₦airaland Forum

chichriso:
I have not heard the voice of Amaechi after the ReRun, is he sick?

Went 4 mouth sugery.

olaboy33:
I wonder why there is so much jubilation in pdp's camp.......


1. Winning rivers doesnt guarentee a ticket to aso rock

2. Winning rivers simply means pdp has become a regional party for the minority (5%)

3. Perhaps pdp need to remember APC swept all the rerun in the north which has we all knw is a major factor come the next election

4. APC has control of about 70% of the south west........

5: for those claiming pdp controls the oil-rich states........recall south west got the highest federal allocation.........got the highest percentage in the 2016 budget


its high time pdp accepted the fact that they lost the presidentain election they have been winning for the past 16 years!!!

SW gt highest allocation and yoy ate proud of it bah? ? There are only 3 states in Nigeria that can support itself.Lagos,Delta and Rivers. I can later add bayelsa. .take away Lagos frm SW what's left?

macaranta:
Actually that's the proposed OPEC strategy,pump up production rates so that the profit margins for shale oil becomes less lucrative.That is to say,if anyone uses shale technology for production they will be producing at a loss and can't compete with the excessively low pricing of oil,thereby halting shale explorations.

you are missing the point, shale is actually a cheaper way of getting Oil off the ground.

Kay17:
In other words to hell with States without oil. Your federal system is based on the conjecture that all States must at least a natural resource. The States without natural resources, will naturally falter and sink into poverty merely because God refused to bury oil under their feet.

Now if the States refuse to pay the federal govt, what will happen? War?

Military budgets can take up to 40 percent of a country's GDP. Military equipment isn't cheap.

FAAN is still a federal body, similarly seaports and rail will have to be administered by the federal govt since they are issues concerning the entire country.

So the federal govt will still be large and will need a large budget to maintain itself.

Sorry to dive in here BUT
FANN same case as BAA, public owned.
The Ports at felixstowe and Tilbury are owned by public
This is waht we should do, Govt cannot run all of these,if it
goes private they will design more innovative ways of being in teh green.
Talking about Oil,there are states with Gold deposit,Timber,Agriculture,(farm produce)Bitumen,Aluminum,Tin,Limestone,Iron ore etc.Silicon the list goes on.

Sctests:
Many people talking here do not know that the US brought Buhari to power and have a right to order him around. Buhari is owned by Obama who helped sway the minds of the populace with 'media fixing and doctoring' to elect Buhari when they fell out with GEJ.

Ahaha THANK you. That cheered me up.

mutvy:
Ghana devalued the cedis in the 80's and paid heavily for it. I wish what I was reading was false.

The biggest devaluer in history are the Germans.

musicwriter:
I believe the government is already allowing verified importers access to dollar to conduct their businesses. But, of course, they can do more.

Why assume? Thsee frame of minds are the reason our politicians take us for a ride. .My Mrs applied for just N10k dolars. 6 months ago request still at CBN..guy nor even start.

Atlantian:
First off, you actually dont sound like someone who will be good in business, so do not ask me about my class, I am not a student, I am a successful business man. Business works in transparency. You can not fix the price of goods and not be mindful of competition as well as the twin pillars of demand and supply. It sounds great to say value of dollar in Nigeria is 199 naira, but the question is, what determines that value you place of dollar in your currency, is it determined by the standard economic yardstick ? That is what Kachikwu meant when he said he is not a miracle worker. He can only work with fact and figures.

While I do not support devaluation of Naira is simple. I do not want the lazy Presidency fixing the value of naira lower than the natural value. Allow the basic economic parameters of demand and supply and inflation to determine your fx rates so the entire world can see your transparency and rate you accordingly. Are we too afraid to face the collapse ? Yes, we have failed and we are a failed nation, we must accept that fact and then fashion out best strategy to crawl out of the valley. We cant hide it for ever, as it was in Greece and Brazil, needless to mention Zimbabwe, so it is here, but we must be transparent, we must accept criticism and we must allow States not Federal Government to be the Economic Centers. Federal Government is a parasite, a bully and a big failure.

Bro I see ur point only those with great vision can comprehend what you are on about..They the FG pegged the forex rate under 200 which is accessible only to thier cronies. The average biz man buys from BDC well over 300. If they allow the forces of demand and supply to determine the rate each day will they be able to do this? NO.
For anyone who has access to BBC and CNNPC. Plz watch the band under that is moving.check daily currency rates that market values controlled by demand and supply.

macaranta:
On this issue,I will stand with buhari...devaluation of the naira isn't really an option..it's not like we have products lined up at our ports waiting to be exported.

If America wants to help ,they should discontinue shale oil advancements and allow oil prices to be normal,instead of dragging OPEC into their Russia --USA cold(economic) war

Check BBC news today. Lol the Saudi where reported to have lost the Oil war as Russia, the US,Iran,Iraq and China Increased production and supply. We must run away from Oil.

jpphilips:
How is FG abdicating its responsibilities solve the problem? If FG can not afford to exploit alternative avenues for forex earning, what makes you think the states can?
If we go by your advise, in the first month, all Nigerian states will collapse.

Not realy they wont collapse. Each state will improvise. Every state has what it can give even Bornu with cows can survive. Argentina was the largest exporters of beef one time.We use to have the biggest wood factory. I'm sure most if not all of these can come bck.we need govt to provide certain policies to promote home grown industries. Ie.freeze taxes for small scale industries. Freeze taxes for export oriented coy and see if diff investors dnt rush to our free trade area.reduce import duty for manufacturing and agricultural machinaries. See if we do t progress. All well said. Would they do it No
Reason the common man must not progress and find them irrelevant. This is what the west has.the common man do not biz anyone if U like be Boris or Obama.

Maisuya1:
My question is simple. If we devalue our currency and exhaust our less than $30b in foreign reserves on imports (by subsidizing import and not replenishing the reserves as oil is at an all time low)- then what?

How do U know devaluation won't lead to influx of much needed forex?

EgunMogaji:
That'll be Thursday that the melee will occur.

Ok nice one.how do U guys do it down there? Daily pay or pay by. Bag?

true2home:
Sorry Sir, why i can not disagree with you on privacy, i must say that you are benefiting from others that are kind to showcase their projects. Its kind of one sided relationship. Privacy is relative, and there are ways you can share your project without sharing your identity or location. God continue to bless you and all.

You are very correct

sanky346:
Am not clear about something? I want to know why people attach higher value to a car with first body as against a car that has been repainted. Most of the tokunbo cars have also be repainted expertly before yet people still refer to them as first body. I have a friend that does car painting work for some dealers and after the autobaking, they sell the cars as firsthand tokunbo yet nobody will ask question about the body but the moment it's a Nigerian used car, the first question will be is it first body. Lots of the cars imported into the country are accidented and worked on. So the question of first body might not even arise in most cases. Just my humble observation

First body equals original weight of the car no more no less.

haywhy2323:
But most kazeems advice u remove d thermostat as it is a cause of overheating. Reason our weather is hotter dan oyinbo weather. How true?

Anyone who removes his/her thermostat is worse than the Mechanic. Our weather is ni where hit as Navada or Utta.

Atlantian:
How much was looted ? And by who ? in Sure-P and YouWin ? You see, its just pure biased sensationalism. You have no capacity to tell the truth, cos your DNA is wired in lies. Propaganda boy.

They won't list how much this present FG met in govt and also they won't tell is how much they have spent. Without budget

olaztek:
d op is not dwelling on d past but he's trying to make u wailers to understand d cause of today's economic hardship and hw d govt has been effective in managing the situation.

We already know the cause of today's problem. When will they open a thread with solutions to today's problem?

koboko69:
[size=14pt]Nigerian govt borrowing billions to pay salaries – Okonjo-Iweala [/size](Premium Times)


http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html


[size=14pt]Nigeria borrows to pay salaries with cash crunch worsening.[/size] (Vanguard)



Read more at: http://www.vanguardngr.com/2015/05/nigeria-borrows-to-pay-salaries-with-cash-crunch-worsening/


Dear Nairalanders,

This is the economic team that Jonathanians wish was still in power or want us to bring back to save Nigeria.

I pulled out this from 2 different sources as Nairaland political gladiators see Premium Times as APC sympathetic while Vanguard as PDP sympathetic. There shouldn't be any issue of biased reporting

Essense of this flash back;

There have been several attacks of the person of President Buhari and his Econmic team with Honourable Kemi Adeosun as the minister of finance and coordinating minster of the economy.

Oil price per barrel between Febuary and April 2015 hoovered between 54 to 57 dollars per barrel.

It is interesting to know that at this price, Jonathan and the mother of our economy were already borrowing to pay salaries and meet up obligations to contractors.

What would have been happening when oil went as low as 28 USD per barrel. Would Nigeria have been sold?

Naira was devalued to 197naira per dollar yet in didn't solve any problem as Nigeria still had to keep borrowing.
Will devaluing Niara solve anything now?

Fellow Nigerians,

Despite the lowest oil price rate of all times, President Buhari and Mrs Kemi Adeosun have never borrowed to pay salaries rather they have dished out bail out funds to states to pay salaries.

Despite the low oil prices, President Buhari was able defeat BokoHaram Technically. Please Note that alot of money is also being spent on this war, something the past government was struggling to achieve despite the huge resources allegedly spent on the war.

The present Economic situation have been expected even before this adminstration as evident in the several warnings issued by the past minister of Finance.
You can read her comments here even when oil was 74USD per barrel in case u missed the thread.
https://www.nairaland.com/2898459/what-okonjo-iweala-said-when-oil

In summary;

Buhari inherited a very big problem and have so far so good tried is best to navigate the ship Nigeria safefly.

I urge Jonathanians to take a chill pill, and give this adminstration some time as its first ever budget have just been passed.

God bless the Federal Repubic of Nigera

God bless Mr President

God bless the Honorable Minister of Finance

1 millions likes for President Buhari and Mrs Kemi Adeosun

If yoy who is not in govt can see this and identify these problems then I'm sure the government must have seen these long ti.e ago.A sane govt would ha e had plans to at least stabilise the economy or I dare say improve. Blame games ain't going to get us out of this hole. We do not need govt to tell is the problems we already. We want solutions that's what they are paid to do.have we seen how much they are paid?

Ndlistic:
Troops of 155 Task Force Battalion, 21 Brigade have conducted a clearance operation aimed at clearing remnants of Boko Haram terrorists hiding in at Dipcheri, Jere and Chogolo towns.


The gallant troops cleared all the three camps successfully without any casualty on own troops. During the operations the troops came in contact with elements of the terrorists group and arrested 2 suspected Boko Haram terrorists.
The troops also recovered abandoned vehicles, motorcycles and a bicycle as well as locally made single and double barrel guns belonging to the terrorists.


Clearance operations by various units and formations in Operation Lafiya Dole are ongoing. The intent is to ensure all remaining elements of the terrorists on Nigerian soil are eliminated.


The public should please continue to provide information on all suspicious individuals to the security agencies.
Kindly disseminate this information and the attached photographs to the public through your esteemed medium.


Thank you for your usual cooperation.
Colonel Sani Kukasheka Usman
Acting Director, Army Public Relations

http://www.newswirenaija..com.ng/2016/03/155-troops-of-task-force-battalion.html?m=1

third photo, what happened to the guy;s hand

EgunMogaji:
Oh lord I've done gone and done it now. I've given my friends more descriptor for my site.

Previously: padlock chicken wire coop

Now: padlock chicken wire flag coop

have we called dangote yet?

madridguy:
Instead of GEJ to attend to the Chibok girls issue, he went for PDP rally where he was photographed dancing with some women with big ukwu.

He still waited for Malala advise before he invited the Chibok girls parent for meeting. Then turned his blame to US for not selling arms while Dasuki office was used to steal over 2.1 Billion dollars.

Today is exactly a year we the good people of this nation voted out the clueless and wicked man.

Thank God for PMB, Thank God for APC.

And its gonna be a year soon this new govt promised to free teh girls, we are waiting.

EgunMogaji:
Proud Nigerian

aahha Indeed

obekediamondfuto:
how do I get it here in owerri, amazon and eBay Dont ship directly. please help out I need it asap, saw a post online that the sensor can degrade mpg by 40%

U need to go to that site and look for a seller willing to ship world wide

1stallon:
I just pity you!.. someone will steal your money and not appear in court when you take the matter to court! Amen!

****U believe these lots abi?the buyer frm govt and the seller to govt who do the govt probe? They are accusing him of inflating cost of land sale now they av come to thier senses tjat it won't stick they are diverting to other charges. What happened to the person in charge of the purchase from the govt side? Have you got a name? ??

diasporaman:
The man whose name is Government, he looted the Government now he is wanted by the Government because of his fraudulent deals against the Government.

And he was never in Government ahah fake country.

9jii:
Blame the local rice Millers.

If you watched the Senate sitting on this issue.
U must seen custom on it.

Importing through land borders is
killing their companies which led to lost of jobs and so on..

Seriously? So importing fru Sea port do t kill the local rice industry? When PMB removed the Ban on importation of rice what did you expect?

xfay:
Ok that changes alot of things lucky u ... you should give the GenY32 by SOC a thought

linear bearings perform a lot better too i found some HIWIN on Aliexpress (BST automations or something)

what material will you be milling?

yeh, well Im planning on wood mainly, then plastic,Aluminum and everything, depends how big my CNC gets lol
Im at that cross rd of packing and going back to Nigeria for good, so this would be one stuff i would be paying attention to
I already have a workshop setting at my yard in Nigeria so I jst need to equip it more

PUSIDRILA:
Bros its so sad. We Africans are SuperFuckked. Its really hopeless. Fcuucked up by Jesus and Mohammed.

ahah thats a new one for me ##SuperFuckked##

oga spyder how many starters bars does this build have?

Goke7:
you're just trying to rub PMB in the mud just because your beloved GEJ has an international reputation for corruption, try harder cos if PMB is corrupt, he will never had admitted that the budget had errors unlike in the past when GEJ, NOI and all his cabinet members will always defend or deny their slly acts. Only the gulity are afraid bruv.

He never did WAILERS fished him out.

banki:
People who don't know anything about public finance are calling buhari names on nairaland so as to sound intelligent

People who don't know that there is something called a financial year and it ends on march 31st everyyear.

and for the one year from last year its healthy not to have a budget for one financial year abi? or is there something else you was meaning to say?

alizma:
corruption is fighting back and people with short sight cant see this but blame Buhari. for crying out loud, the senate has the power to say this and that cant be in the budget, in as much as it can justify removal of such item. despite this, 3months gone after the budget was initially submitted and the senate is yet to pass the budget. this is not Buhari thing, this is Saraki and his cronies using the budget as tool to lobby FG over his trial.

what are you talking about?? when his budget for Aso rock health facilities exceeds that of the whole nation?? are you for real? when he pays rent for aso rock? guy make we small small, he is the head so he takes responsibility, no short cut simple.