₦airaland Forum

Beaf: You blame the victim? Lol!
Anyway, from my perspective theres nothing wrong with playing your losing game. Cos I win.

Who is the victim? Obviously not Jona Dunce the leader of a clueless government hoping to thrive on a divided country. The victims are the downtrodden in the Niger Delta who stand to loose in the long run.

Never in my life have I seen minorities promote bigotry and hate. A stupid strategy that would ultimately consume Jona's people. Tells you how selfish and stupid the man is. Ethnic minorities promote diversity and equality as they stand to benefit more.

rhymz: hahahahah.... Seriously guy, the more you make an attempt the more blunders you make and expose the fact that you do not know what you are ranting about.
You are worse than I had thought, walahi!!! lmao... What has working in a commercial bank as a risk manager got to do with macroeconomic analysis?
Do you even know the difference between microeconomics and macroeconomics?...lol...chei, na from where this Dunce go school sef....stop acting like you know anything about economics, you are obviously shallow and using borrowed points you do not understand.
Hence forth I shall treat every post you make with utter mockery, you do not have the intellectual depth to argue your with me on this issue, matter of fact, you do not have a point or any knowledge on this issue.
I suspect, you are still in school and reading up textbooks so you can show off...hahahahahhaha....some of us have done that long ago, we are now in the system and know better. I am not an economist but I sure know moderately well enough about economics to know that you know nothing and don not know that you know nothing....lol....hahahaha...what a joke and malady of the mind.

[size=18pt]MUMU! A RISK MANAGER DOES NOT ANALYSE MACROECONOMIC DATA? CHAI SEE MUMU O! [/size]

rhymz: and Sanusi was a saint ??
Can you explain to us all from your clean sheet of incorruptible brilliance how Mr Sanusi the Saint rose to become the CBN governor with a mere 12years experience as A banker with an Msc in Economics if not through Nepotism and mediocre quota system. The man worked as GMD of First bank for only six months before getting the CBN job. His career rise is very very questionable and was never based on merit and experience in the sector.
Sanusi is no saint, if you want us to argue about his policies and haphazard method of implimetations and compare it with his predecessor, Soludo, am all in. But if all we want to discuss is their character and personality then we can continue in this manner, your pick.

You are an illiterate. A man who worked as a Risk Director in Nigeria's biggest banks monitoring and analysing macroeconomic trends and data does not know anything? Some of you are very ignorant and the more you try to castigate the man it shows how silly you people are. In your brain, every Economist must be an academic and thus be a Professor. How daft you sound. There are Economists in business too, it does not make them lesser Economists. Get that into your shallow brain!

What do you want them to do? The country is broke thanks to the m0r0n of a president. All these is thanks to the reckless looting which was put into his Presidential campaign. I laugh when I hear them say increasing energy prices is geared towards deregulation. While it might be partly, the main reason is to cut government spending thus reducing the interest rates on their debts.

rhymz: Another eeeeediot suffering from diarrhoea of the mouth and constipation of thought.
Obviously, you are angry that you can't intimidate me or anyone here with your mediocre attempt to sound intelligent than you realy are.
This is not your usual beer parlour settings; if you can't stand an intellectual discussion, I advise that you stay quiet in your limited knowledge and learn from your superiors. You will do yourself a whole lot of good if you stop humiliating yourself in a public forum.

I would tell you again ignorance is bliss. I see you rambling away about interest rates and inflation, it shows you don't have an understanding of basic macroeconomics. It is not difficult to tell that you don't. You get your knowledge based on what you read in the Nigerian media and you write lengthy posts thinking this is your village meeting. My friend it is not too late to enroll in LASU Agege campus. Help yourself and stop showing your ignorance in a public forum as this!

rhymz: You obviously do not understand the Nigerian Banking system let alone the stock markets. Sanusi is so very 4cking relevant to the discussion cos he came up with the whole Idea of "sanitizing" the system only to stiffle it to a standstill.
You think the Nigerian banking system was immuned from the global financial crisis that started in the US and spiralled into other countries?
For your information, our financial crisis started when the NSE crashed, I mean colapsed to the extent they had to virtually stop transactions. This was because institutional investors were divesting their monies from our capital market to solve their financial problems at home- US and UK. Many of them were getting "marging calls or request" from their banks and brokers as their share values had gone down below the minimum margin requirements offered by their lenders-banks and so on. This divestment from our capital market caused a panic and our banks who also had given margin loans to a lot of its clients started calling their clients to make more payment to shore up their minimum marging requirements on the margin loans extended to them or lose their shares. The effect of that was people selling of their shares and share values crashing down in a twinkle of an eye.
Becaus the banking sector dominated the capital market, they took the fall and banks that had given too much margin loans to both clients and staff were worst hit. There were also huge cases of default on payments, non-serviced loans and loans that eventually went bad as a result. The aforementioned cases still was as a result of the economic crunch that had hit the world at that time, people defaulted on payment not because they chose to but because they clearly could not keep up with the payment giving the economic realities.
Lets face it, Sanusi's reforms have been retrogressive and causing more havoc. Inflation has not gone down rather it is on the increase, people have lost more jobs than would have happened if the situation was handled with professional tact. Borrowing money from the banks is almost an imposible task hence the setting up of all these industry whatever funds here and there whose flows are not as flexible and continuos as those credit lines from banks.
Banks have not stopped incurring bad loans as is seen from the banks that keep selling their bad loans to AMCON.
Soludo may have made mistakes in being so laxed with regulations but he was very clear on where he was steering the economy to.
Infact, Sanusi is as corrupt as the CEOs he prosecuted. If not, tell me how an ordinary manager in a Nigerian premier bank was promoted to the position of the MD within the shortest period of time, even though he had spent a little time in the banking sector and subsequently became the CBN governor just with a Bsc in economics.

Unfortunately you are still speaking poo! You have very limited understanding of the issues. People like you would go to your village meeting to confuse them. My friend if you don't know then you get an economist to discern the issues for you. That is the proper thing to do.

[quote author=Frank-C]^Your last sentence seem suggest that you are against the unde-regulation. Most likely, you are for over-regulation as is presently practised. Is Soludo's 'many blunders' that he belongs to a different school of thought from yours as a fellow 'intellectual'. Actually, both schools of thoughts have their pros and cons. But Soludo has once again presented some strong reasons why he has chosen his own school of thought and they look like facts. Three years of fervent over-regulation has been proven to yield more losses for the country in terms of market performance, job losses, and even the so called embezlement by bank CEOs. Based on this, i prefer Soludo's under-regulation with its shortcommings to Sanusi's over-regulation.[/quote]Oga Sir, you've made valid points. However, let it be known that there are some economies more regulated than the Nigerian economy but these economies have still continued to prosper. For example, Chinese economy is not as liberalised as the Nigerian economy. In the Chinese economy, failure to declare the source of your company finance could attract the death penalty. However, China still attracts more FDIs than any developing country. In addition, China mobile a state capitalist is one of the largest telecommunication companies in the World with over 600 million subscribers. Another example is Germany after the Second World War were an interventionist approach was at the core of development. I agree with Soludo when he talks about the quality of leadership in Nigeria. However, they ought to take this into account in their quest for financial development. The economy had a very low absorption capacity and thus financial development only creates further problems which is what we see today and what was also seen in the East Asian financial crisis in the late 90s.

Finally, let it be known that the World is back to depression economics and it is not peculiar to Sanusi's CBN. There are lots of Banks in the UK that have been nationalised. For example, the British government owns over 80% of the shares of the Royal Bank of Scotland. This is what comes after the lax regulations that led to the global financial crisis in 2008. What we saw in those years were artificial growth and not real development. Soludo could quote the market capitalisation at the time to buttress his point. However, we know these things were asset bubbles, it was not the real values of those assets. Regulation was poor and thus there was little or nothing to focus the economy for the long run rather than the short run.

rhymz: All pun intended, you have not shown any superior knowledge, even your attempt to sound smart is mediocre, vague and lacks any serious intellectual depth.
One would have expected that instead of going round & round about what you think you know and confusing yourself with political jargons that add nothing to your points, you would have given your own "superior" school of thougt and outlined what you think Soludo should have done. All you did was to go on a monkey banana chest beating spree, there was nothing intellectual about your post and your supposed academic brilliance. Bragging is not an intellectual achievement especially when you do not know what is it you are blabbing about.

Unfortunately for you, you have not said anything. It shows you are not sound enough to discern what Soludo said. He has raised his arguments based on his line of thought, the question is which line do you belong. You are an 'Otimkpu'! I don't expect an illiterate like you to understand what I meant. You're an illiterate as you don't seem to understand Soludo's line of reasoning. You come out here to chat poo thinking no one would dissect your poor thought. Shame on your rotten soul! You can go to Onitsha main market where you would confuse your likes and don't come out here spewing rubbish.

rhymz: Hahahah.... In a way, Soludo made rubbish of Sanusi's obsession with heavy regulation of the financial market when he said:“stock market crashes will always happen: no amount of ‘reforms’ or ‘regulation’ will stop future ones. The jury is still out on what constitutes ‘appropriate’ regulation or ‘reforms’ of the market: debate raging in US now, over vs under- regulation.”
He made his case here because since he left office, Sanusi and his supporters have always implied that the reason the market crashed was as a result of his laxed regulation and control of the market. Now that the market is heavily regulated and controlled, we still are having thesame problems attributed to Soludo's handling of the market. This goes a long way to show that after all said and done, market crashes were inherently part of the market cycle and not neccessarily as a result of the stiffness or otherwise of regulations.
Another very valid point he made was pointing out to the corrupt law makers how their nefarious activities also contributed to the downfall of the financial market.
"He said the stock market was simply a reflection of what obtained in the larger socio-political strata of any economy saying it was the mismanagement and bad leadership in Nigeria that was responsible for the market crash".
And yes, He was very correct when he said; "Investors are not stupid (when the Market was booming, Nigeria was not rated No.14 failed State in the world— think about this!) They are watching the nonsense going on in our polity and how policy makers somersault policies on their heads, thoughtless policy reversals without minding how it affects long time investments and stuff like that.
How are we sure that the market is not just reflecting the fundamentals of the economy?
This one question Sanusi obviously do not have answers to;“What kind of market do we want — a market that leads the economy or that follows the economy?
Let us define our target/destination and how far we are from it before we know the appropriate vehicle to reach there.
Another question that made Sanusi look like a confused policy maker experimenting on unsound economic policies is this one:“How come that in three years and with monthly oil price averaging $100 per barrel and over 2mbd, and with all the ‘reforms’ in money and capital markets (supposedly there is no more lax regulation/supervision) and despite Dangote’s over N2 trillion listing which lifted the market cap over N8 trillion, the market cap is basically today at the level I left it three years ago?”
Like seriously, Sanusi has driven the market into a standstill that is why everything is crashing.

Poor reasoning from a poor student. Economics as part of the social sciences has never ending debates and that is what Soludo talked about there. There are unending arguments by both the leftists and the people from the right. The interesting thing is that both sides make valid arguments when you listen to the debate. It is left for you to choose which side of economic thought you want to belong to. That is how you know you have grown as an Economist. Unfortunately the Nigerian education system at present does not allow for this. You are just fed with whatever your teachers think. The fact that one is a Professor does not mean you cannot have a debate with him and disagree with him making valid points. That is what the academic environment is all about. I would tell you that Soludo made blunders and I have valid points to show it. He had good intentions no doubt but what they did was to stretch the economy beyond its capacity thus negating long run economic development in line with the Keynesian school.

[size=16pt]Mumu President, errrrr yeye dey smell[/size]

Unfortunately for you dumb heads, it is not a North South issue. Rather it is those who want transparency and fairness versus those who plan to steal our votes come 2015. We have tolerated vote stealing time and time again and we thus say never again. The PDP has no plans, they know fully well that Jona stands no chance of winning come 2015 and thus you can see moves to strengthen their rigging strategy. But they are joking this time around, fire would burn them all! That is why I urge Buhari not to relent, he must continue to speak thus raising the consciousness of the people and the need to fight this evil gang called the PDP. If anyone can show me a credible formal process for resolving election disputes in Nigeria then I would say there is no need to call for a fight. These evil people have continued to destroy institutions which ought to protect our existence. Do we continue to look while the future of our children is being destroyed? They are rattled whenever Buhari speaks therefore I say [size=20pt]BUHARI MUST CONTINUE TO SPEAK!!![/size]

PDP gets real jittery whenever Buhari makes a statement. I ask again, what are they scared of? Are they not committed to fairness and transparency in the democratic process. It is becoming increasingly obvious to me that Buhari won't contest in 2015. However, he has an important role to play in the quest to oust the criminal PDP as he is someone whose words could move the nation. I urge him to continue to speak, it is a vital strategy in the quest to oust these criminals in power.

A foolish reaction from the SA to the retard.

Typical response from rogues who feel so insecure whenever Buhari talks. I say Buhari carry on, they shall not rest. Don't relent in telling them the truth as it has become obvious they are so uncomfortable whenever you speak. This Ogboju tactics has no place. We would continue to soldier on for Nigeria as Nigeria belongs to all and not Jona and his PDP rogues.

Mmuo Okija: You shouldnt be typing..

You are still mensurating... Now take two tampons, stick one in your mouth and one in your coochie..

Crack baby!!

Typical response from a low life! You've not said anything so you're not worth any serious response. Get a life you scum!

Everytime the man speaks the PDP people go defensive. What the hell are they scared of is something I find it difficult to understand. He has only said what is inevitable if things continue this way in Nigeria. This charade called democracy is not sustainable. It is ruining every aspect of our lives. It has got to change. But the problem is whether it is going to change for good or for bad. That is why these people who are there to loot, kill and deceive the people have got to wake up. For how long are we going to cry restructuring? Anyone expecting Jonathan to move for restructuring is joking. If he does then how would he be able to stone Sylva? They are so scared of loosing power at the center. Nigerians have got to wake up to vote out the PDP. Voting them again is like rewarding mediocrity. It is not done in any serious democracy. The PDP is a very retrogressive party.

1supremo: EXAMPLES PLEASE!!

He has done well for the economy. By putting together a formidable 'Economic Management Team', with World Bank Presidential aspirant, Ngozi Okonjo Iweala, as one of the members.

lol Fake hype, na so Kenny and D1 dey lie to us those days sef say the whole world know them for LA. Who knows Dbanj in the UK? Maybe among the African communities but not generally.

How did the government let it degenerate to this stage? It is because it is a reckless and insincere government. If anyone says dialogue, did the Docs make known their demands today? What did the government do rather than resort to blackmail and intimidation using the hungry Nigerian media. Even in Germany were the conditions are better, Docs go on strike- http://www.wsws.org/articles/2006/aug2006/doct-a03.shtml -not to talk of this mad health care delivery system. Let the politicians hands off these institutions and stop choking them. Let the Hospitals be able to seek finance directly from donor agency and see if they would not be able to pay their workers enough. But would the Politicians agree? Once the money comes, Commissioner for Health and Governor would become Accounts Clerk.

playboy19: You must be a very stupid man for saying that about the government. Who is being reckless here? The affirmative government or the stupid doctors who neglected the first law of their profession, which is to save life first and embarked on some lousy strike. So in your abundant foolishness, you believe it would have been better for the government to wait and engage them in some fruitless negotiations while a large percentage of the patients dies? You must be outta your freaking mind.

Good one Fash, ride on!

Typical response from a slowpoke! Firstly, a state that does not have sufficient Docs sacks the one it has. Is that not foolishness? If a government cannot prioritize health care delivery then that government is useless. It is critical to building human capital which is critical to economic development. What happens if you have a poorly motivated Health workforce? They leave to other places after a while thus increasing the labour turnover rate in the health sector. How does the state get healthy? How then would they be able to heal your rotten soul? No wonder you can't think. The health of the state is in a big mess!

Ministry Ministry everywhere, yet very little effect on the people.

MR GERMANY PLEASE STOP LYING!

Ilaje44: Who told you they dont embark on strike abroad? Have you lived abroad? The diference between Abroad, specifically here in Germany, is crystal clear: HUMAN LIFE is sacred here. You can not strike when it threatens the life of human beings. If you do, you loose your accreditation and you would have a criminal case as well as a civil case against you. Now in Nigeria, there is absolutely no regard for life. It is always MONEY FIRST. If those doctors tried what they are doing over there abroad, a lot of them would not only be sitting in gaol, but their life savings would have gone to compensate the victims of their irresponsible action. Nigeria is a shame, a den of lawlessness...

German doctors strike raises fundamental political questions
By Patrick Richter and Lutz Köppe
3 August 2006
For more than four weeks local doctors from 700 German hospitals have been on strike against ever worsening conditions of work in the form of unpaid overtime, unpaid additional paperwork and the dismantling of social gains.
In a ballot held at the end of June, 97 percent of unionised physicians voted for strike action. This latest action follows the 13-week-long strike by 22,000 physicians at university hospitals, who had also fought for better conditions of work and higher salaries. An estimated 70,000 local doctors are now involved in the latest strike.
Many of the predominantly young assistant doctors are taking part in a union-organised strike and protest actions for the first time in their lives. Banners and posters at protests and demonstrations express their indignation over the fact that, after years of study and training, they are then forced to work under utterly precarious and uncertain conditions involving interminable shift work and poor wages that make any serious planning for the future impossible.
The strike by physicians is significant because it is indicative of the shape of future social conflicts. An increasing army of highly-qualified technicians, engineers and scientists are confronted with very similar problems.
It is therefore important to draw attention to the political problems which physicians face in their strike. The grand coalition government of Angela Merkel—Christian Democratic Union (CDU), Christian Social Union (CSU) and Social Democratic Party (SPD)—and on federal level social democratic ministers—have made decisions leading to huge cuts in social funding which in turn precipitate drastic savings that are then imposed on a local level.
The trade unions, whose functionaries are in the main SPD members, support these policies, point to the empty coffers, and use such strikes as merely a means of letting off steam. As has been the case time after time in recent years, after a few weeks on strike and some radical demonstrations, the union agrees to a collective agreement involving a perceptible worsening of conditions for the workers involved.
In this respect the Marburg Federation (MB), which poses as a politically independent agency specialising in the interests of physicians, represents no real alternative. There now arises the very real danger that the strike by doctors—despite the militancy of many strikers—could end in defeat. Local physicians could be the last major group to be subordinated to the new collective agreement that came into effect last year involving considerable worsening of conditions.

allycat: I always identify myself as one of those useless, greedy doctors many are cussing out here. I was in LASUTH yesterday to pick up my personal instruments which I normally keep there in case of emergencies and I didn't see any sign of normalcy. No clinics were running, there were a few people loitering outside A and E but the theatre was quiet, no surgeries can take place because there are no anaesthetist to put people to sleep. About half the doctors sacked are from LASUTH so if you want a good idea of what is going on go there first. Nearly all the consultants were affected by the sack and the few who were on leave cannot work because they need their resident doctors. I know of a consultant that worked through the 3 day warning strike and was still working until the day the sack letters were issued. At that point she went home, she rightly noted that since she was sacked she had no legal backing to continue to see any patient. Because rightly or wrongly If anything happened to a patient now she can be sued and she has no defence. Humanitarianism is no defence. There were other doctors not all that were sneaking in to see patients in places like ICU but they have all stopped. I am not trying to justify the strike to anybody, he who wears the shoe knows how it pinches . As for kicking people out of their homes, less than 5% of doctors had quarters and while it is painful for those affected it serves as a lesson for other doctors, never take official accommodation. It's just a tool for blackmail.

Thanks Doc. It is criminal for a government to attempt to blackmail the Docs rather than do what is right. Who the hell does that? And people are singing his praise telling him "he is working". If the people cannot tell him he has gotten this wrong then they are only hypocrites!

[quote author=Rhino.5dm]Are you for real? Dude, stop making up things cos your desperation is becoming visible. Have you ever lived in PH to be making that ignorant statements of yours? What do you mean by the "stress in Lagos. . ."? I have lived in both cities and I can tell you that Lagos has more value for money than PH. Housing cost? ? Food stuff? ? Transportation ? ? Infact even a bottle of gulder differs.

For your info, PH is very verrry stressful,overly over crowded and much more expensive than Lagos. Pick up another lie, I'm waiting. . .just admit that you guys in are Lagos are just greedy and wicked.

Secondly, I see nobody preventing you from resigning if the working conditions is very poor as you claimed. You can easily move to other highly paying states or jobs and all that, without killing your patients.[/quote]I don't do beer parlour assertions. How do you conclude that PH is more stressful? I have pointed the population of Lagos to you to support my assertions or is PH more populated than Lagos? I expect you to point out credible examples to back you assertions and not beer parlour examples of "PH cost O". Secondly, only a Government without direction would encourage a high labour turnover rate in its health sector. Offer lesser remuneration packages and then they leave and go elsewhere and then you employ new ones again and thus the vicious cycle goes on and on. How then do you develop the health of your State? That is why I say you're myopic. It is not a one way thing, develop your thoughts and analyse the issues involved.

princey83: I like how you discuss. Its not always straight forward comparing a developed country to a 3rd world country. Priorities are different in both country. And we also run a different type of government.



They went on strike without following due process and were sacked. No wrong doing there. It's not by force to work for LASG.



I like how you discuss. Its not always straight forward comparing a developed country to a 3rd world country. Priorities are different in both country. And we also run a different type of government. Slowly but surely, Nigeria shall become great, but what we are against is the activities of some union that are trying to bring the state down on his knees.

Mr man in placing priorities for a developing nation, health has to be one of the critical sectors to focus on.

[quote author=Rhino.5dm]Guy stop all these lies, joor! Portharcourt is more expensive than Lagos, and I don't see doctors in PH or any other places striking like nepa lights or abandoning their patients, after every 2 months in the name of strike.

By the way, why are you always quick to mention London, UK ? You think say na moi-moi to be doctor for UK? No be pap ooooo.

You guys in Lagos are just greedy.[/quote]Now I say you are myopic! The number of people in Lagos, the stress in Lagos cannot be compared with any other place in Nigeria. That is the idea behind a higher wage for Docs and Health Workers in London. From what I have seen, the government has been able to cow the other unions- remember Comrade Akele who was eased out by Tinubu. Unfortunately the Doctors are more enlightened and the same can't easily be done with them. It is not moimoi to be a Doc there but a lot of Nigerians are Docs there, so what you on about?

No wonder Politicians would build roads and tell these people "they are working". Do you people really know what your priorities are? If a government cannot develop health which includes its workforce then that government is a failed government. I have never heard Mr Cameron gloat over building or renovating roads, yet there is work going on from the M1 to 25. You hear them talk of the NHS, reducing unemployment or national security. Fashola must be told in clear terms to do what is right, I had been a fan of him but on this case, he is not getting it.

[quote author=Rhino.5dm]so because we wan develop naija, na him we go allow some lazy bastards hold the government for ransom? You get sense at all?[/quote]You're the one without sense. If the Docs are lazy, what has been done to motivate them? Remuneration policies as part of governance means remunerating to attract, retain your work force and that which is commensurate with the work done. Doctors in Lagos should earn more than Doctors anywhere in Nigeria just like Doctors in London get a higher pay than the rest of the UK. The government can keep lying to themselves. There is no development coming your way if things go on this way. It means they have not prioritized health which is critical to development.

Teedol: My brother, half bread is better than non. At least 378 Docs will do their best.
It is acceptable for lectures and other civil servants to go on strike,
but health officials, NAH.
The Docs union got it all wrong, they could have left at least 20-30% of their work force
on duty, that way they would have earned the entire populace sympathy.

The UK police protested yesterday, yet they made sure at least officers on duty never left their post.
20% were on duty.
The lagos Docs are just trying to tell us they never cared for their patients life.

So the best thing is to sack 700 Docs and replace them with 300 for millions of people? This new ones would also get frustrated with the conditions and it would be back to square one. So don't deceive yourselves. Lagos and Nigeria has a very low workforce in the health sector. Why can't we then treat the few we have right? ? The strike option seems to be the only language this useless Nigerian leaders understand.