Donbrowser's Posts
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Pearl1910: ![]() |
IFSHR:By force? |
Pearl1910: https://www.youtube.com/watch?v=caYsbh7S3q8?si=8q1QpDEH-jUL65bN 👆 Solidarity walk for Tinubu in Rivers state. 13 days ago. For the last time, Pearl face your driving. Not everything you think you know ![]() |
izzou:I thought you said only Tinubu's supporters are complaining. Why are you complaining on their behalf na? Is it so hard to understand? You claim some set of people are complaining but you're the one doing it on their behalf ![]() |
IFSHR:I'm done explaining anything to anybody... I chose to vote for Tinubu and I'm enjoying his government. You can't force opinions on me. Ask for my opinion. Ask me what I think the president is doing wrongly. If you continue this way, I will also continue that way. Best of luck |
izzou:The person who voted Obi too is complaining na. Àbi na Tinubu Pearl vote? Even person wey no vote dey complain. Why only the person that voted Tinubu? ![]() |
izzou:💯 Same as what happened in the East. ![]() |
izzou:Tinubu will get more votes in 2027 than he did in 2023. ![]() Ire ooo |
izzou:Ekiti people are 90% Christians, Same as Ondo but they voted for Tinubu a Muslim 😸 |
izzou:You see that bolded gan gan is what I need. Peace be unto you. |
pope191:Thank God you're a man of proverbs. T'a bá ní ègún bàbá ẹni má jo, tí kò bá padà wá jo nkọ.... |
izzou:Why not take into consideration that Enugu is a PDP state and they should have voted for Atiku Abubakar? Abi dat one no count? |
Pearl1910:Last last una go give me my medal for this thread. Pearl has now gone from talking sense into people to respecting people's opinions. What a day to be alive ![]() |
Pearl1910:Cornered and Ignored! 🤌😁
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pope191:But you just said people should be entitled to their own opinions na |
Pearl1910:There's no way you will talk politics or try to defend Peter Obi and you don't sound dùmb. I've always told you. Only 2 states in Yorùbá land gave Peter Obi the entire votes that Tinubu got in the whole South-East yet we are the tribalistic ones because we stood for what we want? How does that sound to you? Dùmb innit PS. In context (Image attached): Out of 400k voters, only 4.7k voted for Tinubu But out of 200k voters about 11k voted for Obi And Yorùbás are the tribalists?
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Conner44:Just shocking to see that Pope that callede 26 years old is my age bracket 😂 Omoh! Even stooping so low to do account balance challenge. This thread will unleaded the beast out of you. Same way pearl dropped all his logic and maturity and started shouting LASEPA, Poland, etc the other day. Na here I go dey sha ![]() |
Pearl1910:Igbo man vote fellow Igbo man (Peter Obi) = Good governance Yorùbá vote fellow Yorùbá (Tinubu) = Tribalism If someone says Tinubu's government has not affected anything, are we not practicing democracy? I'm sure you can't carry this attitude outside Nigeria else you will see 2 gays kissing and you will start saying you want to talk sense into them. Rest! Pearl Rest! Everyone here is an adult and they may decide whatever they want to do with their lives! I repeat Rest! |
Conner44:Why una dey mention my name for matter wey no concern me? Like 3 people don directly or indirectly mention me 🤷🏽♂️ |
northbird:Yes. My friend was a newbie when he took his car from Gbovo. I even thought him how to drive. It's far better than buying a Nigerian Used car. He has less worries. |
Good riddance |
davidowizkid:In addition to what I told you before, my friend driving a tokunbo gbovo car has thanked me occasionally for advising him to opt in for their Tokunbo instead of Nigerian used car. He told me Gbovo even gets tired of people complaining in their groups about their Nigerian Used car. Buy foreign Used and enjoy peace of mind. The people telling you to buy a 1.8million Nigerian Used car will not tell you to keep extra 500 to 700k for repairs until the problem start and they will start saying "you're supposed to" or you bought car from the wrong person. My final cents |
northbird:But Nigerian Used car is for rookies? |
davidowizkid:Yes. They will give you a Tokumbo car and that amount will reduce your weekly repayment greatly. And please whatever you do in life, ignore those people asking you to buy a Nigerian Used car. I wish you the best. |
Smartcitizen:You will not hate most PDP online paid agents if you visit Abia and Enugu local government? |
Lol. Some people can't get over this election loss sha. |
Elvictor:Yes. You're chatting with a ghost. |
Can we revisit his murder case? |
According to United Nations Trade and Development (UNCTAD) report Nigeria's foreign direct investment (FDI) inflow for year 2023 was US$1.873 billion, Nigeria was ranked number 8 in FDI. The top 10 are: 1. Egypt: US$9.841 billion 2. South Africa: US$5.2 billion 3. Ethiopia: US$3.263 billion 4. Uganda: US$2.886 billion 5. Senegal: US$2.641 billion 6. Mozambique: US$2.509 billion 7. Namibia: US$2.345 billion 8. Nigeria: US$1.873 billion 9. Cote d'Ivoire: US$1.753 billion 10. DR Congo: US$1.635 billion. The situation is even more troubling when you consider that Nigeria had consistently attracted FDI inflows of over US$4 billion annually since 2005 during the Obasanjo, Yar'adua and Jonathan administrations. However, since the APC took over in 2015, the country's FDI inflow has failed to reach even US$4 billion. Olusegun Obasanjo 1999: US$1.18 billion (Obasanjo assumed office in May 1999) 2000: US$1.31 billion 2001: US$1.277 billion 2002: US$2.04 billion 2003: US$2.171 billion 2004: US$2.127 billion 2005: US$4.978 billion 2006: US$4.9 billion Obasanjo/Yar'adua 2007: US$6.087 billion Umaru Yar'adua 2008: US$8.25 billion 2009: US$8.65 billion (top 3 in Africa in both years) Goodluck Jonathan 2010: US$6.099 billion 2011: US$8.92 billion (ranked number 1 in Africa) 2012: US$7.127 billion 2013: US$5.61 billion 2014: US$5 billion Jonathan/Buhari 2015: US$3.064 billion Muhammadu Buhari 2016: US$3.45 billion 2017: US$2.413 billion 2018: US$775 million 2019: US$2.305 billion 2020: US$2.4 billion 2021: US$3.313 billion 2022: US$895 million Buhari/Tinubu 2023: US$1.87 billion Bola Tinubu 2024: Link to UNCTAD FDI Reports for Nigeria in the last 30 years: https://unctad.org/data-visualization/global-foreign-direct-investment-flows-over-last-30-years President Tinubu’s Efforts to Reverse the Anomaly Above The efforts of the current government under President Bola Tinubu to reverse this trend, let's examine specific actions and developments: Decline in FDI Nigeria’s FDI decline can be attributed to several concrete factors: Policy Inconsistencies: During the Buhari administration, frequent changes in economic policies, especially concerning foreign exchange controls, created an unpredictable environment that discouraged long-term investments. The Central Bank’s management of the naira and multiple exchange rates led to confusion among investors. Economic Recession and COVID-19 Impact: Nigeria entered two recessions within five years (2016 and 2020), partly driven by falling oil prices and the global impact of COVID-19. These recessions reduced investor confidence as the economy struggled to recover. Security Challenges: The rise of Boko Haram in the Northeast, coupled with increasing banditry and kidnappings in other regions, significantly hampered investor confidence. High-profile abductions and attacks made headlines globally, portraying Nigeria as a high-risk investment destination. Infrastructure Deficiencies: Despite various projects, Nigeria still faces significant infrastructure gaps, particularly in power supply, road networks, and port operations. These deficiencies increase operational costs, making it less attractive for foreign businesses. Efforts by the Tinubu Administration to Reverse the FDI Decline President Bola Tinubu has taken tangible steps to address the decline in FDI and improve Nigeria’s investment climate: Economic Diplomacy and Global Engagements: Paris Summit for a New Global Financing Pact: In June 2023, President Tinubu participated in this summit where he advocated for increased foreign investment in Nigeria and Africa at large. He used the platform to highlight Nigeria’s readiness for investment, particularly in sectors like technology, agriculture, and infrastructure. Gulf Countries Engagements: Tinubu’s administration has actively engaged with countries in the Gulf region, notably the United Arab Emirates (UAE) and Saudi Arabia, seeking investments in sectors such as oil and gas, real estate, and technology. During these engagements, Tinubu emphasized Nigeria's large market and strategic position in Africa as an investment hub. Removal of Fuel Subsidies and Exchange Rate Reforms: One of Tinubu's early actions was the removal of fuel subsidies, which was seen as a bold step towards creating a more market-driven economy. This action aimed to reduce the fiscal burden on the government and create a more transparent environment for investors. The unification of the exchange rate under the Tinubu administration has also been a significant reform. By allowing market forces to determine the naira's value, the administration has aimed to restore investor confidence in Nigeria's financial system, making it easier for foreign investors to repatriate profits and invest further. Infrastructure Investments and Partnerships: Tinubu’s government has been actively pursuing infrastructure development through public-private partnerships (PPPs). For example, the administration has engaged with foreign partners to invest in critical infrastructure projects, including the Lagos-Calabar coastal railway project and the development of deep-sea ports. The administration is also in talks with global tech giants and renewable energy firms to invest in Nigeria’s technology and energy sectors, aiming to close the infrastructure gap and reduce operational costs for businesses. Investment Promotion and Simplification of Business Processes: The administration has launched initiatives to streamline the business registration process through the Corporate Affairs Commission (CAC) and reduce the bureaucratic hurdles faced by investors. The Nigeria Investment Promotion Commission (NIPC) has been revitalized to more aggressively market Nigeria to global investors. This includes highlighting success stories of foreign businesses in Nigeria and offering incentives for new investments. Security Enhancements: Recognizing the security challenges, Tinubu has restructured the leadership of Nigeria’s security agencies and increased the budget for security operations. The government is also exploring partnerships with foreign governments for intelligence sharing and counter-terrorism support. Specific Outcomes: Saudi Arabia Investment Forum: Following Tinubu’s engagement with Saudi business leaders, there have been commitments to explore investments in Nigeria's agricultural sector, with a particular focus on expanding agricultural exports. EU-Nigeria Business Forum: At this forum, Tinubu’s administration secured commitments from European businesses to invest in Nigeria’s green energy sector, particularly in solar power projects. These actions demonstrate a proactive approach by the Tinubu administration to not only reverse the FDI decline but also to position Nigeria as a more attractive destination for global investors. The efforts are ongoing, and while it may take time for the full impact to be seen, these steps are crucial for boosting investor confidence. Projected FDI Inflows (2024-2026) 2024: US$2.5 - US$3 billion Rationale: The immediate impact of Tinubu's economic reforms, such as the removal of fuel subsidies and exchange rate unification, is expected to start attracting cautious foreign investments. While these reforms may not fully restore investor confidence in the short term, they are likely to result in a modest increase in FDI compared to 2023. Key Drivers: Continued economic diplomacy, particularly in the Gulf and European markets, and initial infrastructure investments. 2025: US$3.5 - US$4.5 billion Rationale: As the benefits of infrastructure projects and public-private partnerships (PPPs) begin to materialize, Nigeria should see a more significant increase in FDI. Additionally, enhanced security measures and a more stable economic environment should further boost investor confidence. Key Drivers: Ongoing foreign engagements, successful infrastructure completions (e.g., railways, ports), and increased investments in renewable energy and technology sectors. 2026: US$5 - US$6 billion Rationale: By 2026, if the current momentum is maintained, Nigeria could see a substantial recovery in FDI inflows. The completion of key infrastructure projects, improved security, and a fully implemented market-driven economy are expected to attract more substantial investments. Tinubu's consistent international engagements and the favorable outcomes of his reforms could help Nigeria regain its position as one of Africa's top FDI destinations. Key Drivers: Completion of major infrastructure and energy projects, sustained foreign investor interest, and Nigeria's positioning as a leading market in Africa for renewable energy and technology investments. Nigeria recently exceeded forecasts regarding its foreign reserves, which is a notable achievement given the economic challenges the country has faced. Exceeding the Foreign Reserves Forecast Initial Forecast: Due to economic pressures, including declining oil revenues, persistent inflation, and a widening trade deficit, many analysts had forecasted a significant depletion in Nigeria’s foreign reserves. In early 2023, some projections suggested that reserves could fall to around $32 billion by the end of the year. Actual Performance: Contrary to these projections, Nigeria's foreign reserves were reported to be approximately $33.93 billion by mid-2023, slightly above the forecasted levels. This figure indicated that the country had managed to stabilize its reserves despite ongoing economic challenges. Key Factors Contributing to Beating the Forecast: Improved Oil Production and Revenue: There was a modest recovery in oil production, and global oil prices remained relatively stable, leading to better-than-expected oil revenues. The government’s efforts to curb oil theft and improve security around oil installations played a role in maintaining production levels. Remittances: Nigeria has one of the largest diasporas in the world, and remittances have been a crucial source of foreign exchange. The government has implemented policies to encourage these inflows, such as the "Naira 4 Dollar Scheme," which provided incentives for Nigerians abroad to send money home through official channels. Foreign Investments: While FDI figures were lower than in previous years, portfolio investments, particularly in the Nigerian bond and stock markets, saw some recovery. Investors were attracted by higher returns in Nigerian markets compared to those in more developed economies. Strategic Currency Management: The Central Bank of Nigeria (CBN) employed a more strategic approach to managing the naira, including interventions in the forex market that helped stabilize the currency and preserve reserves. Implications Exceeding the foreign reserves forecast is significant as it provides the government with a buffer to manage economic challenges and maintain investor confidence. It also suggests that Nigeria’s macroeconomic policies, particularly those aimed at stabilizing the currency and boosting non-oil revenues, are beginning to yield results. This development, combined with ongoing reforms, can further enhance Nigeria’s attractiveness to foreign investors, potentially contributing to the projected increase in FDI inflows over the coming years. Source: My Humble Self |
Their reply on Twitter: "Thank you for your concern. It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification. Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme." https://x.com/NELFUND/status/1826991650939244755?t=ErnVLbC2c88MXkkU6aDlAg&s=19
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Aba abi where? Lol make I no talk |
Advision:How come you're posting for the first time here and you know all this? Or someone forgot to switch account? ![]() |
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no shaking
Even your MD/CEO is lamenting about the economic situation if not openly but silently and is probably considering how he will downsize to remain afloat and u are here ranting about getting a job and insinuating that somebody that has a job is devoid of complaints and is financially free. Sorry to burst your bubbles but u are on an imaginary horse, u are still on the same class like the ordinary driver, trying to spite Pope by calling him a driver is cutting off your own nose, it is self destructive. You aren't any better, so humble yourself and think like the educated man that u are. 