₦airaland Forum

[s]

brunofarad:
Hmmmm




They should also remember that NIGERIA is not a communist STATE or Banana Republic


It is supposed to be a free market Economy

Dumb heads

My heart felt condolence goes to the small and medium scale enterprises all over Nigeria,

[/s]

Wtf is this one saying
Where in the world is it legal to trade forex on the streets?? I dont understand why some people even bother going to school, when you learn absolutely nothing!

Children of hate, oya come oo

Smh! Morons
Ask those useless jobless cretins what they have contributed to igboland in the last decade? Zilt! And u come here to cry that facebook ban u. Ndiara!

jumobi1:
Nigerian government officials aren't too brilliant that's why China can violate our citizens rights. We should sever ties with China if this is true.

Severe fire. Those guys shld accept their fate because this has become a merry go round. Nigeria has intervened severally in the past but the same people keep going back to engage in drug trafficking. The more you try to save them the more they find ways to go back with drugs, because of greed!

LadyExcellency:
I didn’t indict Jonathan over ‘savings’ statement – Okonjo-Iweala

The immediate past Minister of Finance, Dr Ngozi Okonjo-Iweala on Friday denied indicting the administration of former President Goodluck Jonathan on its inability to save for the rainy day.

The former minister said in a statement issued by her Media Adviser, Mr. Paul Nwabuikwu that while the Jonathan administration was willing to save for Nigerians, the plan was opposed by the state governors at the time.

She said the opposition culminated in the governors taking the Jonathan government to the Supreme Court in furtherance of their position that the Federal Government had no right to compel them to save.



The statement reads in part, “Some recent media reports have distorted comments made by former Finance Minister Dr. Ngozi Okonjo-Iweala regarding how lack of political will negatively impacted national savings over the past few years.

“Contrary to the slant, Dr. Okonjo-Iweala did not indict the Jonathan administration in which she served.

“Rather, she was referring to what many Nigerians already know: the strong opposition by some governors to the Jonathan government’s efforts to save in the Excess Crude Account and the Sovereign Wealth Fund sabotaged this important national priority.

 “The governors’ criticism of Dr. Okonjo-Iweala’s many calls for the country to save for the rainy day are still fresh in the minds of Nigerians.

http://punchng.com/i-didnt-indict-jonathan-over-savings-statement-okonjo-iweala/



Buhari Policies Annoying And Sending Away Investors - Bloomberg

“So far the Buhari administration has done all the wrong things,” Dehn said by phone from London. “Not only has he been incredibly slow in taking any action, when he finally has taken action on the economic front it’s been diametrically opposed to sensible policy. That is a major disappointment given expectations prior to his election.”

http://www.bloomberg.com/news/articles/2015-11-26/buhari-bounce-becomes-bust-as-nigeria-policies-annoy-investors

Even if its true that the Governors did not want Jonathan to save their share. But what about Federal Govt share of the excess crude account?? Where did it disappear to Obviously the Jonathan that dashed $2.1billion cannot by any stretch of the imagination be trusted to save any money for anybody!

Loool

The flatheaded ones have come again oooo

FSBoperator:
Nonsense.


So now you admit your naira is hinged to the petrol dollar.

How does it benefit you that the FG controls all Forex. That is the question for you parasitic afonjas.

Must u insult people wen commenting. Grow up already

uboma:
lol.

most of the cattle you see roaming the country are actually owned by very top Politicians.

Same politicians that are now being arrested and charged for various crimes, let alone their cows! It is no longer business as usual

Some people are just determined to remain negative and backward in their thinking. Only interested in anything that will cause pproblems in the country.

Was Buhari the one that drafted the constitution??
Why did u not raise this issue when Jonathan who comes from one of such states was in power??
How will payment in dollars benefit u?? Is the money not still going to be converted to naira before it is spent?? Abi u want to pay workers and contractors in foreign currency?
And why should we be spend dollars when the scarcity of forex isdirectly linked to our hyperinflation??

Pls open ur brain and think before blabing!

uboma:
the cows will eventually be returned to the owners with no penalties....

Why do u say that?
Pls that era is gone

TheCable – Ngozi Okonjo-Iweala, former minister of finance, on Thursday said the zero political will to save under former President Goodluck Jonathan is responsible for the challenges the country is facing.
Speaking on “inequality, growth and resilience,” at George Washington University, the two-time finance minister said the World Bank and the International Monetary Fund (IMF) must seek means to embed savings in national constitutions devoid of political manipulations.
Okonjo-Iweala added that Nigeria was able to save $22 billion under former President Olusegun Obasanjo, which saved the country in 2008, when there was global economic meltdown.
Speaking on the Chilean saving example, Okonjo-Iweala said: “We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well.
“We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a 5 percent of GDP fiscal stimulus to the economy and we never had to come to the bank or the fund.
“This time around and this is the key now, you need not only need to have the instrument but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will.

“So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in. Along with so many other countries.”
On solving the problem of political will and political manipulations, she said: “That is the question that I ask, what do we need to do to these countries to save over a period of long accelerated growth.
“We need to devise mechanisms not just that are good technically but find a way to either embed them in the constitution or find a way to separate them from the political manipulation so that these countries can survive over time.
“To build resilience, African countries need tools, mechanisms and it is doable and we need to interrogate ourselves why we have not done it.”
She added that manufacturing was also critical to growth in Nigeria and the rest of Africa, quoting manufacturing as just 11 percent of GDP in Africa, and nine percent in Nigeria.
“I do not believe that we can be resilient, except if we can encourage manufacturing even on the goods we consume, services, entertainment industry, agriculture.
“I think these are the kinds of questions that policy makers struggle with on a daily basis and that is what we are going to answer to get resilience.
“If we don’t get these mechanisms, we politicise them, find ways to transform the base of the economy and create jobs including in manufacturing, I believe we are going to go into this looming deceleration that is being talked about.”


http://spynigeria.com/2016/08/13/jonathan-not-buhari-responsible-nigerias-current-economic-woes-dr-okonjo-iweala/

TheCable – Ngozi Okonjo-Iweala, former minister of finance, on Thursday said the zero political will to save under former President Goodluck Jonathan is responsible for the challenges the country is facing.
Speaking on “inequality, growth and resilience,” at George Washington University, the two-time finance minister said the World Bank and the International Monetary Fund (IMF) must seek means to embed savings in national constitutions devoid of political manipulations.
Okonjo-Iweala added that Nigeria was able to save $22 billion under former President Olusegun Obasanjo, which saved the country in 2008, when there was global economic meltdown.
Speaking on the Chilean saving example, Okonjo-Iweala said: “We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well.
“We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a 5 percent of GDP fiscal stimulus to the economy and we never had to come to the bank or the fund.
“This time around and this is the key now, you need not only need to have the instrument but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will.

“So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in. Along with so many other countries.”
On solving the problem of political will and political manipulations, she said: “That is the question that I ask, what do we need to do to these countries to save over a period of long accelerated growth.
“We need to devise mechanisms not just that are good technically but find a way to either embed them in the constitution or find a way to separate them from the political manipulation so that these countries can survive over time.
“To build resilience, African countries need tools, mechanisms and it is doable and we need to interrogate ourselves why we have not done it.”
She added that manufacturing was also critical to growth in Nigeria and the rest of Africa, quoting manufacturing as just 11 percent of GDP in Africa, and nine percent in Nigeria.
“I do not believe that we can be resilient, except if we can encourage manufacturing even on the goods we consume, services, entertainment industry, agriculture.
“I think these are the kinds of questions that policy makers struggle with on a daily basis and that is what we are going to answer to get resilience.
“If we don’t get these mechanisms, we politicise them, find ways to transform the base of the economy and create jobs including in manufacturing, I believe we are going to go into this looming deceleration that is being talked about.”

[s]

AmadiAba:
Where is the blunder? U think u can speak English abi? Abeg park oneside. Face the topic

[/s]

Please get out of my mention
Nobody was talking to you!

All I know is that one day Nigerians will thank Buhari. Let the less than smart ones keep hating, Nigeria is sha moving forward!

Bujumbura:
Stay on the topic. You muslim boy

Grow up child!

gidgiddy:
And he using these pictures to tell you that he is tired of using those things in the namw of Nigeria and wants to convert them to Biafra

Why tell me Na me give am license? He shld quit Nigeria then not being a greedy hypocrite!

Bujumbura:
Why are you pained? Did he mentioned Yoruba or Buhari?


The man is joining in solidarity for the released of Nnamdi Kanu

Go back to school. Your grammatic blunders are heartbreaking.

Abeg they shld reduce it ooo

coptic:
Lol. From what I have observed, the incumbent is always the most hated president in the history of Nigeria.

Gej got insults you would argue are a broken record. Buhari is fast bettering that.

The president the will receive less insults is one that has a nationalistic outlook and is diplomatic in his approach. On top of that, he has to ensure that there is no hunger in the land, there's sustainable progress, and his government should be all-inclusive.

It may look otherwise, but it does not really take too much to please Nigerians. For all the bad leaders we have had, someone who gives just enough of his everything will be considered a hero.

That's just how bad we have had it.

Nobody can match the hatred for Jonathan. We had 6yrs of absolutely nothing but massive unprecedented corruption. He was just too weak and indecisive.

But its true, the incumbent in Nigeria politics is always hated. The people praising jonathan now were the same people the called him names. Even abacha benefitted from this hate-love character of nigerians.

Justdulla:
For now its definitely GEJ.... why? well cos he was kinda weak and his wife was too overbearing... Then the massive corruption... But future will tell. But left for me, my most hated president is President Ibrahim Babangida, that man was a very messed up corrupt individual, he sold Nigeria out to western powers.

Well said...honest appraisal.

Celebration of mediocrity, cluelessness and greed!

GEJ remains an ineffectual buffoon!

Pathetic!

Check his drivers license, passport, house address, business address, school address, food he eats, water he drinks, infact air he breathes....all are NIGERIAN!

Very good for her

Captainbells:
Thieves
With all the money they stole and are still stealing they don't look any better than the average Nigerian..
See their dad's face looking like an unfortunate mistake

Pray that God should bless u with a thousandth of igbinedion's achievements. Instead of hatred and envy.

Get off the internet and go apply physically. Many people rely on internet application which sometimes get ignored by employers. So go to that factory or office u are interested in. Physical presence trumps internet gibberish.

Plus when u are there physically u can roll and grovel on the floor till they answer u.

Everything in nigeria is now "witchhunt". Once anybody is caught stealing or engaging in anything illegal, the next thing is to cry witchhunt.

Smh

[s]

NgcoboP:
hoping to catch you in Rivers state... rig and roast

[/s]

Nobody is rigging anything. Now run back to bed!

zeribe4real:
I pray 4 d downfall of APC, bc itz foundation was built on falsehood n pretence

Prayer return to sender!

Wike always at the center of formenting trouble since day 1. I dont blame you. I blame the odilis that put u there

Op thanks!

chimah3:
Ehyaaaa!!!


Who covered your eyes like this!??

I pray u see the light one day bro!!

Ur d one living in darkness

Kfed4ril:
Oga go play for gutter.
You just had to display the very attitude I don't like about catholic.

Then what are u doing on this thread Oya run along!