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Nairaland Forum / Cramzy's Profile / Cramzy's Posts
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Politics / Re: Governor Zulum Donates House, N20M To Late Col. D.C. Bako’s Wife, Children by Cramzy: 4:59pm On Sep 22, 2020 |
This man is one of the best Northern Governor in Nigeria presently. 37 Likes 2 Shares |
Crime / Re: Car Snatchers Arrested In Lagos After Stabbing Uber Driver, Snatched His Car (vi by Cramzy: 4:57pm On Sep 22, 2020 |
Lalacious123:Dull thief, stealing a vehicle with tracking device without even thinking of it. When God wants to expose u, he makes u forget about the simple precaution that can lead to your demise. SAY NO TO CRIME. |
Business / Re: Usdt100 Needed Asap by Cramzy: 4:53pm On Sep 22, 2020 |
Deji1510: $100 what? Bitcoin, PayPal, Payoneer, dollar in your Domiciliary account or physical dollar note? |
Business / Re: Usdt100 Needed Asap by Cramzy: 4:53pm On Sep 22, 2020 |
Politics / Re: Edo Election: Oshiomhole Taunted After Loss (Photos) by Cramzy: 10:41am On Sep 21, 2020 |
Itohanmiwa: Exactly my thoughts. If we continue with this Momentum, Nigeria can get rid of all these old recycled selfish leaders |
Business / Re: ➜ ➜ ➜Currency/E-currency Market Deals 2020 ➜ ➜ ➜ by Cramzy: 10:03am On Sep 21, 2020 |
Eglobalma: Dominique |
Politics / Re: Even If Obaseki Wins This Election ... APC Will Use Imo State Formula (Opinion) by Cramzy: 1:31pm On Sep 20, 2020 |
Fingertea: Thread carefully. |
Business / Re: I recently applied for a loan online and got credited!!! by Cramzy: 12:47pm On Sep 20, 2020 |
@ OP, u opened a thread to praise a loan platform that was able to give u a loan successfully without even mentioning the name of the platform. Or u want people to chat u up privately to get the name? Let me not say what is on my mind until i see your reply. |
Politics / Re: Do Not Declare Edo Election Inconclusive- Governor Wike Warns INEC by Cramzy: 9:15am On Sep 20, 2020 |
baliyubla:How old do u think the Pastor will be by that time? |
Business / Re: DEAL CANCELLED by Cramzy: 7:00pm On Sep 19, 2020 |
StrafordSTONES:Alright bro. Safe trade. |
Business / Re: DEAL CANCELLED by Cramzy: 2:03pm On Sep 19, 2020 |
StrafordSTONES: If u want black market rate then go to Ecurrency thread here on Nairaland and u will see alot of sellers looking for buyer. And always insist on using escrow to avoid been scammed. |
Business / Re: DEAL CANCELLED by Cramzy: 12:45pm On Sep 19, 2020 |
StrafordSTONES: If u are not buying from anyone here. Why not buy from localbitcoins or Paxful or Luno or Remitano or Instantgold, etc. There are plenty legit websites that sells btc that slot of people use daily. It doesn't take more than 2hours for anyone that truly wants to buy btc to get becos btc is one of the easiest coins these days to buy. If u wish to buy here on Nairaland, don't hope for anyone to send btc to u first. Use wese90 as Escrow. He's like one of the most popular Escrow here on Nairaland for Ecurrency trades. These are the things u should do as someone that is seriously in need of btc. |
Career / Re: What Was The Amount Of Your First Salary? by Cramzy: 8:16pm On Sep 17, 2020 |
5k, 2003. At a supermarket back then. Thank God for his Grace now. |
Business / Re: How A South African Built Million Dollar Medical Cannabis Business In Africa by Cramzy: 7:00pm On Sep 17, 2020 |
Nigeria will never allow this cos they only think about the negative part of everything. |
Business / Re: ➜ ➜ ➜Currency/E-currency Market Deals 2020 ➜ ➜ ➜ by Cramzy: 6:50pm On Sep 17, 2020 |
jamebex: $48 PayPal sold to this man yesterday, and he's came through. Very legit. Sorry, the quote is coming late. Keep it up. |
Business / Re: The Billionaire Who Wanted To Die Broke Is Now Officially Broke by Cramzy: 2:26pm On Sep 17, 2020 |
Mcreloaded:Mistake. Edited 1 Like |
Business / Re: The Billionaire Who Wanted To Die Broke Is Now Officially Broke by Cramzy: 1:38pm On Sep 17, 2020 |
Lexzai:Nigeria billionaires and Politician will rather die with all the money they have |
Crime / Re: Family Demands Justice For Osun Youth Chased To Death by Cramzy: 1:18pm On Sep 17, 2020 |
You won't get justice when the Nigeria Police is involved |
Politics / Fuel: The Day Of Reckoning Is Here by Cramzy: 9:10am On Sep 17, 2020 |
IT is a factual error to conflate the subsidy uprising of 2012 and the crisis of 2020. True, both speak to a national emergency, but the circumstances are starkly dissimilar. Nigerians that marched across the nation in the harmattan-scorched January of 2012 were actually protesting a touted rising economic tide that didn’t in any way raise their individual boats. Rather, what they saw was an emergent tribe of free-loaders fattening on petrol subsidies. Then Senator Bukola Saraki had blown the whistle: billions of naira budgeted as petrol subsidy originally were ballooning into trillions. And the beneficiaries were mostly campaign donors to the ruling party in the 2011 polls in the most audacious sort of political incest. Just a teaser of the profligacy and squandermania that had seized the land then: the Excess Crude Account, ECA, with $22bn bequeathed by Umaru Yar’Adua in May 2010 had been decimated to $4bn by the turn of 2010. The people saw briefcase buccaneers without recognisable addresses receiving fat concessions to import fuel while established oil majors with known massive storage facilities got far less. Very little, if anything at all, was imported eventually. While the nation’s treasury was being bled to death. It is, therefore, a misreading to assume that what drove people to anger then should also be leading them to street protests today. What then seems confounding to many naysayers gifted at imagining the worst possible scenario in the circumstance, is why Nigerians didn’t pour unto the streets in droves spontaneously in anger like 2012 immediately the fuel stations jerked up petrol’s price this time. Provocative enough, the hike came at the same time as the increase in electricity tariffs. Painful as the twin-blows might feel, most Nigerians appear to have chosen not to live in denial. Those circumspect enough have surely realized we have arrived at a defining maelstrom – that point when a cataclysmic occurrence alters the course of history forever. One, it should be noted that President Muhammadu Buhari, by personal philosophy and instinct, will ordinarily side with the poor. For the ascetic from Katsina, it is always a thing of pride to be labeled the champion of the poor and the vulnerable. But the dire economic reality of the moment obviously leaves him with little or no option. Indeed, the world economy we once knew before March this year has been severely disrupted by COVID-19, displacing even the most affluent. Almost all the big economies around the world have officially declared recession. Even a “nanny state” like oil-rich Saudi Arabia has since cut down sundry subsidies, doubled VAT and stopped monthly cash handouts to citizens, to stay afloat. Elsewhere in the US, according to a CNN survey, no fewer than 40 million mortgage-owners in the acclaimed “God’s own country” were facing eviction by the end of August over back pay. Now, back at home, our revenue and forex earnings fell by 60 percent in the first half assessment of Year 2020 on account of COVID-19 pandemic. Contrary to even the modest growth earlier projected for Year 2020 barely a year after exiting the recession inflicted by the steep crash in commodity prices in 2014/2015, our economy has instead suffered a contraction of more than six percent in the first half of the year on account of the a total shutdown of the economy for four months, with expected foreign inflow shrinking by about 78 percent. True, disruption is a given in world economic climate almost every decade. For instance, the prime mortgage crisis birthed the tsunami of 2008/2009, with the attendant dislocation of big businesses and national economies across the universe. If the impact was benign for us in Nigeria then, it was largely because of combined foreign reserves of over $60bn. Aside from the foreign reserve of $46bn, there was ECA in excess of $20bn. Of course, this offered a robust buffer for government then to navigate the turbulence with little inconvenience. In 2015, the ECA the Buhari administration inherited was $2bn. Even at that, $1b had to be set aside to procure military hardware and software to strengthen the nation’s push against a decade-old insurgency in the North-East. If the 2015 situation was lean, the condition of 2020 is, therefore, better imagined with practically nothing left in ECA to allow the administration any flexibility in responding to the COVID-19 emergency. Against this backcloth, it is clear that the ordinarily populist advocacy for a policy option mindful of social protection is simply no longer feasible in the face of sparse reserve. Whether we want to admit or not, the truth is that the day of reckoning is finally here for us to atone for past iniquities in a way that will reset the nation to a more sustainable path henceforth. https://www.vanguardngr.com/2020/09/fuel-the-day-of-reckoning-is-here/
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