (ISIS).
He said: “His Eminence said he wrote a letter to ISIS, I have to truly congratulate you for that because that was a very good move. I didn’t know about it until today and I am so glad it happened. But I want to appeal that you also write to Boko Haram because Boko Haram is worst than ISIS. They have killed more people than ISIS, they have caused more atrocities than ISIS. They need to be written to as well, it is very important it will help.”

- See more at: http://www.vanguardngr.com/2014/11/sultan-oritsejafor-differ-war-boko-haram/#sthash.2ePPoetY.dpuf

Codedboy95:
they pay about N2, 911, 300.00/year (day student) N4, 000,300.00/year (boarding) does it worth it ??..

Yes.

Ttalk:
In other words you are saying they "will seek new ventures" but using old means, whatever way you look at it masses will still suffer.

The best way is to cut their wings, how do we do that, prosecute and jail corrupt fuel subsidy, thereby they will not infiltrate other sectors

You can do that or systemically remove government from business. The airlines, banking and now telecom were once dominated by government. Nigerians gained zero from them, yet these sectors created many briefcase/civil service billionaires. Today the difference is clear.

Ttalk:
Will total removal of subsidy kill subsidy cabal? No

If you agree with me, these oil thieves will simply find another means of sucking vulnerable Nigerians

The cabal in the oil subsidy sector, will seek new ventures, as Nigerians reap the improvement in the down stream sector.

[quote author=atlwireles post=28335898]I

Ttalk:
Who is talking about overtax?

The same people that are agitating for Jonathan to completely remove the fuel subsidy?

The same people that can afford the price of petrol even if its sold at N200

We will continue to puncture saTANist lies,

Can we then conclude that you enjoy being over taxed

Tell me reasons that would make a sane human run from a tax free region to the one that want to tax him to death

I want government out of petroleum down stream sector, because they enable corruption and cause more problems, than help the sector.

I want subsides removed, because it has killed too many jobs, stopped innovation and created a band of briefcase billionaire.

Remove subsidy, give states the money so they can provide free food in primary and secondary schools, plus a national retirement program for all people above the age of 65 in their different regions.

Government has no business in the petroleum sector, period. Besides acting as a regulator.

Petroleum subsidy as it is today, is a tax on the poor.

http://businessdayonline.com/2014/11/69-countries-propel-nigeria-to-africas-financial-centre


Capital inflows into Nigeria worth $37.6 billion (N5.9 trillion) between January 2013 and Q3 2014 have moved the country a step closer to becoming Africa’s number one financial centre, according to BusinessDay Research and Intelligence Unit’s (BRIU) findings.

This value represents the amount of capital importation into the country in fiscal year 2013 ($21.3billion) and from January to September 2014 ($16.3billion).

An International Financial Centre (IFC) is a place where global financial business can be done profitably, easily and efficiently. It has a pool of highly skilled management and talents covering business, finance, legal, accounting and other interdependent services that can facilitate large scale cross-border transactions within the shortest possible time.

According to the recent ranking, the top ten IFCs are New York, London, Hong Kong, Singapore and Zurich. Others are Tokyo, Seoul, Boston, Geneva and San Francisco.

BRIU analysed the data on capital importation made available by the National Bureau of Statistics (NBS) and found that these investments came from 69 countries during the period under review.

Lagos State, Nigeria’s commercial centre got 99 percent and 98 percent of the 2013 and 2014 capital inflows respectively.

In addition, the majority of the capital inflows went into equity investment. Seventy-one percent or $15.1 billion in 2013 went to equities, while $9.9 billion, or 61 percent of the amount brought in as at Q3 2014 also went to the same investment.

This is in spite of the 17.38 percent negative returns the Nigerian Stock Exchange (NSE) index has posted year-to-date. The implication of the strategic positioning of foreign investors is that the current capital market state is temporary.

“We believe a few of the factors accounting for the continued attraction of the Nigerian market to foreign portfolio investors despite the headwinds include the relative pricing of the market compared to peers (11.04x vs 15.03x peer average), sound fundamentals of the economy, CBN’s resolve to defend the naira has minimised FX volatility until recently.

“They also include the relative stability and transparency in the management of the Nigerian Stock Exchange (NSE) as well as a number of reforms taking place. This has also led to the recent admission of the NSE into the World Federation of Exchanges(WFE), which is another image booster for transparency, sound regulations, to mention a few”, according to Olawale Olusi, a research analyst with Meristem Research.

The plan to make Nigeria Africa’s financial centre is fully encapsulated in the Central Bank of Nigeria’s (CBN) report on Financial System Strategy (FSS) 2020 through which it aims to make the nation “the safest and fastest growing financial system among emerging markets which will have the capacity to drive rapid and sustainable economic growth primarily in Nigeria and Africa.”

Our analysis shows that 15 African countries invested in Nigeria during this period; ten from Asia; 24 from Europe and eight from the Middle East. There are seven countries from North America; three from the Oceania and two from South America.

The highest capital inflows into Nigeria from African countries came from Mauritius whose investors injected $673.7 million in fiscal year 2013 as well as $392.9million between January and September 2014. From Asia, Singapore was the highest source of capital inflows in 2013 with $158.8million to its credit but has since been dethroned by China whose investors have so far injected $115.1 million into the Nigerian economy in 2014 while the Singaporean investors can only boast of $74 million capital injection year-to-date.

The United Kingdom (UK) remains the highest source of capital inflows into Nigeria from Europe and among all the 69 countries put together. A total of $10.6 billion or 50 percent of the entire capital importation in 2013 came in through the UK investors, while $8.99billion or 55 percent has also come into the country through the same source in 2014.

Investments from Lebanon, worth $47.3 million, topped the list of the capital inflows from the Middle East in 2013, but that position has been taken over by Saudi Arabia which has so far invested $376.3 million into the Nigerian economy in 2014.

The United States of America (USA) has the second highest capital inflows into Nigeria overall and first among the countries from the North America. A total of $4.14 billion or 19 percent of the entire capital importation in 2013 and $2.66 billion or 16 percent of the 2014 capital importation into the Nigerian economy came from the US.

Furthermore, the $70 million and $200 million investments from Pitcairn put the small island as the highest source of capital importation from the Oceania in 2013 and 2014 respectively. The highest inflows from South America came from Brazil.

Interestingly, ten new countries in 2014 joined the list of nations investing in the country, a move which suggests that the global confidence in the Nigerian economy is very high, our short term problems regardless. These countries are Armenia, Greece, Hungary, Malaysia, Malta, Qatar, and Seychelles. Others are Thailand, Uganda and Vietnam. Total capital inflows from these countries added up to $613.43 million in 2014.

The President of the Christian Association of Nigeria (CAN), Pastor Ayo Oritsejafor, on Monday urged the Sultan of Sokoto, Alhaji Sa’ad Abubakar, to write a letter to Boko Haram to stop their attacks just as he did to the Islamic State of Iraq and Syria (ISIS).
Oritsejafor made the call in Abuja at a 2-day roundtable with Senior Special Assistants on Religious Affairs from the 36 states of the federation and the Federal Capital Territory (FCT).
“His Eminence said he wrote a letter to ISIS, I have to truly congratulate you for that because that was a very good move.
‘‘I didn’t know about it until today and I am so glad it happened. But I want to appeal that you also write to Boko Haram because Boko Haram is worst than ISIS.
‘‘They have killed more people than ISIS, they have caused more atrocities than ISIS; they need to be written to as well, it is very important it will help.
“I have made an appeal several times that there are some of our leaders who must come together, religious, political and traditional. They must come and discuss.’’
He also enjoined religious clerics, particularly those in the ‘good book’ of the militant sect to reach out to the leadership of the sect so that the real Islam could be presented to them instead of allowing them to continue to be misrepresenting Islam.
According to him, the militant sect will not listen to him, he will have joined the clerics in preaching peace to members of the terror group and the need to practice real Islam.

- See more at: http://www.vanguardngr.com/2014/11/write-boko-haram-stop-attacks-oritsejafor-tells-sultan/#sthash.8PadQeJ0.dpuf

NwaOshimili:
i am from oko if you must know. i love my state but i hate underdevelopment in my state.

Whoa, I have seen lots of people from delta state on NL, unfortunately without Google they wouldn't be able to drive from Lagos to Ibusa , Agbarho or Ozoro. Please spare me your crap.

They are only deltans to insult the tribes of delta State or disparage the big heart state.

You have had your few mins, you can now run along.

NwaOshimili:
i mean asaba-ughelli

You meant Asaba-Ughelli? Do you even know where Asaba is located in Nigeria?

NwaOshimili:
it is for you to provide pictures of those roads to prove me wrong. simple

Get a better job. You stated a thread with pictures, that were not only misleading, they were wrong. You made comments that were out right lies. Now you want me to prove you wrong? .

I hope the OP can tell us the current state of this roads in 2014. Because your pictures are from 2010 and 2011.

NwaOshimili:
when shall our gov complete the asaba-warri road?

Which project is Asaba -Warri road? Are you talking of Asaba- Ughelli dual carriage?

bolaino:
It baffles me, why Governor Uduaghan has decided against completing projects in The whole of Delta state, Go to all parts of the state and you'll see different uncompleted and failed projects, Governor Uduaghan seems to be the worst Governor Delta state has had so far. It's such a shame, And Posterity will judge him and his Family.

You don start again?

Come to Warri, Ughelli,Sapele, Oleh, Agbor, and many small towns in delta, you will find Good roads, Roads under construction and some roads that have not been touched yet. What is your picture trying to say?

The OP, should have presented Asaba in a complete Mode. Not one road and a compound. Even better, Present Asaba before 1999, Asaba in 2003 and Asaba today.

(THEWILL) – The suspected mastermind of the April 14 Nyanya bombing in Abuja, Aminu Sadiq Ogwuche, has won the first round of the case against him.

This is as a Federal High Court sitting in Abuja, Monday, dismissed the two-count charge filed against him by the Federal Government through the Nigeria Police for “want of diligent prosecution.”

Ogwuche was extradited from Sudan to face trial over his alleged involvement in the April 14 bomb explosion that killed over 75 persons at the Nyanya bus station in Abuja.

The trial of Ogwuche could not however begin because of the rivalry between the Police and the Directorate of State Security (DSS) over which of the two agencies to prosecute the suspect.

At the resumption of the case Monday in Abuja, presiding judge, Justice Ademola Adeniyi, however dismissed the charges against the suspect because of the absence of the Inspector General of the Police and the prosecution counsel.

Ruling on the case at the court, Justice Ademola said: “This criminal charge is hereby struck out for want of diligent prosecution by the complainant, Inspector General of Police and his prosecutor.”

Justice Ademola also granted the oral application sought by Ogwuche’s counsel, Mr. Ahmed Raji (SAN), for family members to have access to the alleged bomber as the court ordered that three lawyers from Ahmed Raji’s chambers and two of Ogwuche’s family members be allowed access to the suspect who is being held by the DSS.

“Three lawyers from the complainant’s counsel as well as the complainant’s wife and another family member be given access to the applicant,” Justice Ademola ruled following the no objection submission by the DSS lawyer, Clifford Osagie and the counsel to the Attorney General of the Federation (AGF), Mr. Taiwo Abidogun.

He also ordered that Ogwuche be given medical care in the respondent’s custody and referred to the National Hospital, Abuja if need be.

He later adjourned the matter till December 5 for hearing of the originating motion exparte with the DSS now taking full charge of the prosecution.

Ogwuche’s counsel, Raji, in an application for the enforcement of his client’s fundamental human rights, had asked the court to admit Ogwuche to bail, alleging that the AGF and the DSS who are respondents in the matter, were breaching the fundamental rights of the applicant by holding him endlessly against the provision of the law.

Raji had based his argument on the fact that when a suspect is arrested by security agents, (the respondents), the suspect should be charged before a competent court within the time allowed by law and should be allowed access to his family and lawyers.

He argued that the applicant is presumed innocent and that his fundamental right to liberty should not be infringed upon.

In an affidavit in support of the application seen by THEWILL, Ogwuche’s lawyer averred that the suspect was only trying to further his education and did not know anything about the offences preferred against him, pleading with the court to release Ogwuche if nothing was found against him.

http://thewillnigeria.com/news/nigerias-suit-against-alleged-nyanya-bus-station-bomber-struck-out

abacus:
You expect him to kill or jail an 'innocent' man?

Look at yourself, can you stand being lied on?

Innocent man okay, hahahhaha

modhream:
Lackwit,was any tangible evidence presented at any point by the prosecutor,even circumstancial,to warrant continuing with the case?.Or u think the justiciary is same as ur dirty politics where the imaginings of the one with power is adduced sacred fact?.
My problem with Lickspittles such as u is that even when u are about getting lost,u keep smiling n bragging as if u know where u are.Cut the ostrich act out for once n admit the truth,this administration is beyond help.

We can keep it to one moniker, no need using more than one. Smarty pants like you, will be the first ones to cry. Let's keep enjoying his movie.

torkaka:
. . . . . . .Mr. Ostrich, get your head out of the sand and face reality, why didn't the government provide evidence? what information did government have in hand that made them proclaim him mastermind and why wasn't that information used as evidence? . . . . . . . . . . you lot always find a way to defend the "drunk" . . . . . . . . . .it is not the judiciary's fault, it is the executive who should be held responsible for want of evidence!!!

okay, because its the executive going to court. You people can keep pretending, we shall live to see, where it ends all of us.

How many defenders came before Justice Ademola in last 5 years, most still sitting in jail awaiting a court date. Yet Justice Ademola has not struck out the cases for want of diligent prosecution. Somehow, he has the temerity to dump this case within 4 months. A mass murderer, brought back to Nigeria, after he fled the country.

We joke with ourselves in this country, pretending to stand for something, when most of us truly stand for nothing. Only in Nigeria will a judge allow such a defendant walk, without hearing a single evidence about his crime. In such a high profile case.


At every level of government, this fake Nation will remain a joke.

For want of diligent prosecution

How many defenders came before Justice Ademola in last 5 years, most still sitting in jail awaiting a court date. Yet Justice Ademola has not struck out the cases for want of diligent prosecution. Somehow, he has the temerity to dump this case within 4 months. A mass murderer, brought back to Nigeria, after he fled the country.

We joke with ourselves in this country, pretending to stand for something, when most of us truly stand for nothing. Only in Nigeria will a judge allow such a defendant walk, without hearing a single evidence about his crime. In such a high profile case.


At every level of government, this fake Nation will remain a joke.

For want of diligent prosecution

The two count charge brought against Aminu Sadiq Ogwuche, the alleged mastermind of the the Nyanya bombing, has been struck out by a Federal High Court in Abuja .



The two count charge was struck out by Justice Adeniyi Ademola for want of diligent prosecution by the Inspector-General of Police and his prosecutors.

The suspect, who was in court, however was not discharged as he is been detained by the Department of State Security Service .

However, the hearing of his case for the enforcement of his fundamental human right has been adjourned to December 5

Ogwuche is asking the court to compel the Attorney-General of the Federation and the SSS to either charge him to court or set him free.

He contends that Section 35 of the 1999 Constitution is been violated by his continued detention since July 15 without trial.

However he was produced in court today in compliance with an earlier order of the court.

http://www.channelstv.com/2014/11/24/court-frees-alleged-nyanya-bombing-mastermind

pacesetter939:
Goodluck Ebele Jonathan has bastardized our judicial system. Some saTANs would up here in defense of the failed GEJ & Nigeria's Attorney General & Minister of Justice, Mohammed Adoke (SAN).

#GEJ&PGJmustGOin2015.

This is a Nigerian/ maybe not.