₦airaland Forum

AdeniyiA:
Pure and undiluted word of God.
He preaches & practices love by example, an embodiment of humility ...

...thank yu for your submission bro...i'm still awaiting the doctors of theology with a doctrinal grouse with the teachings of T B Joshua.

Paul the Apostle partook of the new covenant as he notes in Titus 2: 11-14 but John the Baptist was of the old covenant and this is proved by the words of Christ himself who said in Matthew 11:13 'For all the prophets and the law prophesied until John.' John was the last of the old testament prophets!

However it is written:
1Peter 1:9-12
Receiving the end of your faith, even the salvation of your souls. Of which salvation the prophets have enquired and searched diligently, who prophesied of the grace that should come unto you: Searching what, or what manner of time the Spirit of Christ which was in them did signify, when it testified beforehand the sufferings of Christ, and the glory that should follow. Unto whom it was revealed, that not unto themselves, but unto us they did minister the things, which are now reported unto you by them that have preached the gospel unto you with the Holy Ghost sent down from heaven; which things the angels desire to look into.

This means that those of new covenant like Paul had access to that salvation which Peter spoke off but John didn't since he was of the old covenant...

but strangely it is written that John the Baptist was filled with the Holy Ghost from the Womb (Luke 1:15)

The PUZZLE is: How come John the Baptist was filled with the Holy Ghost yet he didn't have the 'salvation' Peter spoke of. What really is that salvation that Paul had that John didn't have even when the latter was filled with the Holy Ghost

Over to the Theologians, Sons and Babies!

...still awaiting the stalwarts of scriptures to throw stones at the doctrines and teachings of T B Joshua!

Many have CRITICISED T B Joshua for many things. Some claim he's a GRAPHIC, MOTION PICTURE ARTIST per excellence, some claim his source of power is OCCULTIC but these accusations do not HOLD WATER because if they do we would also have to ACCUSE the likes of OLUKOYA (MFM), ADEBOYE (RCCG), KUMUYI (DLBC) etc...However a formidable accusation would be against his DOCTRINE and it APPEARS no one has anything against his DOCTRINE...

Please if you have anything against his DOCTRINE, let's examine them in the light of God's Word!

Over to the THEOLOGIANS and amateurs!!!

Dis tin no HARD @ all

Since i was born and now i'm grown i haven't seen the RIGHTEOUS forsaken nor his seed beg bread (Psalm 37:25)...If you cannot beg bread as CHRISTIAN then you shouln't beg for a husband...(afterall a husband is worth more than a bakery)

*Get to KNOW CHRIST!
*get SUPERNATURAL INFORMATION on the source of this problem-through PRAYER and FASTING.
*FIGHT in PRAYER with the new information.

and you are done...easier said than done you may say, but remember the LORD didn't promise a TRIBULATION FREE life but he promised a DEFEAT-FREE life...so FIGHT the good fight!

UNIBENi wetin dey o...team economics ow far o!

The relationship between marginals and averages is examined below:

if TR=AR.Q

where TR is total revenue, AR is average revenue and Q is quantity

then

dTR/dQ=AR.dQ/dQ + Q.dAR/dQ

dTR/dQ=AR + Q.dAR/dQ

MR=AR + Q.dAR/dQ

since MR= dTR/dQ

MR=AR(1+{Q/AR}.{dAR/dQ})

MR=AR(1-1/e)…*

where e=-{dQ/dAR}.{AR/Q} is the elasticity of demand

QU1: with the aid of the result * prove that irrespective of whether the good Q is normal or abnormal in demand, if the elasticity is infinite then MR equals the AR.

QU2. What is the range of values of 'e' that a monopolist like Dangote, for instance, would consider when making pricing decisions.

QU3. If the government of Abacha increasingly gave subsidies to Dangote to cover the extra cost per unit of extra output such that the private marginal cost becomes negative then specify the range of values of 'e' that would enable Dangote fend off any likely competitors in a price war.

NOW WE ARE IN FOR A SHOCKER


EC will not cut oil production even if the price drops
to $20 a barrel and it is unfair to expect the cartel to
reduce output if non-members do not, Saudi Arabia
said.
“Whether it goes down to $20 a barrel, $40, $50, $60,
it is irrelevant,” the kingdom’s Oil Minister Ali al-Naimi
said in an interview with the Middle East Economic
Survey (MEES), an industry weekly.
In unusually detailed comments, Naimi defended
a decision by the Organization of the Petroleum
Exporting Countries, whose lead producer is Saudi
Arabia, last month to maintain a production ceiling of
30 million barrels per day.
The decision sent global crude prices tumbling,
worsening a price drop that has seen them fall by
around 50 percent since June.
Slower demand growth and a stronger dollar have also
contributed to the slump.
Saudi Arabia has traditionally acted to balance demand
and supply in the global oil market because it is the
only country with substantial spare production capacity,
according to the International Monetary Fund.
The kingdom pumps about 9.6 million barrels per day
but Naimi said it is “crooked logic” to expect his
country to cut and then lose business to other major
producers outside OPEC.
The increasingly competitive global oil market has seen
daily United States output rise by more than 40 percent
since 2006, but at a production cost which can be
three or four times that of extracting Middle Eastern oil.
“Is it reasonable for a highly efficient producer to
reduce output, while the producer of poor efficiency
continues to produce?” Naimi asked during the
interview conducted with MEES on Sunday.
“If I reduce, what happens to my market share? The
price will go up and the Russians, the Brazilians, US
shale oil producers will take my share.”
Naimi added it is “unfair” for the cartel to reduce
output because it is not pumping most of the world’s
oil.
“We produce less than 40 percent of global output. We
are the most efficient producer. It is unbelievable after
the analysis we carried out for us to cut,” he said.

source: http://www.vanguardngr.com/2014/12/opec-wont-cut-output-even-at-20-a-barrel/


HOW WOULD THIS PLAY OUT IN AN IS-LM-BP ANALYSIS GIVEN THE MONETARY TIGTHENING REGIME, FISCAL TIGHTENING AND HIGH IMPORTS PRESSURE?

Over to the economic thinkers

Economics folks how far na...Wetin dey na...pipo dey old 4 house o ehh!

Again is it not expected that the crash in oil prices would make importation of PMS cheaper and hence reduce the pump price of PMS? The crashing oil price may have its blessings too.

efficiencie:
[b] Renowned economist Henry Boyo described the eight per cent devaluation of the naira as “a big mistake ”. He said the policy shift remained a wrong concept that will persist because the CBN has learnt nothing from history. He said the devaluation will even move to 20 per cent as the black market continues to outstrip the official rate. Boyo said the prices of goods and services will gradually go up, as importers add the increase to the cost of goods and services. He equally sees the price of fuel going up, despite declining oil price. He said Nigeria has learnt nothing from what happened to the Ghanaian and Zimbabwean
currencies. “I see the naira being devalued by 20 per cent as time progresses. I have
repeatedly said that mopping up the naira to achieve exchange rate stability is wrong. The CBN substitution of the naira allocations for dollar should be stopped. Allocations should be divided based on dollar certificates. The exchange rate for the naira will continue to fall ,” he said. [/b]

Source: http://thenationonlineng.net/new/devaluation-of-naira-the-good-the-bad-the-ugly/

Now what!? Could excess liquidity really be the reason for the pressure on the naira?

Excess liquidity bids up aggregate expenditure with private and govt consumption so much that importation is massive then this could depreciate the naira and though the long term remedy would be a structural reform that substitutes import industries with domestic industries in the short term the use of dollar certificates would stem the pressure on the naira but with a caveat. The caveat is that this policy directive would encourage dollarization and this could portend adverse consequences for monetary policy as dollarization could paralize the MPR, CRR and even OMO!

Please share your views!

[b] Renowned economist Henry Boyo described the eight per cent devaluation of the naira as “a big mistake ”. He said the policy shift remained a wrong concept that will persist because the CBN has learnt nothing from history. He said the devaluation will even move to 20 per cent as the black market continues to outstrip the official rate. Boyo said the prices of goods and services will gradually go up, as importers add the increase to the cost of goods and services. He equally sees the price of fuel going up, despite declining oil price. He said Nigeria has learnt nothing from what happened to the Ghanaian and Zimbabwean
currencies. “I see the naira being devalued by 20 per cent as time progresses. I have
repeatedly said that mopping up the naira to achieve exchange rate stability is wrong. The CBN substitution of the naira allocations for dollar should be stopped. Allocations should be divided based on dollar certificates. The exchange rate for the naira will continue to fall ,” he said. [/b]

Source: http://thenationonlineng.net/new/devaluation-of-naira-the-good-the-bad-the-ugly/

Engineer96:
Hello great economists.
I wish to know to what extent has the relationship between t statistic and F statistic been exploited to advance studies, not only in economics but in all social sciences.

Do you believe that the the relationship has been exploited at all? To what extent has it been in the advancement of knowledge in the field of social sciences.

Bro shed more light on this! The relationship between the t and F stats is purely statistical and though i know that both test stats are in use in econometric models i don't see how practically relevant the nexus between the t and F stats is towards researches in social science...but on second thoughts it appears you are on to something could you please teach us the nexus between the t and F stats and how relevant they are to researches in social science!

Put forward a correction futurewise11, that we may learn...

khattab008:
Well, Dr Ngozi argued yesterday, on a radio program, that the gov't is pursuing serious diversification of the economy, but i guess it's not that serious.

Efficiencie pls i have question:

The value of the Naira against the Dollar is falling as a result of dwingling oil prices occasioned by a fall in the demand of Brent crude, Right?

If so, since we are an oil dependent economy, the decrease in the demand for oil also translates into a decrease in the demand for our local currency, hence the fall in it's value.
Is this(decrease in the demand for Naira) main reason why the value of naira is falling?

A look at the balance of payment components will supply the answer to your question.

As far as the current account is concerned the oil price drop reduced our net export volume and this is reflected in official settlement account by a reduction in foreign reserves. The drop in net exports and hence reserves signify a drop in the supply of dollars (our reserve currency) given the demand. And since demand for dollars is ever increasing due to rising imports the excess demand for dollars (amidst dwindling reserves) will bid up the price of dollars and thus reduce the value of the naira.

On the speculative side, dwindling reserves as a result of the oil price drop may trigger a speculative attack as forex players will anticipate the rising value of dollar vis-a-vis the naira and will demand for more dollars now to sell later hoping that the oil price falls even further. This adds to the excess demand for dollars and depletes the value of the naira.

On the capital account side, investors may interprete the oil price fall as bad news and this may trigger massive capital outflow and thus diminish the value of the naira.

...the solution will fail ultimately due to the following reasons:

i. The solution assumes that FG is not corrupt already. FG will never create an agency to fight the elite group it belongs to if it is corrupt.

ii. The solutions assumes the agency is not corrupt and that the agency itself must not vet the assets of its own members. The agency itself will become powerful and soon become a weapon of oppression.

iii. How and who would fund and staff the agency...'whoever plays the piper dictates the tune'

Not a great solution!

Mr KnowAll suggested the following SOLUTION TO THE PROBLEM OF CORRUPTION Read and [size=20]SUGGEST YOUR OWN SOLUTION TO CORRUPTION IN NIGERIA[/size]

KnowAll: Final Solution
1. The Federal Government should establish a new
ministry or Agency called the Federal Vetting Agency or
Federal Asset Declaration Agency either of those names
will do.
2. The Agency should have a Chairman based in Abuja
and 36 Commissioners based on each of the states of
the federation.
3. The aim of the agency is to Vet all political office
holders from councillors to the presidency.
4. All future political office holders should declare their
assets in an asset register before they can run for an
elective post.
5. The Agency should have a web site which should be
made public, people can check what the assets of
prospective candidates running for various offices.
People who have chosen to run for public office should
be scrutinized by the public.
6. The Agency will issue each political office holder a
certificate after verification has been concluded, this
certificate should have been received 3 months to the
commencement of elections.
7. A recent case that I read on the Net about the
Governor of Ebonyi State buying 5th hand peageout
305, 11 years ago and now he is worth N80 billion will
not happen in future.
8. With this method 90% of the resources of each state
and local government will be spent in those states and
LG.
9. The EFCC should be incorporated into this new
Agency and will be the prosecution arm of the agency.
They will investigate any case of misappropriation or
allegation of fraud.
10. I think this method will eradicate 90% of fraud and
embezzlement. A man before he became a Governor has
one house and all of a sudden after he becomes a
Governor has houses in every city will be questioned on
how he came to acquire such wealth in short space of
time. If he cannot provide a good reasons how he got
the this sudden wealth, the agency will be given the
power to sell those properties and the proceeds put
back into the coffers of the state or LG, or Federal
Ministry as the case may be.

now GEJ knows how susceptible oil price is to a myriad of factors that are outside the scope of the control of monetary, fiscal and even foreign policies yet he encourages dependence on oil proceeds so much that 70% of govt spending and 90% of our foreign reserves are sourced from oil!

What a shame!!!

Jonathan said he expected not to have to cut the
government’s benchmark oil price further because of
estimates that crude could stabilise at between $65 to
$70 a barrel next year.

But he warned: There is no iron-clad guarantee where
oil prices are concerned due to numerous underlying
global, geo-political factors that are outside our control
and unpredictable.

“Should prices fall below the range, the country would
have to make further adjustments.”
Brent crude slumped to a five-year low under $59 in
trading on Tuesday.

Nigeria is Africa’s largest oil producer and depends on
crude exports for 70 percent of government revenue
and some 90 percent of its foreign exchange earnings.

The downward revision of the benchmark has already
led to changes in next year’s budget forecast and
prompted the finance ministry to impose belt-tightening
measures.

Nigeria goes to the polls to elect a new president and
parliament in February next year and the funding
squeeze could force politicians to reign in spending
pledges.

Given Nigeria’s oil-dependent economy, Okonjo-Iweala
has described the fall in global oil prices as a “serious
challenge” to the country.

The ECA should have been well-funded from when
prices were higher but the government has been
repeatedly accused of raiding it to meet budget
shortfalls brought on by corruption.


source: http://www.vanguardngr.com/2014/12/oil-prices-fall-range-govt-make-adjustments-jonathan/

efficiencie:
Inadequate gas supply and frequent sabotage of the
pipelines had contributed immensely to lack of
electricity supply in the country.

“We are constrained due to the gas challenges and it
has contributed to the drop of power generation to
3,500 megawatts, he said.

The senior special adviser said that available power
generation capacity currently stood at 6,000 mega
watts while system capacity stood at 5,000 mega watts.
Edozie said that the real challenge of epileptic power
supply was caused by gas inadequacy.

Presently, power generation as at today stood at 3,500
megawatts; we have not gone below that but we are
gradually beefing up the generation to hit 5,000 mega
watts as promised.

The Ministry of Power had indicated on its website that
64.01MW of electricity was stranded on account of the
weak and insufficient equipment used in distribution.

The national electricity generation has dropped to
2,954.51 Mega Watts in the latest setback for the
authorities to meet the expectations of consumers.

The ministry said 3,206.09MW was generated as at
Dec. 2 only to drop to 2,954.51 by Dec. 11, a
reduction of 251.58MW in nine days.

The Transmission Company of Nigeria (TCN) from which
the power distribution companies source electricity has
the capacity to transmit 6,000MW.

Peak energy demand forecast for the market is 12,800MW. The Federal Government planned to generate 5,000MW
in 2014. (NAN)


source: http://www.vanguardngr.com/2014/12/power-supply-drops-3500mw-due-gas-challenges-special-adviser/

The bolded comments raise issues to be addressed:

The problems causing power outtage are said to be:
i. Inadequate gas supply
ii. Pipeline vandalism

Yet it's agreed that we have a 'power generation capacity' of 6000 megawatts but yet we generate 3500 megawatts (58%) due to gas shortage and pipeline vandals.

With this deficit, we have a peak power demand of 12800 megawatts. Now that means that compared to the peak demand we generate about 27%.

This means that asides curbing pipeline vandalism and increasing gas supply there must be an increase in the power capacity by 97% from 6500mw to 12800mw.

This increment at the pace at which the federal government is going cannot be achieved. But if power generation is devolved, the states could handle policing better and healthy inter-state competition could be enhanced.

The following data can help:

State [%Pop] (share 97%)*
Kano [6.7%] (6.5%)
Lagos [6.4%] (6.2%)
Ondo [2.5%] (2.4%)
Osun [2.4%] (2.3%)
Nasarawa [1.3%] (1.2%)
Bayelsa [1.2%] (1.1%)

Source: http://www.nigerianmuse.com/20070820063612zg/sections/important-documents/nigeria-2006-population-census-arranged-by-state-wikipedia/

The population size is a strong spatial determinant of the demand for power and it's hence expected that power generation responsibilities should be rationed by the relative population size of states represented by percentages above.

Assuming that the required 97% increment is allowed to be supplied by the states according to the relative population size and assuming these ratios hold for 2014 then Lagos and Kano would only have to bother about increasing generation by 6%, Ondo and Osun by 2% and Nasarawa and Bayelsa by 1% with each state meeting it peculiar demand...

Why would the FG devolve this responsibility!?

Inadequate gas supply and frequent sabotage of the
pipelines had contributed immensely to lack of
electricity supply in the country.

“We are constrained due to the gas challenges and it
has contributed to the drop of power generation to
3,500 megawatts, he said.

The senior special adviser said that available power
generation capacity currently stood at 6,000 mega
watts while system capacity stood at 5,000 mega watts.
Edozie said that the real challenge of epileptic power
supply was caused by gas inadequacy.

Presently, power generation as at today stood at 3,500
megawatts; we have not gone below that but we are
gradually beefing up the generation to hit 5,000 mega
watts as promised.

The Ministry of Power had indicated on its website that
64.01MW of electricity was stranded on account of the
weak and insufficient equipment used in distribution.

The national electricity generation has dropped to
2,954.51 Mega Watts in the latest setback for the
authorities to meet the expectations of consumers.

The ministry said 3,206.09MW was generated as at
Dec. 2 only to drop to 2,954.51 by Dec. 11, a
reduction of 251.58MW in nine days.

The Transmission Company of Nigeria (TCN) from which
the power distribution companies source electricity has
the capacity to transmit 6,000MW.

Peak energy demand forecast for the market is 12,800MW. The Federal Government planned to generate 5,000MW
in 2014. (NAN)


source: http://www.vanguardngr.com/2014/12/power-supply-drops-3500mw-due-gas-challenges-special-adviser/

khattab008:
Hmmm, You have really gone far oo.

We are still new in the game.

Every writer, research and analyst all started from somewhere...so start bro!

khattab008:
Are you an energy economist

oh not necessarily but i'd love to coauthor a paper with a lecturer friend of mine on issues relating to oil price shocks and its implication for monetary policy and targets.

By God's grace i'd like to delve deep into Game Theory and its applications to politics, macroeconomy and international trade and finance...

Upcoming Conferences

THEME: FUTURE ENERGY OPTIONS: POLICY FORMULATION,
ASSESSMENT AND IMPLEMENTATION

VENUE: INTERNATIONAL CONFERENCE CENTRE,
ICC, UNIVERSITY OF IBADAN, IBADAN, NIGERIA
DATE: APRIL 26TH-28TH, 2015.

TO VIEW THE CALL FOR PAPERS 8th NAEE/IAEE ANNUAL INTERNATIONAL CONFERENCE Go to: http://www.naee.org.ng/1/images/8th%20Call%20for%20Papers.jpg

Sola Shobo: Hello everyone here, I will appreciate if we could
all for once put sentiments aside and be objective
in our opinion. If you don't have basic
understanding about how economy works, try not
put your mouth in this very matter.
For me it is appalling if an harvard trained
economics, is talking about our economy like a
kindergarten economist! And some of you see
nothing wrong in that! Few months back, she said
Nigeria is the biggest economy in Africa! And now,
naira is rocketing in fx market! Omg! You people
are the biggest joker honestly! Tell me the
importance of a big economy (gdp to NI), and all
of sudden you are saying buckle up for hosterity.
Call a spade ♠, a spade! She is leading the country
to a ditch. That was why she could be preparing a
budget on an unrealistic assumptions more than
once, yet find it amusing like a child's play. I bet
you, Nigeria deserve more. All economist knew
what was coming our way since we are dependent
on oil. I want to ask; when your biggest buyer
started sourcing her product elsewhere, what
become of you? I bet you will continue spending
large, and throw caution to the wind! Right? That's
what she did. Now all her crook friends now holds
all their liquid funds in dollars for sale at later date.
Continue to clap for them oo, when they are done,
they go back to America but you, where will you
go, Ajegunle.

Here's a response to the above comment can we please throw more light?

...However, Dr Ngozi, like a serial offender, had simply
addressed the one matter on which she will be
exonerated. She had left the other charges of
incompetence, self-serving public utterances and
subordination of the national economic interest to the
political ambition of her boss. In that regard she had
done severe damage to the economy and to President
Jonathan himself. Her departure, either through
resignation or dismissal is a matter of time. And the
reasons are not hard to find.
First, she sent a budget to the National Assembly, with
$78 as benchmark, at a time when the price of crude
oil was already sliding downwards. We told her $78 was
unrealistic; she stuck to her guns. Second, when crude
came down to under $80 per barrel, she sent her
“more realistic” budget based on $73 per barrel. Again,
we cautioned that the figure is still unrealistic. As fate
would have it, the price of crude oil fell below $73 per
barrel the day after she was beating her chest about
presenting a “more realistic” budget. That second
budget is again on its way to the trash can – after
millions of naira had been spent on it. On Friday,
November 28, 2014, the price of Brent crude, Nigeria’s
light crude went below $73 and it is expected to fall
further. The consequences of the difference between
$78 and whatever will be the final destination for
Nigeria are extremely grave. Yet, the Minister of Finance
is down-playing a global, as well as, a national
catastrophe about to occur. That is the reason she
should pack up and go or be shown the way out.
Certainly, no Chief Financial Officer of First Bank, Shell
or Nestle S.A could have been wrong so often in a
matter of days and survive the embarrassment to the
company...

http://www.vanguardngr.com/2014/12/goodbye-okonjo-iweala/

efficiencie: a. To what extent can growth rate in Nigeria be hinged on labor force growth.

considering the disconnect between new entrants into the labor market and vacancies...UNEMPLOYABILITY should come to mind!

Let's examine the Solow Model.

Given an open economy with a government with aggregate output relation:

Y=A(K^α)(L^β)(e^vt)...1

From 1

dY/Y=v+α.dK/K+β.dL/L...2

But it is assumed that labor grows at a rate 'n' and hence

dL/L=n...3

Also capital growth is given as:

I=dK+δK ...4

where 'I', 'F' and 'δ' are private investment, foreign capital and depreciation respectively.

But given the keynesian identity:

Y=C+I+G+X-M...5

Since X-M=F according to the BOP equilibrium rule then 5 becomes:

S+T=I+G+F
S+T-G=I+F
S+S*=I+F ...6
where total savings is the summation of private savings S and public savings S*=T-G

And since:

S=sY...7
S*=s*Y ...8
where 's' and 's*' are the savings ratios in the private and public sectors

Equation 6 becomes
sY+s*Y=I+F

From 4
sY+s*Y=dK+δK+F
sY/K+s*Y/K =dK/K+δ+F/K
s/σ+s*/σ=dK/K+δ+f
Where σ=K/Y and f=F/K
Hence

dK/K=s/σ+s*/σ -δ-f...8

On plugging the value of dK/K in the equations 2 and 8 into the equation 1 we have:

dY/Y=v+αs/σ+αs*/σ-αδ-αf+βn

G=v+αs/σ+αs*/σ-αδ-αf+βn ...9

The Solow model as a planning model shows that growth can be sourced from:
i. Technical progress 'v'
ii. The productivities of capital and labour 'α' and 'β' respectively
iii. The savings ratios in the private and public sectors 's' and 's*' respectively
iv. The capital output ratio 'σ'
v. The rate of depreciation 'δ'
vi. The growth rate of labour 'n' and
vii. The ratio of foreign capital to private capital 'f'

Now let's discuss the variables 'n' and 'f'

a. To what extent can growth rate in Nigeria be hinged on labor force growth.

b. We produce 'high level' manpower every year as graduates and professionals and can we say this 'high level' manpower is instrumental for growth as seen in the equation 9

c. The equation 9 shows that as the negative balance on the capital account increases in relation to private capital, indicating a rise in foreign reserves in relation to private capital, the economy's output grows. How relevant are foreign reserves in the coffers of the CBN to growth in Nigeria.

blesie:
I just wish to share my honeymoon bitter and sweet experience for you and also get inspiration.

A little Intro to how it all started: So i met this guy during the course of work in my former office and he started chasing me, my colleagues then ask me not to agree that he looks like a player. He looks like one that never get a No for an answer, so me and my colleagues use him to have a good lunch, dinner or whenever we just feel like going to that cinema, he won't ever dissapoint, he'll take us there, a year after i left the company but he kept on chasing, so one day i was passing through some difficult times in my career, i felt like resigning but he came to me and advise me wisely, he told me how to tackle the challenges and when i did, it works perfectly so i started liking him, so i called him that we can date if only he will adhere to my conditions, he asked me to list the conditions and i did as stated below:
1) No Sex
2) No romance
3) No Kissing
Infact no touches.

He agreed with so much pains in his eyes, but after 6 months of dating, we begin to hug anyway and light kisses.

But through out the relationship, i was always walking with shoulders held very high up there, thinking that shebi he's the one begging me, i will scream and always want things done my way.

For a year, i misbehave alot but after i begin to be the girl he would want me to be, i wasnt really shouting or screaming anymore but i was still so full of pride, but i started loving him very well.

On the first week of August he proposed, and we got married over 2 weeks ago, the wedding went well everyone was happy but after all the happiness, dancing, eating and greetings by friends and family, i found out later i was left with him in the car and the driver.

We went into the hotel room that evening and he started answering calls, so i use that opportunity to rush to the bathroom and took my bath, after i finish bathing, lying down on the bed and thinking of how sex will look like, he tapped my leg and said i should come and bath him, i was like, bath you? how na, he said i should not waste his time, i wanted to say something again and he opened his eyes, the way he has not opened it before so i was scared, i jump off bed to the bathroom and started pouring water on him, he ask if i was in my right senses in a very fierce way, i shake my head saying yes, he said he doesnt think so that if i was i will be unclad by now, so i told him i wasnt going to bath him anymore, i left, went to the bed and lie, he completed the bath and came to meet me in the room.

He held me and said, yes i married you, he didnt say anything again he just stared at me, then dragged me closer and started kissing me, then he said i should UnCloth him, what was surprising to me though was that his stuff was now 300% bigger than what i saw while i try to bath him, i thought maybe he had used something on it so i started to shift back, he pulled me back and i never knew how powerful he was until that evening, cos his hands just seem to be pulling me like im an ant, at that point i tried to fight him but he practically raped me, i screamed and shouted my life out but it seems he is enjoying the shout so i started to remain calm and then he said hold me, hold me very tight and i remember my mom telling me, do whatever he says to make him happy, so i grabbed him with two hands very tight to my body and as i did, i also started enjoying the sex so i started calling him baby.

After the first round, it was like i had an accident, i was so tired i couldnt stand up, i couldnt even hold a paper i was breathing fast, it felt like i will die, i ask him to get me lucozade or something to regain my energy, he gave me drink and i just wanted to sleep off, he came waking me up and wanted to start another thing, i screamed at him and he said look at me very well, you see all that up shoulder you use to display while we were dating? you've got to drop it at the wedding reception because if you take it to the wedding, you will just be crying, do you know how many years you make me impotent, should i analyse the insult you gave me and all of that, now respect yourself, stand up and do the needful.

Fear crib me like i have made a mistake, i cried and ran down to the bed to UnCloth he said no way, now i want it standing, i tried to imagine how somebody will stand to have sex but before i could finish thinking, he's dragged me out of bed and there it goes, painful and annoying i was just crying.

After he finished that, i went on my knee to beg him for forgivenness for all the shout and scream i use to shout at him that i was ready to make a new turn, he said fine, that the new turn will mean that i will now respect and do everything he wants me to, i said yes i will do.

Then he said, come on suck this, you won't imagine what he ask me to suck , how in the world can a husband be so wicked

I said not this, he said ok, seems you are not ready to comply, he came for me and i bit him, fought him, he allowed me beat him after i finish beating him, he raped me and its really hurting me like i want to die.

Now everyday he made me suck him, all the bad things one could dream of is what he likes, if he ask me to do something and i refuse he wont beat me, instead he will come for me and rape me.

I am so tired, i don't know why one man will want to have sex up to countles times in a day, i was just wondering.

UNTILL HE CAME TO REVEAL TO ME TODAY THAT HE IS PUNISHING ME FOR WHAT I DID TO HIM OVER THE YEARS.

He finds joy in doing it and im so pained, is he going to change, should i report him to our pastor or my parent?

Oh! So you have a pastor to report to? That means you two were joined by a Man of God[/b]That's funny! Did you two attend marriage counselling before marriage? Are you two even Christians? [b]Pride, vengefulness, distaste for God's law on sex and marriage and or.al s.ex (I bet he tried an.al too but you probably feel too disgusted to state that and if he hasn't watch out he may try it sooner than you think) and yet you speak of reporting to your pastor...Na wetin yu wan report? If you like report to CAN or PFN it's too late. Vows have exchanged. A covenant sealed by rings is in place. Sister, no offence, enjoy your marriage! I pray divorce won't be the medicine that heals you of the pains of marriage...as for the unmarried, shine ya eyes well well...a marriage without God, is a marriage made in Hell...

khattab008:
NBS should probably be given some sort of autonomy.

yes sir! that's it...until the NBS breaks from stronghold of the govt our data cannot be trusted...Imagine calculating GDP growth rate (year-on-year) and getting 20% 80% or 140% is that not outrageous? if those figures were true then we would be in the security council of the UN Dont mind me!

Can you imagine the stress you go through just to get data from NBS! I suspect they collect data and keep it for policy makers and not academics or independent researchers.

We need an autonomous NBS indeed!

khattab008:
Op, nice thread, definitely following.


A lecturer of mine recently said ''No economy can make meaningful progress when it's citizen's consume what they not produce, while consuming what they do not produce''.


Personally, I believe that the main reason increased to the current $510b or so, was as a result of inflation.
That seems to be the only logical explanation for the overnight astrounomical increase(although our production level has increased overtime but sufficient enough).

We need to start exporting value added goods, rather than raw materials, to reduce our unemployment level, increase our income and to bring about much needed development.

@Efficiencie: am my views in line?

My bro you are so right! I wonder why 'DEVELOPMENT' is such a dreaded term!? Our policy makers and OGAs at the top are only happy with word 'GROWTH' but they frown at 'DEVELOPMENT'.

First, our 'GROWTH' is not sustainable. Nigeria's dependence on oil is deadly. The oil sector has generated environmental concerns, held us to a 'federalism' that's not working, made Nigeria vulnerable to oil price shocks and deepened the effects of the Dutch disease in Nigeria. We cannot continue to grow like this. This kind of growth is futureless, rootless, ruthless and deadly!

It appears we have a ruling elite sponsoring and profiting from the current state of the country. I believe this elite thrives on the lack cohesion, decisiveness and tact among poor Nigerians.

It's such a pity!!!

efficiencie:
If the keynesian identity 1 holds for naija

Y=C+I+G+X-M ...1

With consumption defined in terms of income and tax

C=c(0)+c(1).(Y-T) ...2
where 0<c(1)<1

With tax partly lump sum and partly proportional

T=t(0)+t(1).Y ...3
where 0<t(1)<1

With investment defined in accordance with the MEI theory and accelerator theory

I=i(0)+i(1).r+i(2).δY ...4
Assuming that δY/Y=g suggesting a constant growth rate 'g'.
i(1)<0, 0<i(2)<1

With government being fiscally profligate such that when Y≥√(g(1)/g(2)), dG/dY≥0 and when Y<√(g(1)/g(2)), dG/dY<0 suggesting that at the threshold when Y*=√(g(1)/g(2)) government behavior changes

G=g(0)+g(1)/Y+g(2).Y
where g(1)>0, g(2)>0 and

Exports is assumed to be oil exports alone and is determined by nominal exchange rate 'e' and international oil price 'P' assuming domestic oil price to be numeraire.

X=x(0)+x(1).e+x(2).P
x(1)>0, x(2)>0

Imports is assumed to be non-oil and is determined by nominal exchange rate and income

M=m(0)+m(1).e+m(2).Y
m(1)<0, m(2)>0

Given the above information:
i. Solve the system for income Y

ii. What effect would a permanent reduction in oil price by: δP=P' have on income Y

iii. How would the consequence of a permanent oil price change of: δP=P' on income affect government spending decisions

anyone attempting this!