₦airaland Forum

Don't tell this to an mfm member

fratermathy:
Thank you for the commendation. May God bless you too.

op, good write up. Personally I believe the problem is beyond the Urhobo language. To me, the Urhobos are not an organized group and lack a rich history that they can identify with. I say so because I grew up in a an Urhobo town and when I left to school in Benin I could notice the difference. While one has a rich cultural identity which is evident from their art, folklores and behaviour the other was flat and only identifiable by it's language. It is therefore easy for an Urhobo man to drop his language and not feel lost. The Urhobos will most definitely be consumed by superior culture, it is already happening

maestro299:
The wife na Uniben lecturer? Which dept?

dentistry

This man go win this thing o. So my lecturer for uniben that year, the pretty and swagged up Dr mrs Ize-Iyamu go turn first lady

She's straffing the govnor and is either rubbing juju in her womanliness(Seun's word) or she's blessed with d sweetest kpekus ever

Lie lie army

Sahara again

But the mmm people pay their money thru banks na

Ok

Oshobaba go piss for body when he hears this one

GoldenJAT:
that was certainly a typographical error!ur shallow mind sure knows that,but wont admit!

you must be an APC member. Always have an excuse or lie to come up with when they goof

GoldenJAT:
keep quite and learn!

learn from you who spells quiet as quite?

Recession: is a word (Kemi Adeosun's definition)

4Play:
This view is popular but quite naive. Most of the drop in oil price occured in the second and first halves of 2014 and 2015 respectively. Most Nigerians will tell you that whilst things were hard then, they have gotten significantly worse today. GDP growth was 3.86% in the first quarter of 2015 (when oil prices had falled 50%) but -0.36% in the first quarter of 2016.

This suggests that the factors explaining the recent plunge in growth are not simply oil related. Nigeria is not the only commodity dependent state in the world (almost all African countries are). But with the exception of countries like Venezuela, which in any case was in recession as far back as 2013, Nigeria stands apart in the speed with which its currency and economy has collapsed.

Another thing I have noticed is the way people conflate the fall in oil prices with the government's spending power. The government depends on oil for 60-70% of its income - a 50% fall in oil prices will equate to 30-35% drop in oil dollar income. But here is what people forget - the Nigerian government's spending is largely on recurrent expenditure and is largely naira denominated and should not be dramatically affected by a loss of dollar income. I will use a much simplified example for illustration:

Supposing the government has oil revenues of $30bn from oil prices of $100 p/b - at N160 to $1, this will equate to N4.8 trillion. If oil prices fall to $40 p/b but the naira depreciates to N400 to $1 - assuming oil revenues of $12bn (i.e., 40% of $30bn), the domestic spending power will be N4.8 trillion. Of course, inflation erodes the actual purchasing power of money but most government spending going back to the GEJ era has been on recurrent expenditure - things like wages and debt servicing - which are largely unaffected by inflation. This government didn't help matters also by fixing the exchange rate but this is self-inflicted misery.

Remember also that the government's budget this year is the largest in Naira terms, fuelled by borrowing. We are also led to believe that the previous government was stealing with reckless abandon which is no longer the case today. All these should have cushioned the effect of the fall in dollar income.

The reality is that those who just mouth off about the government's income falling by 60% are being disingenous.

The bolded has been my point for a long time, bros ur overall comment is so on point

Igboid:
You were well and roundly educated on that thread by SEners and even an Aboh man that was invited to that thread.

So, after these years, you are yet to repent?

after these years I'm still who I am; an Aboh man

clefstone:
www.nairaland.com/1362294/abohs-delta-state-not-igbos

the above is my opinion as a 'delta igbo' man

This can cause lynching in this period of ''the just a word'' recession

Pierocash:
no one is holding any charge against her for nt declaring evn tho she ought av done that cos d Yaraduas did.bt she is only been asked to go explain hw she got such huge fund without any knwn business.d op complained of buratai whc ws y i said Buratai declared his' so what is point.
PDP alwys crying wolf evn whn they r guilty

Was Buratai asked how he got the money to buy his dubai mansions

Pierocash:
this OP needs brain transplant in order to reason fine.let madam Peshe go defend herself and prove her innocence.
Buratai's asset were properly declared

PEJ isn't a public servant and doesn't need to declare her asset. OP made a very valid and intelligent submission

A public servant that should be encouraging Nigerians to patronize Inoson is here giving them public bashing. This guy deserve d sack

Picture or wedonbelivit

I love this woman. She reps africa in her dressing and accent

Na rubber rubber full there

The coming of the foreign terrorists coinciding with the election of an ethnoreligious bigot into office begs a lot of questions

Does Buhari have any idea on how to govern this country?

Good development

annunaki2:
Are you this ignorant or you just enjoy fooling yourself

that's rude

apc doing things d pdp way these days

What is the value of that N35bn today?

Oshiomhole is scared shit

Na this one gang rape that girl wey rant during d last kogi election?