₦airaland Forum

13volts:
While other newspapers notably the THE SUN and other pro GEJ dailies have refused to published any news critical of the present administration. The SUN of example have concentrated in publishing fake and unconfirmed news about the north from an unnamed source, quoting another unnamed sources who do not wish to be named by another unnamed sources.

:

I don't know the mosque system in Lagos but generally mosques don't keep fat accounts like churches, so how will this be implemented? Would they be asked to keep books of account so that there is transparency, and those who earn higher pay higher taxes?

Ngozi is sweat voicing us. It won't work

Kai, Adams again  

Typical Nigerian organisation. Talk as u come, no rules. If u r late that's final u don't talk.

dmainboss:
The lack of trust is not based on Nigerian's judgement of the individuals there right now but of the failure of government since independence. It is a buildup that has reached a peak. So zeroing it down to individuals is soooo wrong. You need to listen so you understand the debate before you comment. Lack of trust invloves all levels of government, not just federal government.

U r right! But the reason I listed these 3people is that coincidentally this same pple asking for our trust were the ones that failed our trust in the past. U get the link.

It's this simple.

Alison was transport minister in the past, she even cried on the state of Nigerian roads, what happened?

Iweala was finance minister in the past, she promised the 100 million dollars  savings from debt servicing will be used to fast track on mdg related goals, what happened?

GEJ was govt in the past and didnt achieve much, president for a time b4 formally elected, what achievement or even sign of achievement did he show?

So to hell with lack of trust, why should we trust pple who have proven not to be worthy of our trust in the past?

U tell me.

What is this woman talking about.
Is she a spokeswoman for sahara

What in heavens name is dezziani talking about

I don begin to dislike this guy

Seun stop this oshiomole now

Trust me there there were more debates and of more intensity during the SAP era . So this one doesn't make the subsidy matter to be better resolved, but a good start. But govt now just as at then continues to be insincere. Thats were the problem lies

I think Adams is politically confused.

Yeparipa NEPA ooo! Why now. Wetin I go do now.

Well the only I can say

The guy make sence but I know want gree

Well he says he is against rent not subsidy

That's why I hate listening to sanusi- he manages to convince you

Is that timaya at the background? What has he got to say.

werepeLeri:
if you say those at the authority are not making sense and you differ with them, how come you want others also to listen to you without differing to what crap people say?

That's were fact comes in. Ngozi gave out data on barrels of oil per person in different countries to buttress her point, I said no, a better metrics is the ratio of minimum wage to pms price in these same countries, and u will get a better picture. So the only person blabing is u.

Alison is merely reading out, outdated classical economic theory as she was told, boring. Economics has transcended that, and if u can't adapt economics to your peculiar situation on ground then you are waisting ur time

werepeLeri:
Abeg - we are all watching. Stop talking crap. None of you makes any sense. Just criticising those who makes effort. Shio.

Guy, it is supposednto be a discussion btw govt and us and not to take the govts stance hook line and sinker! So we r just humbly begging to differ.

Seun:
What makes you think the same government responsible for NITEL and NEPA and Ajaokuta can build anything?

Good! That's our problem not subsidy.

Am I the only one who hates listening to the petroleum minister talk. Shes so fake!

Seun:
If you had the money, would you invest in a refinery selling fuel at less than 50% of the cost of production?

Do we need outside investors to build our refineries? More than 80% of OPEC members build their own refineries (public), so u tell me?

All this crap about using the savings on youth vocational training, reducing child mortality yada yada yada! Haven't we heard this b4? Can't we do this without removing subsidy? If we can't what happened to the funds meant for this? Shouldn't we be going after those funds were ever they are or whoevers pocket they are?

She is making some vague technical analysis (chart) on other oil producing courtier, what d heck has barrel of oil per person has to do with anything? Do they share it to us. Why don't she try comparing minimum wage of these countries she is quoting and that of Nigeria and then see their ratios and that of Nigeria?

She made reference to the cost of crude and that of pms, but I would be more convinced if anyone can give an accurate cost breakdown of the diffwrence btw crude and pms, and how is there linkages btw this product prices, and what the precise relationship is btw the two product price movement.

Akanbi_edu:
Do you seriously expect him to comment bout Boko haram? You are joking, right?

I wonder o. Some pple sef. Even without the IMF, u can't doubt the intelligence of the guy.

hustla242:
Lagarde also gave a nod of approval to the economic team that has dared to deal with the political hot potato that is the oil subsidy removal.

“It is unpopular, but absolutely necessary and in the interest of the Nigerian economy,” said Sanusi, who Lagarde described as “the most intelligent man in the country.”
http://www.washingtonpost.com/business/industries/imf-chief-warns-nigeria-that-europes-debt-crisis-could-affect-africas-most-populous-nation/2011/12/20/gIQAqy8b6O_story.html

Now, I'm not against Sanusi he's cleaned up the banking sector which was excellent. "The most intelligent man in country"? Inflation in double figures, Naira at record low, borrowingi rates at record high?? Yes I not we're not a manufacturing economy blah blah blah, but under Sanusi the economy has actually worsened due to his stringent policies. Islamic banking during such a delicate period Intelligent C'mon!!!

Guy u know Nigeria is not a tree standing alone in a plain desert, we r rather a tree in a jungle. The global economy is slumping and Nigeria unlike china is a net importer, and we have our reserves in dollars. So do u see the link to the worsen economy and wobbling currency? We r lucky to have a hardcore risk manager at the cbn at this particular point time.

I don tire sef. Every day brings a new thing for this country sef

Let me take a wild guess and any one can prove me wrong.

After subsidy has been removed some of the savings will be invested in the newly constituted IMF euro bailout fund for our "future generation". Mind u the Chinese won't invest their trillion dollars reserve in it, not even britain which is partly part of the eurpean union will invest in it. But u will soon hear that Nigeria will be investing in it. That is if pour president hasn't signed it already yesterday wit he IMF boss.

As IMF boss arrives Nigeria, it is well known that the fund had been in d past a staunch proponent of fuel subsidy removal and reduced education funding by govt. Now they have one of their own as the cordinator of our economy (finance minister). The question is what does IMF wants in Nigeria.

Ask the southamericans how their romance with IMF ended up during the argentinian debt crisis, or the south east Asian economies during their own crisis, there is not a single place where the IMF has entered which doesn't end up in crisis. Now it's Nigeria!

Convensional economics predict that an economy like that of the US and to some extent continental europe with their ageing population should have a surplus to cater for their retiring citizens, but the US has over a trillion dollars in debt. China on the other hand with it's young population and growth potentials should be financing it's investment in new growth opportunities with deficits and borrowing, but china has over a trillion dollars in reserve. Thus it's no surprise that the focus is now on Africa's reserve and resources, which will be systematically re-plundered through series of vodoonomic policies which we won't understand and neither will we care to due to our short sightedness.

What can I say except good luck Nigeria with your new found romance with the IMF.

U wonder why we keep retrogressing? Explain this

A sizeable portion of your population have cash to invest but are restricted by their faith to invest in intrest bearing securities, so the central bank set the rules on how this sector should be taped(not take anybodies money or give anybody money) instead of let those in the financial sector prepare to tap this mouth watering sector in the face of global recession, u have religious jingoists telling us that no it's not good for our economy.(just like a carpenter showing a surgeon how to stitch)

Now answer that for me.