₦airaland Forum

ddami:
DON'T CRY,, WE ARE BOTH STABLE..
http://www.aljazeera.com/programmes/countingthecost/2015/03/south-africa-economy-threat-150307081926174.html GO SOLVE YOUR OWN ISSUES BOOBOO..
you are making me do stuffs I don't do,,, posting links about others people's business... BUT you really need to know about your own problems

I repeat:

DieVluit:
You know ZERO about ratings. There are three rating agencies. You are below junk and are negative. South Africa is above junk and is stable. We are better rated than you on all the agencies. We are not the same. You are effectively worthless ito your rating. I already told you that. You are junk. You cannot raise healthy debt and you have no money of your own to spend. You have a dilapidated country that you cannot build. South Africa is better developed and has less of an infrastructural deficit. It can raise healthier debt and has more revenues and therefore, more of its own money to spend. You have 180 million mouths to feed too, which lowers your GDP per capita. Sucks being you.

http://www.tradingeconomics.com/country-list/rating

ddami:
DON'T CRY,, WE ARE BOTH STABLE..

You know ZERO about ratings. There are three rating agencies. You are below junk and are negative. South Africa is above junk and is stable. We are better rated than you on all the agencies. We are not the same. You are effectively worthless ito your rating. I already told you that. You are junk. You cannot raise healthy debt and you have no money of your own to spend. You have a dilapidated country that you cannot build. South Africa is better developed and has less of an infrastructural deficit. It can raise healthier debt and has more revenues and therefore, more of its own money to spend. You have 180 million mouths to feed too, which lowers your GDP per capita. Sucks being you.

http://www.tradingeconomics.com/country-list/rating

ddami:
we have the same credit rating because of your revenue..... which is higher than ours..

We do NOT have the same credit rating. You are rated two notches BELOW junk.

http://www.bloomberg.com/news/articles/2015-03-22/nigeria-s-fall-deeper-into-junk-risks-africa-s-best-bond-rally

patches689:
And yet with all our debt we have the same credit rating as you

Consider the implications of that

We have a better rating.

patches689:
And RSA has more debt but the same credit rating - showing we are superior

Nigeria is rated two levels below junk.

http://www.wsj.com/articles/s-p-revises-portugal-outlook-to-positive-1426871305

ddami:
AAWWW DIE,, IS THIS HOW MUCH YOU LOVE US?? NO,,, WHY SHOWING SO MUCH CONCERN,,, AM A NIGERIAN AND AM NOT COMPLAINING TO YOU,,, SO WHY ARE YOU BECOMING ADDICTED TO OUR ISSUES,,,

YOUR COUNTRY,, SOUTH AFRICA IS THE MOST INDEBTED COUNTRY IN AFRICA AS IN NOS. 1,, YOU SHOULD DIVERT YOUR HEADACHE TO THAT....

Look at you, shouting and falling apart at the seams. I repeat, your infrastructural deficit. Your government's dereliction of duty...is the worst debt that any country could carry. To reverse the effects of this neglect, you will have to beg, because you have no money. You are dirt poor. Seeing as you won't be getting any money from any other sources, you are stuck with BRICS. Deal with it, for this is your reality.

You are rated two levels below junk. Your credit terms will forever be stringent. You have no capital to raise either healthy debt or forex. You are basically doomed. You need the BRICS bank, for without it you are nothing. Of course, you could always choose to remain an underdeveloped cesspit.

ddami:
ahahah, a yearly allocation of blah, blah, blah, blah.. If I should start replying each of the points you wrote up there,, I will end up spending a whole day on this particular thread ... Am a Nigerian,, you are South African,, please is any Nigerian complaining to you,, are you living in Nigeria, do you intend to be a Nigerian.... How has our problems become your headache??
Nigeria does not give a damn about you guys,,,but you are always pokenosing into our Business... don't tell me about emotions 'cos the real truth is MIND YOUR PROBLEMS AND BUSINESS...,, start with your ever increasing debts, that definitely needs YOUR EMOTIONS AND UTMOST CONCERN...

Yours is to accept your destiny. You don't have to reply. Just accept what you cannot change and be happy. This last post of your is pretty much empty and reeks of butthurt. If you cannot handle the heat, simply get off the thread. This thread is, after all, not for sissies. In the same way that Nigeria is not for sissies. It's hopeless out there. You have marauding militants and herdsmen running around waging wars and such, and your military's gone fishing. Your new Pres (the dictator that is Buhari) went to the US to beg for weapons from Obama. Look what happened --->

http://thenewsnigeria.com.ng/2015/07/22/boko-haram-buhari-frustrated-by-us-attitude-weapons-sale-remains-banned/

Boko Haram: Buhari frustrated by US attitude, weapons sale remains banned


_____

Seems you are in nobody's league.

Your case...your situation... is dire...hopeless...

ddami:
Now I know that you know nothing about Nigeria..,,,
Each of Nigeria's 35 states receives a yearly allocation from the fed.. Govt,, each state has its own Parliament called house of assembly and they take independent decisions on how to run their states.... Only 6 states owe its workers,, the governor of those states is held accountable,,, that's why the workers never blame the federal govt.. But the state governor.. Lagos is Nigeria's Most indebted states but it owes no worker because of its IGR(internal generated revenue)).. The federal govt.. Only bails out those states by borrowing the states some money to pay Its workers,, you have no idea how our system works here,,,
Hey, stop screaming BRICS you are the first s.an here talking about nigeria borrowing from brics.. 'Cos Brics is soo not in our league of lenders.....

Yes, a yearly allocation coming from Nigeria's oil earnings. A yearly allocation, the source of which are a few states in the south-south. A yearly allocation which means that the north-east is considered no-man's land and has grown increasingly bitter over the years. A yearly allocation which means that Asari Dakubo and all the other rascals in the south are mad that they are carrying an inept government on their shoulders. A yearly allocation which also means that Biafrans are sick and tired of the uselessness of the federal government and have resumed their secessionist ideas, what with radio Biafra and such.

A yearly allocation that has pretty much dried up, given oil prices. You have no money, my friend. You can do absolutely nothing towards development. You have to beg...and beg you will. Whether you like it or not, BRICS will be your saviour and your slavemaster, all in one. The fact that you had to buy stoves from South Africa, buy weapons from South Africa, buy development from South Africa, in the form of all the South African companies building your country...the fact that your railway lines and all the other things are built by Chinese little men means that BRICS is definitely in your league. However, you are not it its league - hence the slave-master future that awaits you.

ddami:
AHAHA THINK, you say Nigeria is the most indebted and we are The same Credit rating as you guyz..
AS A PERCENTAGE OF GDP
NIGERIA - 12% OF GDP,,
SOUTH AFRICA - 43% OF GDP,,,

DEAL WITH THAT OR SUPPLY A LINK THAT PROVES THE ABOVE WRONG...

Money owed to government workers as well as an infrastructural deficit are the worst debts any government could carry. A debt to society. A dereliction of duty. Before Nigeria could do anything or go anywhere, it must deal with this gaping hole. That's debt my friend.

You have no money to do these things. You will end up begging from brics. There's no other way. Either you stay underdeveloped or you bring out your begging bowl.

agaugust:
LOL....they all being paid this month, all arrears paid....Buhari released new government income form dividend/shares and VAT tax revenue.

Delay is not denial as wise men say.

Seems old newspapers' stories get super-glued to your tiny brain

South Africa will need 10 generations of your parents descendants to pay off African record $144 billion debt
.

Auguby stop lying. All Buhari did was say that this is a disgrace, which it is. But there is no money forthcoming. Buhari has no money to release. Not to government workers. Not to the military.

lezz:
Stop mentioning BRICS bank money. We know your education never went beyond Google copy and paste. BRICS is dead , as dead as last Christmas.

The credit money in the BRICS banks can't even feed khayelitsha's rats. Hence China and the world is heading towards the China infrastructural development Bank and the West is struggling to be foundation members much to America's chagrin . Australia has pledged 89 billion and she is still only just the 5th biggest founding member .

Now tell us how much does the China jettisoned BRICS bank have.

How much "credit money" is in the BRICS bank? 10 ZAR (not naira) says you don't know what you are talking about.

ddami:
Die, stop typing things you know nothing about,, this is Nigeria and we know what is happening here... Stop typing like you live here 'cos you're hrs/miles away...,,, The closest u can know of Nigeria is online..,,,
All of you are just contradicting yourselves,, so much attention to Nigeria's problems,,, ADVICE:: go and sort out your external debt,, that definitely needs your attention..

Oh wow! So much emotion and not even an iota of verifiable facts. Why don't you do me a favour and prove that I am wrong. Failing that, accept that Nigeria is poor and is destined to be a future BRICS beggar.

agaugust:
Nigeria did not cut government workers/civil servants wages by 50% or else you will see nation wide strikes by labour union.

Buhari and his political class are the ones who voluntarily cut their own huge wages by 50%, same thing happened this year in Canada, the world is doing it, not only Nigeria.

Nigerian law requires bankruptcy to be declared by the Accountant General of the federation, not the president. World Bank just offered us $2.1 billion new loan today just to build houses for people, nobody offers a normal term loan for building houses to a bankrupt borrower.

You know nothing about finance and accounting....mumu.

Then South Africa CANNOT afford her debt, you actually sank deep in it and accepted your fate, so nobody is complaining.

South Africa owes external debt of $144 billion and has cash reserve of $40 billion....you have a deficit of $104 billion more than your pocket !

Nigeria has external debt of $7 billion and cash reserves of $30 billion....we can pay off our debt in one day and still have $23 billion saved in out pockets.

If South Africa spends all her cash reserve to pay off her debt, you will still be owing $104 billion....your great grand children will keep paying debt for the next ten generations of children yet unborn

You are broker than broke ! $144 billion debt you owe the white nations !

http://www.tradingeconomics.com/south-africa/external-debt
.

Yes, the government did not cut salaries by 50%. It simply stopped paying them. A cut of 100% for the affected workers.

ddami:
our external debt is now $9b but mzilaka won't listen to your explanation...

Soon to be a BRICS bank debtor. There's no other way. A country that borrows to pay government salaries and relies on oil sales for 80% of its forex is doomed. You are doomed and that's that.

http://ewn.co.za/media/2015/07/22/nigeria-economy-running-out-of-money

agaugust:
5% pay cut in dollars is more cash than 50% in Naira you dunce

They just sacked almost 200,000 workers now jobless in Canada. People are increasing in thousands on queue for hungry people in Food Banks all over Canada....hey it's just 30 minutes drive across my border, I know the world more than you do. You are caged in Soweto prison and your only access to the outside world is by internet on your mobile phone....prisoner of ANC
.

What an id1ot you are. A cut amounting to 5% of what you earn is far better than one amounting to 50% of what you earn, whether you are talking nairas or dollars. Fact is 50% of your officials's salaries will be cut. That's 50% closer to 100%. The Canadians are a whopping 95% away from 100%. A share that loses 50% of its value is worse than one that loses 5% if its value, even if you are comparing pennies and dollars

Face it, you are dirt poor, you lot. You have no money. Your president said it and your nation is acting it. People are sitting unpaid and you have already borrowed more than half of your borrowing limit; and it's not even August yet.

agaugust:
Canada's government politicians too are taking salary cuts....do you read world news or only Soweto Daily Trumpet ?
.

But their government workers have not gone three months without salaries. And 5% is more about demonstrating leadership. 50% is about survival.

And you said Buhari gets his salary. Well, 50% of it is what he will be getting.

No funds for your military is the reality.

agaugust:
....but he gets his salary paid

He, along with tons of others, are taking a salary cut. 50%

Nigeria is as poor as a church mouse.

http://eaglereporters.com/2015/07/21/salary-cut-we-cant-stop-buhari-rmafc-declares/

mzilakazi:
Bihari says Nigeria is penniless.


http://www.bbc.com/news/world-africa-33239258

Everyone knows that Nigeria is a poor country and is broke. It is a pauper nation. There is no way it could finance a military effort.

http://www.theguardian.com/global-development/2015/jul/21/nigeria-dire-finances-show-it-cannot-grease-economy-fickle-oil-alone

Nigeria's dire finances show it cannot grease the economy with fickle oil alone

Twenty-three of Nigeria’s 36 states have not paid their civil servants for months, while spending on capital projects has been frozen, in some cases since last year. In south-western Osun state, the situation is so bad that trade unions sought food and cash donations for workers before the Ramadan month of fasting.

__

Nigeria is Africa's biggest oil producer, but most of its citizens are poor.

http://www.bbc.com/news/world-africa-33239258

Right on the money.

Sorry to say that the below will never happen.

Thiza:
The only way to defeat the insurgents is for Nigeria to do what it should have done long ago for other reasons: sort out its governance. Politicians should concentrate on building institutions, such as a fair-minded police force and a competent health care system, rather than filling their pockets in cooperation with criminals. Only then will the government be able to build a decent army and channel enough resources to the poor in the north-east. That is the way to defeat Boko Haram.

http://www.economist.com/blogs/economist-explains/2014/11/economist-explains-10

agaugust:
[size=13pt]

Boko Haram is busy attacking Chad's capital city twice in 2 weeks....


Abuja remains 100 % safe .

Boko Haram now knows whose capital city to attack successfully....N'Djamena Chad

http://www.aljazeera.com/news/2015/07/deadly-suicide-blast-rocks-market-chad-capital-150711130826040.html
.[/size]

Auguby, the safety of the country is what matters. Abuja's job is to secure Nigeria. But Abuja does not have the money to do that. That Abuja is safe in the midst of death and turmoil elsewhere in Nigeria is shameful.

bidexiii:
A NA SF"72 mobile strike force" with a beryl riffle mounted with an advance thermal imaging scope !

One swallow does not a summer make.

Your reality is as follows:

Bombs are back - Oil prices leave Nigeria with little cash to wage a war

The jihadists have switched from holding towns to waging guerrilla war

POLITICIANS often promise more than they deliver, but those in Nigeria bit off more than most when they campaigned on a pledge to “defeat Boko Haram”. Six weeks after the inauguration of its new president, Muhammadu Buhari, the government must be wishing it had promised something less ambitious.

Boko Haram seemed to be on the ropes a few months ago. Despite its threats to disrupt the election at the end of March, the vote was largely peaceful, and the militants had been pushed back from many of the towns they had captured. Yet in recent weeks the group has struck back from its remote redoubts, killing more than 200 people in the week to July 5th (and more since then) in a series of attacks across the north.

In this section
A glimpse of Africa’s future
Bombs are back
One year on
Editor Sisi
Five peace plans—and counting
Reprints
Bombs were detonated in the major cities of Jos and Kano, neither of which had been attacked since February. Boko Haram also showed that it can still operate across borders: two suicide bombers struck Chad’s hitherto unscathed capital, N’Djamena, in mid-June, blowing themselves up outside police headquarters, killing 34 people. Horseback and motorbike-mounted raiders attacked another neighbour, Niger, twice in two weeks.

The recent attacks suggest that since their ejection from urban areas, Boko Haram jihadis have regrouped in the forests and mountains along the border with Cameroon, or have melted into local populations disguised as merchants or beggars. Many of its 6,000 fighters are still active and its leadership is intact. The group may lack the sophistication to administer territory, but it has been honing its skill at hit-and-run attacks since 2009.

Nigeria’s army, by contrast, is finding counter-insurgency far more difficult than merely liberating captured towns. It has also lost much of the support that contributed to its victories earlier this year. Mercenaries who helped turn the tide in the north-east have been sent home and Chadian soldiers have pulled back over the border. Morale among poorly equipped Nigerian troops is plummeting again. “[It is becoming] the way it used to be before—[when] one man [was issued with just] one bullet [per target]—it’s just the same now,” says one military man. [...]

Read more http://www.economist.com/news/middle-east-and-africa/21657386-jihadists-have-switched-holding-towns-waging-guerrilla-war-bombs-are?fsrc=scn/tw/te/pe/ed/BombsAreBack

agaugust:
You must be Pierre Aycard on that forum

Usual tactics from you on that forum, but they clearly have your number.

mzilakazi:
Nigeria's billionaires were reduced to ashes the moment they voluntarily devalued naira to deal with the pressure from international market. That move saw Dangote losing over $10 billion and other billionaires in Nigeria reduced to the levels of just ordinary millionaires. Do you think we don't know about that? Bwahahaha… you must be kidding us.

NOW AS AT 13/07/2015 Nigeria has only five billionaires compared to eight that both SA and Egypt has. GOT IT!!!

ALL THE WAY FROM FORBES 2015.

http://www.forbes.com/sites/mfonobongnsehe/2015/03/02/the-african-billionaires-2015/

Another devaluation is on its way. Nigeria is a mess.

http://af.reuters.com/article/nigeriaNews/idAFL5N0ZV2H220150715

The so-called billionaires are in reality, paupers.

Nigerian military exposed as an embarrassment.

https://www.youtube.com/embed/poL1GBpKBY8

saengine:
"Democracy since 1960". First hand over of power through the ballot box 2015

Democracy in waiting for 55 YEARS

Bwahaha! The fact that they are celebrating this says it all. By the way, they rank towards the bottom of the democracy index because they have no institutions to support democracy. Voting is just one aspect of it. Injecting quality into a democracy is about institutions. They don't have any. They just have an old man, who was a former dictator, who has now come back to power. That alone tells you how dire their situation is. They could not find a thorough democrat to lead them. They can only HOPE against hope that the old man is telling the truth when he says he is reformed.

Henry120:
Powerful image of Nigeria's President been held by his Predecessor. Politics without bitterness, the GEJ way.

Ag shame, Nigeria the young democracy tog. Explains the celebration of the pic.

lionel4power:
the hind is a attack heli/gunship while the rooivalk mixture of puma>super puma>oryx>alouette iii>alpha xh-1>obsolete roolvalk

Has Nigeria built a heli? Can Nigeria build a heli?

Ok, next.

Denel ISM upgrading Joint Air Reconnaissance Intelligence Centre in conjunction with Airbus

In its first new project, Denel Integrated Systems & Maritime (Denel ISM), supported by Airbus Defence and Space, is equipping the South African Air Force’s (SAAF’s) Joint Air Reconnaissance Intelligence Centre (JARIC) with image analysis tools.

Airbus Defence and Space will deliver various components of its ACTINT (ACTionable INTelligence) reconnaissance evaluation software to Denel ISM, which as prime contractor and system integrator will create a system tailored to the SAAF’s needs. Deliveries to Denel ISM are scheduled to be concluded beginning 2016, Denel said in a statement issued today.

Airbus provides various ACTINT services from satellite images, ground stations, maps and image analysis to data storage and distribution. “ACTINT is a software tool for acquisition, processing and dissemination of information. It provides security and defence forces with dedicated information based on raw data from different intelligence sources and specific data bases,” the Denel statement said.

However, what Airbus will deliver is not a turnkey solution as Denel ISM will use various components to build a South Africa-specific system.

“Based on our longstanding cooperation with the world’s most advanced armed forces, we have developed extremely refined image evaluation algorithms,” said Evert Dudok, Head of the Communications, Intelligence and Security Business Line at Airbus Defence and Space. “This capability provides our customers with an extraordinarily precise and comprehensive situation picture in near-real time.”


“We are very excited to be playing a lead role in this project,” said Ismail Dockrat, CEO of recently established Denel Group division Denel ISM. “This project builds on our track record on the GBADS (Ground Based Air Defence System) programme. It fits in with one of our key strategic objectives, which is to be custodian of sovereign capabilities for the Department of Defence and to play a lead systems integration role in this environment.”

JARIC was established in 1967 at AFB Swartkop and in 1988 became the unit responsible for Air Intelligence and Counter-Intelligence training in the SAAF, a task previously performed by the Air Force College. It was later transferred to Air Force Base Waterkloof in 1990.

JARIC’s three main roles are image intelligence (exploitation of imagery, from diverse imagery sources within and outside the military, with the specific purpose of producing image intelligence for the SANDF), image intelligence support (supplying imagery-based geo-spatial information to the SANDF) and air intelligence training.

The Department of Defence us upgrading/replacing the military image interpretation and exploitation capability at JARIC under Project Achilles, which was launched in 2004 to ensure that JARIC remained up to date with the latest technology.

stillchris:
lol. look at this clown. we are talking real problems, you are pulling a paper report on HDI?

thought you were done trolling

pull one on this.... you don't have your problems you say?

http://news.xinhuanet.com/english/2015-05/13/c_134236521.htm

Do you even know what "paper report" means? Can you even describe that? You can't because you are parroting stuff.

In Africa, Nigeria's is ranked in the 20s by HDI. It is a low-HDI country, meaning when measured, it is close to being inhabitable and hopeless. There is nothing that you can come up with that hasn't already been included in the measures. Are you even able to take a shower, my friend? I doubt that very much. With your hot weather, dead air conditioners, stationary cars and inability to take a hot shower, Nigeria must be smelling quite funky right now.

You're talking about a warning when Nigeria has already been downgraded FURTHER into junk. Two levels below junk already.

http://www.ft.com/cms/s/0/0703eb54-cf37-11e4-b761-00144feab7de.html

agaugust:
South Africans live in darkness too, you have African problems like us. Yours has even become a national anthem
.

Load shedding happens during day hours, to start off with. Secondly, it's controlled. Thirdly, it's no more than 2 hours at a time. Fourthly, Nigerians are lucky to have an hour of electricity. Fifthly, when they do get electricity in Nigeria, it is not even strong enough to produce an ice-cube in the fridge.

1300 MW. 170 million people. Be ashamed.

lionel4power:
SA has her own problems which is worst of than nigeria. Atleast fuel shortage is temporary unlike urs www.ibtimes.com/why-south-africas-economy-slowest-sub-saharan-region-1500992

The Human Development Index, which measures EVERYTHING says you are wrong.

http://en.wikipedia.org/wiki/List_of_African_countries_by_Human_Development_Index

Again, I ask: where does it say that there are fuel shortages in South Africa and that Nigerians can't power up their generators? Nigeria's economic growth is higher that the US's, but only a fool would say Nigeria is better than the US. The same applies to your useless link.

lionel4power:
www.leader.co.za/article.aspx?s=1&f=1&a=2893

Nice link. I fail to see where it says that there are fuel shortages in South Africa and that South Africans can't power up their generators.