₦airaland Forum

vedaxcool:
APC biggest mistake was giving room to individuals who didn't share their goals and only seek pursuance of power.

EmeeNaka:
The woman just throw her support to Atiku, because she know that her office is under investigation and she need mass sympathy against impending sack.

Babacele:
Wendel Simlin Can only fool fellow fools. Why did Nigerians vote out Gej and PDP? ....because of unprecedented corruption and clueless. It was so bad that Gej's finance minister and the coordinator of the economy told us to prepare for recession in 2014 when her ministry started borrowing money to pay salaries.
I reproduce her warning below:

At least she said we should prepare for recession and which recession did not come. What of this administration that did not admit that the economy might enter recession and did not agree that the economy is in recession but said we will be out of recession.

Note, one thing that is common with this govt is lie and blame others for their mistake. Or did they come out to say d president is sick and he is going for treatment?












Brace for tougher times ahead,
Okonjo-Iweala tells Nigerians
November 14, 2014 Premium
Times
Ngozi Okonjo-Iweala
Nigerians should brace for
tougher economic times ahead,
the Minister of Finance, Ngozi
Okonjo-Iweala, has said as crude
oil prices slipped to a four year
low on Wednesday.
New York Mercantile Exchange
(NYMEX) December WTI oil futures
sold at $75.20 per barrel on
Wednesday, down $1.98, from $
74.96 per barrel the previous day,
the lowest level for a most-active
contract since September 2010.
Though the price of sweet crude,
the blend of oil export from
Nigeria, rose marginally at the
close of trading on Wednesday to
$76.96 per barrel, it has already
crashed below the $79 per barrel
benchmark approved in the 2014
Appropriation Act, concerns are
mounting that tough times are
indeed ahead.
At the end of the Federation
Accounts Allocation Committee
(FAAC) meeting for September,
Federal, States and Local
Governments were only able to go
home with N603.5 billion
allocation after they resolved to
borrow about $2.76 billion from
the Excess Crude Revenue
Account to augment shortfall in
revenue generated during the
period.
The Federal Government had
attributed the declining revenues
to the fall in prices at the
international oil market.
After drawing from the ECA,
Minister of State for Finance,
Bashir Yuguda, said the balance in
the account had dropped further
from $4.1 billion to about $1.34
billion at the moment.
But Mrs. Okonjo-Iweala said in
Lagos on Tuesday that the
economic indicators show there
are tougher times ahead.
Though she said the country’s
External Reserves rose from $
36.6billion at the end of June to $
39.48billion by October 16, and
the balance in the Sovereign
Wealth Fund at $1.55billion,
accruals from oil exports have
been

smartokc:
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