creamylicious: choi! my sis house is on fire ... so my aunt sent a hundred thousand to my sis who just birthed a kid... the husband is dragging dis money seriously up to d point that popsi had to go visit this night ... i am planning to report him to security agencies cos this attitude poses a security threat . wat do you guys think
Ur aunt should send another 100k to d husband, it sounds like he is hungrier
raynold: Nigerian youths have so much to do.. the problem now is that most of us(the youth) instead of airing our personal views we air the views of this criminals. Imagine when the youths of a country are more interested in calling each other names, than to actually hold this greedy criminals accountable for what they have done and what they are still doing to this country. Its really just so sad, i know people(my former economic geology lecturer etc) that will do a whole lot of good for this country but instead we have thieves ruling us..
Each day i read comments of people calling each other zombie, wailers, flat heads, afonja etc now how will a country filled with so much hate for one another grow..
Brother I dnt know if u participated in 2face's rally, cuz that's the only feasible way I know youths can take a stand.
When gej increased fuel price I joine the protest.
This time I also partly partook, I want good governance.
When u hav a plan share it, cuz I share Ur opinion.
Jiang: OMG, look at this brain washed grown as* man, I taya for unpatriotic citizens like you, so you can't survive without America & them dollars Abi?, well then, keep being slave to the dollar & Americans.
people like you
Oh, I can't buy Nigerian grown chicken, I want imported frozen wan cause it's cheaper( doped with formalin).
Aw we can't THINK & IMPROVISED large machinery parts, let's get dollar and buy from abroad, it's easier than making ours. it's that what you want.
Don't ever quote me again Mr western puppet
Replying this Quote is a waste of time, cuz it's obvious u didn't understand a thing in my post, I fed u with facts u r here on dreamland spewing trash.
Do u think u love d naira more than me?...
Lemme do u this last favour
For d records Frozen chicken is Frozen so it won't spoil...it's not preserved with formalin cuz u can't even stand d pungent smell of formalin let alone eating what it's preserved with.
Dnt kill urself over mechanisation, wn our leaders are ready they will do what Taiwan did to make their country productive.
Our local chicken is costlier cuz it's more expensive to raise here. Not that it's better. Some imported feed does better than our local ones.
Some imported stuff are cheaper cuz over there theres constant power, and other major investments d Govt had made for businesses to thrive....
TGM2015: [s]I know you for who you are and what you are up to, so my reply is not to engage you in much discussion. But just want to allow you and fellow like you to understand the major problems that led to current economic crisis are low crude oil revenues and exchange rate.
Low revenue and crude oil production were as a result of militant activities sponsored by aggrieved politicians who with Jonathan knowledge are trained and armed in build up to 2015 elections, Obasanjo letter comes to mind. Thank God Jonathan repented and discard this group of people but forgot to disarmed them. Their acts of vandalism has also resulted in lower power supply and shortage of gas leading high cost of cooking gas.
Exchange was stable under the corruption friendly government because looted hard currencies are safely kept in banks and traded in parallel market. Also, laundered loots are transfered back into Nigeria as direct foreign investments making capital and stock market attractive and also cushion the supply of hard currencies into the system. Please, tell me what will happens if these looted money can not safely pass through financial system and people like Yakubu and our judges are keeping them in their houses, farm, soak away, etc. I am very sure that the foreign exchange market will be more liquid and its supply will be surplus even in the face of low revenue from crude oil sales due to crash price and low production.
When looted fund are taken away from financial systems and parallel market, definitely there will be scarcity or supply shortage in both financial institutions and parallel markets leading to increase in exchange rate (simple law of demand and supply), as PDP has made Nigeria an import dependent country, any changes in exchange rate will affect the general prices of goods and services. People purchasing power and demand will fall translating to low profit for industries and firms. This will lead to retrenchment, inflation and recession. Even the PMS price is as a result of the exchange rate component in the costing templates.
Now to you post, can you be sincere to this question, were companies not winding up and workers retrenched during Jonathan era? The only difference is that there are more during Buhari administration while new ones are being supported and established. Though this government has been noticed for her policy somersault but they are really in the right path of developing critical infrastructures to stimulate internal growth for SMEs and agriculture, only if power is more stable, we will have feel a little impacts of this. They working hard to drive our economy from a state where dollar will be determinant to where Naira will be the valid measurements of our goods and services. Have you ever imagined if the American wake in a day and restrict their dollar to Nigeria including trading, what will Nigeria fate? Should our country be controlled by dollar or by naira?
What we need across all religion, ethics and party affiliations now is to unite and support this government to make Nigeria a naira controlled economy and not dollar control by criticizing developmentally any wrong strategies they are taking or about to take[/s].
Gibberish
Blaming the Militants for agitating cuz their program wz stopped is pure hypocrisy. The onus is on the president to meet or negotiate, since they are the power house of the Nation.
Saying that looted fund kept the naira strong all through Gej's era is the weirdest thing I have heard tonight....
Ur point is that corruption kept dollar at 160-200... hmm I never thought corruption had advantages...
deomelo: Facts is not NL topics or bogus newspaper rubbish.
If they really are corrupt, why didn't GEJ prosecute and jail them?
Answer the simple question.
Funny how a newspaper publication is now rubbish. I wonder what u consider factual
My verdict:
Amechi is very corrupt, Goodluck didn't jail him cuz he is also corrupt, he wasn't fighting corruption.
Buhari accepted the looted funds and made him a minister cuz Buhari is The Master of corruption, just like 250milion was used to cut grass in our anti corruption regime.
raynold: the faster we realize this old men do not deserve our votes the better for this country.. we the youths are also to blame for the present condition of this country, all we do is seat back insult one another, while they continue to milk us dry. did you hear of the Romania incident, now that is a country were the youth know their right and also have rights. we are blinded by tribe, religion etc we have a long way to go.. a country were the minister of the countries capital must come from the North, is that one country.
Brother, when u vote a tyrant, u hv just submitted Ur freewill. Sorry to say but the youths can't do much if they tried...
The case of 2face's protest comes to mind.
Nig police on antigovt rally: Nobody should partake, there was intelligence report that hoodlums want to hijack the rally.
Nig police on probuhari rally: support support support.
deomelo: Of what relevance is your pointless question?
I showed you a video with okonjo and jona explaining to us that they failed to prevent what we are going through today when Nigeria was making a lot of money and you are asking me silly questions
The relevance is that Ur messiah doesn't have What it takes to lead a Nation.
People that failed had admitted their failure but the Change messiah is still blaming them.
Na blame I go chop?
I still repeat Goodluck is better that buhari any day.
Jiang: Shut up empty head, can't you brain comprehend even such simple statements, I was being sarcastic & trying to say we should look inward & not always depend on imports, Buy our own stuff with naira, Nigerians keep worrying about dollar because they import even ordinary toilet paper.
Sarcastic my ass dafty, looking inward my foot, your sarcastic question is fo.olish and to crown it all, u r using a lame example 'we import toilet paper'
So Nigerians dnt make tissue paper at all.
Hv u asked urself y is it that imported chicken is cheaper than locally grown chicken
Whatever u produce in Nigeria locally, u would always depend directly or indirectly on imported stuff, such as raw materials or machines.
So yes u will complain of dollar
....and then who told u that u can do anything in Nigeria without Foreign currency.
Which monies do they use to pay salaries: dollars gotten frm selling crude oil. That is the basis of the Nigerian budget.
No matter what u do locally as a 3rd world country, if it is not attracting you Forex then u r gone as a country.
BlackMbakara1: I'll leave you to what you know Mr. Noah... [s]so you don't know the reserve what what was use to strengthen the naira [/s]and what do you call that? Pikin! And stop blahing stupid tech that doesn't exist in naija...
It is not called subsidy my friend. Solomon grandi
Subsidising dollar is when dollar is given at 160 to muslim pilgrims way below the the inter bank rate.
Sufficient dollar in our reserve strenghtens d naira, Truth, calling it subsidy is ignorant of you.
Since the tech is still in Nigeria, what is d current rate of rice, for Ur lame mind goodluck subsidised rice to make it N8000
Bro wer r u from Mars
...plz NLders I want to donate my eyes, Nothin left to see in 9ja
deomelo: [s]Did PMB made Jonathan and Dasuki loot and share our money?
Did PMB made Jonathan and PDP loot $20 billion power funds?
Did PMB made Jonathan borrow hundreds of billion to pay workers salaries when oil was selling for $80 per barrel?
Did PMB prevent Jonathan from investing the largest accumulated revenue in the history of Nigeria?
Did PMB prevent Jonathan from building infrastructures?
Did PMB prevent Jonathan and 16 years of PDP from giving us 24/7 power supply?
If you are going to defend 16 years of PDP and 5 years of Jonathan, start by showing us what they did with the largest accumulated revenue and earnings in the history of Nigeria.
If the PDP and Jonathan did so great for Nigeria and the economy, then why keep borrowing hundreds of billions till 2015 when PMB entered office ?
Answer my questions[/s]
.
Clearly u are loosing it, when I read this pointless wierd (non- sequitor) questions, I had to check again d poster and was disappointed that u wrote these lame stuff, I have seen better arguements from you, Buh this post...smh
Tho unlike you that don't attempt my questions (u always use propaganda to avoid em')
Lemme attempt urs
For d records am not partisan. I believe a good leader can come frm any party but
With the largest GDP, GEJ
- kept dollar around N200 and N220 in parallel mkt.
- made Rice N8000
- we had more jobs (+180, 000 people kept their jobs)
- we had more companies operating (+272 companies)
Anyone can borrow, just like buhari wants to do, Buh we will see d impact of his borrowing to our economy.
Meanwhile can u tell me d current prices of these commodities in Ur area....
Now Nigerians don't care about who borrowed what, we want Food to be affordable and this is like Rocket science to Ur messiah who promised us change.
He should bury his head in shame... In London causing more pressure on the naira, cuz he's spending Forex which coulda been used for importation of Raw materials
Let's just agree for a second that they were the same corrupt people under PDP, what stopped Jonathan and his EFCC and law enforcement agencies from investigating, prosecuting and jailing them? last time I checked, they all defected while Jona was in office.
You people come up with the lamest logic to excuse away corruption.
See u just shot urself on the leg, so since gej failed to jail them; he is corrupt.
What do we call d man that his election was sponsored with looted money?; Master of corruption.
What do we call the party that accepted corrupt pdp members?
See, I dnt vouch for any party, I am concerned with policies and individuals in government.
The Nigerian politician doesn't gv , damn abt u and I, expect if u r in his linage
BlackMbakara1: Hello OP, nice write-up but just a fancy to me with the following reasons below between this government and previous:
1. Before this government took over, GEJ governemnt was borrowing to pay salaries, how can you justify that and how much was the price of crude then?
2. Are you aware that the dollar was subsidized then with our external reserve unlike now that it's been floated where market forces determine it? And that was when oil price was good.
3. Talking of rice 8000 naira; if you can subsidized the forex then, why won't it be cheap?
4. The GDP witness in those years you mentioned was because there was boom in oil price and as such there was money to pay salaries, pay contractors, share among friends, jobs and activities were going well.
5. Hoarding and sharing of dollars especially the 9.8 metre that was just discover constituted to our problem. I guess it's just a tip of the iceberg.
I could go on and on, but it's best i stop here and conclude. Our main stay is Oil, until we fully diversify we are headed nowhere.
Wake up and stop spewing trash here.
Don't misinform people on public forum
Who told u goodluck subsidised dollar
Go and research on the policies and tech. that made rice to come as low as 8k.
Dnt come here and go on and on with a lame display of Ur ignorance.
deomelo: Going by your flawed and 2 year old kid logic that we can not blame jona based on the way the people before him like OBJ and Atiku ran the country, then you can not blame PMB for how Jona ran the country.
Should we also blame OBJ, Atiki and PMB for the wholesale and institutionalized looting and stealing under Jona and also for Jona borrowing hundreds of billions to pay workers salaries?
I feel terrible for even paying you any attention.
The problem I have with Ur type is that u will be staring d truth at In d face and still b spewing trash back to back.
Obj brought GSM not d military
Goodluck made rice N8000 not obasanjo
Buhari made dollar N505 not goodluck
What is wrong with you people
D clueless goodluck kept food on my table all Tru his tenure, Ur buhari messiah came in mounted pressure on d dollar by a lame policy of restricting Forex for rice importation, what has he invested in d Agric sector that gav him d guts employ such policy.
U saw d effect on d naira...
Summary: I am not partisan, Buh what a clueless PhD holder couldn't do, a clueless ssce holder will only make it worse.
Q.E.D
Finally I have a question for you, when buhari took us into recession in 1983, was it caused by pdp or goodluck
Whenever you I hear Buhari, recession comes to mind
nairaman66: [s]Listen, I think everyone should give the APC 16 years before anyone can judge them including you! [/s]When the PDP was playing ping pong with Nigeria's finances, where were the likes of you and TonyeBarcanist It is laughable to say these kind of articules flood Nairaland to justify the wasted years of the PDP!
The APC is trying to clean up the mess PDP left Nigeria in. The PDP is an evil party that needs to be resisted on all levels as their agenda is not only satanic but anti-democratic! The PDP should hide their head in shame as we are paying currently for the mess they caused us!
The thunder wer go fire yuh still dey gym dey take Tramadol.
When will we youths see beyond political parties and bigotry.
I am not partisan, I have never been, but the 1st 2 yrs of Pdp rule was not this bad so No one is giving Buhari/Apc 16yrs.
If u want to experiment suicide go and hang urself, don't wish me 16yrs of Apc suffering.
We need a better leader cuz d cluelessness of dis Ur messiah can't be over emphasised.
Evn after the rule of this tyrant, the thrill will remain.
Jiang: Wow, you actually checked barcanistas whole garbage article, for that I commend you. As for Me, immediately I saw the beginning, middle & end I knew it was a useless piece of garbage meant to glorify the clueless otouke one. I also have no idea why Nigerians keep caring about dollars when naira is our legal tender
If u are 20+ and actually typed this (@ bolded).... I have one advice fr you. Dnt always expose your ignorance on public forums.
Google has all d answers and u r still this clueless.....
oyinkinola: ...the analysis of the op is totally absurd and bias and is disrespective to this administration 1 comparing two years of this administration to 16 years is unfair, 2 close up eyes on the action of mllitancy in Niger delta, biafran agitator towards Nigeria situation is wickedness. 3 the drop in oil price below 1 tier of the time of pdp should not be over emphasise by any analysist. 4 this government had fufil the two priorities promise to nation...war on terrorism and war on corruption! Nigerian wants more indeed!
@ Bolded...
Fulani Herdsmen killing is Agape Love.
I hate dumb bias analysis.... by political wanabees...
But what's the aim of all these Big Brother Africa, and Big Brother Naija Thing sef? Someone please enlighten me.
Have u asked urself d aim of football, 22 grown men chasing a ball around, and getting paid massively, most people see footbal d way u see bigbrother, they are all called entertainment... it changes lives, builds people's carriers and it's Big business fr d organisers
sweetboiy: Can you guys imagine the outstrageous amount Diamond Bank charge me as stamp duty fee? This is too much. Please what do I do? This is too much for me to bear in this present state of the economy. Lalasticlala please move this to the frontpage for a wider view. Thanks.
Bros my own na 1k +. If they dont , me a tangible reason, I am calling my lawyers.
After someone wz paid 5million for unsolicited sms, to sue person just dey hungry me anyhow