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DECEIT 101
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The NBS report indicated that the real growth rate of the monetary value of all goods and services produced in Nigeria during the period slowed to 2.4 per cent Y-o-Y, down from 4.0 per cent in Q1, 2015 and 6.5 per cent in Q2, 2014. This was on the back of the low crude oil prices and decline in oil production to 2.1mbpd from 2.2mbpd in Q2, 2014. |
Meaning they would need to charge Aisha Buhari & Atiku first being a first line beneficiary of the deal...
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Lanretoye:I don't think so again, Buhari need to bring back our girls alive...
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azeezakande:who owns that grinding machine ? why are you under-declaring your assets like Buhari You are deceiving Nigerians abi ? Kontinue, dearisgod. |
Offer ![]() |
Bring Back Our Girls Borno State governor, Kassim Shettima, Tuesday, said there was every tendency that the female students of Government Girls Secondary School, Chibok, abducted by members of the Boko Haram sect, in April 2014, were being held in bunkers, inside Sambisa Forest. / Gov. Kassim Shettima please take the Nigerian military to the bunkers. http://www.vanguardngr.com/2015/05/chibok-girls-held-in-bunkers-shettima/ Bring back our girls alive....
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The Senior Special Assistant to the President and Media and Publicity, Mallam Garba Shehu, says President Muhammadu Buhari never promised to rescue the Chibok girls on the second day of his administration. Shehu said this in an interview with our correspondent in Abuja on Sunday. He explained that while the anxiety among Nigerians was understandable, it was better to allow the President to do a thorough job even as he focuses on key areas to revive the nation. The Presidential aide noted that Nigerians and indeed friends of Nigeria from across the world would bear witness to the fact that the activities of the terrorist group Boko Haram had been on a steady decline. He attributed this to the reinvigoration of the long lost military traditions where leaders lead the battle. Shehu said, “To be fair to President Buhari, did he ever say he will bring back the girls on the second day of his administration? What he has always said is that we don’t even know where the girls are and that we need to go in there and get the intelligence and situation of things and then act. “Without meaning to endanger what is left of those girls, you know that the Sambisa Forest is being degraded right now. “In the last few days, you even saw the Chief of Army Staff leading the troops and I am aware that in the last few weeks, very interesting pictures have been shown to the President on the basis of which we will say to Nigerians, don’t lose hope on the Chibok girls. “I am not saying they have been found or that they have been seen. But it is not yet time for Nigerians to say we have lost them.” According to him, officers and men of the various armed services are now more confident to deal with Nigeria’s enemies because the presence of their service chiefs with them on the battleground has done a lot to boost their morale. Commenting on the bombardment of Boko Haram’s strongholds in the operation areas, Shehu also explained that the troops were being careful so as to minimise avoidable collateral damage. According to him, drones monitor the forest at night and a combination of manned and unmanned aircraft as well as troops take over in the day. He added that the success being recorded by the troops had left the terrorists with no option but to resort to carrying out isolated attacks on soft targets such as churches, mosques and markets to give an impression that they were still active. Shehu explained that the President, who is currently on a private visit to his countryhome in Daura, was not interested in marking his first 100 days in office just like he said during his address at Chatham House in London because he considered the exercise as somehow fraudulent. In response to a question as to whether Nigerians should still expect the appointment of ministers this month since the National Assembly would still be on recess till the September 28, Shehu said, “Can the President be given the benefit of doubt till the 30th of September? Ministers will come; we should place our national interest above everything else.” He explained that the President had since his assumption of office brought to bear the kind of focus Nigeria required to deal with the myriad of problems it had faced with on all fronts. Shehu also said, “People are taking a cue from the fact that there is a new sheriff in town. People are taking a cue from the body language of the President who without saying a word, his body language sends a message.” Cc: Lalasticlala http://www.punchng.com/news/weve-not-lost-hope-on-chibok-girls-presidency/
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Truckpusher:Where is that Nairaland FAKE Economist...? I mean that hmmmmm....?
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HungerBAD:May your wish not come through. ![]() Ala ti ko ni le se...ki se aiye ti mo wa yii... not even in the next life. (Minimum of 15GB Etisalat monthly usage, do the math) |
What manner of CHANGE is making investors to lose money this fast... N1.6trn in just 100 Days ? If this continue for 365 days Nigerian investors will lose N5.84trn. Also, if this decline rate is not checked, I fear by 2019 Nigeria is back to 1983. (Stone Age). We have clamored for Foreign Direct Investment (FDI) we have it, still not enough. What are we doing to earnest it to make Nigeria the true giant of Africa ? |
By Emeka Anaeto, Economy Editor LAGOS — Investors in the Nigerian stock market lost N1.6 trillion in the first 100 days of President Muhammadu Buhari’s government, going by report of activities at the Nigerian Stock Exchange (NSE) as at close of business last weekend. The NSE market capitalization (total value of all shares in the NSE) closed at N10.1 trillion, down by over 14 per cent from N11.7 trillion closing value on the last day of the former President Goodluck Jonathan-led administration, May 28, 2015. Similarly, the key performance index of the exchange, the All Shares Index (ASI), dropped by over 13 per cent to 29,511.1 points from 34,310.9 within the same period.Change-probe Market analysts have described this development as a summation of local and foreign investors’ characterization of the economic policy environment as hazy and uncertain in the past three months. They also attributed the negative turn of affairs in the stock market to the gloomy picture foisted on the economy by the combination of declining oil revenue and lack of a clear policy response to it. In reaction to the economic developments in the first 100 days of Buhari’s regime, Afrinvest Group, a Lagos-based investment banking house, said: “Investors in the financial markets have remained on the sideline as a result of lack of fiscal policy direction from the president coupled with exchange rate uncertainty. / Equities market lost 14% since June “The Nigerian equities market has lost 14 per cent since June till date while the bonds market (as measured by FMDQ index) shed 3 per cent in the same period.” They added that “in the absence of clear fiscal economic blueprint, the monetary authority introduced several exchange rate policies which have continued to pressure the market, constraining foreign portfolio inflows into the market.” Similarly, investors’ unenthusiastic expectations for first half of 2015 corporate financial reports, especially in the consumer goods sector, has further dampened investors’ sentiments. This is evident in the unimpressive earnings posted by the companies that have released their reports for the first half where almost all of them show significant decline in earnings. According to stockbrokers, earnings results published so far underscore the tough operating environment in the economy. Notwithstanding, Afrinvest expressed optimism thus: “The President has promised to unveil his list of cabinet members in September. This is expected to catalyze the economy and the capital market to optimizing their potentials in the medium term. “Our position is anchored on the fact that ministerial appointments, which are set to be concluded by September 2015, are expected to give the market a sense of direction of the Buhari-led government, consequently, activating improved market performance. “Correspondingly, we expect economic activities in the second half of 2015 to improve relative to first half of 2015; thus, corporate earnings performances should mirror the economic outlook. “Therefore, we place a higher weighting on the possibility of a fantastic positive overall return for medium to long term investors and also preach caution on short term speculative trading.” Afrinvest Group had earlier said the economy growth rate would be down to 3.5 per cent as against 5 per cent it had projected this year. Updates on economy and markets Reacting to the updates on the economy and the markets, Renaissance Capital (Rencap Group), a multinational financial institution, downgraded Nigeria’s economic growth rate expectations. According to them, Nigeria’s economy will grow year-on-year (Y-o-Y) by 2.8 per cent, down from its earlier forecast growth rate of 3.4 per cent. In its report, Rencap Group stated: “We revise down our 2015 growth forecast for Nigeria to 2.8 per cent (from 3.4 per cent) following this week’s release of exceptionally weak growth data from Nigeria and South Africa. Rencap was referring to the data from the National Bureau of Statistics (NBS) in its latest economic statistical report focusing on the Nation’s Gross Domestic Product (GDP) for second quarter (Q2) 2015. The NBS report indicated that the real growth rate of the monetary value of all goods and services produced in the country during the period slowed to 2.4 per cent Y-o-Y, down from 4.0 per cent in Q1, 2015 and 6.5 per cent in Q2, 2014. This was on the back of the low crude oil prices and decline in oil production to 2.1mbpd from 2.2mbpd in Q2, 2014. Growth rate mark-down Giving reason for the growth rate mark-down, Rencap Group said: “We revise down our 2015 growth forecast for two reasons: First, half 2015 growth of 3.1 per cent Y-o-Y came below our 2015 forecast of 3.4 per cent and second, we expect supply constraints, related to foreign exchange restrictions and the de facto import ban, to undermine growth in second half 2015.” The impact of continued decline in the international oil price has dragged down growth indices in the Nigerian economy in the second quarter, 2015. According to a report by the NBS, Nigeria’s GDP expanded 2.35 percent on an annual basis, compared with 3.96 percent a quarter earlier. Reuters, world’s leading financial media, in a commentary last week said ‘’as Buhari prepares to mark 100 days in office on Saturday, his critics are now using the less flattering sobriquet, Baba Go Slow.” Reuters said, “Chief amongst their complaints is the 72-year-old’s decision not to appoint a cabinet until later this month, putting the economic policy of the country of 170 million people in limbo, and leaving the likes of the central bank to fill the vacuum’’. According to Reuters ‘’a Western diplomat said the last few months, in which Buhari has governed alone with briefings by civil servants, had caused a bottleneck because he had failed to delegate authority’’. However the Reuters report quoted Mr Femi Adesina, the president’s spokesman as saying “When the ministers are appointed, some will constitute an economic team and then formulate a policy,” Commenting on the government economy policy gaps Muda Yusuf, director general of the Lagos Chamber of Commerce and Industry LCCI) said “The fact that the CBN has been allowed to take steps that look more like fiscal policy decisions is a source of major concern. “The president doesn’t seem to appreciate the enormity of the disruption that the CBN policy on foreign exchange is causing in the economy,” he said, adding that international trade had been hit and some firms had lost their credit lines. CBN, in the wake of sustained demand pressure on foreign exchange reserves and exchange rate, had introduced several demand management policies that has equally restricted transaction leverages. The results have been mixed but key amongst them was stabilization of the foreign reserves at above USD31 billion for over two months now as well as stabilization of the exchange rate at the official windows at about N199/USD1.00. But the parallel market has fluctuated widely between N210/USD1.00 and N230/ USD1.00 while the premium has been very high, an indication, according to market operators, of a fundamental distortion. But CBN appears to be having its own peculiar challenges with the policy situation in the country. The apex bank has indicated that fiscal policy gaps resulting from absence of functional government economic policies and other factors outside its control have constrained the ability of its policies to rein in on price stability in the economy. In its post Monetary Policy Committee (MPC) report CBN expressed worry at the developments in the inflationary pressure since this year amidst its monetary policies aimed at curtailing excess liquidity, one of the main drivers of inflationary pressures. It stated ‘’the drivers of the current upward inflationary spiral were of a transient nature and mostly outside the direct control of monetary policy. Consequently, the opportunity for further policy maneuver remains largely constrained in the absence of supporting fiscal measures’’. The general statement of the MPC signed by the CBN Governor, Mr Godwin Emefiele, therefore, urged for coordination of monetary, fiscal and structural policies to stimulate output growth, and stabilize the exchange rate. Economy observers believe that emplacement of a functional federal executive council especially the finance minister and other ministers in the economy segment would have helped the situation in the area of policy formulation and strategy as well as implementation of the 2015 budget and formulation of 2016 budget and medium term expenditure framework (MTEF). A top executive of the ministry of finance told Vanguard last weekend that the ministry has existing economic policy framework part of which was in the 2015 budget but lamented that the policies have to be stepped down following the outcome of the last presidential election lost by the federal executives that created the policy. Though he defended the absence of a replacement or modification three months after the take off of the new regime he however stated that the President Buhari would task the in-coming economy sector ministers to rework the policies or create new one. He defended the present regime’s apparent delay in making policy pronouncements in the backdrop of rising apprehension over the economy, saying the new regime needed time to settle down before making major pronnouncements. As a result of this situation many investors especially multinationals, are holding back major investment decisions. One of them in the oil and gas sector told Vanguard last weekend that his company in the United States of America still believes Nigeria is a good space for their overseas expansion programme but they have decided to wait until a clear policy is announced before they can make concrete moves towards committing resources. Members of the House of Representatives last week summoned Finance Ministry, Budget Office, Fiscal Responsibility Commission, National Planning Commission, Debt Management Office and Revenue Mobilisation, Allocation and Fiscal Commission to explain why the 2015 Appropriation Act is not being implemented. Also, the ad-hoc committee set up by the 8th House of Assembly last week commenced a public hearing over non-implementation of 2015 Budget. It was reliably gathered that officials of other agencies related to finance may also be summoned to appear before the ad-hoc committee headed by Rep. Ahmed Pategi, Kwara APC, at the public hearing. Officials of the MDAs are expected to come with enough evidence to convince the lawmakers that the 2015 Appropriation Act is on course. The House, at plenary on August 13, 2015 had constituted an ad-hoc committee to investigate the non- implementation of the budget following a motion promoted by Rep. Patrick Asadu, Enugu PDP, under matters of urgent public importance. Asadu had accused the Federal Government of abandoning the implementation of the 2015 budget and capital projects, almost mid way into the third quarter of the financial year. He submitted that the non release of the funds deprives the country of highly needed basic facilities and subjects its citizens to infrastructural and economic hardship, stunting the nation’s economic growth. Lalasticlala. http://www.vanguardngr.com/2015/09/investors-lose-n1-6trn-in-first-100-days-of-buhari-tenure/
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- 5k for jobless APC Nairaland thugs - Eradicate Boko Haram terrorist within two months - Feed the Nigerian children free - And other bogus promises made within his 100 days in office. “With the aforementioned lofty promises, Nigerians thought the change they expected had come. But amazingly, after 100 days in office, Buhari whom they described as ‘Baba Go Slow’ because of his sluggishness in executing government policies, has not achieved any of the promises". I hereby declare Buhari's first One Hundred Days in office a complete waste, because to whom much is given much is expected. Finito! |
chesterlee:“ regardless of what the army of praise-singers, in whose eyes the President can do no wrong, may say, it is in tune with globally acceptable best practices to evaluate his performance as president so far; indeed in view of our unique circumstances as a leadership-challenged nation, it is also very prudent and also necessary for every socially conscious and well-meaning Nigerian- particularly those who clamored and voted him in as president- to conduct a personal scientific evaluation of the performances of the man who promised to usher in change, and a new season for Nigerians and Nigeria". The 100 Days vis a vis the huge campaign promises of deliverables within the period, one could easily conclude that the first ONE HUNDRED DAYS of General Buhari is a COMMPLETE WASTE. Finito! |
FreeGlobe:Buhari is extremely corrupt.
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Buhari and APC are fraudulent.
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Interesting... |
All the wicked filling station owners can now close shop. Criminals stealing from Nigeria since 1960. |
Looters... |
mbulela:Open your eyes to reality... suffer not the witch to live. |
agarawu23:start calling it Boli... ![]()
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agarawu23:Nothing like Bole, it's called "BOLI" |
What is Bole ![]() |
kinibigdeal:Amen! |
kinibigdeal:The frog never runs in daylight for nothing. https://www.youtube.com/watch?v=A48jQ4rDJTE
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ezugegere:You are absolutely right, you must give something to take something. May God deliver His own from the snare of the fowlers. |
Witch in visualizing a flight upon the broom. This is not uncommon for early spiritual journeys. Using peyote and other hallucinagenics is well documented and utilized by Native American cultures for spiritual travels.
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National redemption It is not enough to claim disbelief in the power of the darkness. Witchcraft is real. If it were not, many would not subscribe to it and appeal to it. However, cultist power is far inferior to the power of God. This means the occult should not just be ignored; it must be resisted; otherwise its attendant evils will prevail. Therefore, those of us who believe in God must be strong in the Lord and in the power of his might. Both Christians and Muslims need to fast and pray and take a stand. We must reject outright the strange spirit that the APC, in its lust for power, has imported into Nigeria. Cc: Lalasticlala http://www.vanguardngr.com/2015/09/apc-and-the-spirit-of-witchcraft/ This concept is even documented in the Bible. In Isaiah 14:23 (KJV translation) I will sweep it with the besom of destruction, saith the LORD of hosts. In Luke 15:8 "The Parable of the Lost Coin": "Or suppose a woman has ten silver coins and loses one. Does she not light a lamp, sweep the house and search carefully until she finds it?" The brooms relation to sweeping away negative energies and use for protection makes it a wonderful tool for magikal practices and rituals. Consequently it wasn't a big leap for European pagans to use the broom as a tool. . While being used for clearing an area for ritual work was the earliest use for a broom, it became an important tool for Witch's during The Burning Times of Europe. During this era Witches would use a broom to hide one of their most important tools, the wand. It is also a tradition that brooms have been used by some as receptacles to harbor a particular spirit temporarily. This could be done to remove an unwanted spirit from one area and then release it far away in another place. Or it could be used to utilize the energy of a spirit for a specific spell when the broom is used as a wand. This early association of broom to tree also associates it with the element of air and therefore has power over spirits. Thus it's common use as a tool for flying. In both historical and modern images a female witch can be found on a broom silhouetted by the full moon behind her. http://www.paganspath.com/magik/broom.htm
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Witchcraft mumbo-jumbo says if you sweep out the room occupied by an unwelcome guest immediately after his departure, you will prevent him from returning. Therefore, after President Jonathan and the PDP finished their political rally at the polo ground in Kano in April 2015, the APC Kano State Governor, Rabiu Kwankwaso; his deputy, Dr. Abdullahi Umar Ganduje, and some members of governor’s cabinet came out with brooms to sweep the grounds. This shows they believed in the cultist powers of their logo and invoked it on the president. Generational curses In India, from where APC borrowed this hocus pocus, the mother goddess who waves the broom is called Shitala. This Hindu siren has several hands and is associated with quite a number of debilitating ailments, many not immediately apparent. At first, the broom would seem to meet all of our deepest longings. But, sooner than later, its devastating side-effects would emerge. The broom is united at the bottom and this would seem to signify unity. However, it is scattered at the top, which spells disunity. With the scattered end waved in the air, the APC broom portends disunity for Nigeria, both at the party and at the national level. With Buhari now at the helm, Nigerians have witnessed a lot of squabbles within the APC. Attempts to paper over the cracks are illusory. More ominous is President Buhari’s emergence as a sectional ethnic leader. His blatantly lopsided political appointments, designed to make the South a colony of the North, poses great threat Nigerian unity. This should not come as a surprise. When you employ the broom goddess to sweep away your opponents, she also sweeps away your national image, your honour, strength, peace and independence as a nation . Bad omen By electing the APC into power, Nigerians inadvertently accepted the rule of the broom goddess. Unless a conscious effort is made to reject this evil spirit, it will prevail over our national affairs in the next four years. This will bring fruitless hard labour. People will work like jackasses and eat like ants. Holes will be burnt in pockets. Lives will be wasted needlessly. The broom goddess brings emptiness and restlessness. She provides broken cisterns that cannot hold water. There will be no peace in the country and the people will reject the truth. Indeed, the 100 days of APC government have been characterized by lies, more lies and broken promises. Nigeria has gone from go-slow to standstill. The currency has declined; the oil price has nose-dived; Boko Haram killings have multiplied. It is increasingly obvious that Nigerians were hypnotized and hoodwinked by the APC in the 2015 elections. |
Both Christians and Muslims must reject outright the strange spirit that the APC, in its lust for power, has imported into Nigeria. On 27th November, 2014, at the inauguration of Rauf Aregbesola as second-term governor of Osun State, Senator Bola Tinubu, National Leader of the APC, asked Nigerians to prepare their charms and other juju powers for the 2015 elections. Present on that occasion were the big guns of the APC, including now President Muhammadu Buhari, former party chairman Chief Bisi Akande and APC state governors. Why would Tinubu, a practicing Muslim, ask people to seek occult powers in order to prevail in elections? Why would Yemi Osinbajo, a Christian pastor, later associate with a political party whose leadership dabbles in the occult? Nigerians are a deeply religious people, whether Christian or Moslem. Both faiths believe in the Lord God Almighty. Neither permits resort to witchcraft. However, Hosea warns: “My people are destroyed because they have no knowledge.” Could it be that APC members and Nigerians at large are unaware of the cultist foundations upon which the party is built? Cultic broom The broom symbol of the ACN was later adopted as the logo of the APC with the coalition of the legacy parties. Millions of brooms were bought by APC supporters during the 2015 election campaigns, to the delight of broom-sellers. These were then brandished lavishly during the election rallies. Ordinarily, the broom is a powerful and effective symbol for a political party. In practical everyday life, brooms are used to sweep away dirt. It is therefore appropriate for a political party, especially one in opposition, to use it as a symbol of its determination to sweep away the government in power and clean up the filth and corruption in Nigerian society. However, the broom is also a witchcraft symbol believed by the cultist to provide the power to rise above the earthly plane and to soar in the spirit realm. In the West, brooms are associated with witches visualized as hags who fly through the air on broomsticks. These witches use their cultist brooms to sweep away their traces to avoid detection. Herbalists use the broom to invoke the spirit of the dead. The broom is used as a gate or door before a ritual space. A witch draws a magical circle, enters it, and then places the broom over the doorway as a means to keep out unwanted energies or people. Bad luck There is sufficient evidence to indicate that the APC employed the broom as an instrument of witchcraft and superstition during the 2015 elections. What is cultist about the APC broom is the way and manner it is displayed. The APC broom is held up and not down. It is held above the head and then waved in the air. This gives it a hidden meaning not generally recognised. In the occult, when brooms are waved in the air, they have the opposite effect of cleaning up dirt; they spread dirt. When waved in the air, brooms pour dirt on our heads. This makes it sinister that the APC chose this very gesture as its definitive slogan. In this part of the world, it is considered taboo for men especially to raise the broom above the head. To do so is to invoke evil spirits. With the broom raised everywhere during the campaigns, the APC used it to cast a spell on Nigerians. Many are just beginning to wake up from this spell after 100 days of a do-nothing Buhari administration. In Yoruba folklore, it is a bad omen for the broom to stand erect; it must lie on the ground. The taboo is that if it stands erect, it will be used by evil spirits to bring bad luck. The occult design here was fitted for APC electoral purposes. The party used its cultist broom to sweep away good luck from Nigeria in the person of Goodluck Jonathan. This means its success at the polls portends a bad omen for Nigeria. |
Chidozieude:Seun & Lalasticlala... |
Chidozieude: Chidozieude:Dear Seun and Lalasticlala can you please ban this guy for breaking rule: 10 ? |
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