₦airaland Forum

This election is heading to a run-off;Nigerians should get ready for elections in another 7 days. I don't think Buhari will meet the 25% in 2/3 of the sates lost. That automatically calls for a run-off.

it's same thing I've been telling people. He favoured them by focusing more on their region and unfortunately,made it look like He didn't work cos the south weren't really seeing what He was doing. Unfortunately,they didn't pay him back at the polls. If He wins,I'd just advice him to focus on the south-south,south-east,middle-belt and south-west. That should be enough to balance all regions.

Na wa ooo. Which kind death be this? On a second thought,how would I run away from a challenge from a rival suitor? Except he is heavily armed with a gun or something,before such can happen. But run away from a guy holding a knife,matchet or plank? That shit aint happening. As a matter of fact,that's the instrument I'd use in sending him back to his creator. RIP to the dead man though.

The reciepts hasn't proven anything. Has DAAR COMMS not been handling media coverage on behalf of the federal govt for broadcasts on several programmes and events? If it's a case of money laundering,give us specific details. There is no law stopping the FG from doing biz with a private tv station. Tell us the facts surrounding this reciepts and we'd all take it up from there. These pics haven't proven anything. Be careful not to put yourself in trouble and also allow innocent people lose their jobs.

OP: I'm sorry to say but you are abig dunce! If anybody is rigging in Lagos,it is APC. At least I can confirm on good authority what's happening in my LGA where the chairman and inec officials were busy distributing cash and voters cards to people in the chairman's ward,to vote for APC. In my ward,it was operation thumb and show your ballot paper before you drop it in the box. People who voted APC kept folding the ballot papers in a way that reveals that they voted APC,before dropping it into the ballot box. No APC big wig has been arrested in Lagos. Keep decieving yourself.

I've said it before and I'd say it again. No matter how free and fair the election is,Buhari can never win in Edo state. That's where I come from. Anybody expecting Buhari to win there needs to take his or her brain to a mechanic for repairs. It's just like expecting Jonathan to win in Sokoto;never will it happen.

But somewhere in Africa(Nigeria to be specific),some idiots will have sex without protection,get pregnant,deliver the baby and throw the baby into a refuse dump site,or all together,kill the baby. Some animals are better than some humans. #fact.

Meanwhile,they APC lga chairman of egbe-idimu lga and the inec officers there,had a filled day rigging for the APC. The chairman himself was busy sharing cash while the inec woman sent there,was busy handing out cards to people to vote. As a matter of fact,most lga in lagos were rigged by APC. In my ward,the norm was for voters to fold the ballot papers into 2 and allow the side that shows they thumb printed for APC,to show to the party agents and other voters on queue,before dropping it into the box. The police officers there just sat down there eating buns. At a point I had to shout at one of them to go and handle a quarrel going on between PDP and APC party agents before it escalates and he kept feigning ignorance about knowing what was happening. He was busy telling me He doesn't understand what I'm saying;dude refused to move. At that point,it became clear to some of us on the queue,that it was a well organized plan.

Jega has only succeeded in messing himself up and this election. I hope both parties would accept whatever result comes out. From the look of things,this election would end up in court.

My polling cetre is free from chaos. Accreditation was done in less than 5mins for me. No crows there. Going back to vote by 1pm.

Yes,they have shale oil. Pls research on these things yourself.

angelsing:
Am not talking about Oil they have saved for rainy days and not oil generated by other means, I mean like crude oil which can exported and Sold to other countries...So when he said they have oil he made it look like they have oil like oil producing country and market it too...I know the oil America has in reserve can serve them for the next 100yrs..I know America has find other minds to produce oil rather than continue to import crude oil.

When will Nigerian girls learn to stop dating miscreants? Especially the popular ones who call themselves artistes? Y'all should learn how to move with responsible people.

About a year or two ago,after studying and doing a research of how the US funded the Taliban rebels against the Afghan government and the Russian forces,I wrote an article here. In the course of studying how America created the monster Osama bin laden,I came across an article by a whistle blower,which centred on the main reasons why the US africom command was being set up in africa. The article from the whistle blower,had indicted the US on possible involvement in the boko haram issue.

When I wrote and published the article,a few nairalanders asked if I was posting with a secure VPN. Someone talked about how a whistle blower mysteriously disappeared in her area,for writing such. Unfortunately,the nairaland thread got lost during the time it was hacked.

One thing I'd love to believe is that America might have a hand in this boko haram issue.

I was about asking this same question. Truth is,most APC supporters are drop dead stupid.

taharqa:
Some of you APC clowns are really DUMB and disgusting, I swear. You chaps would align with the Devil himself if he offers, even momentarily, opposition to GEJ.

Was it not the same Deby of Chad that was the main instigator of the botched Amnesty move for BH late last year?? Was he not the one who hosted the sandals?? Was it not the Ministry of Foreign Affairs of Chad that was releasing statements then assuring every person in the world (mouth-in-check) about the "sincerity" of BH negotiators when some people started to doubt the whole thing?? Now, the same person is singing a different song, in stead of you to use your head and find out the ulterior motives of all the shenanigans, you are playing politics against your own country and foooling yourself in a public forum.

God would NEVER let APC succeed in this country. I think he loves this country too much for that to happen

Yes,America has oil. Their oil reserves is more than ours. Their's is called shale oil,and it's currently cheaper than crude oil. They have actually cut down their oil imports from around the world,and have stopped buying Nigeria's crude oil. The production of shale oil in America,has affected the price of crude oil in the international market. Hence,the drop in price of a barrel of crude oil. Saudi Arabia,a member of OPEC,aint even helping matters by increasing pump output. This altogether makes the supply of crude in the market excess as compared to demand. Member countries of Opec,have been calling for a reduction in barrels produced daily so as to stabilize price but the Saudi's aren't in support of it. There's a lot of politicking going on in the oil market. If the price of oil would go up,Nigeria would be used as a scapegoat in achieving that. If Buhari wins and the militants decide to shut down oil production,price of a barrel of oil is definitely going to climb up back. It's an indirect way of cutting output from Opec. The election in Nigeria this year,is important to the international world. A post election crisis that affects our oil output,would be of immense benefit to other countries.

angelsing:
This is Classic!...Never knew America has Oil oo....Hahahahahah...Guy kwantinue..No point arguing with u again oo...lol

It's less than 24hrs to the day we've been waiting for. Kindly support GEJ by making his picture your display picture on bbm,whatsapp,twitter,facebook,nairaland,etc. Choose whatever quote or status you feel like. Mine is "my thumb for you tomorrow. No time for violence or to make noise;win or lose,I'm down with you". Run it with the harsh tag #TeamGEJ.

I'd be going out to vote for president GEJ. Even if APC brings up fire from hell,it won't stop me from voting GEJ. Got my PVC very early for this.

God bless Gej,the NA and Nigerians in general.

Great. God bless GEJ and the NA. God bless Nigerians in general.

I've said it before and I'd say it again. The current generation of Nigerians,are the ones that would finally destroy this country if we're not careful.

Good

God bless mr president. I'm voting for you tomorrow.

Sometimes when most people talk about the SAP and IMF policies as somewhat devilish,I justa laugh. What is a SAP supposed to do? SAPs are supposed to allow the economies of the developing countries to become more market oriented. This then forces them to concentrate more on trade and production so it can boost their economy. Through conditions, SAPs generally implement "free market" programs and policy. These programs include internal changes (notably privatization and deregulation) as well as external ones, especially the reduction of trade barriers. Countries are expected to fashion out a way to tweak this program to suit their respective economies. Malaysia,Singapore,Thailand,Taiwan,South Korea,etc are some of the countries that have used this program and it has helped their economies. Today,we have all manner of goods being manufactured in these countries and sold around the world. Nigeria's own did not work due to corruption;not because it was largely a bad program.

On the issue of recurrent expenditure and the legislative,I was hammering on what the govt spends on its officials. Try and peruse any copy of our budget and you'd find out we're wasting so much on the legislative arm of govt. Yes,I think something needs to be done about the presidential fleet of aircrafts but the truth is,I do not know much about that. Maybe I have to do a lil research on it,for me to be able to talk on that.

VolvoS60:
^^^^
The first 4 lines of your post above shows the sequence for logical, rational, scientific behaviour in problem solving. The 4th and 5th lines also shows the modesty that comes with realizing one's limits in a subject area in which one has not acquired extensive training or experience. Almost perfect. The only thing missing is the healthy skepticism that should accompany your scrutiny of policy and those who execute it. Which is why the bolded part of the last line in your post is so alarming.

There is a Russian phrase which gained prominence during the Cold War: "Doveryay, no proveryay". Trust but verify. I urge you to apply this expression in your assessment of the Honourable Minister and the work she does. The track record of Nigerian technocrats and policy chiefs should have purged every adult Nigerian of the kind of faith you have in Mrs Okonjo Iweala. I crossed the line from healthy skepticism to cynicism a long time ago and I have no regrets. None.





^^^^

Again sir, you exhibit your almost religious faith in those who purport to decide on our behalf. Several posters have already warned of the long term consequences of external debt servicing on this economy. Their words are not empty hyperbole or conjecture. Ask those who had already come of age during the early to mid 80s - debt service repayments, IMF conditionalities and Structural Adjustment Policy requirements hollowed out this economy in ways that it still has not recovered from, almost 3 decades later. I can still remember the currency devaluation of the mid 1980s which heralded the Structural Adjustment Programme - a policy action forced by Nigeria's creditors because of Nigeria's external debt profile. Are we ready to go back there again?

No loan can save the Naira now - it is too late. The next devaluation is only a matter of time.





^^^^
Your first point sir, about legislative approval being a requirement for scaling recurrent expenditure up (or down) is news to me. Which part of recurrent expenditure? Does the National Assembly need to sit before it is clear that a presidential fleet of almost 10 aircraft is unconscionable? The federal government recently announced some cost cutting austerity measures. As far as I am aware, lawmakers had no role to play in that decision. So which constitutional powers are you talking about?

I do agree with you though, that Nigerians have not held their lawmakers to the standards they should be held to. And Nigerians have no one but themselves to blame for that.

My major focus when I put out those figures,was to point most people to the difference in the reserves of these nations viz-a-viz their debt profile and compare with what we have in Nigeria. Your analysis about the U.S debt and how they can,simply means you do not know much about what's happening with the U.S now. For the U.S to get money into the system,they have to go into more debt and this is a continuos system. They keep borrowing from the federal reserves and guess what? For every debt the U.S sinks into,they're indirectly dragging the whole world with them. The amount of dollar in circulation worldwide,is nowhere near the amount of dollars the U.S owes. Secondly,the U.S govt can't go about printing dollars to pay off their debt cos they do not own it. The federal reserves own it and for any amount of money to be released to the govt,they have to borrow it.

I understand your fears about Nigeria going the way of Greece or Argentina but if you read my post,you'd notice where I said that "the fact that we have a low debt ratio doesn't mean we should keep borrowing". My arguement with most people here is that,there is no nation that doesn't have a debt profile(be it internal or external). This is basic economics. We shouldn't try to blow issues out of proportion. External debt when Obasanjo left was 3.5 bn dollars and this was owed by the FG alone. Today,it is around 9bn dollars with the FG owing around 6bn. This means that from that period till now,the FG has only added roughly 3bn dollars to its external debt in 8 yrs. I do not think this is totally a very poor record if you ask me.

People keep complaining about how our reserves have dipped from what Obasanjo left,forgetting that there was a global recession in 2008 and the crisis affected Nigeria also.
The exchange rate has been volatile since the crisis ensued. The official exchange rate showed that the Naira depreciated against the dollar by 25.6 percent (highest depreciation recorded since 2000 till date) between 2008 and 2009,reflecting the demand pressure relative to supply with implications for the foreign reserve. Nigeria’s External Reserves which was strong before the time of crisis dropped from 62 billion in mid-2008 to 42.4 billion in 2009 and 32.3 billion in 2010.

It is to this end,that I sometimes marvel at the way we approach issues in this country and apportion blames on individuals. In all of these NOI wasn't yet a finance minister as at that time. Shamsuddeen Usman from the Yar'adua govt was our finance minister as at that time.

SIRTee15:
the ability to service a debt is the single most important factor to consider when borrowing.
@ chronique is either dishonest or ignorant when he made attempt to compare the debt of an industrial nation to that of a third world.
yes, countries like us, japan, uk have a high debt-gdp ratio, but they have the means to service their debt and thats what matters.
this countries can do so because they service their debt using their respective local currency e.g America service its debt in dollars, japan owe its debt in yen.
the advantage in this is that they can print more money to pay off their debt if need be. America has been doing this for some time now and that's why nations are worried about dollar remaining the global currency.
besides, industrial nations are mostly productive with a highly diversified economy.
thus they will always be revenue in the government coffers.
Now it's a whole different ball game for developing or emerging economies.
this countries borrow in dollars and are expected to pay back in dollars, a currency they have no control over.
unlike America that prints dollar at will, these countries need to earn every single dollar by exporting either a product or service. Inability to do so simply means they are at the mercies of their debtors.
most developing nations are mono-economy with weak infrastructures, thus revenue is limited.
Therefore ability to service their debts quickly becomes an issue anytime there is an economic crisis, unlike what obtains in developed nations.
Japan has been battling economic depression since 2000 while US has seen a weak growth over the past 8 years, yet none have defaulted on their loan servicing. But take a look at greece n u can appreciate what I ve been saying.
nigeria story will be more like greece or ghana or argentina when world bank comes calling.

It's fraud. All they need from you is the 25,000 lot fee. By the time they get that from many gullible folks,they'd have achieved their aim. Stay away from it.

OACKLAND:
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I don't want to be scammed, I'm jex about buying a 2001 Toyota sienna for #350,000. does this sound ridiculous?
I don't have any means of verifying the order. it's a pay on delivery bargain. but adewole Johnson, the seller says I have to pay #25,000 into his account for L. O. T ., A government sticker. please does this sound real at all?
he sent me this as his address

Adewole Johnson 09030340608. Address 3 floor,GDNL administrative Building Terminal E,shed 20 NPA Apapa Wharf Complex Apapa Lagos

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