Family › Re: Widow Cries For Help, Accuses Late Husband’s Siblings Of Victimisation by greenermodels: 9:35am On Jan 29, 2024 |
God would see her through, that's why it's always important to marry into a good family. |
Politics › Re: Nigeria Missing In Top 10, As Egypt Generates $15 Billion From Tourism In Africa by greenermodels: 11:22am On Jan 28, 2024 |
Only a fool would go on a tourist visit to Nigeria. Punch Newspapers https://punchng.com › terror-attack-... Terror attack on Kajuru Castle |
Crime › Re: After 10 Years Of Barrenness, Bandits Kill Nursing Mother, Her Mum In FCT by greenermodels: 9:04am On Jan 28, 2024 |
This is what MNK foresaw and foretold, the Fulani herdsmen militia are on full rampage in the northern and southwestern parts of the country while the president and his security operatives are busy playing politics of tribalism and nepotism. Where are the cows? Is it Evans or Chinedu Philip? |
Crime › Re: Bandits Abduct Police Inspectors In Delta, Steal AK47 Rifles by greenermodels(op): 5:45am On Jan 28, 2024 |
The Nigerian security forces are not willing to tackle the Fulani herdsmen problem, they'll rather be playing politics in the name of tackling IPOB while real insecurity problems gets worse. |
Crime › Bandits Abduct Police Inspectors In Delta, Steal AK47 Rifles by greenermodels(op): 5:25am On Jan 28, 2024 |
Three mobile policemen attached to PMF 51, Oghara, have been reportedly abducted by suspected herdsmen in the Ohoror community of the East-West Road in the Ughelli North Local Government Area of Delta State. Sunday Special gathered that the kidnappers also carted away the service AK47 rifles with ammunition of the policemen who were marched into the bush. It was learnt that the kidnapped cops were part of a team of six mobile policemen drafted to the Ughelli-Patani Road nipping point. It was also learnt that the news of the abduction created tension in the community. A police source said the cops were whisked away while attending to a distress call. “While they were at the tipping point, a young man simply identified as Moses Progress, 22, from the Uwheru community came to inform the team that he was robbed of his OPPO phone and money by suspected herdsmen under a nearby bridge close to their point while performing rituals to the god of the river. “Consequently, the leader of the patrol team reportedly detailed the three inspectors to follow the complainant to the scene, armed with their AK-47 rifles. “While waiting for the return of the three inspectors, the team later saw the complainant on a speeding motorcycle without our men,” the source said. “He was stopped to inquire about the three mobile police officers who went with him. It was at that juncture that he told them that, when they got to the scene, they were attacked at the bush by six herdsmen and he had to escape while the policemen ran in different directions. “When he told our men that he did not know the whereabouts of the police officers who went with him, there was no option than to arrest him after they called for backup,” the source added. The Police Public Relations Officer for the Delta State command, Bright Edafe, could not be reached for comments on the incident as of the time of filing this report. https://punchng.com/bandits-abduct-police-inspectors-in-delta-steal-ak47-rifles/?amp |
Crime › Re: Group Hails Court For Sentencing Man To 7 Years For Defiling 12 Year Old Girl by greenermodels: 6:30pm On Jan 24, 2024 |
The usual sentence for having consenting sex with an underaged girl is life imprisonment what's more of forceful rape. |
Foreign Affairs › Re: Liberia's New President Faints, Rushed Off Podium During Inauguration (Vid) by greenermodels: 5:35am On Jan 23, 2024 |
Tinubu's real age is even more than 79years with his own health problems, everytime he talks in public,it quickly degenerates into a poorly thought out or outrightly incoherent speech yet he wants to lead the country whether the voters wants him or not because it's his turn. Bulaba da bulubu de gazelle. |
Politics › Re: Don’t Make Money Your God, Tinubu Charges Nigerians by greenermodels: 10:08pm On Jan 22, 2024 |
Is this supposed to be a joke? How much did he spend to snatch, grab and runaway with our mandate that he should preach against corruption? What's the source of his wealth for him to tell Nigerians not to make money their god? He who comes to equity must do so with clean hands. |
Politics › Re: Adesina Reveals Buhari’s Response To Tinubu’s ‘emi Lokan’ Speech by greenermodels: 8:00pm On Jan 22, 2024 |
No matter how much you promote the book on Nairaland frontpage,we would not buy it. |
Family › Re: My 2 Year Old Marriage Is Shaking. This Is What Is Happening by greenermodels: 4:16pm On Jan 22, 2024 |
To be fair,go out more with her instead of going alone, apart from that, the lady needs to be talked to, imagining threatening to leave over every minute difference is a sign that she's not emotionally prepared for marriage. |
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Politics › Re: Adesina: Buhari Not A Bigot, He Mentioned Jesus When Osinbajo Survived Air Crash by greenermodels: 5:10pm On Jan 21, 2024 |
This guy should just and quietly eat his own share of the loot they made under Buhari, even Buhari would not read his stupid, lying book. Buhari was a shameless and unapologetic bigot who openly engaged in nepotism,he never pretended about it. |
Crime › Re: Police Disrupt Kidnap Plans, Arrest Three Suspects In Abuja by greenermodels: 5:01pm On Jan 21, 2024 |
I don't trust the Nigerian police,as far as I am concerned, this might be a mere media stunt to deceive the public into thinking that the police is in control of the situation. |
Family › Re: 106 Male Parents Fled Home In Gombe Over High Cost Of Living In 2023 - NHRC by greenermodels: 3:28pm On Jan 21, 2024 |
Why should they run after voting for Buhari and Tinubu? They must go back to face the problems they created for themselves with their prick by breeding like rats. |
Romance › Re: The Perfect Gift For Your Ex On Their Wedding by greenermodels: 3:12pm On Jan 21, 2024 |
My ex was my working place colleague,I intend marrying her then but that would have been spending the rest of my life in misery due to her stubborn character leading to constant squabbles. When she got married and invited us, I bought the full length of her aso ebi cloth and travelled out of town before her wedding day. |
Crime › Re: Rivers Policeman Arrested For Defiling 13-Year-Old Girl by greenermodels: 10:11am On Jan 21, 2024 |
Too many bad news in this country. |
Politics › Re: Bandits Abduct 36 Women, Kill 3 In Zamfara Community by greenermodels: 5:02pm On Jan 15, 2024 |
The southeast is militarized with a police or military checkpoint every half kilometer extorting motorists, they should be posted to the north and southwest where herdsmen are wreaking havoc. |
Family › Re: In The Light Of D Economic Situation If U Marry Now How Many Children Wil U Have by greenermodels: 10:45pm On Jan 11, 2024 |
3-4 kids is my ideal. |
Celebrities › Re: Chima Amadi Spends Millions On Kinsmen, Gifts Popular Musician, Kabaka A Car by greenermodels: 5:41am On Jan 10, 2024 |
That's very nice of him,Igbo Amaka. |
Education › Re: Share Your Experiences As A Postgraduate Student In A Federal University! by greenermodels: 12:42pm On Jan 08, 2024 |
dangotesmummy: LMao. They're not saints o. Some of these girls too get their own for body.some girls actually like the idea of dating lecturers.it makes them feel yes my manfriend is a lecturer. Some actually lust over their lecturer and some girls like office sex in the evening in the lecturers office. The lecturer will just close all the doors Windows and curtain and then on the a.c and do quickie in the office meanwhile his wife and children's picture are on the table where they're fokeen the girl
There was one of the lecturers back then that used to disgust me.anytime I see him I always felt irritated because when he finish fokeen a girl in his office you will see semen stains on his trousers very close to his zip.no woman he cannot toast.if he see mad woman He will toast her you really understand the system, lol. |
Politics › Re: ‘our Gov Locked In Prayer While His Candidate Lost Primaries – Achado Mocks Alia by greenermodels: 10:53am On Jan 07, 2024 |
A religious cleric trying to to keep a clean profile in either APC or PDP would be hurt by so many who're willing to pay delegates and security operatives to win a primary election. |
Foreign Affairs › Re: Russia Attacks Ukraine With North Korean Missiles by greenermodels: 4:44am On Jan 06, 2024 |
Russian forces have long been attacked by the Ukrainians with weapons from all over north America and Europe so no biggie here. |
Politics › Re: Port Harcourt Refinery To Complete Test Run This Month by greenermodels: 5:25pm On Jan 05, 2024 |
SpatialKing: Check out North Carolina State University Master's in Geospatial Analystics program wow, this course have excellent course selection. |
Politics › Re: Port Harcourt Refinery To Complete Test Run This Month by greenermodels: 5:18pm On Jan 05, 2024 |
SpatialKing: Check out North Carolina State University Master's in Geospatial Analystics program are jobs readily available after studies? I want to obtain the masters in Nigeria before moving abroad for a PhD. |
Politics › Re: NBC orders radio, TV stations to stop reporting ‘details’ of herdsmen attacks by greenermodels: 5:07pm On Jan 05, 2024 |
But they're free to publish those lies from the security agencies against IPOB as news? Nigerians would learn their lessons by themselves so no comment from me. |
Politics › Re: Port Harcourt Refinery To Complete Test Run This Month by greenermodels: 4:54pm On Jan 05, 2024 |
SpatialKing: If you feel like verifying go on verifying kwa? I would like to link up with you, I've been thinking lately of going for a masters degree either in geography or economics as a step towards a PhD abroad but making a decision have been hard due to lack of appropriate first hand advice. |
Politics › Re: Port Harcourt Refinery To Complete Test Run This Month by greenermodels: 3:23pm On Jan 05, 2024 |
SpatialKing: Tinubu people especially the Yorubas are currently the ones complaining their videos are everywhere..
I wonder why they are complaining
Please since you are making alot from stock and you have enough why don't you help your people especially to feed?
Why are you stingy chairman,are you really into Gis and based in the USA? |
Family › Re: At What Age Should A Mother Stop Bathing Her Son? by greenermodels: 2:40pm On Jan 05, 2024 |
I didn't bother to click on that post on the frontpage because it's silly,I bathed my junior sisters till they were capable of doing it themselves. |
Politics › Re: "Bola Tinubu Won’t Pay Back The N7.3trillion Already Looted" - Jackson Ude by greenermodels: 11:57pm On Jan 04, 2024 |
GreenAgain: Are “Ways and Means” Loans?
There have been several arguments as to whether ways and means should be described as loan or something else. Many have contended that it should not be considered as part of Nigeria’s loan profile.
But, let us examine the meaning of loan? Investopedia, a business and investment dictionary, defines a loan as “a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount.”
Hence, ways and means are clearly loans that should be repaid. In fact, Section 38 (2) says “all advances made pursuant to this section shall be repaid as soon as possible…” The section also says that it should be repaid with interest.
However, outgone President Buhari smartly got the approval of the Senate and securitised the ways and means. These loans will thus be converted into long-term bonds and be sold to the investors, including you. How smart can that be?
Implications
There are several implications of this. First, it is a violation of the Nigerian laws, which must not be condoned. It means the Federal Government or any president in power can violate the laws and get away with it.
Two, ways and means increases inflation by raising liquidity in money or capital market. Money market is a market where short-term instruments are traded. Examples of such instruments are treasury bills and mutual funds. On the other hand, the capital market is a market dealing with long-term instruments such as bonds. It also means a market where bonds and stocks are traded.
By securitising ways and means, rather than pay back to the CBN, the Federal Government simply puts too much money in the money or capital market. For instance, when you advertise a bond of N11 trillion value, investors will trade them -pay for them. This naturally increases liquidity in the economy.
It makes more money available in the economy, thereby fuelling inflation. The World Bank has also accentuated this position, stressing that “between 2020 and 2021, inflation left about eight million more Nigerians below the poverty line by increasing the total number of poor people to about 90 million.”
In other words, the CBN is part of the party that has worsened inflation in Nigeria in the last six years. The ordinary man in the street feels the pains of rising inflation rates in the form of high cost of living.
More so, it increases Nigeria’s debt servicing burden because each loan taken must be repaid with interest – however low. This leaves little resources for infrastructure and development programmes that will benefit the common man.
Also, it leaves Nigeria with little capacity to innovate. If the president can easily run to the CBN for loans without repaying, the capacity to leverage revenue avenues will reduce. This makes it hard for any government in power to fund programmes that can improve livelihoods.
So, what should the new sheriff in town, President Bola Tinubu, do with ways and means? Simple, devise more proactive ways of raising revenue and give the CBN some space. nice analysis but na " statistics we go chop?" Pun intended. |
Politics › Re: "Bola Tinubu Won’t Pay Back The N7.3trillion Already Looted" - Jackson Ude by greenermodels: 11:54pm On Jan 04, 2024 |
plessis: Printing and converting them to dollar. Thereby, making the dollar scarce and rise in value. This is my suspicion. normally,our politicians converts their loots to dollars so it's not really a suspicion. |
Politics › Re: "Bola Tinubu Won’t Pay Back The N7.3trillion Already Looted" - Jackson Ude by greenermodels: 10:07pm On Jan 04, 2024 |
Borrowing through ways and means simple means that the government is printing more money thereby causing inflation by pumping more money into circulation. |
Romance › Re: PornHub Releases Top 20 Countries Viewers In 2023 by greenermodels: 9:48pm On Jan 04, 2024 |
Gadafii: All Christian countries except Egypt all countries with affordable data. |