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Politics / Re: An Old Sun Newspaper Reporting Fulani Herdsmen Killings In Benue by EMANY01(m): 11:10pm On Feb 26, 2018
At some point, it has to end or don't you think so?

11 Likes

Politics / Re: PHOTO: Abandoned NEPA Helicopters Rotting Away by EMANY01(m): 5:33pm On Feb 08, 2018
AiiVee:
but what I don't know or understand is how the chopper is supposed to help boost electricity..abi they want to use it to replace ladders ni...

It is used for the construction, commissioning, trouble shooting and maintaining the ultra high tension lines that run across the country, especially in hard to reach topography (Hills, forests, cliff edges etc) they are also used to rapidly deploy personnel, parts and equipment to critical power facilities (substation and the likes) when they develop faults or when some force majure incident occurs.
Lots and lots of reasons why Transmission and distribution companies in the power industry would need helicopters for their operations, in a very integral way not just for bragging rights.
The fact that they don't is one more explanation for the state and performance of Nigeria's power (generation, transmission and distribution) sector.

2 Likes

Politics / Re: Cia Declassified Report On Gen. Gowon Regime,post Civil War ( Pic) by EMANY01(m): 9:58pm On Jan 21, 2018
hucienda:
Per this report: The 30-month war ended abruptly without guerrilla fights subsequently. The Gowon-led FMG at Lagos was conciliatory to the Igbo at war's end - albeit with fierce opposition. Maximum respect to General Effiong who bore the ultimate role - that neither Gowon nor Ojukwu wanted to bear - in ending the war and preventing further deaths. Imagine for a second, a soldier surrendering to his juniors at the end of a bitter war - to save lives and end the bloodshed and anarchy. IMO, General Effiong is the man that stands tall in that dark moment of our national history 1966 - 1970.

It appears the NRC's role ended 30 June 1970 - six months after the war's end.

The report written in 1970 was indeed prescient as Awolowo lost the 1979 elections.

History. That the Igbo and former eastern region pulled out of the ruins of 1970 to their current economic standing is astonishing. We are still having headache with revenue sharing formula as written in that same 1970 declassified report. Imagining what they'd have in their classified reports from 1971 to 2017.

CIA ... these Americans carry our history for fingertips and sabi us inside out.

Thanks, OP.

The biggest crime committed against generations of Nigerians since the civil war is the deliberate policy to obscure, hide, remove any and all documentation of the civil war,ad well as to stol/remove the teaching of our history.
Politics / Re: MASSOB Justifies Herdsmen Killings In Benue, Taraba, Says It’s Payback Time by EMANY01(m): 9:39pm On Jan 15, 2018
Nasir123:


That is because they have insulted every tribes, which all tribe distractions, and called us a zoo.

How would you feel if someone called your mom a coward?
They should be more mature in the dealings with other tribes.

One man "[called] your mum a coward" another man raped and killed, who did a crime between the two?
Politics / Re: Fuel Crisis: Current Petrol Subsidy Regime Illegal - Senate Says by EMANY01(m): 3:22pm On Dec 30, 2017
erico2k2:

you are damn ignorant,say you do nt know or do not use Diesel,ALl truck use Diesel.50 |%| of transporters are moving to Diesel for obvious reasons, all plant machinary use it.All telecoms and Industries banks etc use it.My diesel bill is twice my petrol bill in a month

He is not honest in his arguments, I had hoped he was but I see politics, very likely the "protect buhari by all means" kind.
Every argument no matter how logical, must pass through the "how does this favor buhari" filter not how it favours Nigeria.
SAD....

1 Like

Politics / Re: Fuel Crisis: Current Petrol Subsidy Regime Illegal - Senate Says by EMANY01(m): 3:09pm On Dec 30, 2017
ivandragon:



what is wrong with you guys?


even when PMS berths at other seaports, the fact remains, the further inland you go, the more expensive PMS gets QED...

so I really don't know what you chaps are hammering on.


it will be cheaper in some places, more expensive in others. simple.


if you feel the economy can withstand the blow of a further increase, that's your position & it is allowed, some others feel a subsidy, with proper checks can be a temporary measure until our local refining capacity is up to par...


any other long 'turenchi' you & the other fellow are free to muse on idealism while I deal with realism...

"

even when PMS berths at other seaports, the fact remains, the further inland you go, the more expensive PMS gets QED..."
I did not REPEAT did not dispute this fact, and my understanding of the fellow whose post, you responded to, is that he was not disputing this fact.
My claim is that opening the eastern ports, will go a long way to minimize, mitigate, attenuate, reduce (in no place did I say or infere that It would eliminate) the price disparity in the cost of petroleum products, between the coast and the inland regions.
This logic is simple, from the way you speak /write I imagine you are educated enough to absorb it.
We do not have to oppose each other senselesly.
Overall I (and the other fella I believe ) am saying deregulate, but do the work to minimise the price disparity, that will result, it is doable the good solutions are not always the easy solutions.
If you are honest with yourself, and I want to believe that you are, you will agree with me that even when the refineries on the coastal regions resume or begin production (dangote), and we somehow have to political will to deregulate then, this geographical price disparity issue will still be in play.

1 Like

Politics / Re: Fuel Crisis: Current Petrol Subsidy Regime Illegal - Senate Says by EMANY01(m): 1:25pm On Dec 30, 2017
ivandragon:




your reasoning is severely obtuse...


there is a challenge facing us right now, increase price of fuel or continue to subsidise... that is a decision that must be made...

you said fuel should be totally deregulated, which is fine.


I simply gave my own opinion why an increase for now is not feasible & that subsidy exist in other forms. if the sector is fully deregulated & a marketer decides to sell fuel at N400 per litre in a distant northern village where it knows it enjoys monopoly for various reasons, do you think the government will just fold its arms?


you can't comprehend that even if the other seaports are operational, the price of fuel will always increase the further inland you go. simple logic, you can't digest...



You are right about the fact that as you go further inland, the price per liter of petroleum products (not just petrol) will go up in a fully deregulated regime, however his suggestion (to open and enable the the eastern seaports from warri to calabar) severly mitigates the price creep.
I hope this logic is digestible for you.
Not seriously considering his arguments and just lampooning him, is just as severly obtuse.

5 Likes

Politics / Re: Boko Haram: Five Feared Killed, Houses Burnt In Fresh Adamawa Attack by EMANY01(m): 9:16pm On Nov 30, 2017
nijabazaar:
Hopeless Country

" No civilization should ever announce its presence to the cosmos, he says. Any other civilization that learns of its existence will perceive it as a threat to expand—as all civilizations do, eliminating their competition"

Love reading the line you used for your signature "The Dark Forest" read the book three times now.... Having another go at it this Christmas break.
Politics / Re: DSS Bars EFCC From Arresting Ita Ekpenyong by EMANY01(m): 4:25am On Nov 22, 2017
doctokwus:
Its simple.
Lawal Daura knows if he allows the EFCC to arrest Ita,he would open himself to arrest for his past and present misdeeds in that office,when he vacates.
Daura is not interested in Ekpeyong Ita being arrested or not,he is just pre empting his own future arrest.

This is the truth and nothing else, he knows that if he allows this arrest, he will be an arrestee in waiting for when Buhari leaves power. He does not care about Ita one bit.
Politics / Re: Court Orders Seizure Of Diezani Alison-Madueke's Banana Island House, Funds by EMANY01(m): 2:37pm On Jul 21, 2017
Obi1kenobi:


Confidently and eloquently asserted verbiage. And still a load of horseshit. Diezani has not been tried in court. Neither has Evans. That doesn't make asset forfeiture for Diezani or the jailing of Evans some kind of government overreach. Her time in court will come. Hell, the British could do it for us. Ibori was prosecuted in the UK for some of the same allegations he got completely acquitted for with no case to answer when he was first charged to court in the early 00's in Nigeria. Reports from that farce of a court case is documented in an old Tell magazine copy my dad bought when I was still like 11 years old. With a highly compromised Nigerian judiciary plus incompetent Federal prosecutors, it is true she'll probably get away with everything. Money and privilege creates an untouchable class in the cesspit country unfortunately. But her time in court will still come.

If either of them are never found guilty of any offence, not just any offence offence(s) linked to the illegal acquisition of specific assets, liquid or otherwise that asset forfeiture being claimed by EFCC will be illegal, unconstitutional and an instance of government overreach.
You may or may not agree with me, it's your right, but time will prove what is correct and not.
Politics / Re: Court Orders Seizure Of Diezani Alison-Madueke's Banana Island House, Funds by EMANY01(m): 11:31am On Jul 20, 2017
genearts:



Did you even read the headline of this news?? A court ordering the seizure of ill gotten properties is propaganda?? What is wrong with some us in this country?? So because all kidnappers have not been caught, the police shouldd free the few ones that have been nabbed??


Sense fall on you bro


ill gotten properties? Proven by who and in which court?

I make bold to say that All the asset forfeitures that have taken place over the last few years based on that operatve phrase "suspected proceeds of crime" will be reversed.
One of the fundamental principles of law AND THE CONSTITUTION is that "he who alleges MUST PROVE" - beyond reasonable doubt if you ask me-, at no time have they mentioned that she has been tried in a court of law.
Even if a law mandates that forfeiture, when it is tested against the constitution, which is preeminent , as I know it will, if will fall flat.
The reason no one is challenging the law is because you will have to be before a judge to do so, and all those who have cause to either have their freedom of movement and action restricted that is they are in custody of the SSS, EFCC, NPF. Where that is not the case, ala Deziani, they are outside the country watching and waiting knowing fully well that should thy return, they would be locked up in a hole and the hole thrown away in a display of executive lawlessness.
Politics / Re: Senate Begins Move To Separate NFIU From EFCC by EMANY01(m): 11:04am On Jul 20, 2017
Lakeland4321:
What you are saying may make sense in the Nigerian context, unfortunately global practice doesn't work that way. NFIU is a highly intelligent unit with very competent staff of which Magu (who is just a CSP) is not competent to lord over. Already the signs are there because he clearly knows that worldwide, this unit is autonomous, yet he wants to continue to control it. What does he know about financial intelligence? This is not a run in a gestapo way, it requires a lot of collaboration with highly skilled financial intelligence officers and agencies and not arrogance and limited knowledge on this which is being clearly demonstrated by Magu and his minions!


Magu and his ilk could never in a normal system qualify to run the FIU. Hw could never in ten EFCC tenures be able to hold a candle to any one of those folks in the FIU.
Politics / Re: Senate Begins Move To Separate NFIU From EFCC by EMANY01(m): 10:57am On Jul 20, 2017
oluwaahmed:
Jesus, from page 1 to 2 not a single comment made sense! Guys dat R even commentin did not read d article. Pple are rily brain dead on dis forum; it confirms wat crackers sey abt us- if u Wana hide smetyn 4rm a nigger, put it in a book".
D intll committe requires dat NFIU be a separate unit as it is worldwide. Nig was suspended because NFIU is under EFCC. FG can incorporate ICPC inside EFCC & set up NFIU as an independent body.
Guys evrytin is not abt politics, read d article, Dnt be so foolish. It's lack of readin dat makes our so called pastors get rich off us, not because dey hav a "divine callin" but because dey read d bible and lie to u abt wat dey read, knowin as a black man, u won't verify 4rm d texts urself.
As ur guys dat are bankers, all banks are preparin 4 d visit of d FATF. Deir visit + d recomendatns 4rm d world financial intelligence body will register nigeria as a member. Dis is far more important dan islamic organizations naija has joined.
Nigerian youths are more of a disgrace dan deir elders. Dey Dnt read and thus can neva wrestle power 4rm old elitesm ow pathetic.

Reading 99% of the comments, I felt like tearing my hair out. The id*ots never read the post. All they were looking out for were keywords, :Saraki, Senate, EFCC, and the Executive and a story is born in their small deluded minds.
Confirmation bias.
I fear for the future.

1 Like

TV/Movies / Re: Game Of Thrones Discussion (Beware Of Spoilers) by EMANY01(m): 12:12pm On Jul 17, 2017
GagaBoy:

..........

Also what the actual **** was that montage with Sam? I don't even know why they give that fat **** so much time. I don't even know what was more disgusting, the **** he had to clean or the fact that he took up so much valuable screentime. Hope the White Walkers eat his assn (but it's probably too ****ing disgusting for even them). Can't wait to see his hot brother again


Perched for next ep tho

Be nice to Sam right now now he is the only one in the world (well westeros) who can draw a line of connection between the greatest danger the 7 Kingdoms have faced in a thousand years and salvation.
The fact that the information has always existed in the citadel that he got it from is no credit to the citadel. I mean those Bleep*rs would still have their noses buried in books and their self importance while the white walkers overrun the seven kingdom's and the citadel.
Next order of action is to send this information to the Men of the watch world will now send it to John.
Time is of the essence...
Politics / Re: Nigerian Economy As Sick As Its Ailing President - CNBC by EMANY01(m): 1:02pm On Mar 06, 2017
obailala:
When you try to be too smart in analysing simple things, you begin to outsmart yourself in your own theories. 1 + 1 is 2, there's nothing complex about that but you are trying to make it as complex as possible in order to force-fit it into your political narrative.

Nigeria gets over 90% of its forex inflow from oil sales and with oil prices averaging above $100 in the periods between 2010 to 2014, Nigeria enjoyed relatively high forex income within the period. That high forex income made it possible for the CBN to sustain its injection of forex cheaply into the system on a weekly basis to maintain the market price at N150-N160 for those years. But as soon as oil prices began dropping from Mid-2014 (it dropped to half of what it typically was), fx inflow into the reserves began dropping as well and consequently, the amount in the foreign reserves started dropping rapidly. See chart below:


http://www.tradingeconomics.com/nigeria/foreign-exchange-reserves

Of course with the reserves dropping so rapidly, the reason why the Naira had to be devalued was obvious, the then finance minister upon seeing the trend also warned Nigerians to brace up for the worst; the worst which of course happened later in the day after the new admin took power. Of course in order to checkmate the further drop in reserves, the new govt had to start restricting the release of forex from the reserves into the market and those 'INEVITABLE' restrictions obviously blasted the Naira to its worthless value today. Hence the reason why I get irked whenever i hear people accusing Buhari of killing Naira by restricting forex release from an obviously depleted reserve.

With all these however, I'm quite amazed at this new ridiculous partisan explanation I'm reading here today; saying that it was Buhari's threat of violence that started killing the Naira before the elections and then his incompetence killed and buried it further after the elections. Such ridiculous pettiness! Nothing wey person no go read from people desperate to beatify the last admin and crucify the present one. grin cheesy


Get irked all you want, to dismiss offhand the claims that sociological factors exercerbated the plight of the Naira over the time frame in question removes any spec of credibility in your own arguments.
Have you ever wondered what the terms "market sentiment", and "investor confidence" mean, and how they apply to the economy?
You are probably one of those who screaming that the failure of this Administration to appoint ministers within the first six months of office had zero effect on the Economy.
Carry go I do not engage with folks who would much rather be dishonest in discussions like this.

1 Like

Politics / Re: Nigerian Economy As Sick As Its Ailing President - CNBC by EMANY01(m): 10:36am On Mar 06, 2017
obailala:

A huge pile of partisan crap. When more desperate attention is given to politicise the argument, you end up contradicting yourself and and rubbishing your own supposed intelligence.

I stopped paying attention to the rest of your writeup when you asserted that statements by buhari and fear of violence from Buhari is what led to the Naira devaluing to N199 and N210 to $1 and investors leaving Nigeria. Of course your beautiful nonsense narrative would sit very well with a lot of folk in your divide, so good job!


I do know a lot of of middle class families were securing for them selves 10, 20, 30 and even for some up to 50 thousand dollars. Why? The answer is simple unless you have have given yourself to lies: between late 2014 and early 2015 every one thought that there would be a serious outbreak of violence if and when Jonathan won re-election (because no one seriously expected him to loose and more to the point no one expected that Jonathan would choose not to to contest the results in the event that he lost.
For both scenarios, :Jonathan winning or loosing and contesting the results immediately, wide spread violence was expected. The evidence to support this assumption was everywhere.
The north was already on fumes, all it to to torch of massive killings and destruction was a spark. And the election was a roaring flame.
On the flip side the south south and the south east were mentally primed to watch see what happens and then retaliate.
The trouble was that in the course of retaliation, South West interests and individuals would be affected. I leave you to imagine the reaction of here in the south west. Bear in mind though that the reaction in the southwest, even in lagos would be diverse. This is a because, the violence which began in the north would have affected a number of of southwesterners so the response would be indiscriminate.

Knowing all of this, if you had the ability to convert a part of your liquid cash savings to foreign currencies in preparation for the possibility of having to flee over the borders, or through the airports, would you not have done what you could do to protect your family?

Think about the thousands other middle class families who were thinking the same.

Think about all the companies foreign and local, whose risk assessment had come to the same conclusion and were converting as much of their holdings, (cash assets) as possible to foreign currency and sent same out.

What would have been the overall effect of this thinking to the foreign currency holdings of the Nigerian economy.

If you are honest, you can relate this to the the election period.

1 Like 1 Share

Politics / Re: The Economist Newspaper Lambasts Buhari by EMANY01(m): 5:36am On Mar 03, 2017
alignacademy:


Is there any direct link between the physical presence of a president and the economy?

I think this is a cheap swipe by The Economist

''Cheap Swipe''?
Is it not this same Economist that wrote hit piece after hit piece(ala ineffectual buffoon) against President Goodluck Ebele Jonathan (GEJ) and deityfied Buhari so much the children of hate masturbated to and had orgasms on everyone of those articles here on Nairaland ?
Do you think we have forgotten?
It's just about two years ago come on your memory can not be that bad or can it?

4 Likes 1 Share

Politics / Re: Who’s Running Nigeria? - The Economist. by EMANY01(m): 5:15am On Mar 03, 2017
coolcharm:
Errm... Is this not the newspaper that labeled GEJ as an ineffectual Buffon? cheesy cheesy grin

Now, they have carried Buhari's matter up. I can't wait to see what label they will stamp on our 'foreign' President. Lol

Abi ooohh i thought i was the only one to remember, how times change.It wasn't just the ineffectual Buffoon article, before the election, they wrote several hit pieces against President Goodluck Ebele Jonathan (GEJ) and deityfied BUhari so much the children of hate masturbated to and had orgasms on everyone of those articles here on Nairaland.
I remember well. Let me see who among them will dare disparage the Economist , their erstwhile oracle. grin grin grin grin grin grin grin grin grin grin grin cool
Politics / Re: Who’s Running Nigeria? - The Economist. by EMANY01(m): 5:06am On Mar 03, 2017
fulaniHERDSman:
..........................................
[size=18pt]Nigeria’s best chance of reform in the short run, then, is probably for the president to rest up in London a while longer[/size].

Source:

http://www.economist.com/news/middle-east-and-africa/21717787-president-has-been-ill-six-weeks-country-still-needs

The obvious and intelligent conclusion.Left unsaid is the fact the PYO has no clue running an economy like Nigeria but at this point just about ANYONE apart from Buhari in charge with half a smidgen of intelligence and you will see the economy reflate abit.
Buhari in office is more like holding a plastic bottle filled air and corked under water, as the article said "it takes a bit of trying to make something bad worse".
It really takes a bit of trying to make the bottle(the economy if you will) stay underwater. All that had to happen for the bottle to float was for the hand(Buhari) holding the bottle(the economy) down to simply be absent.
Politics / Re: At Last, Buhari Formally Writes N’assembly To Withdraw 2016 Budget For Correctio by EMANY01(m): 10:56pm On Jan 17, 2016
Genmayor06:
Though as Buharist im not happy they had to allow it get to this, after they surreptitously tried to change the budget. I still salute Baba for doing the right thing even though it late. I know PDP wouldn't have done it.



You are right, PDP would [size=18pt]NEVER have done something so moronic as this[/size] ,on two counts:
They never would have prepared such a brain dead budget with absolutely no professional touch.
If they (the PDP) had cause to review the budget they had just submitted to the National Assembly, they would have formally written the NA straight forward requesting to withdraw said budget.

1 Like

Politics / Re: Corruption: Buhari Made History Becomes The First President To Doctor Budget by EMANY01(m): 9:50pm On Jan 14, 2016
Diddyydiva:
an unreserved apology? well I agree to that

but to take responsibility of actions taken by his assistant ? come on undecided

will you take responsibility of your PA's crimes ?

No problem [size=18pt]but may GOD punish you and your ilk and may the hottest zone in hell be reserved for you if: You have ever convicted Goodluck Ebele Jonathan as corrupt based on what information you hear in the news about his aides and appointees.[/size]
May your hypocrisy send you all to your early shallow and unmarked graves[size=18pt] IF you have never given GEJ the same benefit of doubt.[/size]

2 Likes

Politics / Re: Buhari Policies Annoying And Sending Away Investors-bloomberg by EMANY01(m): 1:38pm On Nov 29, 2015
omenka:
People should take a chill pill already. One thing is for sure in all these- had Jonathan won the election, what we are witnessing today economically- which is no fault of Buhari's but remnants of the failure of PDP/GEJ- would have been a tip of the iceberg.

Buhari came in at a critical time the nation was witnessing its worst moments ever since our return to civil rule- the naira was taking a severe beating, oil price was heading to rock bottom, stocks were nose-diving, electricity supply was nearly nonexistent, security was in shambles, and the general economic outlook was as bleak and as hopeless as never. Fixing all these rot which were occasioned by PDP's relentless assault on our commonwealth, especially in the last SIX years, takes more than just SIX months!

Meticulous planning is needed and there is no room for error in executing those plans. It is a make or mar era for Nigeria and Buhari understands that perfectly and needs no soothsayer to say so- certainly not internet rants from sore losers who would rather we continued in the road to perdition with Jonathan.

A budget is being drawn and any honest critic of the government would agree that its performance would be the first true litmus test of the Buhari admin whose first comprehensive prognosis, according to our constitution, would be out after FOUR years- after four budgets.

Well meaning Nigerians like myself remain resolute in their commitment for a better, prosperous, just, united, and resilient Nigeria, and unwavering in their trust in Buhari and his cabinet- Wailers can Wail and Howlers can Howl for all we care- it is in their DNA to do so.

Slowly but Steadily, Baba is charting a new course for a Nigeria of our dreams, my dream, where we wouldn't wake up everyday to be inundated by news of how Ministers and public officers are in a tight race to outdo themselves in the art of stealing public funds/properties- the only achievement that hitherto qualified one for National honours and State Pardon/VIPship. That is the Change Omenka voted for and it is as sure as day and night on course.

May God continue to bless Nigeria to the utter consternation of her enemies within and without.

Keep reciting this poem you wrote up there if it is enough to help you sleep at night ,until it is not anymore.It wouldn't be long now.....

1 Like

Politics / Re: Bloomberg Writes Off Buhari: “he Has No Capacity To Run Nigeria” by EMANY01(m): 8:56am On Nov 28, 2015
jcmaiah:


[size=18pt]On the stock exchange, it noted that “Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day
after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded.”
[/size]



I can now honestly and without the fear of being proven wrong say that the stock index advancing 12.5 percent after Jonathan conceded was one of the numerous parting gifts President Jonathan gave to Nigeria before leaving power.
That and the nearly 6,000 MegaWatts of new power projects(combined with current production of about 5,000 Mega Watts to make a total 11,000 Megawatts of electricity) that was due to come on stream within a year and half from the time he handed over o May 29th 2015.
What does the dullard do? He wreaks everything .

3 Likes

Politics / Re: Bloomberg Writes Off Buhari: “he Has No Capacity To Run Nigeria” by EMANY01(m): 8:44am On Nov 28, 2015
jcmaiah:
International financial and business news giant,
Bloomberg, has expressed serious doubts on the ability of President Muhammad Buhari of Nigeria to turn around Africa’s largest economy and oil
producer.

In a scathing analysis of the over six months of Buhari in office, the news outlet concluded that the country was on a dangerous slide with investments at an all-time low,[size=18pt] the stock market rated as the third-worst performing globally within the period, and growth projected to slow to a 16-year low of 3.3 percent.....[/size]
.....“Money that flowed into stocks and bonds in the West African nation, which McKinsey & Co. says could become one of the world’s 20 biggest
economies by 2030, is now fleeing as growth prospects diminish along with oil prices.....
.......According to Bloomberg, Buhari the hefty $5.2 billion fine levied on mobile-phone operator MTN Group Ltd. Are desperate moves to shore up
government revenue outside plunging oil prices, warning that it could have dire consequences on the country’s economy.

“The penalty imposed on MTN’s Nigeria unit last month for failing to register about 5 million subscribers may be an attempt to plug the hole in
government finances, according to Cobus de Hart, an economist at NKC Independent Economists....
...“You cannot deny there might be a fiscal element to the massive fine,” he said by phone from Paarl, near Cape Town. “It will make investors a little bit more wary of investing in Nigeria.”

On the stock exchange, it noted that “Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded.”
It further observed that an even bigger concern for many investors is the authorities’ naira policy.

The Central Bank of Nigeria, with Buhari’s backing, has burned through $4.3 billion of reserves this year and choked off supply of foreign exchange to banks and their customers to defend the naira, even as major oil exporters such as Russia and Colombia have let their currencies
slide. The restrictions prompted JPMorgan Chase & Co. to remove Nigeria from its local-currency emerging-market bond indexes, tracked by more
than $200 billion of funds, in September, triggering a selloff in the nations’ assets.
While the naira has been all but fixed at about 198 to 199 per dollar since March, forward prices suggest it will drop by almost one-fifth, to 243.5,
in a year.

Jan Dehn, head of research at Ashmore Group Plc, which oversees almost $60 billion of emerging market assets, remains unconvinced that Buhari is up to the job. The fund manager sold all its Nigerian government debt in the past year......
......“So far the Buhari administration has done all the wrong things,” Dehn said by phone from London.
“Not only has he been incredibly slow in taking any action, when he finally has taken action on the economic front it’s been diametrically opposed to sensible policy. That is a major disappointment given expectations prior to his election.”


http://thewhistler.ng/story/bloomberg-writes-off-buhari-he-has-no-capacity-to-run-nigeria?utm_source=&utm_medium=facebook#.VlkJq-kfNWI.facebook

[size=15pt]The part about growth being projected to slow to a sixteen year low of 3.3% is really instructive it simply says the Presidiot and his band of merry men(apc) will take Nigeria's economy back to the pre 1999 days of misery.May God judge those who brought Nigeria to this point with their lies and deciet.[/size]
No-wonder he keeps misyarning abroad ,he thinks if he blames Jonathan enough, nobody will look at his non-existent performance.He thinks the international business and investment community as well as peer reviewers can be fooled into swallowing his fecal matter like apc's supporters(zombies) in Nigeria do.

2 Likes 1 Share

Politics / Re: Saudi Prince: I Side With Israel – Not The Palestinians by EMANY01(m): 5:50pm On Oct 31, 2015
globalresource:
Saudi prince al-Waleed bin Talal has stated that in the event of another Palestinian Intifada (uprising) against Israel he would side with the Jewish State, saying that “Saudi Arabia has reached a political maturity to constitute a durable alliance with the Jewish nation.”

“I will side with the Jewish nation and its democratic aspirations in case of outbreak of a Palestinian Intifada and I shall exert all my influence to break any ominous Arab initiatives set to condemn Tel Aviv, because I deem the Arab-Israeli entente and future friendship necessary to impede the Iranian dangerous encroachment,” Al Qabas quotes the Saudi media tycoon as saying.

The Saudi Prince and entrepreneur posited that his country must reconsider its regional commitments and devise a new strategy to combat Iran’s increasing influence in Gulf States by forging a defense pact with Tel Aviv to deter any possible Iranian moves in the light of unfolding developments in the Syria and Moscow’s military intervention, the Kuwaiti Al Qabas daily reports according to AWD News.

“The whole Middle-East dispute is tantamount to matter of life and death for the Kingdom of Saudi Arabia from my vantage point ,and I know that Iranians seek to unseat the Saudi regime by playing the Palestinian card , hence to foil their plots Saudi Arabia and Israel must bolster their relations and form a united front to stymie Tehran’s ambitious agenda,” Kuwaiti News Agency (KUNA) quoted Prince al-Waleed as saying on Tuesday , adding that Riyadh and Tel Aviv must achieve a modus vivendi, for Saudi policy in regard to Arab-Israeli crisis is no longer acceptable.

Iran seeks to buttress its presence in the Mediterranean by supporting the Assad regime in Syria, added Prince al-Waleed, but to the chagrin of Riyadh and its sister Gulf sheikhdoms, Putin’s Russia has become a real co-belligerent force in Syrian 4-year-old civil war by attacking CIA-trained Islamist rebels. Here surfaces the paramount importance of Saudi-Israeli nexus to frustrate the Russia-Iran-Hezbollah axis.

There have been several reports over the past years of secret Saudi-Israel relations, and specifically on military and intelligence issues. The recent nuclear deal with Iran has led Saudi officials and leaders to voice support of regional cooperation with Israel.



I never imagined any non -Israeli middle easterner would ever attain this level of common sense in my life time.
I will be watching to see the extent of the evolution of Saudi foreign policy as it regards Israel ,Palestine and Iran.

1 Like

Politics / Re: Buhari:Amaechi, Ngige and Onu to become ministers without portfolio- Vanguard by EMANY01(m): 3:15pm On Oct 31, 2015
Iykopee:
Mad presidiot

Please can i copy right this?

Presidiot..... priceless......
Politics / Re: Buhari:Amaechi, Ngige and Onu to become ministers without portfolio- Vanguard by EMANY01(m): 3:03pm On Oct 31, 2015
Descartes:
Hmmm

http://www.vanguardngr.com/2015/10/we-cant-afford-to-pay-42-ministers-buhari/
grin grin

On his ambition to see that the dreaded Boko Haram group is crushed by December the president said that his is optimistic on the capability of the military and other government agencies in crushing the terrorists and as he feels sorry for those who think otherwise or have given up on winning the war against terrorist.

‘I am an optimistic person. I am sorry for those who have already given up. I remain confident that our military and other law enforcement agencies are more than equal to the task.’

‘Don’t forget that I made an earlier statement to the effect that the Nigerian military and police earned accolades all over the world: Liberia, Sierra Leone, Sudan.’

“They earned international respect and then here you are, the Nigerian military and other law enforcement agencies could not secure 14 local governments out of 774 [size=18pt]until the government was changed[/size]
.’


Just for the record the section in bolded italic is a lie from the pit of hell.
I fear for this country when the president not his paid agents or party allies this time can utter such a bold faced lie and foolishly attempt to revise recent events that we all know .
We are no longer on a slippery slope,we are on a down hill roll.
Politics / Re: Mbaka Calls For Division Of Nig; Says He Fears No Arrest (Old VIDEO) by EMANY01(m): 11:31pm On Oct 30, 2015
FREEDOM4BIAFRA:


Brother, be cautioned!
Do not say anything about the yorubas or SS again on BIAFRAN threads, just stay on track.


Keyboards/keypads now control missiles and artillery and MLRS rounds.I don't mind if the simpleton you were responding remains in the 20th century.

1 Like

Politics / Re: Sophisticated Electronic Warfare Gives Russia The Edge by EMANY01(m): 9:38pm On Oct 30, 2015
mazeltov:
see all these things are madia war. It's quiet unfortunate that our media has become a puppet to these Super powers. Take for example, it was reported that Russian Su-24 jam American Donald cook ship and all the 27 crews resigned immediately. I wonder when war ships like destroyer started having 27 crews. Again it was reported that Turkey scrmbled one Russian jet which is unreal, and so many more like that. But sadly, many people have increasingly become subjects and slaves of media influence to a potentially dangerous control of public opinion. See, every conflict is fought on two grounds- the battle field and the minds of people through propaganda. You can possibly know the capability of your enemy until a real challenge is stage. Who would ever think of Vietnam defeating America in war. The real battle is the propaganda and both the western media and the eastern bric media are good at misleading people with distortion, exageration, subjectivity and inaccuracy and even fabrications in order to receive support and sense of legitimacy. The battle field is on media.

When you people say that Vietnam defeated America in war,i wonder if you are being ironic because ,every documentation of that war says that America lost 55 thousand solders (give or take ) but the North Vietnamese lost over a million or figures close to that range.Every way you look at it whether proportionally or comparatively using the figures against the backdrop of each of the countries population, i don't really see how the US "lost" the war.
I am not blind to the fact that the American public opinion was totally against that war and so the death of each solder, airman, sailor that died felt like a hundred.
Politics / Re: Stop Playing Politics With Bailout Fund. Gov. Wada To Buhari by EMANY01(m): 11:15am On Oct 26, 2015
kelechiodo:
Governor Wada called on President Muhammed Buhari not to play politics ahead of the Kogi election with the issue of bailout fund earmarked for states.
Wada who is contesting on the platform of the Peoples Democratic Party reminded the president that Kogi is yet to get its portion of the bailout several months after fulfilling the necessary documentation.

Crediting a particular statement to Prince Audu and his running mate, Abiodun Falake, at a campaign rally where the duo said they had prevailed on the president to order the stoppage of the release of bailout funds to Kogi state until after the election in November, the governor said that it was not ideal to politicise the issue.

Wada said: “We (government) called on President Buhari as leader for all, not to be swayed by the antics of this desperate politician who is nothing but the author and finisher of the woes of civil servants in Kogi state.

“What kind of desperation will make a man to callously and viciously wage war against the release of resources meant for the people of his state? The Kogi state government is of the firm view that the bailout fund is only a loan and not a presidential benevolence.

The Kogi boss urged the president to as a matter of urgency order the release of the said funds so that the state could meet its obligations to its workers

He stressed that the eyes of the world are on Nigeria as far as the case is concerned.

The governor said: “For one, the President has consistently stressed the role of morality in governance and there can be nothing more immoral than the wilful deprivation of the right of our civil servants whose allowances and emoluments have remained unpaid owing to the economic downturn.”

Meanwhile, ahead of the coming gubernatorial elections both in Kogi and Bayelsa states, the ruling party in the states, the Peoples Democratic Party (PDP), alleged recently that the ruling All Progressives Congress (APC), is inciting violence the states.
https://www.naij.com/617405-kogi-election-wada-slams-audu-alleges-buhari-politicising-bailout-funds.html

I dont pity Gov. Wada. That is the way the cooke crumble. When you were suporting Buhari against your own party, you never know that a day like this will come. Face front and tackle your problem


Very few politicians (even fewer Nigerian politicians) can think long term and after committing own up to tat decision if it does not go right.
Politics / Re: See Pics Of South Africa's BRT Bus Stops And Roads In Joburg by EMANY01(m): 11:07am On Oct 26, 2015
SPOPOVICH:
ofcoz, I dont expect nigeria to be building any dams this century.

I think at this point, i understand why Rossike has nothing but scorn for you and your ilk on this thread nay on this site.You won't read, you will not research and worst of all you will not listen when your betters are talking.

There are currently TWO major and One minor Hydro Electric Power Projects ongoing:

3050 Mega Watt Mambilla Hydro Electric Power project began by President Goodluck Ebele Jonathan in 2014 to be completed in 2019
700 Mega Watt Zungeru Hydro Electric Power project began by President Goodluck Ebele Jonathan in 2013 to be completed September 2018
400 Mega Watt Tunga Dam hydroelectric power plant began by Taraba State Governor Darius Ishaku in August 2015 to be completed in 2018

1 Like

Politics / Re: Why Buhari Should NOT Appoint Falana As Minister of Justice by EMANY01(m): 9:39pm On Oct 18, 2015
By the way i have bookmarked and saved this thread.

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