₦airaland Forum

Amaechi, the true son of Niger Delta unlike some clueless who couldn't make ordinary water run in our taps for 5 years.

safiya do you like books or e-books? can you bring a young girl to come stay with u even if temporarily as long as she doesn't stay in way when maigida wants to....?
look at any Quran verse or Hadith that banishes fear and read every night , pray briefly and submit yr life to the trust of the Almighty Allah who gave you in the first place, before you climb bed. If it His will to allow something carry you after praying to him ,what can you do? Just trust Him and tell your mind it is okay since Allah and His angels are on guard. Salam.

Billyonaire:
Woman! Why not face your phobia instead of trying to push the blame to your husband ? Dont you know your phobia is even making the man emotionally distraught ? common, stop all these blames and fix your life.

u finally broke my heart. I tot with yr seeming knowledge, you would have helped the poor woman. don't we all have 1 ailment or the other? why do we have others as our doctors,guardian or teacher?

joe120120:
what of Amechi loot that was use to sponsor. APC.,?were is it?

if you get evidence why not show us?

Incrizz:
Babacele another very good one from Buhari
I did forget, Fashola is one thing Buhari got right

you are right but this NASS are just wasting time....anything to slow PMB down and I blame PMB for it . He should not ve allowed Saraki n his criminal gang up to an hour in the house leadership....I don't think you seeing what I'm seeing. how is you?

Incrizz:
Babacele good one from Buhari

yes ...
I hope they won't steal the formula from d guy or rubbish him.

amicable09:
Lolz. Parables everywhere! I think I understand though.
Have a terrific Tuesday!

lolz na u know oo

amicable09:


You're familiar with this side of me na
Why are you acting surprised, Uncle C?

Top of the morning to you. Hope you are well rested?

Yes I know but I no know say urban candidates even dey your special project plan self. my nite was awesome . thanks got yr response...though ain't ready but know where to launch my assault when I'm sure Mr Promise is strong enough to travel....lols

Incrizz:
Perfect

prefect incrizz did u say perfect? .....I wasn't expecting that word...ememem em wetin I want talk sef.

amicable ehnehn....hian.

Incrizz:
I was sold to the birth pang propaganda initially but right now, there's no pregnancy speakless of baby anywhere; not in agriculture, no where!
What can you see us birthing anytime say, at the end of this administration?

@bolded lol, why you dey do like this naw?

the summary of my would-be epistle is that this administration would have birth a nation on its feet - make sure Nigeria survives-instead of the ditch that the clueless administration was plunging us. Just rescue Nigeria. It is when you are alive and on yr feet that you can plan...... I know you go start to dey vex say wetin I dey talk now ...

jakandeola:
ive accept

thank you for accepting....abi make I give u her phone no so that u can help advise her on how to relate with elderly strangers?

Incrizz:
jakandeola babacele says I should apologise,
So, my apologies even though you started it o, lol

oya thank you for apologising .....it says a lot about you. I go answer the other post but it will b v lengthy...so let me take my time.

jakandeola:
u nid to see wat she put DAT insult me

bros, sorry ,no vex...

jakandeola:
I feel sad I wrote, DAT, but she made me angry. am not a kid dat a small girl will just insult anyhw

oh my bad...bros no vex, abeg. Incrizz come apologize ooh...why u go insult an elderly person with decorum? wetin u talk sef?

jakandeola:
barstard idiot dont ever comments on my blog

bros what is that please? blog? barstard idiot? I don't understand pls.

Mr President ,this second half should produce a winning ooo. Incrizz said she is not happy ooo. many allies sef dey 1 corner dey eye me badly.....for a start, Cabinet in the kitchen must be changed but you can go rest in z azer room. Welcome as u step in, hopefully tomorrow sir. God bless Nigeria.

pocohantas:
I guess you missed the part he said she is dumb while he was walking out to the lounge...lol
Gifty's IQ is so low...you have to drill to find it.

chai ,u wicked oo but I fit borrow a portable drilling machine if naa u wan do d drilling.....

419 governor.

todayboy:
we know the problem
thats why they vote Jonathan out
tell us what Buhari is doing about it
things is getting worse kids like you dey write non sense here

then let us allow Buhari's reforms to fruit as it is flowering presently. The fundamental flaws of the nation must be addressed. From reform in the Judiciary, diversification of the economy, youth empowerment, agricultural revolution being our comparative springboard, infrastructural development, security etc the Buhari administration is addressing these issue basically and sincerely . Let us key into this reforms.

soulpeppersoup:
No OPEC nation is in real recession. They are all in paper recession. Jobs are everywhere, food in abundance only that profit has declined. That is what they call recession there. But here no job, no food etc so our own to theirs is depression.

Have you ever ask yourself why do Nigeria always go into recession-depression when you hear we are fighting corruption?

Let me tell you.

Those with the money hid them. Any economy without money is dead. You can't save your way to the top, you invest your way to the top.

Lastly those call corrupt from shagari never talk the nation down, they all talked the nation up. What our leaders said of us, is what we are having.

They say we are broke, so are we. Unless they say otherwise, we will remain here.

paper recession? bros it isn't true. Maybe www.bbc.com is a Buhari institution.



Accessibility links
Sign in
BBC navigation
Search
News navigation
Sections
Falling oil prices: How are
countries being affected?
18 January 2016
From the section World
Share
Image copyright GETTY IMAGES
Oil prices have fallen to their
lowest level since 2003, sinking
below $28 a barrel before
recovering slightly on Monday.
Analysts say the drop has been
driven by oversupply, coupled
with a fall in demand because of a
slowdown in economic growth in
China and Europe.
There are fears that the lifting of
Western sanctions on Iran could
worsen the existing problem, as
the country prepares to pump
more oil into the market.
The effects of falling prices are
being felt by economies around
the world.
But oil producing nations that rely
on exports have been particularly
hard hit, with many now feeling
the social and, in some cases,
political impact.
Russia
As one of the world's largest oil
producers, Russia has been a
prominent victim of the plunging
prices.
About half of Russia's budget
revenues currently come from
energy exports.
The rouble is also under pressure
from economic sanctions that the
West imposed on Russia for its
involvement in the Ukraine
conflict.
On Monday, the national currency
dropped to new lows, with the
exchange rate dipping to 79
roubles to the dollar and 86
roubles to the euro - something
not seen since December 2014.
Government departments have
been ordered to cut spending by
10%, repeating a policy imposed
in 2015, Reuters reported.
Russian Prime Minister Dmitry
Medvedev has warned that the
country's 2016 budget may have
to be revised as a result of the
"unpredictable" oil prices.
President Vladimir Putin's
approval ratings remain sky high,
at around 85% , but ordinary
people are increasingly struggling
with rising food prices.
Analysts say keeping the lid on
any discontent will be a top
priority for the Kremlin as the
economic woes look set to
worsen.
Saudi Arabia
Saudi Arabia's income from oil fell
by 23% last year, highly significant
in an economy where around 73%
of total revenues comes from the
industry.
The country announced a budget
deficit nearing $100bn (£68bn).
After the lifting of sanctions on
Iran, share prices in oil-rich Gulf
states dropped sharply - with the
Saudi Arabia Stock Exchange
falling 5.4% on Sunday.
With no prospect of higher oil
prices soon, experts say the
kingdom's conservative rulers are
poised to introduce reforms. as
they attempt to avoid political
discontent.
In December, King Salman raised
the price of subsidised, cheap
petrol by 40%. There are also
plans to decrease other subsidies,
reduce the growth of public sector
salaries and limit the country's
dependence on oil.
With Saudi Arabia's regional rival,
Iran, entering the international
market, experts say the kingdom
is unlikely to back any efforts by
the Organization of the Petroleum
Exporting Countries (Opec) to
reduce production and increase
oil prices.
Azerbaijan
President Ilham Aliyev has
ordered his government to draw
up a series of special measures to
revitalise his country's economy
in the face of tumbling oil prices.
The plans would include a major
programme of privatisation and
strengthen regulations on the
currency market, his office said in
a statement (in Azeri).
The announcement comes after
dozens of people were arrested
during protests over rising food
prices and worsening economic
conditions in the city of Siyazan
last week.
Azerbaijan's economy is heavily
dependent on oil exports. Nearly
half its GDP in 2014 came from
the oil sector.
The country's currency, the manat,
has fallen dramatically in value.
Analysts say Azerbaijan's
government has done little to
improve other industries, despite
repeated warnings about the
dangers of relying on oil.
With the volatile currency, and the
range of people suffering
increasing, protests may become
more common.
Venezuela
Venezuela has the world's biggest
known oil reserves, and oil exports
account for as much as 95% of
the country's revenues.
However, the huge fall in oil prices
in the past 18 months has slashed
revenues by 60%.
On Saturday, Venezuela's
government announced a 60-day
economic emergency
to deal with a worsening
economic crisis. The edict
includes tax increases and puts
emergency measures in place to
pay for welfare services and food
imports.
The government's move came as
official figures showed that the
Venezuelan economy had
contracted by 4.5% in the first
nine months of 2015.
Meanwhile people in Venezuela
have been suffering from food and
basic goods shortages.
Experts say this led many to vote
for the opposition coalition, which
won an overwhelming victory in
December's legislative election
and dealt a huge blow to the
country's Socialist movement.
Nigeria
Nigeria is Africa's biggest oil
producer but lacks sufficient
refining capacity and has to
import most of its fuel.
President Muhammadu Buhari has
already said falling oil prices are
having "a painful effect" on the
country's economy.
Despite this, he announced plans
in December to raise government
spending in 2016 by 20%,
by seeking overseas funding.
However, reports suggest the
president requested the
withdrawal of the 2016 budget on
Sunday, in order to make changes.
As well as falling prices, the
industry is also dogged by
violence in the country and oil
spills.
On Monday, Nigeria's state oil
company shut down crude oil
flows to two of its four refineries
after weekend attacks on
pipelines, a company spokesman
told Reuters news agency.
The closures at the Kaduna and
Warr installations come amid
efforts to boost refining and wean
the country off imports.

todayboy:
so borrowing to pay salary is the definition of recession abi

so what is it? so you borrow when you have money?

soulpeppersoup:
We are not in recession, we are in depression.

Major cause being unguarded speech of our President.

Who will invest in a community of broke people? Your business na charity?

lols.....abegi we no dey depression ooo . the oil price fall is global and is hitting the OPEC nations more. please goggle it. We have been lucky to have a disciplined manager but needs to adjust some bit in his monetary policy- we need to spend our way out of this recession : jobs,loans, projects , farm business and exports with a fair judiciary and an anti corruption atmosphere . .....a lot of investment in agriculture and mining have actually taken place but not enough as we need more.
It would have been worse under one to whom stealing is not corruption. Tell me with the huge oil sales under him ,what did he achieve in 5 years? jobs, roads, health, food, electricity abi na wetin? let us call a spade a spade.

todayboy:
assuming gej is still in power there will be no recession in the first place
Buhari incompetence and pride brought recession to Nigeria
op no need to debate join the tuface protest lets chase the dullard out of asorock

then why did okonjo iweala in 2014 tell Us to prepare for recession?

Incrizz:
Erm..What's wrong with a sponsored protest

The millions of Nigerians in support of the protest were paid too?? And shouldn't that be a credible pointer that this administration has missed it somewhere?

There just has to be a leader and Tuface is it for this one.

What corruption??
The one that has always been?
Or the very one Ibb enthroned?
The recession of 1984, when GMB was in power, who caused it?(Someone asked, I will like to know)
Or it's just mere Coincidence?

Wrong policies man, wrong policies/stance

Gosh babacele, you honestly can't see any misstep by this administration, can you?

incrizz dear every mother loves the bundle of joy that a baby represents but the pangs of birth, that Nigeria is experiencing presently, no be small thing.

it is important who the sponsors are. Those who are the cause of the problems that presently face Nigeria can't sponsor this protest. Such hypocrisy and facing saving strategy is annoying. If the spirit behind the protest is patriotic , I support it wholeheartedly. ain't we ready to take up arms to defend the constitution when a cabal said a boy from Otuoke can't be Nigerian president in 2010?

Truth is that it is after the virus of recession had infected Nigeria that Dr Buhari is usually invited 1983 and 2015 to come and manage the ailment. The mistake we made by allowing Drug barons and thieves to truncate that therapy 35 years ago would never happen again no matter the costs. Shagari told us to prepare for austerity and Okonjo iweala said same in 2014......ask d person attributing the recession to Pmb wether na true or not?

Of course our people are angry and government is a continuity even if the last administration took us to recession. before you disagree Inc; why did Okonjo Iweala tell us in 2014 to prepare for recession?

I have not spared this administration a bit. ...from the questionable integrities of Pmb's kitchen cabinet, irrelevant monetary policy, slow democratic responses to urgent issues that need his decisiveness, to Aisha's outburst on BBC I have criticized this government. But I will exhibit zilch tolerance from insincere quarters whose motive is to bring down this government even if they are the cause of the problems we are finding solutions to. Happy weekend.

[quote author=mrnelson1994 post=53384813][/quote]if pmb has no value ,why was he brought back after 35 years? Truth is that Nigeria was already infected with recession before Dr PMB is invited to try his therapy . Unless you can explain to me that Nigeria has been alright all along even at the minimum for the citizens given the wealth with which we are blessed : electricity, employment, good roads, quality governance, security, food security, water, diversified economy, good governance, an fair judiciary ,low corruption, etc.
Do you know that in 2014 Okonjo Iweala like Shagari's 1983 austerity proposals after looting the treasury told us -at $70/barrel oil sales-to prepare for recession? if the symptoms were not there ,why did she say that?
The truth and you folks can't fault that is that the virus of recession has always infected Nigeria even if the symptoms were in early stages or minimal before Dr PMB is called on emergency to the theater room of nation rescue.
If the fundamental questions of socio-economic development and governance have been sincerely addressed in Nigeria why would a retired old man be so alluring for a national assignment of putting the most populous black nation on track after 35 years?
Nobody is saying PMB is perfect for he has his cold shortcomings but none of the past managers is more sincere in addressing the issues that form the backbone of any enduring national edifice.

Can we engage in serious intellectual dissection of the Nigerian state pre Buhari's 1983 up to the present using different themes from Education, health, agriculture, security and any you want to add? Thanks.

my aunty Oby...

Incrizz:
I woulda 'cause I love those sorta things but I can't, not with our trigger happy kinda policemen!
That day, I would be reading NL comments
I have a feeling you don't think the protest is called for?

abegi ooo even if you follow, dey middle make Tuface and Fayose dey front. when fifth columnists enter to use steal or cause mayhem our crude mopols no get pepper stray nor crowd management skills but naa unleash terror .
I'm lost at the correct perception of the situations of things in Nigeria by the organizers. my enthusiasm at joining such peaceful means of expressing my displeasure like an Aisha Buhari even if this administration is my Bae was crippled by the fact the 2baba and EIE have not put a lie to the heavy allegation by that the protest is being sponsored by Akpabio. Recently there has been coordinated efforts to precipitate crisis in Nigeria starting with the southern Kaduna killings ,so how am I sure this isn't part of the grand plan when the organizers can't ' clear my doubts'? What is the cause of the effect called recession we are witnessing presently? Isn't it corruption? who did what? abi governors no get bail outs and allocations? so why them no pay salaries? why was the border closed against food import? how much we dey spent before to import e.g rice annually? can we produce rice? abi we allow foreign farmers to come sell us food and carry our money go their country leaving our farmers empty? What is the price of oil when Pmb took over? why NASS dey do padding? What is the SSS report on Magu? Which kind monetary policy we dey follow self because Buearu abi naa Buhari de change, CBN , Counter etc rates no be same? which kind grass dem dey cut with N270m when the IDPs for whom d grass were cut dey die of hunger? What is public service jobs shrouded in corruption and secrecy? and several fundamental questions that defines our existence as Nigerians? all the same and for all intents and purposes this protest is here but it should be peaceful.

obyrich:
As if many stolen funds were not returned during PDP era. The only thing I wil see is the collapse of APC after the criminal politicians from past government have taken refuge in the party.

yea a purge is coming but after it ,Nigeria foundation would have been laid by Buhari n APC for a better edifice.

obyrich:
Their power is curtailed yet some people are buying a dollar for N3.06 while others buy N425 from the same CBN.

for where?

Incrizz:
I wad like Wale

hope u are doing good? I think say u dey follow organize the 2face Protest....abegi make e dey peaceful ooo. besides 2face n EIE no need police permit to protest.

obyrich:
As if many stolen funds were not returned during PDP era. The only thing I wil see is the collapse of APC after the criminal politicians from past government have taken refuge in the party.

Bros u can see that for the first time, the power to fight corruption is made more flexible that you can't hide. Not even Buhari can interfere with corruption cases because institutions and NGOs are being strengthened hence the need for strong characters like Magu to oversee this serious business. if you pretend not to know, the President's kitchen cabinet are under serious investigations and have been collaborating with a corrupt NASS to frustrate the nomination of Magu but the PMB isnt bulging. True PDP corrupt elements are here in APC but their capacity for evil is curtailed here ,and if their presence lead to some political overweight causing some attendant serious ills then a serious therapy surgery may be necessary. isn't it an indication that PDP hadn't done enough?
The amount of stolen public money returned to the FG has been hugely unprecedented in the history of this nation. why?