₦airaland Forum

The Monetary Policy Committee of the Central Bank
of Nigeria on Tuesday warned that the country’s
economy could slip into recession by next year if
proactive steps were not taken by the Federal
Government to revive key sectors of the economy.
It also reduced the Cash Reserves Requirements for
Banks from 31 per cent to 25 per cent as well
as retained the Monetary Policy Rate at 13 per cent.
The committee also retained the symmetric corridor
of 200 basis points around the MPR; and left the
Liquidity Ratio unchanged at 30 per cent.
Addressing journalists shortly after the two-day
meeting of the committee held at the CBN
headquarters in Abuja, the CBN Governor, Mr
Godwin Emefiele, noted that the economy had
remained fragile owing to various factors.
For instance, he said the country’s Gross Domestic
Product Growth Rate recorded a slow growth in the
second quarter of this year, making it the second
consecutive less-than-expected performance for the
current fiscal year.
According to the National Bureau of Statistics, real
GDP grew by 2.35 per cent in the second quarter of
2015, a significant decrease when compared with the
3.96 per cent and 6.54 per cent in the preceding
quarter and corresponding period of 2014,
respectively.
Real GDP growth is projected by the
NBS to stabilise at 2.63 per
cent in 2015, compared with the 6.22 per cent
recorded in 2014.
The committee, according to the governor, however,
noted that the impact of non-payment of salaries at
the state and local government levels had led to
reduction on consumer demand.
He said while year-on-year headline inflation
continued to trend upwards, demand pressure in the
foreign exchange market remained significant as oil
prices continued to decline.
As a result of these developments, Emefiele
said there were indications that some of the banking
sector performance indicators could be stressed if
these conditions worsen further.
Specifically, he expressed worry that liquidity
withdrawals following the implementation of the
Treasury Single Account, elongation of the tenure of
state governments loans as well as loans to the oil
and gas sectors could aggravate liquidity conditions
in banks and impair their financial intermediation
role.
These, he noted, could affect economic growth,
unless some actions were immediately taken to
ease liquidity conditions in the markets.
He said, “The committee noted that the overall
macroeconomic environment remained fragile.
“The committee noted that liquidity withdrawals
following the implementation of the TSA,
elongation of the tenure of state government loans as
well as loans to the oil and gas sectors could
aggravate liquidity conditions in banks and impair
their financial intermediation role, thus
affecting economic growth, unless some actions were
immediately taken to ease liquidity conditions in the
markets.
“Having seen two consecutive quarters of slow
growth, the committee recognized that the economy
could slip into recession in 2016 if proactive
steps were not taken to revive growth in key
sectors of the economy.”
www.punchng.com/news/nigerias-economy-could-slip-into-recession-cbn-warns/

We don hear

Oro

Vamos Los Blancos

Enough of this misinformation everywhere. The institution is owned by Isiaka Adeleke, a senator and former governor of Osun state and not Davido's father. Isiaka Adeleke is his uncle.

K

bjdon:
Are you people deaf? The man has said it quite clear in public that those that gave him 95% of their votes can not be treated the same as those that gave him 5% 'on some issues'. It seems those issues include sensitive appointments.

No need to keep moaning and complaining about all this. If the economy improves, corruption decreases and the security situation across the land improves, do we really care on the ethnic make up of certain govt appointees?

We are neither moaning nor complaining, we are just WAILERS wailing for a better democratic rule founded on the rule of law, fairness, equity and social justice.

I start today with Ecclesiastes 3:1; “To everything
there is season and a time to every purpose under
the heaven”. Truly this is Arewa’s time and there
must definitely be a purpose or an agenda. The
suspicion that the North, mostly represented by the
Hausa/Fulani ethnic grouping, desires a total
dominance of others, has been there from the
beginning, with its leaders doing little or nothing to
dispel such fears. But If what is fair is just, then the
North may be excused for the truculent pursuit of the
presidency in the last elections. A Northern
presidency should be rounding-off when the leaders
were expressing desperation to have it back.
But the
2010 loss was providential and the zone was not in
short supply of sentimental support in 2015 even in
the South, which ultimately delivered the
Muhammadu Buhari’s presidency.
Months before the elections, a die-hard Buharist
Lagos APC chieftain and I, had a lengthy discourse
about his sincerity as an expected father of the
nation. I expressed doubts. He asked for a chance.
Thursday night after North took another five out of
six national appointments, sustaining the trending
pattern since Buhari assumed office, I called him for
his view. The APC leader said South-West has entered
“one chance”. He said I was entitled to my mocking
grin now. But I wasn’t making a face because the
brewing political disaffection was no laughing matter.

Without doubts, there were all manners of
mathematics of sharing in the alliance that sacked
the incumbent. I would not know if inked or given in
assumption of gentleman’s words being their bonds
but I am too certain South-Western and North-
Central political leaders would not append an
agreement with an intendment of what is playing out
now. I will explain.
Buhari didn’t defeat Jonathan simply because
Nigerians were tired of the Otuoke fellow. Political
forces coagulated to achieve the unprecedented.

Without them, he would have been fourth time
unlucky.
The spread of such forces also ensured Buhari’s
national acceptability and appeal. Today, Buhari is a
hero in unlikely places. In my church, he is a spiritual
project. This birthed what is now known as the
“Buhari effect” perceivably turning things around
before touching them. Nigerians are beginning to
believe. This optimism, founded on his perceived
“moral authority” gave him reprieve, even when not
sought, anytime he had a melt-down. Until last
Thursday.

The question being asked in hushed tone, has come
alive. Is Buhari incorrigibly pursuing a Northern
agenda? A Northern agenda is legitimate.
Considering what went into its demand before the
presidency was delivered, it would be foolhardy
expecting Buhari to be an Olusegun Obasanjo.
Yoruba demanded for presidency in 1999 but not
Obasanjo. Hausa/Fulani demanded for it in 2015 and
Buhari was their joker. Unless, he wants to be a
turncoat, he must have a Northern agenda. Jonathan
was also accused of having Igbo agenda.

In his own
case, he is not Igbo. A report last week that his village
was without drinkable water speaks to whatever
agenda he pursued.
Without doubt, Buhari has outrageously favoured
North (Hausa/Fulani to be precise) in appointments.
The supporting argument is that he is on a rescue
mission and should be allowed to pick his entire
team even from Jupiter. Let him just deliver. The
argument suits me, only that it makes the rest to
appear as morally-bankrupt nation destroyers
without patriotism.
That would be unfair to others. What about variety as
the spice of a menu.
Nobody loves the nation more than others. I am
more worried because the Northernisation agenda
appears to be more of the president’s mindset than a
Caliphate blueprint. When he spoke to the vote-for-
patronage ratio in USA, it was glossed over as a non-
issue. He was certainly talking about patronage and
not merit. But even if merit was projected to deliver
the 95 per cent, his mindset should have been
engaged at that point on the desirability of gradual
ascension while the fault-lines are being gradually
mended. Where is even the empirical evidence that
the beneficiaries are the best anywhere in the nation.

Now with undisguised arrogance, Buhari has broken
the cistern of national trust built round his
presidency. The damage has been done even if
corrections are made with subsequent appointments.

The workings of the inner recesses of his presidency
are now known. Definitely there would be reactions
to this action. I sincerely hope Buhari isn’t doing this
because he is probably not thinking of a second term.

It would be sad if he destroys the national coalition
that produced him on the basis of jingoistic
disposition. I warned that those egging him on, may
be his undoing. Nothing seems to have changed.
Sadly, he has said it clear to other zones they are on
their own in the next four years. Would there be a
moral justification to blame any zone that seeks its
destiny elsewhere? Everyone was concerned with him
seen as the father of all. Now that the song is “To
your tent O’ Israel, different paths would definitely be
charted.

In all these, I feel for his genuine supporters in the
South, particularly those who may never meet him
physically in the next four years, let alone nurse hope
of appointments. They are in pains, sad and
ashamed.
The despatch rider in my office, Michael Ayilaran is
their face. He was unapologetically Buhari during the
poll. I asked him few days to the poll why rooting for
Buhari. He said Yoruba would have a better deal
under him. Friday morning, he looked beaten when I raised Buhari’s issue with him. He kept saying “o
disappoint opolopo nibi sir” (He has disappointed us
in the South sir). His ilk are the people Buhari and the
North must listen to. Three years, nine months and
six days ahead are enough to reinvent a bent
mindset. A sense of proportion in everything speaks
to a balanced mind.

tribuneonlineng.com/norths-bragging-right

Can somebody with strong links with the APC leadership help me tell them to please call for a national convention to deliberate and agree on a single figure to accuse the Jonathan government of embezzling. I'm tired of 10trillion, 40trillion, 20billion dollars, 6billion dollars, 3billion dollars etc. These figures are getting too much for my brain to comprehend. Thanks in advance.

Pray for knowledge

OP kpele

Jesu

I comment my reserve

Orisirisi

Can somebody with strong links with the APC leadership help me tell them to please call for a national convention to deliberate and agree on a single figure to accuse the Jonathan government of embezzling. I'm tired of 10trillion, 40trillion, 20billion dollars, 6billion dollars, 3billion dollars etc. These figures are getting too much for my brain to comprehend. Thanks in advance.

Whao!

Can somebody with strong links with the APC leadership help me tell them to please call for a national convention to deliberate and agree on a single figure to accuse the Jonathan government of embezzling. I'm tired of 10trillion, 40trillion, 20billion dollars, 6billion dollars, 3billion dollars etc. These figures are getting too much for my brain to comprehend. Thanks in advance.

akanduteenah:
i like this your style ooo. Im thinking of leaving where i am currently by december. But i have always been afraid of staying idle after then incase i dont get anything by then cos i have never been idle since graduation. Thanks bro; this came at the right time!

What are your subject areas so I can hook you up if any outlet opens.

akanduteenah:
i like this your style ooo. Im thinking of leaving where i am currently by december. But i have always been afraid of staying idle after then incase i dont get anything by then cos i have never been idle since graduation. Thanks bro; this came at the right time!

My sister be sure of yourself first. You can get around and see up things at the different tutorial centres in your area and close by. JAMB lessons will soon start, GCE registration is on so they'll soon kick into gear. Get like 3 or 4 places around. In some areas, it's like 1k-2k per period but other areas like where I stay where the tutorial centres don't bill the students much, it's like 5h but never go lower than 5h. From those places you can get private home teaching to supplement everything.

masties2:
I like this guy. you know what you want and go for it. No dulling. Hussle while you can.

Thanks sis.

Larry37:
Nice one bro......if you know any client interested in design and technology (IGCSE) please do contact me thanks

No problem bro.

artisticallyart:
I hereby confer on you the medal of hustling (MOH).... henceforth you shall be addresses as Bekwarra M.O.H, My brother God bless your hustle...... I know it not your making but you are trying to try. Give it your best shot and while at it be on the outlook for parents that needs private tutor irrespective of the class.
I doff my hat for you.

That's it sir. Although it's kinda of stressful but which hustle does not bring stress? I'll finish with the 2 kids this week, then I've got a final year project to write for someone, though a close relative, I billed the person 30k. By the time I'm through with that, JAMB lessons would have started, if I can take 6 periods per day at the different tutorial centres at 500 each, that's 3k for one day. Although the stress is there, but man must chop. I got the no-slacking idea on this thread. It's not everybody that will work in NNPC or Chevron, we should stop sitting at homes and fooling ourselves doing kasun kaji Nig enterprises.
Thanks a lot for these thread, all the people keeping it alive may they be blessed. I got my OT here. I promise to be on the lookout and paste some links I get here.

MacJC:
Hmmmm, Bekwara, ur head dey there!
**fetches calculator**
3 'visits' @3k per visit ===> 9k per wk
4 wks @ 9k/wk =========36k/mnt PER LOCATION o!
My personal person, tnx 4 "lending urself brain".
What u need 2 do now is MULTIPLY ur locations.
If u can have 5 of such locations, that fetches u 180k/month as an "ordinary" private tutor o!
End of story.
#lobatan

Naso my brother just that it's for the duration of the holidays till the kids go back to Abj. But I've already made some arrangements with some tutorial centres when JAMB lessons start in October. I'll be teaching 3 subjects and due to my area, it's 500 per period. If I can tàke a cumulative of like 6 periods in those centres, na still something. No time to dull around and seat at home for a work that's not coming. I prefer it to school job, no lesson notes, no regimented schedule, no principal or proprietor ordering u around. Enter class, teach, collect your Figo and bolt.

The most annoying are those Unilorin kids always shouting better by far.

GoldenDr:
Bekwarra.... Which league are you plying your trade?

Now in the realm of home tutorials sire.
Just landed it about 3 weeks ago. An IGSCE student and a primary 3 kid. I spend 3hrs with them thrice a week and collect 3k per visit.

So Igbos are products of a one night stand.

dfrost:
Hi Bekwarra, I understand your pain but do not resort to insults as you may not be passing your thoughts correctly. I have brothers there too and it pains me too. I almost wept when I saw your response - it shows pain. Please don't wish him death. We are all together in this irrespective of our tribe, race or state of origin. Ma bi nu...

Thanks bro.

Get a job and stop scamming people. University of Ibadan does not engage the services of third party agents in any of their admission processes, it's boldly written on their website. Don't exploit innocent and desperate admission seekers. Anything pertaining to admission in UI can be accessed on admissions.ui.edu.ng. Besides UI does not offer pre-degree programmes, so get a life.

A gang armed with machetes hacked a secular blogger to death at his home in Dhaka on Friday in the fourth such murder in Bangladesh since the start of the year, an activist group and police said. Niloy Neel was murdered after the gang broke into his apartment in the capital’s Goran neighbourhood, according to the Bangladesh Blogger and Activist Network which was alerted to the attack by a witness. “They entered his room in the fifth floor and shoved his friend aside and then hacked him (Neel) to death. He was a listed target of the Islamist militants,” the network’s head Imran H. Sarker told AFP. Police confirmed Neel had been murdered but had no details on his background.
www.punchng.com/news/fourth-secular-blogger-murdered-in-bangladesh/

Ishilove Lalasticlala we need this on FP too. At least we saw it on FP when they said they got a list.

H