₦airaland Forum

tundejulius:
After IBB wife this woman is another president wife who understand the role of first lady and the role of wife of a president.

That's because her husband defined her place for her, the other room.

wildernessVoice:
What yardstick do they use in measuring Nigeria economic growth abeg ?. when executive beggars has out numbered regular beggars, women giving birth and flushing in water closet, selling of family members to feed on the increase e.t.c

None of these stops collective wealth and output of the nation. That's capitalism for you, as terrible as it may sound.
But on a positive note, in agriculture Nigeria has the 6th largest farm output in the world and the largest in Africa despite the problems we face, and neglect in that sector for decades, our telecommunication sector also has 91.6 million subscribers, all of these makes up a larger percentage of our GDP than even oil.
That tells you there's real potential in Nigeria.

Hope he's not mistaking this for a Nollywood political scene? Anyway he has my vote all the way from Delta State.

DOUBLEWAHALA:
how many times do dey need to meet? biko

Yeah they met because Clark threatened again.

ACTING President Yemi Osinbajo on Thursday night met with leaders of Niger Delta under the aegis of the Pan Niger Delta Forum (PANDEF) at the State House, Abuja.

The meeting came at the heels of the November ultimatum given to the Federal Government to open dialogue with the group on its 16-point demand or it would withdraw from negotiations.
National Leader/Convener of PANDEF, Chief Edwin Clark, had told a news conference last Monday that though Osinbajo had given a firm commitment after his visit to the region, government had failed to take steps towards their implementation, thereby putting Niger Delta leaders under pressure from their people.
The Presidency had last week maintained that government would flag-off the first set of Modular Refineries in Delta region, this month as well as begin the clean up of Ogoniland, two components contained in the demands by PANDEF.
Among those at the meeting were Amayanabo of Brass, Alfred Diete-Spiff; Victor Attah, Don Etiebet, Timi Alaibe, Senator Bassey Ewa-Henshaw, Tony Uranta, Hosa Ogunbor and Godknows Igali.
https://www.google.de/url?sa=t&source=web&rct=j&url=http://tribuneonlineng.com/osinbajo-niger-delta-leaders-meet-aso-rock/amp/&ved=0ahUKEwig8PHv_7vVAhXCJFAKHZu2DRMQFggmMAA&usg=AFQjCNFkEBm3PW94uP9LUGgqMqqjm9MPJA&ampcf=1

gokuu:
I hope the nnamdi Kanu people are seeing this. The geographic integrity of our nation will not be clallenged.

This Nnamdi matter nor dey tire people here sef, allow their matter die nah. Even Stephanie Otobo news dey more exciting that time.

yemmight:
We are supposed to have intelligent people in the force but this one does not possess anything. No wisdom, nothing. How could you post something like this on FB as an officer and you are to protect the people irrespective of where you are posted. Is there any part of this country where men don't sleep with women?. What happened between you is called consent and mutual agreement. This guy fall my hand. I am disappointed. I am a Yoruba man and also from Kwara. I can never post such idiotic message lai lai.

Very foolish man who should be sacked.

Markfemi:
Can we stop celebrating mediocre at least we are seeing little it's better than nothing syndrome

I don't know about others, but l do not think GDP is worth celebrating but gdp per capita.
However, this report is encouraging on two fronts....
1) Awareness for investors especially foreign investors
2) inspiration to other Nigerians to key into major sectors of the economy that make up GDP.

The Governor said some time ago, that Anambra now exports vegetables to Britain, and is also now the fourth largest GDP in Nigeria( 11.9 Billion dollars) only behind lagos, Rivers, and Abuja respectively.

wristbangle:
We are hoping this would commensurate with the average life of Nigerians.

Now that the economy had re bounce to some extent, let's see what election losers/emotional babies got to say.

I think this second quarter of the year( may-july) showed a steady growth(even in the non oil sector) and the stock market in July had it good even by global standards, but it's not yet Uhuru, Government borrowing would have to stop and the people must start feeling the effects of the slow growth.

Sense fall on you. Yeye police.

najaka:
Orient tv

Thanks.

najaka:
Watching the parade! So colourful!

What station?

TINALETC3:
countable crowd, Nnamdi Kanu wud hv shut down d whole state

The security there would not allow a crowd.

This OP, 2015 news?Wetin dey worry Una sef.

ANGOLA | Subdued oil prices threaten outlook

The economy continues to look wobbly, with prices for the country’s Cabinda oil remaining depressed despite the announcement of an extension to the OPEC deal. Although Angola continued to comply assiduously with oil production cuts in June, overall group compliance fell to the lowest level in six months; this doesn’t bode well for prices, which are already substantially below breakeven level, going forward. The country’s fiscal position could take a hit as a result, with the problem potentially exacerbated by the possibility of expenditure overruns ahead of August’s presidential elections. In addition, the scourge of high inflation remains present, despite tight monetary policy, provoking economic uncertainty. However, this is far from the only gripe of firms operating in the country; Q1’s economic climate indicator showed that firms are also struggling with weak internal demand and limited access to credit and materials.

Growth will be paltry this year due to low business confidence and a non-oil sector still hobbled by limited access to foreign exchange and high inflation. Looking further ahead, a moderate uptick in oil production should raise growth slightly. Analysts expect GDP to expand 1.6% in 2017, up 0.1 percentage points from last month’s forecast, and 2.5% in 2018.

KENYA | Tensions rise as election looms

Concerns are growing over the economy’s dwindling performance as the preliminary GDP estimate showed the pace of expansion deteriorated to 4.7% annually in Q1. A severe drought has ravaged the country and induced a notable contraction in agricultural production, which along with a deceleration in private sector credit and electricity supply growth, has propelled the downturn. Amid a tumultuous political setting, private sector business activity continued to tumble into Q2. A series of turbulent events has gripped the country in recent weeks as election fever kicks in. Kenyans are set to head to the polls and cast their ballots on 8 August in what is anticipated to be a fiercely contested election. Attacks by a notorious militant group in the coastal village of Jima, the sudden death of Interior Security Minister, Joseph Nkaissery, and the hospitalization of opposition leader, Raila Odinga, due to suspected food poisoning have sparked fresh tensions in the country. Adding to the political strain, a ban on gas imports from Tanzania which was instituted two months ago continues to be upheld, putting pressure on the two countries’ relationship.

Economic activity is expected to weaken going forward as the drought persists, stifling agricultural output, and political uncertainties weigh on private sector lending, impeding investment decisions. Panelists now expect GDP growth to slow to 5.0% in 2017, which is 0.2 percentage points lower than last month’s forecast, before picking up slightly to 5.5% in 2018.

INFLATION | Price pressures moderate in June

Inflation fell for a fourth consecutive month in June, easing from May’s 13.0% to 12.5%, according to preliminary data compiled by FocusEconomics. While inflation is trending downwards, price pressures remain elevated in a number of economies limiting space to stimulate economic growth. In July, Kenya’s Central Bank held its main policy rate unchanged, while policy makers in Angola cut rates.

Price pressures are seen remaining high this year and the analysts we surveyed this month expect regional inflation to average 12.4% in 2017, which is unchanged from last month’s forecast. Next year, inflationary pressures should begin to recede and inflation is projected to average 9.4% in 2018.
https://www.google.de/url?sa=t&source=web&rct=j&url=http://www.focus-economics.com/regions/sub-saharan-africa&ved=0ahUKEwihwdu-07rVAhWIfFAKHZc-B0EQFggjMAA&usg=AFQjCNElpHVERfpnb-RVwC2SccpckjLoIw

Q1 growth estimate revised down due to weak performance in Kenya

More complete data revealed that the economy of Sub-Saharan Africa (SSA) grew at a slower pace in Q1 than initially projected. According to an estimate compiled by FocusEconomics, regional GDP increased 2.0% annually in the first quarter of the year, a notch down from last month’s preliminary 2.1% estimate. Despite the downgrade, the figure still represents a strong acceleration from Q4 2016’s 1.4% expansion as an economic turnaround is taking place in the region after an abysmal 2016 characterized by slowing growth and worsening imbalances in many economies.

The primary driver behind the downgrade to the Q1 estimate was slower-than-expected growth in Kenya. A severe drought caused agricultural production to plummet and the manufacturing sector expanded tepidly. With the challenge of slowing growth and a large drought, the country will head to the polls in August for general elections. Previous votes have been characterized by bouts of violence and risks of instability are present. Early polls point to a victory for incumbent President Uhuru Kenyatta and a continuation of current policy.

Elsewhere in the region, a similar situation with political noise and poor economic activity is unfolding in South Africa. Although the economy is set to rebound from a terrible 2016, the recovery is likely to be weak due to poor investment and a weak labor market. Moreover, a 14-point plan unveiled in July by Finance Minister Malusi Gigaba failed to offer any groundbreaking solution to the economy’s slump and the government has seen its popularity being eroded due to a corruption scandal, which has led to calls for the president to step down.

Political jitters weigh on growth outlook

FocusEconomics analysts trimmed their forecasts for Sub-Saharan Africa for a third consecutive month as a soft start to the year and politics dampen prospects. Regional GDP is now seen expanding 2.5% in 2017, down 0.1 percentage points from last month’s estimate. In 2018, growth is seen gaining pace as GDP is expected to increase 3.5%.

The downgraded 2017 outlook is due to downward revisions for the 6 of the region’s 13 economies. Lower growth prospects were seen for Kenya and South Africa, as political uncertainties combine with weak economic momentum. On the other hand, forecasts were raised for Angola, Botswana, Mozambique and regional-giant Nigeria, while three economies’ projections were left unchanged.

Cote d’Ivoire and Ethiopia are expected to be the fastest-growing economies this year, both expanding 6.8%. On the flip side, the regional heavy-weights are the poorest performers with South Africa expected to grow a weak 0.7% in 2017, followed by Nigeria with a 1.3% expansion.

See the Full FocusEconomics Sub-Saharan Africa Report

[b]NIGERIA | Stock market surges as dollars flow into economy

The economy looks to be slowly on the mend, with the PMI remaining in positive territory in June and the non-oil sector returning to growth in Q1, while the recent approval of the long-delayed 2017 budget should provide greater policy certainty in the months ahead. In addition, oil production has increased so far this year as the threat from Niger Delta militants recedes. However, despite initially being excluded from further OPEC output cuts, there is now talk of including Nigeria in the deal in a bid to curb the supply of oil on the market and boost prices, which could hamper the sector’s return to full strength. Encouragingly, the foreign exchange window introduced in April, which allows buyers and sellers to agree on an exchange rate, is succeeding in attracting dollars from abroad; over USD 3 billion have been traded since the launch, and the stock market has boomed in recent months.

The economy should pick up speed this year thanks to greater oil production, a solid agricultural sector and strong public capital spending. However, continuing foreign exchange distortions, limited private sector credit and uncertainty over whether measures put forward in the Economic Recovery and Growth Plan (ERGP) will see the day could dampen the expansion. Panelists participating in the FocusEconomics Consensus Forecast expect the economy to grow 1.3% in 2017, up 0.1 percentage points from last month’s forecast, and 2.8% in 2018.[/b]

onila:
thanks for ur reply

i wrote on my blog, i am tired of worrying about Africa

and someone harshly told me who have you helped, who you don help

i felt so bad, i know i wish for a better Africa . .i am still a student
i would have given money back to society if I could when I come independent

i f

Giving money back or practicing charity in Africa solves little. Investing in Africa to create more jobs as well as an investment in education, vocation centers and leadership training programs is the best way of giving back to Africa.

Ehiscotch:
True.

We have had a series of lazy leaders who never thought of the future but sat down to loot the nation's treasury.

Now some youths can rise up and hold the whole nation to ransom and make several demands that must be met.

It is better late than never.

It's a problem now, but still Federal Government shouldn't abandon the Niger Delta clean up program, these oil companies or NDDC should clean up the environment from the oil spills.

Good, same Jelani Aliyu(a Nigerian) is the original designer of the Chevrolet volt. It's a good thing the Buhari administration brought him from the U.S to head over such a task. He would rebrand the assembly industry in Naija with new techniques and craft to compete with the best in the world.

Fake news, old picture.

Habeyy:
Am guessing as much, I read about departing Presidential jet from London this morning.
All fingers crossed

There's no evidence of this anywhere, we can't rely on blogs.

Fake Fake news, no source.

Warship:
Any Igbo man supporting One Nigeria while Hausa Fulani herdsmen terrorists go on rampage on Igbo soil is worst than a pig.

But some Igbo people are in other parts of Nigeria kidnapping people(same with some folks from other tribes). All it calls for is tight security and some proactive measures.
Fayose dealt with the situation in Ekiti state, and other states are handling it even with anti grazing bill.
I'm not saying you have no right to demand for Biafra, as a matter of fact, in Delta and Edo, we have protested that fulani herdsmen must leave if the situation is not taken care of totally.

ApexPredator:
Stockholm syndrome. The British were taking a piss on us calling this place Nigeria aka Ni88er area. And the loyal slaves of the empire wear that name with pride .
Ghanaians given a far more respectable name like Gold coast renamed themselves to what they are known today. Burkinabes changed the name of their country from Upper Volta to Burkina Faso. Zimbabweans changed theirs from Rhodesia to Zimbabwe. etc
The trend of African countries breaking themselves free from the shackles of colonizers continues except in Nigeria.

You have other arguements against Nigeria but this one is poor. I mean what's in a name? If we change the name from Nigeria today would it reduce the price of rice in the market, or would it automatically stop Buhari from sipping his kunu?
Who named you Biafra?

Sprumbabafather:
Nonsense trash, I wonder when these people started loving Igbos to the extent of caring if we live or die.

When I see my sworn enemy panicking for a move I make, I will smile, I am making the right move.

Who are your enemies? Ayam not understanding.

Stock market the best in the world for the month of July, interest of foreign investors everywhere amidst the tension all over.
Nigeria is pregnant with something, l just can't tell what that is yet.

wirinet:
In as much as I agree Edwin Clark has a point, I am highly suspicious of his motives. This is a man who had been involved with every government since Gowon. He was minister of information under Gowon. Under president Jonathan, he was the closest adviser and confidant of the president. In all these years in the corridors of power, he did not realize the need of restructuring, he did not realize the marginalization and exploitation of the nigerdelta. But after Buhari became president and he lost influence on the federal level, he immediately had the Damascus road experience, he suddenly became a born again nigerdelta freedom fighter.
We have seen many of his type come and go, ie Asari Dokubo, Tompolo, Boyloaf, etc, who started out as nigerdelta freedom fighters only to end up as nigerdelta billionaires.

The type of restructuring people like Chief Edwin Clark is talking about is one that will allocate oil blocks to himself or restructure his bank account.

We need someone like Ken Sari wiwa to rise up from the Niger delta and pick up the struggle, not opportunities like Edwin Clark, Dokubo, and co.

Yeah that's why the restructuring would have to come with other terms and conditions else it would be for their selfish gains.

shervydman:
make them do quick abeg.......
but, how can they make a mistake of lumping devolution of power under one umbrella?

Yeah it wasn't well planned the first time, but let's brainstorm on this, we can devolve all powers to the states, but if we devolve the resources completely to our corrupt and lazy Governors without an amendment that also holds them accountable, that would be dangerous.
Also imagine the federal Government waiting on resources from states to enable them fight BokoHaram. I support devolution of powers but it must not be complete devolution, let the federal Government be the backbone to the states, and let there be a voice that speaks for the people to impeach the Governors after 2 years if they mismanage resources.
Also, the money spent on election campaigns is way too much. If l spent 2 Billion on campaigns to become just a local Government Chairmen, l would definitely loot more than that to make gains when l'm in office. It's the system that breeds corruption and makes room for clueless leaders or Governors.

Hizzy:
so the bombing will start again
but the government is deaf and dumb

The truth is federal Government can't do everything. Restructuring would be revisited in September and debated thoroughly this time.

adadike281:
They have so much, yet they are against restructuring

Restructuring would be revisited come September. But restructuring has to be thoroughly analyzed else it would hurt us, and so it would be revisited after some clarifications.