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Politics › Re: Suicide Bomber Allegedly Apprehended On OAU Campus, Ile-Ife. by gratiaeo(m): 5:56pm On Jul 13, 2014
OrlandoOwoh: This is only happening because the school is closed. If the school is in session, I trust awoites (i.e students of Awolowo Hall) to give him MMS or SMS. OAU students, and awoites in particular, have the intelligence of spoting a non-student or cultists.
I miss Awolowo Hall, my hall residence through out my stay as an undergraduate.
Where are those yorubas in this forum who boasted and promised fire that any day Boko Haram bomb Lagos that will be the end of Hausa. It has just happened. Are they still trying to UnCloth their Agbada and Asieko TALK is cheap. OPC over to you
Politics › Re: Suicide Bomber Allegedly Apprehended On OAU Campus, Ile-Ife. by gratiaeo(m): 5:18pm On Jul 13, 2014
Hope they will keep their madness to them selves in Osun and Ogun state
Politics › Re: Suicide Bomber Allegedly Apprehended On OAU Campus, Ile-Ife. by gratiaeo(m): 5:00pm On Jul 13, 2014
Its well.
Politics › Re: Why I’m Disappointed In The Ongoing National Conf -Youngest Confab Delegate by gratiaeo(op): 4:44pm On Jul 13, 2014
PT: It has been established that there are so many old people here. Do you agree with what some of them said that they contributed to the problems of Nigeria and should also solve them?

Yadoma: Of course, most of them contributed to the problems of this country. I had a chat with a chief and he said he is happy with my contributions in the Conference and told me that most of them caused these problems and that this is their last chance to fix the problems they have caused. They have failed us. They messed things up and that is why this country is in a serious problem.

Most of them caused the problems and they are part and parcel of the problems of this country. Seriously, I do not know how you ask someone that caused a problem to solve the problem. But this is our way in Nigeria sometimes. But there are far-reaching recommendations that we made even though there are some people that caused the problems anyway. We hope the implementation will take effect.

PT: Will you be disappointed if the report of this Conference is treated like the previous ones?

Yadoma: Of course I won’t be happy. Four months of hard work, and brain exhaustion, coming here in the morning and leaving late in the evening, sometimes night, it will be terrible if these recommendations are thrown away or kept in the archive. I will be really saddened.

PT: Back to your family – what was the reaction of your family when he got to know about your nomination into the Conference?

Yadoma: Initially when I got nominated I actually felt a little bit agitated, especially because of my perception of the conference, and the criticism with some saying ‘it won’t work or the same old people, the same old talk-shop in Nigeria.’ I was a bit indifferent about coming here. At some point I thought I will not even come. So, people encouraged me to come, especially my family as most of them said ‘it is part of experience, it is part of learning and no learning process is a waste of time.’ They gave me that encouragement. I got their support.

PT: After this Conference what next?

Yadoma: There are many options I am exploring and I will make up my mind after taking a break.

PT: It appears Yadoma is not thinking about marriage now?

Yadoma: Marriage will come when the time comes.

PT: You have not found Mr. Right?

Yadoma: Well, I won’t say that. I don’t know, but for now……

PT: But there is somebody in your life?

Yadoma: (laugh). We’re going too private.

PT: Are you earning your first million at this Conference?

Yadoma: It might interest you to know that I have earned some money before I came to this Conference. It is not at this Conference that I am first earning what you have called my first millions. I have properties (and) I have investments which earned me some money. We have a family business that earns a whole lot. So this conference is like additional token and that is why I decided to start up a foundation with the Conference money to touch the lives of Nigerians.

I believe this money given to us is the money of Nigerians and so how do I give it back to them? I then decided to set up this foundation for educating the girl child, empowering women and orphans, training women on some skills and how to start up their businesses and all that.

PT: You mean you are not going to spend this money for yourself.

Yadoma: Most of it will go for my foundation and I have already started some little community development works.

http://saharareporters.com/2014/07/13/why-i%E2%80%99m-disappointed-ongoing-national-conference-%E2%80%94-youngest-confab-delegate-yadoma-madara
Politics › Why I’m Disappointed In The Ongoing National Conf -Youngest Confab Delegate by gratiaeo(op): 4:44pm On Jul 13, 2014
Yadoma Bukar Mandara, 24, is the youngest of the 492 delegates to the ongoing National Conference in Abuja. She is the last daughter of the late philanthropist and politician, Bukar Umaru Mandara, who was the Zanna Dujima of Borno. The 2011 graduate of Environmental Biology from the University of Maiduguri tells PREMIUM TIMES’ Festus Owete about her experience at the Confab.

[img]http://saharareporters.com/sites/default/files/styles/normal_medium/public/Yadomah_Madara.jpg?itok=yu-gVhw_[/img]

PT: Are you a member of the family of the famous Bukar Mandara in Borno State?

Yadoma: I’m his last born.

PT: How old are you?

Yadoma: I’m 24.

PT: What do you do?

Yadoma: I work for the public service and have a foundation that caters for widows and orphans in Borno State.

PT: Is it on the platform you came to the National Conference?

Yadoma: I came on the platform of “Other Youth Organisations.”

PT: How did you get nominated into the Conference? Was it the government that called you up or did you apply for a seat?

Yadoma: Someone I had never met was asked to nominate a youth from the North East and he felt I can represent the youth. He nominated me and others and I eventually got picked; that is how I came here.

PT: What are the criteria that suggestion was based? I mean what did the person see in you?

Yadoma: I don’t know what the person saw in me, maybe he had been reading my write ups. However, I believe that my drive and passion for the country is what made him nominate me.

PT: What are your antecedents? I mean you must have done some things that made that person to notice you and nominate you.

Yadoma: Not really! Actually, I always air my opinion. I am especially a writer. I am a blogger. I write about politics although I am not really interested in going into politics. I have particular interest in the way politics is going on in the country. I write my opinion, on my social media space and blog. I also participated in campaigns like ‘Occupy Nigeria.’ When I see injustice I try to raise my voice against it. I also won a state and National award after my service – NYSC/CBN venture prize.

PT: What is your discipline?

Yadoma: I studied Environmental Biology.

PT: You have been here for about four months. You spoke yesterday (during the plenary session) and you were thanking some of these delegates for taking you like a daughter. Were you at any point intimidated when you came and saw some of these people old enough to be your grandparents as they are 80 and 70 years etc?

Yadoma: Actually when I was about to come I totally assume or probably say presumed that I was going to have obstacles with the elderly people, people with pedigree; the who is who; crème de la crème of Nigeria. But coming here, sitting on my right is a retired colonel, and on my left is a chief who is about 70 or thereabout. They carried me along like a colleague and a daughter to them, they give me advice at some point, (and) we flow. The other delegates, most of them have given me encouragement, supporting me. I wasn’t expecting that initially when I came. But my view point or opinion changed and I blended with the Conference. Things are going the way I expected it to go, not really the way I assumed it would have gone.

PT: Would you say you are satisfied with the proceedings so far?

Yadoma: So far so good! Some of them have given me the support I require, for example the leadership of the Conference. I registered my name to speak on most of the reports of the committees and they have called upon me to speak. So, I wouldn’t say as a youth I was marginalised. As a person, I was given the maximum support I needed as the youngest among them.

PT: Do you think the youth in this conference have made any mark or impact so far?

Yadoma: We have made some recommendations and contributions which if implemented, will move the country forward, especially in terms of employment, education, participation of youth in politics, among other things. I believe the 18 of us who are here representing about 70 million Nigerian youth are like a minority representing the majority – 3.5%. It will be hard for us to push the view point of the entirety of the youth, but at least we have tried our best to push some of the critical problems bothering the youth in Nigeria.

PT: Some elderly people believe the youth are not prepared to take over the leadership of this nation considering the many vices they are into. Do you share this view?

Yadoma: Young people are the future of our country. They will have to inherit the nation’s leadership at some point. That is a generational and biological fact. Yes, some young people might be involved in vices, but they reflect the problems of our society. I think when society offers the young the opportunities to affect the country in a positive manner; they will learn to be ever more responsible. So it is about both the young and the old, building a good country together.

PT: You were the deputy chairman of a Committee. What kind of treatment did you get from your members who were apparently older than you?

Yadoma: I was deputy chairman of the Committee on Environment. I was deputy to Senator Florence Ita-Giwa. When we started committee work, Mrs. Ita-Giwa asked me what I studied, I told her Environmental Biology and she said that is very nice, I will help her a lot in the proceedings of the Committee. And during my first introduction to the committee members who by far are older than me I would say the only one closer to my age was about 20 years older than myself. I told them I don’t know why I was nominated to be the deputy chairman. In terms of intellect or age they are by far wiser than me and I hope they will give me the opportunity to learn and grow. They said leadership is not by age or what you know. They gave me the maximum cooperation I needed and it was a success.

PT: You didn’t lobby for the position?

Yadoma: I never lobbied for anything in this Conference.

PT: So with your discipline did you make any concrete contribution to the recommendations of the committee?

Yadoma: Yes of course. There are so many contributions I made which if implemented will create employment for the youth which is the constituency I represent. Even though I am an environmentalist I focused on bettering the environment whilst creating jobs. There are so many environmental programme that when implemented will improve the lives of Nigerians and create employment.

PT: Did you have the time to attend nocturnal meetings called by delegates?

Yadoma: I attended all meetings that were necessary for the success of the Conference.

PT: There is a matter on ground now and that is the issue of derivation fund. What is your take on this?

Yadoma: My take is simple. When I made my presentation I said ‘whatever we do we have to think of the entirety of Nigeria first before our communities or the regions we represent.’ And if what we are trying to push is in the interest of our region and to the detriment of the entirety of Nigeria then that thing is not worthwhile. So the issue of derivation, to me as a person, I will say 13% is enough. And my major concern with the Derivation is that it doesn’t benefit the community people. At the committee level (Environment), we suggested some recommendations on the issue of degradation of the environment.

The host communities and the people of the communities are still suffering despite the derivation that is in place. So how can we use those monies to touch the lives of the common man, not just the elites that are asking for the derivation? Here we are talking about how we will share the money and how we can divide the money amongst us but nobody is mentioning these local people. Though a few delegates suggested that some part of this derivation money should go to the local communities where the major problem is and I agree with them. There was a suggestion that there should be a fund for the cleansing up of the Niger Delta which I am in agreement with. There is need to clean up the environment.

The issue I have with the derivation money is that if it is increased there is no way it can touch the life of the average local person who is greatly affected by the pollution. So if there is a way we can have a fund for the cleansing of the Niger Delta and for the empowerment of those people suffering it will be appropriate; even though we have the NDDC and other funds, yet the locals are still suffering.

PT: The position appears to be that of the northerners. Is it because you are northerner?

Yadoma: No, I have never projected myself as a northerner here in this Conference. I have never for once mentioned where I am from. Even during the debate on the report of the Committee on National Security, people were saying nobody from Borno State was called to talk. And I spoke on that day and even the deputy chairman was telling them that Ms. Mandara spoke. But some of them don’t even know where I am from. They don’t know if I am from the north or the south, this position is a common position for any right thinking Nigerian. And I believe it’s high time we started to think of developing and creating more ways to generate revenue and stop relying on the oil which is a wasting resource. So it is not about the north or south. It is about truth wherever it lies.

PT: During the conference did you see some of your delegate colleagues as being selfish in their contributions to the debate on the president’s speech and the reports of the committees?

Yadoma: Of course! In a conference of about 492 people you should expect some people to be selfish or push their interest first before the interest of the country. Of course some people are being selfish, biased and sentimental in their contributions.

PT: Were you disappointed?

Yadoma: I’m very much disappointed as a Nigerian but I will say I am glad I came here. If not for anything, I have learnt the political structure of Nigeria and the way things are and why this country is having serious issues in moving forward. I am disappointed as a young person. I told them when I stood up to speak the other day that I was a bit disappointed the way things were going. One of them was asking me why I was disappointed but I was so down and depressed that day that I couldn’t continue. There were points I broke down.

PT: How would you have wished they made their contributions?

Yadoma: I wished everybody was thinking Nigeria first before a personal agenda or personal viewpoint. If anything is for Nigeria then it should be for the entirety of Nigeria. That is how I expected people to be. But of course, like I said earlier, you can’t have a cluster of people from different geo-political zones and expect all of them to be objective in their different contributions.
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 4:11pm On Jul 13, 2014
They ealier SW reject APC and their leaders the better for them. Am speaking out of revelation not as a supporter of GEJ not PDP. BH is angry with APC supporters from the north for not doing their agreement. So all APC states nation wide will get their share of BH anger.
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 3:41pm On Jul 13, 2014
shymexx: Like they say: "the tree doesn't grow far from its roots"(something like that init?). I'm sure Yoruba's in naij should be able to hold their own - I've no doubt in my mind about that. And when it kicks off, I shall be here to remind you. All they need is that "green-light."

However, stop telling porkies, your folks are the most cowardly people in that country. What's more comical than giving utter useless and sissified ultimatums? Then move from there to id.iotic parades, with men carrying female purses. And you've got "Radio Biafra" crying everywhere on satellite radio. This is comic relief, yo. grin

Heck, Nigerian government doesn't even take your folks seriously, hence they use the stick-carrying police to smack them back in line. Bruv, I honestly don't take your folks seriously. And whenever I want to laugh - I just search for all the ultimatums your folks have given in the past, and start laughing hysterically. grin
Cowardly epistle!
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 3:30pm On Jul 13, 2014
C0llynzO2: Ever heard of ''prevention is better than cure''?
Or ''a stitch in time saves nine''? We value human lives greatly were we come from and will do anything to prevent unnecessary loss of lives in our land unlike you fools who bother about other people's problems and ignore the ones in your backyard.
The whole of Nigeria knows what will happen if boko haram carries out any attack in the east.
Despite all your threats upon threats, they attacked Lagos and killed 5 people yet all you cowards could do is cover it up.
Cowardice is in your genes and there is nothing you or anyone else can do about it.
I tire o.....
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 3:11pm On Jul 13, 2014
edimat007: D question is, Y does it take him so long to claim responsibilty if he realy cause D lagos accident & Abuja bombing.
How long did it take him to claim Chibok girls kidnap? Tell your OPC to act now or never
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 1:10pm On Jul 13, 2014
futprintz: BH don show for Lasgidi be sey dey don show! Denying dat fact is jst foolish...i wonder wat other evidence u empty-headed dim-wits need to act angry grin
W're waiting for OPC response.........
Maka na Hausa abata Lagos
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 1:10pm On Jul 13, 2014
grin
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 12:51pm On Jul 13, 2014
vinkod007: As far as I am concern, boko idiot is just trying as much as possible to remain relevant by claiming any incidence dat may happen. Dey should not worry, deir time will soon be ova #teamcrushshekau
The same way they claimed Chibok girls video. Southwest and Hypocrite
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m): 12:48pm On Jul 13, 2014
Ngwakwe: Is the Boko Haram Chibok girls video real?


Just asking.
Lol....... the same people who said that Boko Haram Chibok girls video real is the same people saying that Lagos bomb blast claimed by Boko Haram is not real
Politics › Re: Boko Haram Claim Abuja, Lagos Attacks In New Video by gratiaeo(m):
Hope OPC will react this time around
Btw, Where are those yorubas in this forum who boasted and promised fire that any day Boko Haram bomb Lagos that will be the end of Hausa. It has just happened. Are they still trying to UnCloth their Agbada and Asieko TALK is cheap. OPC over to you
Politics › Re: BREAKING NEWS : ASUP Suspends 10 Months Strike by gratiaeo(op): 4:29pm On Jul 12, 2014
9 months strike without any concrete achievement. What a pity. No wonder the FG always take the poly lecturers for a ride.
Politics › Re: BREAKING NEWS : ASUP Suspends 10 Months Strike by gratiaeo(op): 4:22pm On Jul 12, 2014
Punch Newspaper
The Academic Staff Union of Polytechnics has suspended its nine-month strike.

The National President of ASUP, Mr Chibuzor Asomugha, who spoke to our correspondent on the telephone on Saturday, said the polytechnic lecturers would resume work on Tuesday.

He explained that the strike had only been suspended for three months, an interlude the government is expected to meet the demands of ASUP.

The polytechnic lecturers began their strike on October 4, 2013.
http://www.punchng.com/news/poly-lecturers-suspend-nine-month-strike/
Politics › BREAKING NEWS : ASUP Suspends 10 Months Strike by gratiaeo(op): 4:17pm On Jul 12, 2014
Damilola Oyedele 

Following the plea by the new Minister of Education, Mallam Ibrahim Shekarau to striking members of the Academic Staff Union of Polytechnics to suspend their strike as negotiations continue, the union has finally suspended its 10 month strike.

The Union however noted that the strike is being suspended for a period of three months, after which it would reconsider its decision if the government does not show good faith.

The decision to suspend the action came Saturday following an emergency meeting of its National Executive Council in Abuja.
http://www.thisdaylive.com/articles/breaking-news-asup-suspends-10-months-strike/183396/
Politics › Re: Delta PDP Chairman, Youths, Beat Up Former PDP National Chairman's Wife by gratiaeo(op): 2:47pm On Jul 12, 2014
Mynd44: Sorry for the beating, it is wrong and babaric but....... nice thighs.....call me perv. So? gringrincheesycheesy
So fast?
Politics › Delta PDP Chairman, Youths, Beat Up Former PDP National Chairman's Wife by gratiaeo(op): 2:39pm On Jul 12, 2014
"I sprang up from my seat in defense and immediately, over a hundred youths gathered and started attacking me, and tore my clothes,” - Mrs. Mariam Nneamaka Ali, wife of former PDP national chairman.
https://saharareporters.com/sites/default/files/styles/normal_medium/public/mrs_ahmadu_ali.jpg?itok=ASQqDJ6YMrs. Ahmadu Ali shows part of her torn clothes after the fight at the PDP Secretariat in Asaba
Decorum was said to have been thrown into the wind Friday, when the Delta State Chairman of Peoples Democratic Party (PDP), and youths suspected to be loyal to the party chairman, allegedly in broad day light beat up and tore the clothes off the wife of the former PDP national chairman, Mrs. Mariam Nneamaka Ali.

The show of shame occurred when the State Governor, Dr. Emmanuel Uduaghan, had waited to come and perform the formal commissioning of the newly built state secretariat of the party. It was a presentation of vehicles to the 25 local government party chairmen in the state.

A SaharaReporters correspondent learned that trouble started at the state party secretariat following a heated argument between the state party chairman, and the wife of the former PDP national chairman. It was all over a seat.

In recalling her ordeal, the wife of the former PDP national chairman, Mrs. Mariam Nneamaka Ali, alleged that as a Board of Trustee member of the party, she had been, on several occasions, ‘sidelined’ by the state party chairman and others.

According to Nneamaka Ali, “A PDP stakeholder meeting was held in Abuja and as a Board member member, I was deliberately not invited and just today, another stakeholder meeting was held at the state party secretariat. The same time the same thing happened, I was not informed until someone called me that since I am in town, it will be nice and wise for me to attend, and I went.

On arrival, I saw two vacant seats besides the former deputy governor, Chief Benjamin Elue, and the speaker, Mr. Peter Onwusanya. I quietly seated [myself] and immediately, to my surprise, the MC of the ceremony publicly announced that where I was seated was not meant for me,” she said.

“As that was happening, the state party chairman, Peter Nwaoboshi, was called to the scene, and walked up to me, and asked me to stand up from the seat. And before anyone could say, ‘Jack Robinson,’ he gave me several severe slaps on my face, and started fighting me, and I sprang up from my seat in defense and immediately, over a hundred youths gathered and started attacking me, and tore my clothes,” she stated angrily in recalling her ordeal.

https://saharareporters.com/sites/default/files/styles/normal_medium/public/ATT_1405112565882_IMG_20140711_171404.jpg?itok=Azi8TwWWMrs. Mariam Nneamaka Ali's torn clothes
“She was manhandled, humiliated and pushed away. Her gold necklace and other valuables were lost in the process. Chief Solomon Obga, the speaker, former deputy governor, and others, were there but nobody could do anything. Nwaoboshi forgot so soon how he was brought from the trenches, and made what he is today by the same woman he has fought. This was the same woman who made him that he is fighting because of his tall ambition that he will never achieve,” Okocha Victor said.

“This was same Nwaoboshi who was given N60million, by the then PDP national chairman, Bamaga Turku, to dispose to the local government party chairmen, and he ‘seized the money’ till date. He has a penchant of collecting money from people, and the good people of Delta North will never have such a dubious character as a senator representing them come 2015,” Okocha Victor added with anger in his voice.

Giving his own side of the story, the state party chairman, Chief Peter Nwaoboshi, debunked the allegations of anyone, including himself, fighting the wife of the former PDP national chairman, Dr Mrs. Mariam Nneamaka Ali.

According to Nwaoboshi, “She was the one who attacked me, tore my shirt, and slapped me twice. She went and sat on the chair reserved for the state deputy governor, and the security agents approached her to look for somewhere else to sit, and she ‘flared up,’ saying she is a member of Board, and who is the deputy governor. All efforts to pacify her failed, and she walked up to me and asked me if I knew she is a member of Board. I told her that I don’t know if she is a member of the BOT by my records. And the next thing I saw was a slap on my face, twice, and  she tore my shirt.

[img]http://saharareporters.com/sites/default/files/styles/normal_medium/public/ATT_1405112567158_IMG_20140711_171457.jpg?itok=u0-wQVfG[/img]Mrs. Mariam Nneamaka Ali's torn clothes
“People were there, persons like the former deputy governor, the 25 local government party chairmen, security agents were all there, to confirm what I have just told you. Despite the provocation, I did not retaliate. Even when she slapped me twice, and tore my shirt to shreds. She could have been lynched if not for my intervention and the elders of the party,” Nwaoboshi stated.
http://saharareporters.com/2014/07/11/delta-pdp-chairman-youths-beat-former-pdp-national-chairmans-wife
Crime › Re: Felix Okafor, Jailed 263 Years In The US For Drugs by gratiaeo(m): 1:44pm On Jul 12, 2014
This thread would not have made front page if the offender was not Okafor.
Crime › Re: How I Killed, Drained Teenager’s Blood For Money Ritual – Suspect by gratiaeo(m): 6:46am On Jul 12, 2014
tyson99: Omokomo ro fe ya abi wem gboran nekan
oloribu oloruniya o ni dide nle abi ile o ti mo ni?
Chineke kpoo gi oku!
Crime › Re: How I Killed, Drained Teenager’s Blood For Money Ritual – Suspect by gratiaeo(m): 6:41am On Jul 12, 2014
tyson99: Ah epe!.... padi mi rora nah o se aro kutukutu oya mabinu grin
Nkita rachaa gi onu ebe ahu. Anu ofia!
oloribu oloruniya o ni dide nle abi ile o ti mo ni?
Crime › Re: How I Killed, Drained Teenager’s Blood For Money Ritual – Suspect by gratiaeo(m): 6:04am On Jul 12, 2014
tyson99: O+D+E = ODE
Olori Buruku
Crime › Re: How I Killed, Drained Teenager’s Blood For Money Ritual – Suspect by gratiaeo(m): 5:38am On Jul 12, 2014
"One thing is clear.
Evil begets evil. There’s a
price for every bad thing.
Those who indulge in these
primitive and devilish
tendencies never end up
well"
Crime › Re: How I Killed, Drained Teenager’s Blood For Money Ritual – Suspect by gratiaeo(m): 5:35am On Jul 12, 2014
Southwest need Gods intervention
Politics › Post-rebasing, Nigeria’s GDP Growth Revised Down To 5.49% by gratiaeo(op): 5:20am On Jul 12, 2014
•Country’s real GDP put at $407bn
•Still 26th largest economy in the world


By James Emejo 

Nigeria’s real Gross Domestic Product (GDP) growth rate has been revised downwards to 5.49 per cent in 2013 from the projected 7.41 per cent earlier announced in the April rebasing exercise undertaken by the National Bureau of Statistics (NBS).

In its revised and final GDP rebasing results by output released yesterday, the NBS also showed that the Nigeria’s real GDP output at constant price in 2013 stood at $407.85 billion (N63.218 trillion).

When the NBS released its rebased figures last April, the country’s nominal GDP output in 2013 was put at $510 billion (N79.050 trillion).
Real GDP, often referred to as “constant price”, is an inflation-adjusted value that reflects the value of all goods and services produced in a given year, expressed in base-year prices, and is always lower than the nominal GDP that has not been adjusted for inflation.

With the revision, Nigeria still retains its position as the 26th largest economy in the world as well as Africa’s largest economy.

South Africa, the continent’s second largest economy, had a nominal GDP on 350.7 billion in 2013, according to the World Bank.

But despite the size of the Nigerian economy, it is still classified as a lower medium income economy due to its low per capita income of $2,760, relative to South Africa’s GDP per capita of $6,800, which makes it an upper middle income economy.

The real GDP growth rate following the rebasing exercise by the NBS was estimated at 5.09 per cent in 2011; 6.66 per cent in 2012 and a projected 7.41 per cent in 2013.
However, according to the revised and final GDP rebasing results by output approach, which was released yesterday by the NBS, it stated that GDP growth for 2011 had also been reviewed upwards to 5.31 per cent, while in 2012 it was revised downwards to 4.21 per cent.

Commenting on the revision, the Managing Director of Financial Derivatives Company, Mr. Bismark Rewane, said it is not unusual for countries to revise their GDP figures to reflect the true growth rate and GDP output.

He informed THISDAY that he had expressed concern when the NBS, last April, had projected a growth rate of 7.41 per cent as the country’s GDP growth rate for 2013, stating that it was not possible for the GDP growth rate to grow in tandem with an economy that is expanding in output.

“The larger the economy, the lower the rate of growth is what obtains worldwide. Even see what happened with the Chinese economy in the 1990s, it grew at 15 per cent, but has slowed down to 7 per cent as output grew,” he said.

“We expected that there will be a corresponding reduction in (Nigerian) growth ... It’s much easier to grow when you are small than when you are big,” he was quoted by Reuters as stating also.

But Rewane added that the economy was still too heavily dependent on oil and vulnerable to price shocks.

“The Nigerian economy is narrower with oil as the dominant revenue earner. South Africa has a more balanced economy. The stage of development in Nigeria is still primordial, which makes our growth vulnerable,” he said.
There was no immediate reaction to the data in the equity or currency markets.
http://www.thisdaylive.com/articles/post-rebasing-nigeria-s-gdp-growth-revised-down-to-5-49-/183378/
Politics › Re: To Have Stable Electricity, Vote Out PDP-FASHOLA by gratiaeo(m): 8:27pm On Jul 11, 2014
VOTE OUT APC, GET TAP WATER IN YOUR HOUSE IN LAGOS.

VOTE OUT APC, GET FREE EDUCATION IN LAGOS. LASU STUDENTS TAKE NOTE.
Politics › Re: To Have Stable Electricity, Vote Out PDP-FASHOLA by gratiaeo(m): 8:19pm On Jul 11, 2014
Very lame thing for legal luminary like Fashola to say, they think we are bush men to be enticed with electricity. Fashola should have finish his Badagry express way before talking about power supported. This man is a joke.

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