₦airaland Forum

Emac34:
Fake pastorS everywhere

Kenzico:
This Lady has been President of Liberia Since my SS2 days in 2006. Wow

mazizitonene:
interesting.......................




but must this NL wailers always complain n hate

ODVanguard:
Nice one. Keep 'em coming.

obailala:
Let me tell you a short story of what happened when the oil prices began to crash, just between October 2014 and May 2015 when GEJ handed over:

(1) The Naira fell from N166/167 to N220 to $1, meanwhile oil still sold at about $65/barrel as at May 2015.
http://abokifx.com/previous-rates-2/

(2) The nation's foreign reserves dropped from ~$38.5bn to $28.7billion, that's a drop of about $10billion in 7 months, with oil still selling at about $65/barrel as at May 2015.
http://www.cenbank.org/intops/Reserve.asp

(3) Nigeria's GDP growth rate which was maintained at an average of 6-7% suddenly dropped to its lowest since 1999 of 2.3%.
http://www.tradingeconomics.com/nigeria/gdp-growth-annual

(4) Due to a severe cash crunch occasioned by fall in oil prices, the Nigerian government had to borrow about $2.4billion dollars early in 2015 to pay salaries. The FG could not also pay accumulated arrears of fuel subsidy since August 2014 to petroleum importers (this led to the fuel scarcity in May 2015 just before the handover and Lai Mohammed also blamed this owed fuel subsidy as the reason behind the fuel scarcity late last year)
http://www.vanguardngr.com/2015/05/nigeria-borrows-to-pay-salaries-with-cash-crunch-worsening/
http://www.channelstv.com/2015/12/21/lai-mohammed-blames-fuel-crisis-on-past-administration/

Note that all of the above happened at a time when oil still sold above $65/barrel; today oil sells for about $30/barrel

Now I do not want to imagine the kind of economic humanitarian crisis that would have enveloped Nigeria had GEJ continued in his usual manner of dipping his hands into the forex reserves; only God saved us as a nation else we would have been standing on long queues by now to receive one cup of rice daily from W.H.O or UN outlets.


Did I just hear you say continuity of those four (4) negative events I just pointed out above?
Are you aware that the FG under Buhari has not borrowed to pay salaries? It even bailed out the states
Are you aware the FG has paid off subsidy arrears owed to oil importers even since the days of GEJ?
Are you aware the FG/CBN has been able to maintain virtually the same forex reserve amount that it inherited till date?... Unlike GEJ that crashed it by $10billion in 7 months of oil price crash?
And now all these have been done when oil sells for less than half of what it was when GEJ was handing over and you think the present government is more useless?? I challenge you to tell me that these figures and indices I have written here are wrong, kindly explain to us your 'empirical' evidence.

mukina2:
GGOOAAAAAAAAAAAAAAAAAAAAL

SUNDERLAND

bankyblue:
For condom

barlkeez:
lovely pics