₦airaland Forum

What i know is that three years is still enough for them to turn everything around for good. We are watching

Gpdwise:
u didn't read the post. wise nairalander and if you did u won't be so myopic with your word. so drawing people mind toward the fact that there mobile phone has becoming a god now makes me an ignorant person

yea, you people are always fast to mention 666, same way you people called BVN 666 too. Enjoy everything and dont mix science with religion. Bless you.

What do you expect after settling your Boko Haram foot soldiers and Sending out the Fulani warriors to other regions.

Ignorance is Venomous, it murders the soul

And the ear is still not funtioning to full capacity like our refineries

Uncletony:
And why is fayose a bad person?! Did he snatch ur bae?

answer that

Aufbauh:
"Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity"- Martin Luther King
Fayose refused to learn that the more he let himself go, the less others let him go.
Olofofo Governor

we know Fayose is a bad person, but does that stop you from reading the post. Instead you brought a Martin Luther King wisdom quote.

They are busy collecting their #50, so they don't have time for you.

Amaru Shakur, the next big thing after The Notorious BIG

Hahahaha. See as you dey dash them millions of dollars.

Ok

siraj1402:
Why we have recession:
* Tompolo was paid 13Billion
* Ex-CDS,Alex Badeh dug a pit toilet to hide $32m
* Patience Jonathan is claiming $31m,she has sued the Nigerian state
* Femi Fani-Kayode took 740M
* Dasuki used trucks to load over $35B from the CBN
* Olisa Metuh took 400M
* Aziboala,GEJ's cousin took 6B naira
* Nenadi Usman took 3.5B naira
* Fayose took 3B naira
* Obanikoro took 4Billion naira
* Olu Falae took 100M naira
* Tony Anenih-400M naira
* Oritsejafor-$35M
* Former Air Chief Amosu-2Billion naira
* Lucky Igbinedion-16B naira
*Bode-George and Dabo-100B naira
* Jolly Nyame-2.4B naira
* Joshua Dariye-700M naira
*Nyesom Wike stole #4b
* Diezzani nko with $20 billion missing oil money?
15 billon dollars missing from arms fund,
10 billion naria, converted to dollars and given as gift to delegstes of PDP Nation convention, Bafarawa collected 3 billion for spiritual purposes ,
12. 7 billon naria for deceased NEPA staff grow winds and disappeared,
20 billion dollars missing from NNPC accounts,
23 billon naira as bribe to INEC staffs to rig the general election, the list is endless. They only left what they cant carry or unable to lay their hands on..The list continues..
Recession didn't just happen, people stole it into happening....
Now HEAR THE THIEVES
1- I acted based on Jonathan instruction- Dasuki
2- I didn't give order- Jonathan
3- I collected 350M from Dasuki for consultation- Iyorchia Ayu
4- I only collected $30,000 from Dasuki not N100m- Bode George
5-I got N4.6b from Dasuki for spiritual purposes- Bafarawa
6-I got N650M from Dasuki for my Abuja burnt office- Thisday Obaigbena.
7-I got N2.1b from Dasuki for publicity- Dokpesi
8- I got another N100m from Yuguda he didn't tell me from where- Bafarawa
9- I gave N100m each to Odili, Jim Nwobodo Bode George and others- Yuguda
10- The president asked me to change N10B to foreign currency for PDP delegates- Dasuki
11- My boss asked me to get $11M from the CBN- Dasuki account officer.
12- I got order from above to pay Tompolo N13B for Maritime university land.- Nimasa DG.
13- 950m was shared in my house-- shekarau
With all this looting and many more revealed some people are still shouting no sign of change yet, they even say it's political persecution.
But I believe, it is the right thing to do.
If you believe too, enlighten other people to garner more support for the fight against corruption and looting in our nation. There must be consequence for crime otherwise Nigeria will not develop.

They have programmed this one to spam everywhere.

Good. Let them arrange Night school for Buhari

That's kwaruption

The offeror is meeting with the offeree

Will he keep buying it every day? Stupid set of Jokers.

The rent boys are having a bad day

Nothing else can kill me as a united fan, since I survived the Moyes and LVG era

Snake thread, oya ni front page. The gods don decorate this one with snake laurel

What do you expect from someone that has a NEPA bill as certificate

Konji is a bastard

Good for her.
Her Barcelona is playing well while her Chelsea is struggling.

adekayo1234:
lol... That guy no be human being at all.... Big boss I hail o

hahaha. No boss in this Recession, Buhari is our Boss, go and hail him in Aso Rock

adekayo1234:
This space is not for sale

That first picture should be Wale computer. The guy has a talent in dusting Teacher's cane.

Glory glory manchester United

Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.
Libya’s state oil company on Wednesday lifted curbs on crude sales from the ports of Ras Lanuf, Es Sider and Zueitina, potentially unlocking 300,000 barrels a day of supply. In Nigeria, Exxon Mobil Corp. was said to be ready to resume shipments of Qua Iboe crude, the country’s biggest export grade, which averaged about 340,000 barrels a day in shipments last year, according to Bloomberg estimates. On top of that, a second Nigerian grade operated by Royal Dutch Shell Plc is scheduled to restart about 200,000 barrels a day of flow within days.
Get our markets daily newsletter.
While there are reasons to be cautious about whether the barrels will actually flow as anticipated, a resumption of those supplies — more than 800,000 barrels a day in all — could more than triple the global surplus that has kept prices at less than half their levels in 2014. It would also come just as members of the Organization of Petroleum Exporting Countries and Russia are set to meet in Algiers later this month to discuss a possible output freeze to steady world oil markets.
“If you have some restart of Nigeria and some restart of Libya, then the rebalancing gets pushed even further out,” Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, told Bloomberg by phone. “It complicates matters a lot before the meeting in Algeria.”
With a few exceptions, crude in New York and London has been stuck below $50 a barrel for months. The current global oil oversupply is about 370,000 barrels a day, according to data from the Paris-based International Energy Agency.
The resumption of shipments from the three Libyan ports would allow Libya to double crude output to 600,000 barrels a day within four weeks, National Oil Corp. Chairman Mustafa Sanalla said Tuesday in a statement on the company’s website.
The exports are possible after a substantial improvement in the security situation there, he said Wednesday in a separate statement. The Tripoli-based NOC lifted a measure called force majeure, which gives the company the right not to meet supply commitments.
Libya has made at least half a dozen failed pledges to restart shipments. What may be different this time is that the NOC has struck a deal with Khalifa Haftar, commander of forces who took control of Es Sider and Ras Lanuf. He also has control of the oil fields and pipelines that feed them.
Meanwhile Exxon has filled storage facilities at its Qua Iboe export terminal in Nigeria and is awaiting government clearance to resume shipments, a person familiar with the matter said Wednesday. Exxon declined to provide a timeline for a restart and said that a force majeure, in place since July, still stands.
In Nigeria, militant groups have repeatedly attacked oil infrastructure this year, making any resumption of flow reliant on pipeline and export terminals being secure from further incidents. Qua Iboe has been under force majeure since a “third-party impact” on a pipeline in July, according to Exxon.
“If it’s true, it’s another downward pressure for the markets because that would be a large amount to return to the market,” Thomas Pugh, commodities economist at Capital Economics, said by phone, adding that he doubts the resumptions will materialize given the situations in both countries.

http://leadership.ng/business/550620/global-oil-glut-set-to-worsen-as-nigeria-libya-fields-restart

Government of the jokers by the jokers and for the jokers

Hahaha. This one is a joker

Only one word. 'Recession'. We will create 3 million jobs every year, yet people keep losing their Jobs.

APC, i'm not understanding this hardship again

jagugu88li:
What about them?

they need prayer too

The immediate past President of the Nigerian Statistical Association, NSA, Dr. Mohammed Tumala, has blamed the current economic crisis in the country on poor planning and inefficient management of national resources by the three tiers of government over the past decades.
The statistician, who said this in an exclusive interview with National Mirror explained that rather than make adequate provision to mitigate recession circles associated with the global commodities market in the past, available resources at the disposal of governments were frittered carelessly.
According to him, the country failed to take advantage of the years of surplus to build up buffers. He explained: “Let me tell you a story of my village. There are no economists there but I saw as a child that because this village was on the fringes of the Sahara desert they have been hit by drought in a circle of 7-12 years. So what they did is that during years of good rain, there is good harvest, they store, they = don’t consume all the harvest so that they have something to fall back on.
“That is exactly what we refused to do in Nigeria. However, between 2011 and 2013, Nigeria earned the highest in terms of crude prices. But that is the period also that we borrowed so much,” Tumala said.
The NSA helmsman noted that the political leadership needed to make tough choices due to the peculiarity of the country’s situation, especially in the face of Nigeria’s huge dependence on import to meet domestic demand for goods and services.
“Usually, when recession comes people don’t have money so they don’t buy things therefore prices go down and interest rates will go down. What the government needs to do to bring the economy back is to make more money available by lending money to people on low interest rate.
“Now, here we are, there is no money to spend, inflation is going up because we are import dependent; our interest rate are high. So if you push so much money into the system, inflation will go up because you have so much money chasing too few goods and service.
“If most of the things you are consuming in your country is imported , you don’t control the price; you don’t get anything from it. And if your major income for foreign currency is one item (crude oil) which you do not have control over its price, you also cannot control your own income. So it’s a bit difficult! You are just helpless that is what it means”, Tumala added.

http://nationalmirroronline.net/new/poor-planning-cause-of-nigerias-economic-recession-tumala/