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Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 5:14pm On Mar 28, 2020

sulaak:
Beg, steal or pay, Baba Iyabo, cleared Nigeria external debt. GEJ and Buhari have spent the last 10 years building up that debt to an unsustainable level.

The 2nd Niger bridge, road systems don't amount to the $35 billion debt that Buhari has accrued in less than 4 years in government. Even the corrupt PDP took 16 years to build up a $63 billion debt and the majority of PDP debt is in Naira or internal debt, that can easily be repaid with local tax and internal revenue.

Lagos to Ibadan rail and the Airport expansion are projects and loans that proceeds Buhari government. In terms of capital project, Buhari hasn't done much, instead, he continues to waste resources on oil refineries the are not refining oil and Ajaokuta steel plant that is not producing steel.

$35 Billion debt in 4 years from the sky abi? Keep posting false narratives just to satisfy your false ideology.
No matter facts given to you, you will won't the facts cos you're already blinded by your own false sense of history.

Just listen to you, 2nd Niger bridge preceded Buhari, yeah the bridge was built by Jona, we just couldn't see it because it was covered with terpolin.

Politics › Re: With Buhari Absent From Frontline, Governors Exercise Presidential Powers - PT by Ayoefa: 4:57pm On Mar 28, 2020

festacman:
It has been stated clearly that while Federal Government would take necessary actions including fully backing NCDC to do its work, it would collaborate strategically with State Governments and actively support their efforts to fight COVID-19.

Why too much fuss about protocol when danger lurks around the corner.

That's the problem with black brains, they are always preoccupied with mundane issues while they leave the real problems to fester.
This is a federal system anyway whereby these states Governors have the authority to take measures to protect their states. Buhari is concerned National borders and national security.

8 Likes 3 Shares

Politics › Re: Video As Buhari Receives Briefing On Coronavirus From Health Minister & DG NCDC by Ayoefa: 3:21pm On Mar 28, 2020

HornyTave:
Examples of the president that lied and the lies that were lied.

If you are asking me that question, that tells me that you have been living on Mars or in a hole in the ground somewhere for more than a week now. Ask your fellow Martians may be they had a radio while in quarantine on Mars.

Politics › Re: Video As Buhari Receives Briefing On Coronavirus From Health Minister & DG NCDC by Ayoefa: 3:17pm On Mar 28, 2020

[[s]quote author=Nbote post=87849939]

Are U not ashamed huh

Every single President of every country affected by dis crisis so far are d ones giving live updates and real time updates of what is happening in their countries but here u are celebrating dat ur President is receiving updates?? Every President and Head of Government have come out to give the ppl updates on what d government is doing, plans they are putting in place and actions dey are taking atleast to calm d nerves of d populace. Are U normal huh

Every other state governor in dis country and Head of state of every other country have all come out to give their personal updates, what is stopping d robot in Aso rock huh

Serious ehn it is ppl like U dat makes it hard for dis country to get things right..[/quote][/s]

Must every president of every country get in front of microphone and lie to their citizens like TRAMP on daily basis. Better you leave the speeches and instructions to the health experts.

Politics › Re: Video As Buhari Receives Briefing On Coronavirus From Health Minister & DG NCDC by Ayoefa: 3:14pm On Mar 28, 2020

Children of hate in pain. Their mental tormentors is alive and kicking. Bunch of delusional retarded brainwashed ipob Biafuro monkeys.

4 Likes 1 Share

Politics › Re: Buhari Receives Briefing From Osagie Ehanire And Chikwe Ihekweazu by Ayoefa: 2:31pm On Mar 28, 2020

Severe pain for children of hate.

2 Likes 1 Share

Politics › Re: House Of Representative Buying Of Cars During CODVIC-19 Outbreak Causes Outrage by Ayoefa: 12:31pm On Mar 28, 2020

Homeboiy:
I'm dying here

Business closed ,just indoors doing nothing

No daily incomes

Zainab Ahmed, the minister of finance, budget and national planning, says the federal government is considering giving out stipends to people whose jobs have been affected by the coronavirus outbreak.

Ahmed was speaking on Politics Today, a programme on Channels TV.

“We have a number of fiscal incentives that we have thought through and designed but we have to do a couple of engagements before we announce them because of our fragile fiscal situation,” she said.

“We don’t want to rush and make announcements of tax cuts or tax holidays without looking at the full picture of how it affects the federal government, states and how it affects businesses.

“The government is looking at the possibility of giving out stipends, increasing the stipends that it giving out to the category of Nigerians that are classified as poor and vulnerable.

“Also, we are looking at the category of citizens that have been affected by the nature of their jobs by this pandemic. For example, airports are closed so people who run taxi services at the airport will be at home with nothing to do. So we have to carefully identify the groups that will get these interventions. We are also not forgetting businesses.”

She said the government is still trying to determine the method of disbursing the funds and ensuring maximum impact given Nigeria’s large population.

However, the minister said the economy would enter a recession if the health crisis lasts up to six months.

“Are we broke, no we are not broke. Are we buoyant, we are not buoyant as well. We have resources to manage and we have been able to find new sources of funds to realise very quickly to keep the country stable,” she said.

“Fact is, we are going to struggle in terms of revenue. The federal and state government will be frantically looking for alternative sources of funding in the form of budget support.

“We are hopeful that this pandemic will be limited in time. If it is an average of three months, we should be able to close the year with positive growth. If it goes longer than that, six months, one year, we will go into a recession.”

She said the federal government is already talking with lenders to renegotiate repayment terms and “seek a stay of the debt service to preserve some of the revenue”.

Nigeria’s revenue has taken a hit after crude oil, its major source of income, witnessed a sharp price decline.

Politics › Re: House Of Representative Buying Of Cars During CODVIC-19 Outbreak Causes Outrage by Ayoefa: 12:22pm On Mar 28, 2020

They should return the cars for refund.

1 Like

Politics › Re: Governor Akeredolu Visits Akure Explosion Site, Gives Report Of Event (photos) by Ayoefa: 12:11pm On Mar 28, 2020

The people deserve better explanation than this.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 11:58am On Mar 28, 2020

sulaak:
I am not here to defend PDP fake numbers, but GEJ was a failure and deserved to be replaced with someone that is more competent than Buhari.

From 1999 to 2007 the average oil prices under OBJ - At the end of OBJ tenure, he cleared the external debt, increase foreign reserve to $68 billion and excess crude to $36 billion.

1999:$17.44
2000 :$27.60
2001 :$21.32
2002: $24.32
2003: $28.1
2004: $36.05
2005:$50:59
2006:$61:00
2007:$69:04

Buhari average oil prices earning from 2015 to present,

2015:$44.49
2016:$40:76
2017:$52.51
2018:$69:78
2019: $64:05
2020:65.09 until March when it fell to $32.00

https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

I'm glad you agreed that Jona was a complete failure. Buhari has't performed any magic either.
Baba Iyabo did not clear our debt by paying for it, he cleared it by begging our debtors to forgive a huge chunk of the loans. So it's not like he was paying for it with income from oil.

Looking at the figures above even a novice can see the economy improving as the price of crude oil increased. Not only that, this govt has embarked on major capital projects that other govts have left to decay for generations such as rail system, 2nd Niger bridge, road systems, Lagos MMA airports expansion and many others.

Look, if oil is selling for 100 dollars, you can have a monkey as the President and all will be ok. With oil selling for 28 dollars as it sold for when Buhari first came in, even an Harvard Economic PHD can only do so much especially considering what he met on ground.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 11:26am On Mar 28, 2020

[quote author=Lostz post=87844281]what you call useless fake PDP figures are verifiable facts copied from our annual GDP from 1960 to 2019.

I don't do ranting and tantrums you guys normally throw. I give you facts and figures to back my claim.

do you even know what a capital project is?[/quote

Oh no I don't. May be taking half of govt senior staff on a jamboree to Jerusalem will qualify as one. Go ask and Jona, may be he can help you out.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 10:45am On Mar 28, 2020

Lostz:
the economy was at one of the worst point when obasanjo came in.
a GDP of about $210b dollar has reduced to $57b in 1999. obasanjo was able to bring a GDP of just $57b in 1999 with low oil price to $262b in 2007 before leaving.

Gej was able to take the GDP to more than $568b...it highest point ever.....with record earnings from the agricultural and services sectors.

Gej left fund in the excess crude account (ECA) and the sovereign wealth funds(SWF).
buhari came in and squandered them on bailout for state governors who were lead by Ameachi in opposing Gej attempt to save for the rainy days.

PDP government took the economy from a GDP of just $57b to a record 568b...... buhari has reduced it to $447b.

Pls stop qouting these useless FAKE PDP figures. Record earnings from Agric and other services yet right before Jona left, there were fuel lines everywhere, States where not able to pay monthly salaries. I beg sell these fake figures at the next PDP convention not to those with common sense.

Highest income were under Jona, pls point to the capital investments that took place under him....just tell us the capital projects...Not the stealing is not corruption ones ..I beg.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 9:47am On Mar 28, 2020

Lostz:
oil sold for an average price of $16.56 in 1999,$27.39 in 2000, lower than $24 from 2001 to 2004.

Venezuela slide into recession due to the failed economy policies of Maduro, Maduro socialist agenda (like buhari and his agenda) and the US sanctions which freeze most of Venezuela assets, restricting their access to international market.

Angola recession was not only because of falling oil price but because of unnecessary debts.....just like the over $20b unnecessary debt approved by the Nigerian Senate recently...... they have to honor.

the incompetence of buhari drove us into recession. imagine waiting for close to a year before appointing individuals to head various ministries

1999 $16.56 $25.58
2000 $27.39 $41.02
2001 $23.00 $33.52
2002 $22.81 $32.69
2003 $27.69 $38.84
2004 $37.66 $51.39
2005 $50.04 $66.04
2006 $58.30 $74.59
2007 $64.20 $79.73
2008 $91.48 $109.25
2009 $53.48 $64.19
2010 $71.21 $84.24
2011 $87.04 $99.83
2012 $86.46 $97.17
2013 $91.17 $100.95
2014 $85.60 $93.24
2015 $41.85 $45.55
2016 $36.34 $39.02
2017 $46.27 $43.97
2018 $59.34 $57.77
2019 $50.46 $50.01

Just look up and see the facts -

Yes oil sold for about 17 dollars in 1999 when Baba Iyabo came in, the economy was not in a bad shape when he came in plus the prices went up and up from there. The price of 1999 alone cannot determine the economy for the many years that follows. The prices went up and up especially under Jona.
More importantly, the more the prices went up the more the govt was spending/wasting /stealing hence when it finally crashed in 2015 from $85 to about $36 the govt expenditure was already out pacing income therefore the reason why States were unable to pay salaries..
If Jona and Baba Iyabo had saved substantially and invested in a diversified economy, it would have been easier in 2015 to 2016 to absorb the shock of the crude oil price crash. The money made between 2000 and 2015 is the highest that the country has ever made from oil yet there were no major savings, investments in infrastructure and other capital expenditures. All the major capital expenditures that this govt is now embarking on should have been embarked on while oil was selling for a premium. Oil sold for more than 100 DOLLARS under Jona, pls tell me where are the capital investments to justify such incomes.
Point of fact - when Buhari came in in 2015 there were already fuel lines and States were already struggling to pay salaries.

Nigeria's income went from $86 to $36 dollars over night and you don't expect a recession? Try living on an income of $36,000 down from $86,000 and tell me you will not have serious changes n your life style.

2 Likes

Travel › Re: Coronavirus: US To Evacuate Citizens From Nigeria by Ayoefa: 8:42am On Mar 28, 2020

Ain't going nowhere.

Going from frying pan to fire. Much safer to be in Nigeria right now than in the US.

I told my friend who's considering this flight back to the US that he might even catch the danm virus while going through this evacuation.

21 Likes 1 Share

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 8:41am On Mar 28, 2020

[s]

RapistOnBail:
Hey dummy! Kindly tell us how your president took us out of recession.

You ignorant swines think you know World Economics? Fools!

[/s]

Even if I put the facts on your nose, you wouldn't see it because you simply lack the capacity/intelligence to understand simple world economics. Not going to waste my time. Just STFU and GET LOST.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 8:36am On Mar 28, 2020

Lostz:
oil sold for less during the obasanjo era but we did not slide into recession.

it was buhari incompetence that took us into recession in the first place. we may have left recession officially but the impart is still being felt in the street. prices are still at all time high.

there are nations who depend on only oil but did not slide into recession during the so-called low oil price

I'm not in thre mood for economic lecture this morning but having said that, I can tell you that oil did not sell for less under Baba Iyabo. Secondly the only countries that did not go into real recession due to the oil price crash are Gulf countries that had substantial savings and had invested seriously when the boom was on.
Countries that you can compare to Nigeria are Venezuela and Angola who had mismanaged their income during the boom and who rely on oil as much as Nigeria. Venezuela is still in recession so bad that even if you have money, you can find food to buy at the super market. Even the oil crash forced many oil companies to close and businesses shut in Oklahoma and other US oil producing States. Oklahoma went from enjoying unprecedented boom to almost ghost town over night.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 8:26am On Mar 28, 2020

RapistOnBail:
Go fvck yourself. Illiterate

That's how you fvck ya mother han.
Fvcking retard.

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 8:06am On Mar 28, 2020

Lostz:
wait till other countries recover from recession in months after this while you battle your own forever till it becomes the norm

Yeah right, tell that to the uninformed. Buhari and his team took this country out of recession when oil was selling for peanuts. Most of you don't understand world economics, all you understand is that if salaries are not paid it must be Buhari's fault. Stick to the simplistic view and leave the complex for those of us with capacity to see things from a wider angle.

1 Like

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 8:00am On Mar 28, 2020

cenaman:
IPOB will blame Buhari for it.

It's not their fault, their brains have a limited capacity to see beyond Buhari. Thanks to Namdiot coward Cownu and radio Biafuro.

1 Like

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 7:58am On Mar 28, 2020

Ustec:
As usual, Second position and imam of conflicts will blame Buhari for Nigeria's economy recession

Bloody foools.

1 Like

Business › Re: IMF: Global Economy In Recession Worse Than 2009 by Ayoefa: 7:57am On Mar 28, 2020

Davash222:
Hope your mcm buhari and his resident saints are doing something at least to curtail the forseen recession.

No, just blame the whole world recession on Buhari as usual.

4 Likes

Politics › Re: Criticize President Buhari: Don't Insult Him by Ayoefa: 7:53am On Mar 28, 2020

Wishing someone dead when you might even die before them is the height of stupidity. Tells you the kinds of retards that are prevalent on NL.

1 Like

Politics › Re: Coronavirus: Obasanjo Donates Former Hilltop Residence For Isolation Centre by Ayoefa: 11:20pm On Mar 27, 2020

[[s]quote author=agulion post=87830223]Nice one Mr Obasanju, if not for some bad Yoruba Muslims, the south west could have been a better place[/quote][/s]

Retarded brainwashed ipob crazytian Biafuro monkeys are giving Igbos bad name.

1 Like

Health › Re: Coronavirus: U.S Overtakes China, Italy With 84,400 Confirmed Cases, 1093 Deaths by Ayoefa: 11:14pm On Mar 27, 2020

Bobbyfreshh:
Oya compare the numbers of people tested in Italy,Spain,UK,Germany, France and that to the USA

Talking about zombies I guess you're surely talking to the man in the mirror

Italy and Spain have done way more tests than the US. The US is just retching up the testing systems. Most are still unable to get tested in the US.

It's all a HOAX anyway according to the dear leader Dotard TRAMP .

I'm not a bit worried anyway cos according to TRAMP it will all go away very soon, it will all disappear just beautifully and biggly. Lmao.

7 Likes 2 Shares

Health › Re: Coronavirus: U.S Overtakes China, Italy With 84,400 Confirmed Cases, 1093 Deaths by Ayoefa: 10:57pm On Mar 27, 2020

Bobbyfreshh:
1)the USA has tested more patients than any other country

2)the communist regime of China has far more cases and deaths than the figures released my the state controlled media

3)take a break and think about our own problems .....and the whereabouts of your president

Stop posting trash for your fellow gullible zombies.
Even most people can't get tested in the US as of today.
Even celebrities can't get tested not to talk of ordinary Americans. I have a friend in Detroit who went to Henry ford hospital twice with symptoms and was sent home without a test.

South Korea has been testing more than 100k per days for weeks before US even started testing.

12 Likes 2 Shares

Politics › Re: Adigun Ibadan Sacked By Seyi Makinde For Posting False Information by Ayoefa: 10:46pm On Mar 27, 2020

[[s]quote author=Racoon post=87829925]This is what is called responsible leadership and not what the APC government have bequeathed to this nation wherein the government esp.presidential media aides like the legendary Lai Mohammed, Lauretta Onochie, Garba Shehu, Femi Adeshina, Bashir Ahmed have endlessly and shamelessly lied to us thereby embarrassing this nation.

They daily insult the sensibility of Nigerian without any of them being fired simply because the govt was formed based on lies & propaganda.Any deputy that misbehave, you kick his sorry ass.Seyi Makinde is revolutionizing leadership.[/quote][/s]

Senseless demented trash.

Politics › Re: Adigun Ibadan Sacked By Seyi Makinde For Posting False Information by Ayoefa: 10:44pm On Mar 27, 2020

Fake Governor and Assistant.

Health › Re: Coronavirus: U.S Overtakes China, Italy With 84,400 Confirmed Cases, 1093 Deaths by Ayoefa: 10:39pm On Mar 27, 2020

januzaj:
That's because they have tested more people than other countries.
People are talking without taking this fact into consideration. Let other countries test as many people as USA and let's compare the number of confirmed cases.
Most confirmed cases but number-six in the world for most deaths behind Italy,Iran and Spain with lesser confirmed cases. This should tell you something.

Trash

Has US tested as much as China or even South Korea. Stop posting trash.

Trump said it's all a HOAX. It will all disappear in couple of days.

11 Likes 2 Shares

Health › Re: Coronavirus: U.S Overtakes China, Italy With 84,400 Confirmed Cases, 1093 Deaths by Ayoefa: 10:11pm On Mar 27, 2020*

Tramp is sure doing a good job.

It's all a HOAX according to the dotard slowpoke orangutan.

It will go from 15 to zero in a matter of days - lying SOB dotard TRAMP.

48 Likes 6 Shares

Business › Re: Coronavirus: Abdulsamad Rabiu Redeems ₦1 Billion Pledge To CBN by Ayoefa: 9:16pm On Mar 27, 2020

[[s]quote author=NaijaMutant post=87829294] Rabiu for president 2023

May God bless you more than Dangote

But, where is the clueless, dumb Buhari

Like for Rabiu

Share for Buhari [/quote][/s]

Celebrities › Re: Covid-19: Davido's Baby Mama, Chioma Tests Positive by Ayoefa: 9:14pm On Mar 27, 2020

[s]

mrkings84:
Only Jesus came safe!

[/s]

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