Ektbear's Posts
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^-- Hmm: That would be the [size=14pt]Ultra-Orthodox Hasidic[/size] broadsheet Der Tzitung, published in Brooklyn. The paper photoshopped Clinton, as well at the only other woman who could be seen in the room--Audrey Tomason, the national director of counterterrorism--out of the frame.http://news.yahoo.com/s/yblog_thecutline/20110509/ts_yblog_thecutline/wheres-hillary-hasidic-paper-breaks-the-rules-by-editing-her-out-of-white-house-photo We should all join hands to say no to religious extremism/zealotry. Whether Jewish, Muslim, Christian, Hindu, or whatever ![]() Such beliefs are not compatible with modern society. |
I'm a fiend for dimples. Girl on the right is tiny, but looks cute. lmao @ PhysicsMHD |
Very strange guy. Spending as money as he can before he leaves office, I guess ![]() |
By Stanley Oronsaye May 10, 2011 12:17AM print email The Central Bank of Nigeria (CBN) seems to be losing the battle to keep the naira within the two or three percent band as the naira closed N153.03 yesterday at the official window. This is 4.03 percent above the figure at which it opened the year. Even though demand for dollar has dropped in line with the CBN projections, the value of the currency is still depreciating. At yesterday’s Wholesale Dutch Auction (WDAS), the CBN sold $300 million, compared to $350 million supplied at the previous auction. The depreciation may be in deference to the recent advice by the International Monetary Fund (IMF) that the CBN should allow market forces to determine the real value of the currency instead of the earlier approach by the CBN to defend the currency using the foreign reserves. This led to massive depletion of the foreign reserves which dropped to $33.45 billion from a peak of over $62 billion in 2008. Fiscal and monetary policies According to the Nigeria mission chief of the senior resident representative of the IMF in Nigeria, Scott Rogers, that advice, issued in November is still relevant. Speaking at a forum last week in Lagos, he said there is need for coordination of fiscal and monetary policies. “The dilemma is, do you allow the exchange rates depreciate, or do you raise interest rates, both of which have adverse and beneficial effects.” He said allowing more flexibility in the exchange rate would mean less pressure on the foreign reserves and interest rates. “The CBN has to bring all the tools at its disposal to respond to the shock in the economy. The Central Bank has made it quite clear the importance of exchange rate stability in their strategy. This is a sovereign decision and we respect it.” He said going forward, the IMF would be tailoring its advise to achieve the stability and bring down inflation. According to him, the government would have a task of bringing interest rate down unless it first reduces the inflation rate. Mr Rogers said the increase in interbank rate from two percent in September to 10 percent was significant considering that the country has earned more during the period. “Oil production is at between 2.3 to 2.4 million barrels per day and foreign reserves are not rising. The question is, how high do interest rates have to go to get reserves to start rising. One answer to that question depends on the budget.” Fiscal discipline He said once there is fiscal discipline, the government would save more and the pressure on the exchange rate would ease. Already, the minister for finance, Olusegun Aganga has said government is determined to ensure fiscal discipline in this year budget. According to him, the original N4.226 trillion budget sent to the National Assembly was meant to mark the beginning of fiscal consolidation and to narrowed the deficit to 3.26 percent of GDP from 6.06 percent in 2010. The National Assembly raise the figure to N4.9 trillion. Mr Aganga said the budget as passed by the legislature was unimplementable saying he was concerned about the high level of borrowing that it would induce. This would further put pressure on the interest rates and inflation. http://234next.com/csp/cms/sites/Next/Home/5698820-146/central_bank_losing_battle_to_defendnaira.csp |
that profile is worth viewing, lol she is pretty hot |
PhysicsMHD:Fine, I agree, historically that has been the case. But if we are supposed to believe all these GEJ Though in this case, I agree with them. There are three southern zones. What do you mean by outnumbered? Population wise?Indeed, by the fake population figures, yes. What do you mean by this?I thought the story being sold before was that this new PDP is a NC+SS+SE alliance. So if the North is still dominating things. . . someone really fvcked up, basically. I meant that the issue of fake population figures and bold faced lies like "Kano state is more populous than Lagos" could be a pretext for taking Nigeria from the system it currently practices to a system in which different areas have more autonomy. If they want to keep the population claims, let them, but the system should be set up in a way that their supposed population dominance does not affect the ability of other areas to govern themselves well.I'd like an accurate census as well (Lagos's pop is clearly underestimated, I suspect the same of Oyo), weakened central government, all that stuff too. But to paint the current events as some Northern domination plot seems. . . weird to me. It is just some horse-trading. Doesn't seem nefarious to me. |
[quote author=Chyz* link=topic=663672.msg8289406#msg8289406 date=1304996688]Yes they do. Its quite clear that you've forgotten how many seats the opposition got. It's a lot. The SE leaving to join APGA would devastate PDP. Leave your sentiment alone, because you're not making sense with it.[/quote]Looks like you are correct: For the House of Representatives, of the total two hundred and thirty four seats declared, one hundred of the seats went to the PDP. Evidently the new chief opposition party, Action Congress of Nigeria (ACN) carted home forty seven of the declared seats. Other parties shared sixty-four seats.http://allafrica.com/stories/201105090750.html Not sure why I thought they had a much higher fraction of each body. |
PhysicsMHD:Why do you say that the PDP is a Northern party? What is your basis for saying this? OBJ and various other scoundrels distributed across the country seem to be the prime movers. If all of the south leaves PDP, there'sOutnumbered by the 3 northern zones 2) a chance of the completely northern PDP weakening and fracturing along middle belt vs. core north lines, and the north being permanently weakened, or the middle belt might choose to align with one or all of the southern groupsIf that happens, then effectively you've replicated the PDP, but with the northern elements kicked out and weakened. It seems to me that if your goal is to weaken the Northern elements, there are probably better ways of doing it, no? |
[quote author=Chyz* link=topic=663672.msg8289381#msg8289381 date=1304996113]A big chunk of the "majority" are from the SE. duh. If the SE leaves the opposition grows and PDP 's influence becomes weak.[/quote]Do they lose their overwhelming majority even if all of the SE leave for APGA? No, they do not. jason123:LMAO. If my papa becomes president, I'm not leaving his party for anyone ![]() No chance of the SS leaving PDP while GEJ remains in office |
[quote author=Ileke-IdI link=topic=663672.msg8289372#msg8289372 date=1304995947]The same non performing, incompetent PDP party? Seriously, even if PDP originated in your region, is that sth to be proud abi?[/quote]+1. Then they shouldn't complain if the PDP is screwing them over. After all, it is a SE party, roflmao Obiagu1:So what? I guess I'm not following where this is going. Obiagu1:How is OBJ strong enough to marginalize you after joining your own party LMAO. Perhaps it isn't your party to begin with, eh? |
SS would abandon PDP, despite the president being from there? Why? Because the SE abandoned it? ![]() Are they fools? Anyway, let's say SS and SE abandon it both. GEJ remains in PDP, but his support base has left him. Then the PDP becomes an almost entirely northern party. How does that kill or punish the PDP? |
Obiagu1:There is no real rightness/wrongness associated with this stuff. . . just politics and horsetrading. SE doesn't have any real moral claim to the speaker position. If SE PDP members decamp to APGA, then the end of PDP is near.How so? Still a majority in the house and senate even w/o the SE zone, no? |
There was a female Ooni? 21ST LUWOO (FEMALE)Interesting! |
Obiagu1:Hehe. I don't understand how the guy is so powerful. He is hated in the SW, disliked in the North, and probably not liked much in the SE or SS. Why is he so influential? Very interesting stuff to me. |
zstranger:Indeed. That is pretty clearly the SE strategy. But we seem to be at least 3-4 steps ahead of them, fortunately. The North and the SW have always worked together, we actually get along with the North than with any other group in NigeriaUntrue. Before the first coup, it was North and East against West. Neither of them are our friends. . . both are our enemies, truth be told. |
You essentially made the same mistake the SW did in 2003. You can support GEJ for president and get concessions w/o being in the PDP. Look how Mimiko did it, for example. Did he jump in with ACN or PDP? No. He is forging his own path. Retaining this LP party locally in Ondo State, but allying with GEJ to gain concessions for his party and state. He maintains his distance from both the ACN and PDP, but works with both as needed. Is the only way to support GEJ to be in the PDP and have to contend with all the forces there? |
Justcash:It isn't as if he wants to neglect Igbos, imo. But the problem is, there are so many other mouths to feed in the PDP. How do you force him to focus on your zone over the other zones and forces in the PDP? You see the issue, I hope? NE is playing this aggrieved card, NC plays continuity card, OBJ has played this continuity, "give PDP SW something" card. NW has their own wahala, then he likely cut some side deals with the ACN too. There are just too many factions in the PDP, many with a much stronger voice than ya'll. |
It is all about leverage. Some gave away their leverage for free (or at least, w/o any way to ensure delivery of whatever was promised before the elections.) Nobody should be surprised by the end result. |
bye bye Boston ![]() |
I dey laff maybe you should face the OBJ/GEJ who is tormenting you instead of shedding tears about the ACN |
I'm a little concerned by this Transmission Company of Nigeria. Already, it is appearing to be the weakest link. I'm starting to think that it should be privatized too, lest it slow down progress elsewhere. Also, how will Nigerians react if/when the price of electricity is revised upwards by 4X? It is a necessary step, but they might respond poorly. |
The Nation: New electricity tariff coming next monthhttp://www.thenationonlineng.net/2011/index.php/business/5473-new-electricity-tariff-coming-next-month.html |
Lagosboy:I don't understand why he cannot appoint temporary commissioners. As you allude to, part of being a good leader is having the right team to help you turn abstract objectives into a specific plan/agenda. I listened to his interview on SR and wasn't really that happy with his justification for the delays. |
I see no frontals on this woman |
The best laid schemes of mice and men |
sandokaa:Which Bauchi can she be from? Did you not hear her mother speak? Yoruba-accented English. |
I wonder if we just need more business training in Nigeria or something. There is no where in the US where Igbos are dominant. . . they are largely like everyone else here. So it isn't so much that Igbos are amazing so much as, if what X-Factoria is saying is true, the competition in Nigeria is lacking. I dunno. Anyway, competition is good. Don't give up. Learn from what they are doing and feed them their own medicine. |
@lawyer: Interesting post. So you think a May 2012 date (one year from now) of starting construction on the airport is too ambitious? If that is the case, fine. . . so be it. Perhaps it'll be pushed back. But sooner or later, if they plan on making this FTZ a reality, they'll need to build an airport. |
lawyer:You misread. That is when construction is expected to start. |
liquid7:Sure, there is a market. But that there is a commodities board for corn doesn't mean you cannot buy it more cheaply in Illinois or Iowa than say in Nigeria, where no corn is being grown. There are advantages to living right next to the Niger Delta. Not to mention FG subsidies/price controls (e.g., on petrol/kerosene/diesel in Nigeria.) Long story short, gas is cheap. But even at that no company there will buy gas for power unless it is needed for part of their production since the grid is far cheaper.I know this because an irish friend has started a medium sized factory there and got 2 years free electricity as incentive.How much is he paying per MW for his electricity? What about labor costs in Ireland vs Nigeria? Etc, etc? Anyway, whatever. . . whether anyone likes it or not, investment will continue in Lagos specifically and Nigeria more generally. And this Lekki airport and FTZ will happen. |
^-- No one else had a contact in government to help influence the sales? It is a bit dirty, but then two should be able to play at that game. Certainly no one should expect them to be kind to competition. |
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LMAO. Perhaps it isn't your party to begin with, eh?