₦airaland Forum

Good one.

teekay213:
are the Igbo's not part of Nigeria.

Why have they been so marginalized. If it were Hausa's or even Yorubas were the ones marginalized like that they will have been another civil war in the country.upon all they been marginalized they are the most richest In the country.

How has osinbanjo as the VP affected your life,I vote based on merit if you like vote for slowpoke president and you should know that there is little VP can do.

Osinbajo can't win Ogun state for buhari not to tàlk of sw,gbega Daniel atiku campaign DG was the Governor for 8 years and now that obasanjo has supported him buhari is a gonner

You mean Ogun state people will prefer Atikulation of fraudsters?

He lied. EOD

What!?

Atikulation of fraudsters will not like this. Sai Buhari!

jpphilips:
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance?
Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered.

Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock
it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth.

What are the effects of crude shock in oil producing developing economy?

Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession.

Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession.

Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford.
In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation.

Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency.

Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate.
The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy.
Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages.

Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone?
The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves,
It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings).

Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS.
This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings.


Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings?

Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself

Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg
They not only devalued their currency, they equally allowed it to float like Nigeria's
Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago.



Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF
https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/

Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016.
https://tradingeconomics.com/angola/unemployment-rate


Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday.
Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously.

Poverty in Angola
According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million.

I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock.

Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014.

Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014.

Some even blamed it on Avengers attack of 2016

Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why;
You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock.

If Avengers did not strike, OPEC would have asked us to cut production to boost prices,
read:
https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years
So Avengers or any form of production cut at the time was a non issue.

Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow?


The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model)
The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%.

Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model)
https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/

In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place.
A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished?
Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners?

Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku.........

Wow! Sai Buhari!

kellycute:
[b]you have never praised nacho even when he put in a great shift at work, [/b]instead you keep waiting for a moment to strike back if he fail to live up to expectation. Komekn will rather feed on poison than to praise nacho even if he score 10goals in a match, that is the characteristic of an hater!!. I prefer nacho to ighalo and that’s my opinion but that doesn’t mean I won’t praise ighalo when he put in a great shift at work (football Na their Work). Iggy scoop gave me an orgasmic feeling, remind me of myself during my reign at ogida.

What about if I show you otherwise, will you change your mind?

Fatality for the atikulated. Sai Buhari.

TheSuperNerd:
Facts are the very things you deny naa... Terming an average Solanke as better than a Nacho who excelled in same calendar year in his first pro season... You were so hell bent on labelling Nacho as trash that you lied in your statement before I floored you with stats.

No be you again? One thing I just like about you is your consistency in using the very same lame approach to arguments you got no substantial response to since your debut on the U-23 thread. It is quite a record. Kudos man.

Only Cho Cho Cho Cho Cho Cho! No fact. Shuuuu!

TheSuperNerd:
Oga... You are just a newbie and thus cannot comment on something you have zero knowledge about. I know when you walked in here. You were not even here before this thread was formed... You don't know about the U-23 thread. That is where Forgiveness began his attacks and player vs player talks. He is the one who brought it and have sustained that campaign so ferociously. So again, keep silent about what you know nothing about... You must not always comment especially when you are ignorant of a matter. You are welcome.

Lie bursted.

I have proved it on this thread with verified facts. Do yourself a favour by going pages back.

TheSuperNerd:
No need to disturb myself naa... Is there ever a time you don't deny your own filth? I guess not. So it is okay. Your unwillingness to be so quick to dig up posts as you always do says it all. Something that every regular member of this thread witnessed and not these small newbie talkers who only started following the thread couple of months ago. Lol.

*Yimu* who no know you be serial liar? Even with facts before you, you go still deny. No bi you?

TheSuperNerd:
Sebi na you be master of digging up past posts naa... Lol... You no wan do am now because you go shoot yourself for foot abi? Come on man... Don't be scared. Go dig it up... You are the best at such naa... Not so appealing now is it? You rated Solanke better than Nacho even after Nacho had a much better and obviously excellent first season and you were proven wrong when the stats were tabled. Now you are forming amnesia... Honestly, It is no surprise that amnesia suddenly visits you guys when you are caught dead in the center... Lol

Me caught? Your allegations lack merit due to lack of substantial fact.

Curtisaxel7:
Mbappe vs Iheanacho?

That's like comparing my junior secondary school football team to Barcelona first team

You go wound ooooooo.

Curtisaxel7:
Ask them oh.

I hate to say this, but Iheanacho is simply less than average. The guy is just hype and nothing else. Man city noticed this and dropped him like a hot iron. The unsuspecting Leicester fell for the scam and bought him for a fortune. But even then, to get playing time in mid table Leicester still hard for Iheanachonaldo my man, sotey them pursue am go youth team.

To crown it all, baba was the first Nigerian to win the "world's worst striker award".

At this rate, the guy will definitely be in the championship or in a lower league in two to three years. This is not hate, it's the bitter truth.

Hahahaha! Chaiiiiiii! some has eyes but can't see, some can see but can't see, we have eyes and we can see, glory be to the o lord. Amen!

Hide ya head oooo.

TheSuperNerd:
Your hatred just never fails to shine through. You said Solanke was better even after he(Nacho) had an excellent first season. You are lying and trying to dribble your way out of it but you cannot. Oga, you are a certified Nacho hater. We know and we can move on with that knowledge because it is truth. Thank you. I clap for your dodging skills... Lol

Show me and stop the usual lies. *Yawn* if not, na sleep sure pass.

Icon4s:
Person that said we should drop Ighalo and Iheanacho so we can invite Kayode and who sef. Now forming Ighalo's attorney.

'If' they don't perform. Get your facts right, Mr.

TheSuperNerd:
You termed an excellent teen performer on par with a bang average Solanke.... You brought him that low and lied just to paint Nacho black. If that is not trash talking Nacho then I wonder what else that is. You have never liked Nacho.... Never! You are certified bonafide Nacho haters no matter how hard you try to present yourself as just stating facts. So it is indeed not out of place to term you a hater. That is just the truth.

Excellent performance!

I said Solanke was better than him way before he started having excellent performance.

Your problem, he is always having excellent performance even if he does nothing. Fact.

So, get your facts right next time.

TheSuperNerd:
Naaah... You didn't just read what I just typed. When Nacho was the most lethal of them all in europe in 2015/2016 by May 2016 in terms of goals per mins ratio, you still termed him trash and even said Solanke did better than him in same calendar year. So it is not about any spoof list you wanna hide behind ... It is about your already made up mind to just close your eyes to the quality of the kid Nacho. That is the hate I speak of. Well documented hate which you use moot points to disguise.

Trash! you can lie for Africa.

I said Solanke was better than him as at then. Yes!

I know what I saw and I can't lie about it.

If I had closed my eyes, I no go see wetin I see last season too. I judge players based on their overall performance. That's all. If you call that hate, well, it's your cup of coffee.

Omo dada ni. Sai Buhari!

TheSuperNerd:
It is hate. In your cases, you pull Nacho down to the mud even when he does produce the goods. He scores, and you guys will talk about his first touch and call him average. If it is not that, he assists and you talk about his failure to hit that shot well... Bla bla bla...

You even bring Nacho into your arguments when talking about other players when Nacho was never even supposed to be part of that discussion. You guys do it a lot... So yours is wayyy different. In Iggy's case... Before his current explosive form, he was barren. Simple and short. And the criticism was justified but what I cannot stand for is calling him trash, or insulting the man. Or going as far as threatening him as they did on Instagram.

In the Super Eagles team today, Nacho still boasts a better goals involvement over a lesser number of games. Yet you guys always had negative things to say about him. Someone even called Nacho a dog. Mehn that is pure undiluted hate. No questions asked. It is very very bad.

If giving pure undiluted fact is hate, how come independent observers noticed it and gave him his report card after the season finished?

BascoVanVeli:
Na WA o. Now oga wants to forget that one o.

I can never forget because I was involved in the usual attacks for harming for his call then.

His slogan was flash in a pan.

I can never forget but em con forget na?

BascoVanVeli:
How many clear chances were created for him? That is the truth I am asking for. You are a giant when it comes to knowledge of football so how could you miss that if your mind was not clouded by something else? If he offered nothing like you say the coach would never invite him.


Ighalo was scoring goals and you asked me why I liked the mediocre striker? You disowned him from his area in Lagos which you are from. Flash in the pan was what you called him at Watford

Chaiiiiiii! Truth is bitter ooooooo.

tbaba1234:
Criticism of a player's performance does not mean you hate the player. There is nothing personal here.

Can you please tell those tagging others Iheanacho haters too?

BascoVanVeli:
Your distaste for the striker goes back to his U20 playing days right or wrong? You kicked against him in the super eagles from the beginning that I know.

You cannot give a man one half chance per match and start crying goal drought all about. The fact is that your dislike for him made you overlook the truth sir.

Hahahaha!

Clementoke:
Familiar Rohr mistakes almost sabotage Super Eagles in Sfax


Nigeria came out of the blocks quickly and looked to be cruising, but the German's inability to react to the game's ebb and flow haunts his side

Nigeria may now be in pole position to qualify for the Africa Cup of Nations for the first time since 2013, but they certainly made heavy work of it in Sfax.

There may well be a lesson here, in rising from adversity, in eking it out in a fashion that had not been done previously under this management. However, it was an unnecessary toil, one which might have been quite easily avoided.

It had all started so well, and by the time Ahmed Musa danced through the flimsy curtain of red in the Libyan penalty area to squeeze the second home, it seemed another pasting was on the cards.

The Super Eagles were soaring early on, buoyed by Alex Iwobi’s excellence, Odion Ighalo’s energy and a commonsense approach to self-preservation: the ball zipped across the turf, players dropped into pockets of space intelligently, and picked the right moments to vary the tempo of the passing.

Yet, after the opening 25 minutes, it all came a cropper. A two-goal lead may be notoriously treacherous, but even beyond the evanescence of that margin, there were deep fissures within the team, both in terms of composition and technical input, that meant that door was always ajar.



THE NDIDI-ETEBO DOUBLE PIVOT

The consequence of injury to Ogenyi Onazi was the use of Oghenekaro Etebo in a deep-lying midfield role.

There are, of course, many strings to the Stoke City player’s bow, but he simply is not this type of player.

Etebo is in his element when carrying the ball into the final third, and lacks the vision and discipline required to play a holding role. Invariably, and unsurprisingly, the Super Eagles gave up a ton of chances, and were slowly pegged back.


Often in the second half, Libya had space in behind the Nigeria midfield to run at the backline, and both Leon Balogun and William Troost-Ekong had their most uncertain showings in a long time with little cover in front of them.

Even more remarkably, there was a specialist holding midfielder, in the form of John Ogu, on the bench, but he would only be introduced after Libya’s comeback was complete.



FAILING TO STEM THE LIBYA TIDE

For all that Gernot Rohr’s reign as Super Eagles boss has been productive results-wise, his ability to influence the game as it goes on has been consistently the weakest aspect of his work.

Time and again, he has found himself out-managed by his opposite number, and at a loss as to what to do to stem the tide. The debacle against Argentina, where he failed to address the Albiceleste’s rising menace through the second half, still rankles.

In Sfax again, he was again caught out. As Nigeria lost control of the game toward the end of the first half and into the second, it was obvious that there needed to be reinforcement in the middle of the park to act as a breakwater. With Samuel Kalu struggling to fulfil any sort of responsibility, either defensively or offensively, he ought to have been sacrificed earlier for Ogu to come on.

Instead, it was only after Libya had found a leveller that Rohr shook himself out of his daze to make a sub.

By this point, the Super Eagles had been under the cosh for over 20 minutes in the second period.



INDULGING POOR PERFORMANCE

One of the cornerstones of behavioural training is the incentivization of good behaviour/performance, as well as punishment of bad. Rohr, over the two legs against Libya, and over the course of his time in charge of the Super Eagles, has failed to grasp this.

Case in point: Samuel Kalu.

For the second game running, the Bordeaux winger put up a weak showing. However, while, in the first leg, it was mainly about his poor decision-making in positions of promise, in Sfax it was a complete lack of tactical awareness and discipline.

His unwillingness to stick to the right side of the pitch and take advantage of potential overloads robbed the teams of other avenues of attack. While it could be chalked up to the impatience of youth and wanting to join in on the fun on the left-hand side, Rohr ought to impressed upon him what was required.

[b]More worryingly, it exposed Ola Aina quite a bit in defensive transitions.

In spite of these, Rohr left Kalu on till very late on, [/b]when the team would clearly have been better served with a more disciplined player, especially in the second half. There is even an argument to be made that, on his performance in the first leg, he ought to have been dropped altogether.

Culled from goal.com

Spot on.

Icon4s:
He never Impressed.

I never could have been Happy with a Super Eagles CF that scored only 3 competitive goals in 3 years. Tell me you were satisfied with Ighalo's barren run.

2 other strikers I am not happy with are Brown Ideye and Anthony Ujah. And for no other reasons than their performances.

I can not and will not defend mediocrity.

Let these players start performing and they enter my good books. That's all.

You never trusted him from the unset even when he scored goals in the EPL. Talk true.

BascoVanVeli:
Your own was that you never liked Ighalo from the very beginning.

Gbam!

BascoVanVeli:
I am not against Collins but what telling cross has he made? What contributions offensively apart from shooting a ball he should have passed? Nobody has given me any valid reasons why a guy who starts at left fullback in the champions league can't play for Nigeria in the same position

Gbam.

SlayerForever:
It's looking likely we'll need the young man. Though I don't know how good the guy is in certain qualities e.g playmaking, ball carrying, distributing passes, breaking opposition play, creativeness etc.

He is just like Ndidi but more attack minded.

There shall be no atikulation of fraud in Aso Rock. Sai Buhari!

See crowd for sai Buhari!

Danielnino00:
Rubbish!
Idowu that never delivered a single cross from his flank in all the games he's played for us. Idowu that contributes little offensively.

Our left wing has been quite lively in the last two games Collins has played for us.. We now have a proper left back. Collins is here to stay whether U like it or not !

To you.