₦airaland Forum

lalasticlala:
https://www.nigerianmonitor.com/wp-content/uploads/2016/09/Adesina-and-Buhari.pnghttps://www.informationng.com/wp-content/uploads/2013/05/Yaradua_0506-290x195.jpg



http://www.nigerianmonitor.com/femi-adesina-admits-he-does-not-speak-directly-with-buharibuhari-news/

awesomesossy:
Story for our forefathers ......tomorrow they ll tell us of how dey Miraculously disappeared from d prison..... Mtsheww....

AbeG make i go check my dodo for fire b4 e burn because of dis yeye people.. ...

Jesusloveyou:
is the right of president to govern as he like for 4yrs
and is your right to change the govt after 4yrs under democracy.

goslowgoslow:
You don't. Know anything about economic.

Appswheel:
7 WAY TEST FOR 2BABA & FRIENDS PLANNED PROTEST
2Baba, the African Queen Crooner and one of Nigerians most successful artiste has announced a nationwide protest slated for February 6, 2017 tagged #IStandWithNigeria. The march is aimed at calling the attention of President Buhari’s change government to the untold sufferings plaguing the Citizenry. The planned protest is gaining traction with Hip hop artiste Olamide, Burna boy, TerryG and others throwing their weights behind the protest. Harmless and timely as this action seem, few questions needs to be answered before joining the march.

1.IS THERE A BETTER WAY TO PROTEST?
In a press statement released by 2Baba, he headlined the reasons for the protest under the following subjects: Education, Health, Transparency, Cost of Government, Power, Unemployment etc. These are fundamental problems plaguing the Nigerian nation. Would the protest solve these problems? An insightful and honest answer is a resounding “No”. Would the protesters present problem statements and march them with proposed solutions? Will government officials and agencies be called out to give explanations on specific issues; why certain problems exist, persist and not remedied? Is there a plan for a post protest pressure group using Information Technology as its vehicle?

Will 2Baba get artistes to boycott government organized events and influence them to sing meaningful and thoughtful songs reflecting the times and calling on all Nigerians – leaders and followers alike to contribute to the future of our nation by shunning corruption and patronizing made in Nigeria products?

2.IS THIS A WAY TO SURVIVE THE RECESSION?
Rumours have it that the planned rally has the blessings of top politicians of the All Progressive Congress (APC) Party extraction who have parted ways with the Buhari led government. If true, this may just be another ploy for our artiste to survive the economic recession.

With exception to 2Baba, which of Burna Boy, Olamide, TerryG and others have called government attention to the plight of the people through their songs? Will the protest not evolve into a musical show of sort; an avenue for musicians to shake off boredom and depression cast by the biting recession?

3.DO THE ORGANISERS HAVE THE BLESSINGS OF GOVERNOR AMBODE?
By law, Nigerians have the right to organize peaceful protests without obtaining police permit. However, it is advised that they seek and have the consent of the Governor, who is vested with the power to issue licence or permit for holding public meetings, assemblies and processions. Do 2Baba & Friends have the blessings of Governor Ambode and other state governors in states where the protests are scheduled to hold?

4.ARE YOU PREPARED TO DIE FOR WHAT YOU BELIEVE IN?
The Nigerian constitution recognizes the right of Nigerians to hold and stage peaceful protests. We must not be in a hurry to forget the Nigeria Police and authorities’ tact at turning a peaceful protest on its head through pronouncements of civil disobedience, unlawful arrest, trial and detention and killings attributed to accidental discharge. Don’t forget that a hungry Nigerian police is a wounded lion on the prowl. Should a stray bullet come in your direction, are you willing to take it in for patriotism sake?

To cite few examples among thousands; on 13th November 2016, ten people were reportedly killed by the Nigerian Police during clashes with members of the shiite Islamic Movement in Nigeria (IMN), during a religious procession near the northern city of Kano.

“On 22nd November [2016], a coalition of civil society organisations protested to demonstrate their dissatisfaction with the retrospective approval of 100 million Naira (about 300,000 dollars) worth of housing pensions for former Edo State governor Adams Oshiomhole and his deputy Dr. Pius Odubu. Violence occurred when a group of pro-government supporters attacked the demonstration, leading to the injury of 10 protesters” – monitor.civilus.org

5.IS THERE A PROTESTERS REGISTER?
If www.ekocitymagazine.com is to organize a protest against the present government, we would open an online portal for intending protesters to submit their names, qualification, address and their reason(s) for supporting the protest. The register will serve to ensure the safety of all intending protesters and to ensure that only people with good intentions turn out for the event. It will also serve as a trap for thugs who intend to cash on the protest for evil and negative intents.

6.ARE YOU PREPARED TO ENGAGE THUGS?
During the 2012 Oil price hike protest under the Goodluck Jonathan administration, a protester shared his experience at Freedom Park where he was harassed by street urchins; he was saved by the ten thousand Naira notes he had on him. He flung it in the air to distract them and fled when they scrambled to pick the notes. In this biting recession, are you willing to part with your hard earned money and risk being mishandled by thugs and criminals?

Olamide, Burna boy and TerryG who are strong supporters of the protest have a history of attracting thugs to their concerts; the planned protest will not be different. In December 2016, at a concert held at the Eagles Club, Adeniran Ogunsanya Lagos, Olamide’s performance was underlined with broken bottles and flying fists. His presence will no doubt attract ‘street boys’.

7.WHAT ARE YOU CONTRIBUTING TO NIGERIA’S DEVELOPMENT?
Charity begins at home. Before you march bearing placards, chanting songs and pointing accusing fingers, search your conscience and answer these questions, “Do I contribute to a prosperous Nigeria? Do I consciously go out of my way to patronize made in Nigeria goods and services? Do I make a living by being transparent, accountable and hardworking? If you answered Yes to these questions keep up the good and commendable work, otherwise, go and make penance, turn a new leaf and become a “born again” citizen.

A protest of this magnitude and intention will better be staged at Abuja, the Federal Capital Territory of Nigeria. You will agree that the Lagos State government under the leadership of Governor Ambode is delivering the dividends of Democracy. Lagos State is not the best location to stage a protest against a non-performing government given that the action will hamper economic activities.

As concerned Nigerians who are at the receiving end of President Buhari’s ineffectual leadership, we would only support a well-planned protest, one bearing problem statements, proffering realistic and actionable solutions and creates a follow up pressure group employing ICT solutions.

We are not convinced that 2Baba and friends have this level of organization in place.

Did 2Baba and friends pass the 7 Way test? We look forward to reading your comments and thoughts.

Source: http://ekocitymagazine.com/blog/2017/02/02/7-way-test-2baba-friends-planned-protest

PHILipu1:
.

2019 is not far and we shall see if Buhari deceived people.
Buhari will still win with a landslide victory come 2019.

If not for Buhari,many Nigerians would have been eating grass and sand by now.

0b10010011:
Growing up entails so many things beyond attaining puberty or having height. It's more of a thing of the brain. Yes! People re complaining, have u been able to ask how and why people re complaining? Have u done indebt studies to know why we re where we re and proffer solutions? Likes of you re only good at apportioning blames. You neither know about the root or cause of the economic downturn but at best, could share blames

Do more financial indebt studies to know why Nigeria is where it is. For your information, we re not the only oil producing country that this down turn has hit. If a mighty Saudi Arabia could be hit, how much more Nigeria..

We just failed to plan

Jesusloveyou:
if people are tired of this administration, we should show the displeasure thru vote in 2019, by then we wil know,if people want continuation of corruption of the past or not.

0b10010011:
And PDP had the best government in the whole world

OlaMiki:
let these fools knw our buhari is not the source and cause of our present problem , GEJ and co dollars looters causes $1=N500.00 Buhari does not print Dollars

durubrian:
A new trend have began, #iStandWithBuhari.. The group is also protesting against 2face and all those against Buhari's government.

https://www.facebook.com/istandwithbuhari/photos/pb.986384794781764.-2207520000.1485965738./1345527828867457/?type=3&theater

What do you think?


E be like say dem go share money for these
#iStandWithBuhari oooooo... No be to join now? LoL

pmc01:
Lies!

He probably arrived at the checkpoint and stubbornly refused to lower the volume of his set. Media Propaganda is too commonplace in this country.

Birniwa:
You didn't use Narrative Styling when quoting the goof made. It should have been in double quotations just after your "what is".

I'm quite sure yours too was a female.

progress69:
U have no point!

Bashyours546:
ARE YOU OKAY
IS IT PMB THAT SUE HIS ASS
IF YOUR NEIGHBOR NAMED HIS MONKEY YOUR FATHERS NAME JUST TO PROOF HOW STUPID HE IS
I THINK YOU WILL HAPPILY CELEBRATE HIS BIRTHDAY AS WELL
THINK BEFORE YOU TYPE

mjlbabajide:
Kindly note that i am a member if that thread. Nobody ever mentioned school ranking there.

Lemme educate you based on my experience. My friend from OAU and i, appliied for assessment with Vetassess.

We both studied 4year geology course, i did in my study at University of Maiduguri.. going by our transcripts i offered more course work than him with more industrial attachments.

He got positive assessment for education while mine was a negative assessment, sighting that mine was not equivalent to an australian degree.

I quickly followed up with them, with my friends case. Then i received a long mail from them telling me that they have a ranking system in place for Nigerian Universities and in order to be positively assessed from University of Maiduguri, i have to come up with a 5years degree. That is they only grant positive assessment for 4years course from just a few select institution.

So OGA i know what am talking about. This might help someone. This was late 2015. If i had gone through school route jeje, i would be rounding up now, even then. Dollar was cheap, you need to know that there is nothing as dangerous as delay.

Mind you i am not a fountain of knowledge i am only sharing experience not hear say.

I payed 800AUD for that assessment. So please let us be objective and educate people well, b4 you go waste months and money to obtain a negative assessment at the end of the day.

I will try login in into vetassess and provide you their response.

That is my 3 cowries

olawonder:
I think u should just state price and documentation available for d property, much anticipated than what u intend to do with d money or how many properties ur hv in d family. No offence

ayobamiakinrind:
This building is located around Ojoo-Arulogun Rd, Ibadan.

kITATITA:
The people I see in these pictures don't seem to understand economic policies in a recession. We all share the pains of the recession but I would ask, why are we in recession and how do we get out of it. If I don't know better than the economic management team, I will support them and let them work. If you must muster in front of CBN, what alternative solution do you have better than the CBN approach.

opeyemiieblog:
A couple are currently being shamed on social media for rocking customized shirts with wrong grammatical expressions.

The shirt designer used the non-existent word ‘stoled’ in place of the word ‘stole’.

On the shirt of the man carried the inscription ‘I stoled your heart’ while that of the lady had ‘I stoled your surname’.

Social media commenters wonder how the mistake eluded the couple, photographer, on-lookers and even friends and family members close to them.

Source ::: http://www.praizeblog.com/2017/01/i-stoled-your-heart-i-stoled-your.html?m=0

michaelandre:
in three years
Why do u choose to be blind even when u have eyes
5k to 1million Nigerians
Buhari has made Nigerians look inwards by, rice production e.t.c
Npower program e.t.c

Franksuccess:
Do the 2 years programme. That fits in for post study. Wt out stories

guadete:
Not yet am still in Naija oooo but the way this thread keep saying that age care is not longer allowed for international student dey fear me......moreover I added the age care due to the fact that I cant find a a diploma in nursing program above 1.5 years

thanks

IHNA has diploma which is 2 years. Check www.ihna.edu.au

fastest007:

https://www.youtube.com/watch?v=HE_vJ_NMwjQ

Source: http://www.somtoo.com/2016/12/video-soldiers-fight-for-food-as-relief.html

UnknownT:
They always have an excuse for any news


The Board of Inquiry actually showed that, as at the time of the incident, the unit’s water tanker still contained water, but a soldier mischievously concealed it. That soldier was charged and punished accordingly Lol..,..... How one person go take hide water tanker?

Ngokafor:
...If this is the rice Obiano gave civil servants then viviangist is a full bliwn clown...a full bag of rice is 50kg,half bag is 25kg which is exactly what i am seeing...


...How did 10kg come into the equation? ...Propangandist should kindly do their home-work well before hitting the streets like lunatics.

...Ps:some States are yet to pay their Civil Servants December salaries how much more giving them rice..meanwhile some folks from such failed state would still surface on this thread to shine their gworo teeth at Obiano while their civil servats languishes in penury and hunger this yuletide...You know yourselves.

dipoolowoo:
**Affirms Country’s B1 Rating With Stable Outlook

By Modupe Gbadeyanka

Moody's Investors Service on Friday affirmed the B1 long-term issuer rating of the government of Nigeria with a stable outlook just as it forecasts that real GDP growth will rise to 2.5 percent in 2017 and accelerate further in 2018 to 4 percent.

The global rating firm disclosed that the key drivers for these were the medium term growth prospects remain robust despite the current challenging environment, with the rebound in oil production helping to rebalance the economy over the next two years; and the government's balance sheet, which it said remains strong relative to its peers, resilient to the contractionary environment and temporarily elevated interest payments while the authorities pursue their efforts to grow non-oil taxes.

The long-term local-currency bond and deposit ceilings remain unchanged at Ba1. The long-term foreign-currency bond and deposit ceilings remain unchanged at Ba3 and B2, respectively.

Moody's said it expects Nigeria's medium term growth to remain robust, driven by the recovery in oil output and also over the near term, it expects Nigeria's economic growth and US dollar earnings to improve in 2017, supported by a recovery in oil production.

According to Moody’s, after an estimated -1.5 percent real GDP growth in 2016, it forecasts real GDP growth to rise to 2.5% in 2017 and accelerate further in 2018 to 4%. A rebound in oil production to two million barrels per day (mbpd) will, if sustained, enhance economic growth and support the US dollar supply in the economy.

It noted that Nigeria has made significant gains in terms of governance and transparency in the oil sector. Improved availability of data, progress in restructuring the Nigerian National Petroleum Company (NNPC), rising effectiveness of operations at the refineries and a readiness to tackle difficult issues with partners (such as funding issues at the Joint Ventures) speak to a material improvement in the operating environment. The Petroleum Investment Bill (PIB bill), which had been blocked for 8 years in parliament, has been reactivated with a portion of the law drafted and passed by the Senate. Moreover, militant activity in the Niger Delta is set to wane following the resumption of payments from the government, though it will remain a threat to the recovery of the economy.

Moody’s further said the economy is also likely to benefit from the more timely implementation of the 2017 budget than its predecessor and in particular from the increase in capital spending on infrastructure which that will allow.

It also said the scarcity of Dollars, worsened by the soft capital controls imposed by the Central Bank of Nigeria (CBN), is likely to continue to negatively affect important sectors of the economy especially in services and manufacturing sectors.

“We do not expect the current policy mix to significantly change over the short term but a gradual easing of restrictions is possible as foreign currency receipts improve with rising oil production,” the firm said on Friday in a statement obtained by Business Post.

In 2017 and 2018, we expect Nigeria's balance of payments to move back into surplus, supported by government external borrowings and a falling current account deficit. The latter is quickly reducing, supported by falling imports and increased oil production.

Depreciation of the naira, soft capital controls and current dollar scarcity have been relatively effective at constraining imports. We expect foreign exchange reserves to grow modestly in 2017. While improved foreign investor sentiment should support the rebalancing of the economy over the medium term, with the return of portfolio investors improving dollar liquidity in the country, the continued existence of a parallel, unofficial foreign exchange market is likely to act as a strong deterrent over the near term.

RESILIENT GOVERNMENT BALANCE SHEET STRONGER THAN PEERS' DESPITE TURBULENCE

Moody's says it expects the medium-term impact of the oil price shock on Nigeria's government balance sheet to be contained, and recent erosion of debt affordability to be reversed.

The effect of the recent downturn on the government's budget sheet has been contained as the authorities have been able to offset the shortfall in revenue with large cuts in capital expenditure. As a result, Moody's forecasts a budget deficit of 3 percent of GDP in 2016, comprised of a 2 percent of GDP federal government budget deficit and around 1% of arrears split between federal, state and municipality levels of government, it explained.

Moody's forecasts the federal government deficit to remain around 2% of GDP in 2017 and 2018, with large capital expenditure outlays resuming as the government's cash flow situation improves. Based on these underlying projections, Nigeria's balance sheet will continue to compare favourably with peers', with government debt remaining well below 20% of GDP over the coming years against 55% median for B1-rated peers.

By end-2016, Moody's estimates the government debt stock will be comprised of 85% domestic borrowing and 15% external debt, resulting in a manageable external debt profile. Government external debt amounts to just 2.9% of GDP, with interest payments set to remain low, at around $330 million dollars per annum. Domestic debt has increased significantly in recent years, reaching its current level of NGN10 trillion. Around 30% of this debt is comprised of costly T-bills, which have increased refinancing risk and interest rate exposure. However, Moody's expects the ratio of interest payments to government revenues to peak at 20% for general government, and close to 40% of revenues for federal government in 2017.

Although debt service costs are high, Nigeria's domestic capital market is sufficiently developed to accommodate the yearly public sector borrowing requirements of around NGN5.5 trillion. This is another positive credit feature that distinguishes Nigeria from many similarly rated peers. The country's banking sector is well-capitalised and liquid and the national pension fund still has additional capacity. Should banking sector liquidity decline, the Central Bank of Nigeria has tools at its disposal to support appetite for government securities, including lowering the cash reserve requirement ratio from its presently high level of 22.5%. However, appetite for government securities remains strong, with all instruments remain oversubscribed.

Moody's expects the recent increase in debt service costs to prove temporary, as a result of i) the government' initiatives to expand the non-oil revenue base, and ii) efforts to improve the structure of government debt.

Measures by the Federal Revenue Inland Service are expected to increase non-oil revenue to around NGN4 trillion in 2016 from NGN2.5 trillion in 2015. These include a tax amnesty on penalties and interest on tax liabilities due in 2013, 2014 and 2015. However, not all the initiatives have proven successful: the independent re-appropriation of revenues from the ministries departments and agencies (MDAs) has yielded disappointing results so far. Such outcomes highlight the considerable execution risks inherent in the transition to a less oil-dependent federal budget, and the implications for the government balance sheet should it not meet its objectives.

The government's medium-term debt strategy should also help to lower the interest burden. The debt strategy is geared towards exchanging costly short-term debt with long-term concessional borrowing. Although a portion of future external borrowings are expected to be raised through the Eurobond markets, this is likely to be complemented with ongoing support from other multilateral institutions including the African Development Bank and the World Bank. The combined effect of these measures should help to bring interest payments/general government revenues down to 16.8% by 2018, from an estimated 19.8% in 2016.

RATIONALE FOR THE OUTLOOK AT STABLE

The stable outlook is driven by Moody's view that the downside risks posed by the weakening of the country's fiscal strength, and the external and economic pressures anticipated this year and next, are balanced by Nigeria's strengths, which exceed those of sovereigns rated below B1. In 2016, Nigeria's external vulnerability indicator of 31% will remain far below the expected B1 median of 51%, while its debt-to-GDP of 16.6% will remain far below the expected B1 median of 55%. Set against that, its expected debt servicing burden in terms of interest payments to revenue of 19% is more than double the B1 median of 9%. To a large extent, Moody's believes that this reflects Nigeria's underdeveloped public sector revenue base, a credit weakness that the administration is attempting to address.

WHAT COULD CHANGE THE RATING UP

Positive pressure on Nigeria's issuer rating will be exerted upon: 1) successful implementation of structural reforms by the Buhari administration, in particular with respect to public resource management and the broadening of the revenue base; 2) strong improvement in institutional strength with respect to corruption, government effectiveness, and the rule of law; 3) the rebuilding of large financial buffers sufficient to shelter the economy against a prolonged period of oil price and production volatility.

WHAT COULD CHANGE THE RATING DOWN

Nigeria's B1 issuer rating could be downgraded in the event of 1) a greater-than-anticipated deterioration in the government's balance sheet or continued erosion of debt affordability, for example resulting from the failure to implement revenue reform; and 2) lower than expected medium term growth, for example as a result of delays in implementing key structural reforms, especially in the oil sector, or continued militancy in the Niger Delta, which undermine the level of oil production over the medium-term.

GDP per capita (PPP basis, US$): 6,184 (2015 Actual) (also known as Per Capita Income)

Real GDP growth (% change): -1.5% (2016 Estimate) (also known as GDP Growth)

Inflation Rate (CPI, % change Dec/Dec): 19% (2016 Estimate)

Gen. Gov. Financial Balance/GDP: -2.9% (2016 Estimate) (also known as Fiscal Balance)

Current Account Balance/GDP: -0.6% (2016 Estimate) (also known as External Balance)

External debt/GDP: 4.2% (2016 Estimate)

Level of economic development: Low level of economic resilience

Default history: No default events (on bonds or loans) have been recorded since 1983.

On 7 December 2016, a rating committee was called to discuss the ratings of the Government of Nigeria. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, have not materially changed. The issuer's fiscal or financial strength, including its debt profile, has not materially changed. The issuer's susceptibility to event risks has not materially changed. Other views raised included: the issuer's institutional strength/framework, have not materially changed. The issuer's governance and/or management, have not materially changed.

The principal methodology used in these ratings was Sovereign Bond Ratings published in December 2015. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

The weighting of all rating factors is described in the methodology used in this credit rating action, if applicable.

http://www.businesspost.ng/2016/12/11/nigeria-moodys-predicts-2-5-gdp-growth-2017-4-2018/