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Nairaland Forum / GNature's Profile / GNature's Posts
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Travel / Re: Why Do Nigerian Americans Earn Lower Than Indian Americans? by GNature(m): 10:58am On Dec 16, 2020 |
Please provide the source of this information. |
Travel / Re: Recent Images of Abeokuta Rail Terminal and the Surrounding Areas by GNature(m): 12:31am On Dec 15, 2020 |
Cashsteady: Confident people don’t have to brag. Those bragging have to do so to make themselves look good. |
Politics / Re: Asiwaju Bola Tinubu Visits Maiduguri (photos) by GNature(m): 11:56pm On Dec 14, 2020 |
Does Tinubu have a shot of being president when Buhari is not in good terms with him? Even if he tours Kano, Borno etc, at the end of the day, I doubt Northerners will support Tinubu if Buhari does not endorse him. He needs to find a way to patch things up with Buhari to have a shot. |
Politics / Re: Lagos To Join Oil Producing States In 2015 by GNature(m): 4:44am On Oct 16, 2014 |
Great news! God bless yorubaland. |
Politics / Re: Gowon Tasks Nigerians To Evolve National Language by GNature(m): 10:57pm On Sep 18, 2012 |
So, of all the challenges bewildering Nigeria, it is a National language that Gowon is worrying about |
Travel / Re: Pictures Of Oshogbo, Osun State by GNature(m): 2:35pm On Sep 02, 2012 |
teddies: Hello,nice work u did here abt osogbo,just got admitted into. Lautech for my masters nd I will be receiving lectures at dere satalite campus at osogbo pls is dere any way u cn help me wiv any agent,I nid a sef contain in a neat nd lovly environment preferabily an estate or in d gra,a house wiv water.thanks will be waiting to hear frm u Congratulations! Where did you obtain your baccalaureate degree ? |
Travel / Re: Pictures Of Oshogbo, Osun State by GNature(m): 7:58pm On Sep 01, 2012 |
Nice pictures of oshogbo. I hope to visit one day. Follow link below for pictures of the golf resort at Ada, Osun State. http://www.ogheneworoakara.com/1050/pictures-of-miccom-golf-hotel-resort-ada-osun-state/ 2 Likes |
Politics / Re: Umeh Urges Jonathan To Save Igbo Traders From Customs’ Harassment by GNature(m): 8:42am On Jul 22, 2011 |
The customs harass non-igbo traders too. |
Politics / Re: Aregbesola, Korean Firm Sign N60bn MOU On Agric Firm . by GNature(m): 9:56pm On Jul 17, 2011 |
LMAO @ employments I guess employments is correct since they will be hiring more than 1 person |
Politics / Re: Air Force Moves To Strengthen Security In North-west by GNature(m): 9:47pm On Jul 17, 2011 |
I thought |
Sports / Re: Japan Vs USA Ends 5 - 3 (2:2 AET 3:1 PSO) On Sunday 17th July @ 7:45pm by GNature(m): 9:38pm On Jul 17, 2011 |
Good analysis ! I concur |
Politics / Re: 700 Bombs Intercepted In Fct. by GNature(m): 9:35pm On Jul 17, 2011 |
Good; now they need to trace the source of the bombs. |
Travel / Re: Pictures of Lagos Skyline (City-Scape) by GNature(m): 8:26am On Jul 15, 2007 |
Nice pictures of the CBD. You can always tell the quality of work of Julius Berger, I am happy they were given the revitalization project. What Fashola has to do is maintain it; don't wait till it gets completely worn out before paying attention to the roads. They also need to ban those street hawkers from flocking these areas. I have read somewhere that the property values of the buildings have begun to rise in the CBD in light of this initiative by Tinubu. Good News ! |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 6:53am On Jul 15, 2007 |
Ugwumba: I would need to see proof that the $2billion loan taken by obj was indeed at 8%. I would like to know the timeframe the loan was supposed to be paid back, the schedule of payments, and the months (or timeframe) in which payments were not made. This is the only way I can come to terms with your claim regarding this loan. Unfortunately, you are unable to provide any accessible source of your claim. Ugwumba: Like Iyke-D said, you are misinterpreting these figures for the sole purpose of winning your argument. When you list the debts incurred by Shagari & IBB, you always list their principal loan amounts, $9 b and $ 6b, however, when you mention OBJ's, you add his interest, ie, $2 billion (original loan) + $13.98 billion (interest) = $15.98 billion. Again, were the loans incurred by Shagari & IBB interest free loans ? Why are you just mentioning the principal borrowed and excluding their interest ? I think I know why. If you do, then your claim that the chunk of the $35 debt were incurred by OBJ would crumble and you don't want that, which is understandable It is very difficult for me to accept your claim that the $2 billion borrowed in 1978 had ballooned to $15.98 billion by 2004. You have admitted yourself that this loan was serviced after he left office, so tying $15.98 billion to the $2 billion loan is a bit disturbing. And for the record Ugwumba, I have good reasons not to rely on the way you interprete economic data. Recall you mentioned earlier that the "first major slump" in GDP growth in Nigeria took place while OBJ was in office, but I brought out the world bank figures to dispute your claim. You also mentioned that the trend in declining GDP growth rate in Nigeria started from Obasanjo's administration. Again, I proved you wrong because Nigeria witnessed growth in GDP two years after the slump in 1978. The world bank figures clearly showed that the declining trend in GDP growth started and was sustained throughout Shagari's administration. Everytime I had access to the data you quote, I have been able to discredit the way you were interpreting it. Iyke-D: Tell me about it davidylan: You have hit it on the nail ! I am not absolving obj at all; but the bulk of the debt burden we got ourselves into lies on the govts of Shagari & Babangida. Period. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 1:04am On Jul 15, 2007 |
Here, you are stating that payments were being made on the loans. Ugwumba: Now, you are stating otherwise:- Ugwumba: So, which version of your story are we to believe ? The fact that payments were made to service the debt or the fact that payments were not made to service the debt ? Also, you have not explained how Shagari, Buhari and IBB were able to obtain loans without servicing the loan obtained by obj in 1977/1978. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 12:06am On Jul 15, 2007 |
Ugwumba: Could you provide me with a link that validates your claim that:- 1. Obj borrowed $2 billion "at 8%" 2. Neither Shagari, Buhari or IBB serviced this debt and the interest kept being capitalized ? I have looked all over and can't find anything to back your claim. --------> How is it that Shagari, Buhari & IBB were able to take more loans without servicing the loan obj took in 1978 ? it doesn't add up. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 11:04pm On Jul 14, 2007 |
Let me state for the record that I do not believe OBj is a saint, but at the same time, we cannot come here and make blanket statements without backing them up. First, Ugwumba said the bulk of the $35 billion debt were incurred by the first obasanjo administration. He said obasanjo borrowed $2 billion while Shagari and IBB borrowed $9 billion and $6 billion respectively, yet obj is responsible for the bulk of the debt. Second, he stated that the first major slump in Nigeria's GDP growth was during obasanjo's military rule. This is untrue as I have given the world bank figures to dispute this claim. We should stop blaming Obasanjo for all of Nigeria's problems. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 10:44pm On Jul 14, 2007 |
Ugwumba: Again, your stating that Nigeria witnessed its first major slump in GDP growth under obj is false. We had negative GDP growth in the following years:- 1966 -4.3% 1967 -15.7% 1975 -5.2% Also, the downward trend in GDP growth cannot be attributed to Obj because two years after the 1978 slump, there were positive GDP growth rates of 6.8% in 1979 and 4.2% in 1980. The slump started during Shagari's regime. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 10:12pm On Jul 14, 2007 |
Ugwumba: You are skewing the figures. Yes, the GDP growth rate was -5.8% in 1978, but obj was in power for 4 years (1976-1979) and according the world bank, the GDP growth rate for these years were as follows:- 1976 9% 1977 6% 1978 -5.8% 1979 6.8% The average growth rate during his tenure was 4% per annum. You would also note that there was a slight decrease in oil revenue in the year 1978. Now, let's look at Shagari's term (GDP growth) 1980 4.2% 1981 -13.1% 1982 -0.2% 1983 -5.3% 1984 -4.8% So, to state that Nigeria started its lump in GDP growth in 1977/1978, is completely inaccurate. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 9:21pm On Jul 14, 2007 |
Your numbers are not adding up. Here you claim that obj's 1977 $2 billion loan added up to $15.98 billion by 2004 Ugwumba: While here you assert that Shagari took out $9 billion and IBB $6 billion Ugwumba: Thus, 15.98 + 9 + 6 = $30.98 billion If obj's loans rose from 2 billion to 15.98 billion in 2004 (according to you), what about the loans taken out by Shagari and IBB ? They were definately not interest free loans. If you add the interest of Shagari and IBB's loans, we would be way over the $35 billion debt figure. This is the reason why I asked you for a link of your source of information, because your numbers are not adding up. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 8:47pm On Jul 14, 2007 |
According to New start Nigeria, Shagari's govt took out more loans than any other govt. (The figures below does not include money we use to owe Italy and the IMF and others). Shagari 852.3 England 470.84 England 70.65 England 287.88 England 164 England 862 Japan 246 USA 11 USA 32 USA 58 USA 58 USA Total $3.112.67 Billion Buhari 16.26 England 68.67 England 12 USA 4 USA 12 USA Total $ 112.93 million Babangida 9.08 England 19.6 England 47 Germany 54.8 Germany 426 Japan 271 Japan Total $827.48 million |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 8:00pm On Jul 14, 2007 |
debosky: No probs bros. |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 7:46pm On Jul 14, 2007 |
Start new Nigeria, a british led body, has more reliable data on the administrations responsible for our debt profile. All the debts incurred here were mostly from Shagari & the military, not obasanjo. http://www.newstartnigeria.org/britain.asp http://www.newstartnigeria.org/germany.asp http://www.newstartnigeria.org/japan.asp http://www.newstartnigeria.org/usa.asp |
Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 7:08pm On Jul 14, 2007 |
Ugwumba: Kindly explain to us how obj's govt of 1976-1979 was responsible for the bulk of the $30 billion debt that was paid off. You said he took out loans to the tune of $2 billion in 1978, so, how does this translate to the over $30 billion that Nigeria was owing ? It is a well known fact that the overwhelming majority of the debt stock were loans taken out between 1979 and 1999. |
Food / Re: What Do You Feel Like Eating Now? by GNature(m): 6:49pm On Jul 13, 2007 |
Yam Porridge (asaro) |
Career / Re: MBA Salaries In Nigeria? by GNature(m): 8:53am On Jul 13, 2007 |
I don't know for certain what the salary range will be, but I think you should command more than a million naira a year if you work for the oil majors, telecoms etc . Try and do some post-MBA work before you leave for Nigeria to boost your resume and starting salary. |
Events / Re: Obasanjo Wedding Pics: by GNature(m): 7:34am On Jul 13, 2007 |
She is not an igbo girl, she is from the Dominican Republic. Like i said, they met in the U.S. More pictures of the bride and groom
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Politics / Re: 1998 Obasanjo Worths N20,000, Today He Worth N180 Billion ! by GNature(m): 7:30pm On Jul 12, 2007 |
hehe, dude you are crazy That's Nigerian media for you. |
Events / Re: Obasanjo Wedding Pics: by GNature(m): 7:18pm On Jul 12, 2007 |
The lady is from the islands (west indies). Muyiwa Obasanjo met her in the U.S. |
Adverts / Re: Re: Nigerian Police Headquarter Address And Phone Number by GNature(m): 10:01am On Jul 12, 2007 |
Here you go: Nigerian Police Force Headquarters Louis Edet House Shehu Shagari Way, Central Area, Abuja Tel Number: 09-2340422, 09-2340633 Fax: 09-2340756, 09-2340868 |
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