₦airaland Forum

theoldpretender:
NB: This is not a defence of the government, but an explanation if you will of why we should stop being a monoeconomy.

And with that...here is why the $81 oil price won't improve Nigeria's economy

1.We need oil to be at $140 per barrel to be able to have a balanced budget. $81 does not even reach that threshold.

2.Because oil has been below the $140 threshold since the government took over....we will still need to takeloans, and we will continue to take loans until oil reaches the breakeven point of $140...and even after that, we will still be paying back loans.

3.That is how we have been operating since long before 1999. No matter how high or low oil is, we always would keep on taking loan after loan UNTIL we reach the breakeven price...and even then....

4.Even during the last oil boom of 2011-14, because oil was not at the breakeven for those years....we still took loans.

5.The only way forward is simple. We have to

a) End subsides, so that we can save more money and encourage investment...which means more jobs. Yes, fuel will goup....but more investors ,local and foreign will come in, and jobs will be saved.

b)Take strategic loans for power and transport alone...so that we can improve things.

c) End price controls in the power sector. DISCOS cannot make much money on power bills of N2000 a month for metered houses. That way,more money and investment flows into the power sector.

d) Cliche...but we must really 'pight kwarrupshion'.

This is not a defence of the government, but an explanation if you will of why we should stop being a monoeconomy.

And with that...here is why the $81 oil price won't improve Nigeria's economy

1.We need oil to be at $140 per barrel to be able to have a balanced budget. $81 does not even reach that threshold.

2.Because oil has been below the $140 threshold since the government took over....we will still need to takeloans, and we will continue to take loans until oil reaches the breakeven point of $140...and even after that, we will still be paying back loans.

3.That is how we have been operating since long before 1999. No matter how high or low oil is, we always would keep on taking loan after loan UNTIL we reach the breakeven price...and even then....

4.Even during the last oil boom of 2011-14, because oil was not at the breakeven for those years....we still took loans.

Not may!! they are the real determinant, I wonder how PDP will go lobby Omisore after dumping him and imposing Adeleke!

Mostfavoured010:
i have my PVC,where is the free and fair in the election under your party, we know you bought votes with 5k in Ekiti, withdraw securities from Fayose, releasing 16 billion to Aregbe a week to election to buy peoples conscience, deducted 1k votes from Ayedade votes and increased Olorunda votes by 2k votes

Under my Party ke!!!! my party is SDP and we are growing daily..

Atiku does not have a problem with Obasanjo, it is Obasanjo that has a problem with Atiku ambition to become President. For reasons best known to them!!!

This man has evaluated his chances in the APC and decided to join PDP, PDP have a very slim chance in Borno state, Because it is Buhari government that rescued Borno state and its people from total take over by Boko boys..

Fani Kayode and co had the opportunity to change the whole country, when the PDP was in Power, they even brag of ruling the Country for 66 years, They all took turn to loot the treasury despite huge oil windfall.

Its so unfortunate that Nigerians have a choice of PDP and APC, and certainly APC is the better alternative than PDP..

ducramsey99:
please check your English

U sabi book!!!!!

sexyanyabubakar:
When will i buy the Latest power bike if Baba keeps paying Npower graduates 30k BMC stipend monthly

I don't know when you will buy power bike, but one thing i know is that N-power programme is better and transparent than Sure-P. and its the largest social investment scheme ever..

Mostfavoured010:
In a state in which APC enjoys power of incumbency both at the state and FG level, yet they could 'lose' based on the number of valid votes, it's a big shame. You didn't pay salaries and expect people to vote for your party, wicked leader, APC supporters will have heart attack in the re-run results, Power belongs to the people

I can bet my last cent!! that you did not say this words when APC won Ekiti, Fayose did not pay salaries and you expected his Anointed candidate to win just because he is in your favorite party. lets tell ourselves the truth for once.. Buhari is committed to a free and fair election . get your PVC and vote stop assuming about the ruling party rigging the election..

That is how different news from different angles will be coming up, all i know is that INEC has tried in ensuring that the election is fair and free. just that Politicians and their desperate acts are making it difficult for INEC, Secondly the Federal Government deserve accolade by not influencing the outcome as we have experience in 2007..

Omisore would have win this election easily, But No! The PDP as usual imposed ADELEKE, A dancing senator with no Political Agenda, Well lets see how the rerun will play..

Obviously the OP thinks people in Nairaland are the ones that are to vote in Osun!!! So because you are a PDP worker abi na Agent sef, everybody must now vote PDP.. the truth is that PDP had the chance to make this Country Africa Dubai, But they siphoned all money for personal gratification and you want Nigerians to Pick the PDP as the only alternative, it is better i vote SDP than PDP..

People just commenting on this thread, without even reasoning if its true, about what he said, Some people are paid and are desperate to drag the name of the APC in the mud.. and they are really doing a good job..PDP is no better alternative!!!!

There is no big deal in shifting primaries. Just that the Senate may also shift resumption date on the face of urgent National matters as INEC budget. So unfair that people like Saraki play Politics with such National issue..

The Osun election will go down in history as one of the keenly contested election ever in Nigeria. INEC was apolitical in their conduct . This goes to show that our democracy is growing with initiatives such as card reader. The electoral process is relatively fair as to what Obasanjo conducted in 2007..

Nairaland has turn to a forum where people will just come and comment all manner of ills about a bad system and fault the people who are trying seriously to correct the system. Nobody can take away the role of INEC and Federal Government in the peaceful conduct of the Osun state election, though a lot still has to be done!!!

Kudos to the Federal Government, for making sure that Traders get empowered, Even if some persons say its too small or insinuating that it is stipend for Election, truth be told it is a good initiative to empower petty traders..

Abeg make we hear word, is not the same PDP that contributed to the collapse of Nigeria Airways in 2003, Not minding the job loss and Million investment. What did successive Government in PDP do to revive the National Carrier, Absolutely Nothing !!! APC is better than PDP jare.

Saraki is not Yoruba, That he is married to a Yoruba woman doesn't make him a Yoruba man, you guys should stop that cheap Propaganda of him being a Yoruba man, as a matter of fact he can not win South west, not when Tinubu Political structures are still in place..
Kogi and Nassarawa are still Buhari catchment. and Buhari will get 25% in Akwa Ibom and Delta for the first time in history...

If you still doubt Saraki Ethnic group Wikipedia---
Olusola Saraki was born on the 17th of May, 1933 at Ilorin, Kwara State and died in Lagos November 14, 2012.[1] His mother was from Iseyin in Oyo State and his father was from Ilorin. His paternal ancestors were Fulanis who came from Mali about 150 to 200 years earlier.

Sometimes i wonder if Nigerians do not want to see Good and proactive measures by Government, or just that some persons are paid to dragged the government down by any means, Because the present Government have been proactive on this flood issues, even NEMA have been giving Details on how the water level has been increasing, evacuating areas seen as potential threat and even putting a national disaster call on standby.

On this one The PMB government has done well, even the Vice President had visited Niger and Anambra to get first hand information on the flooding..

Lack of internal democracy, Lack of sincerity, unity list and lack of trust between its aspirants is already enough indices that will let any kindergarten Political analyst to know that the PDP footings is on a Mines field. Whilst APC has recovered on time to put back its house together..

Ameachi was a member of the N-PDP still in the APC despite not having one of the Major Offices in the government, he is still in the APC, unlike Saraki, Tambuwal, Kwakwanso. who defected for frivolous reasons like juicy appointments and contracts, plus their self agenda.

So called Giant of Africa do not even have a national carrier, and some persons are even suggesting that Nigeria vote back the Political party that presided over the destruction of Nigeria airways, The Buhari Government even tried in reviving the National Carrier but due to the cumbersome nature of the problem it has to be postpone, I believe this is a foundation the government have layed, for the revival of the National carrier ..

Dogara has joined the PDP long before now, its unfortunate that Nigeria politicians have adopted a method in which they keep changing political parties in every four years to deceive Nigerians that they are for the masses with no principle or agenda that will support the people.

The only reason Obasanjo can not stop the re-election of Buhari is that Nigerians are tired of Obasanjo always dictating who to be the next President since 2007 till 2015,

Exactly as predicted, some unscrupulous elements in lagos and Nigeria, are trying so hard to ensure that Ambode and Tinubu Issue remains unsolvable so they can cash in on the issue, If bot for such reason why will such report even be at the front page. such unverified news should be inside a thrash..

NEMA under the present administration has been active in responding to all the people in need after this Flooding, Nema also release figures on how the water level in states keep rising.

The Vp visit to get on the spot assessment of the situation and to see if officials mandated to carry out sharing of relief materials are truely carrying out such mandate..

Tinubu crying because of Ambode?? This reportage is very weird, Well, Tinubu and Ambode will always settle for the interest of APC in Lagos state, Though Tinubu Political structure in Lagos is well over all the 57 LCDA, And APC needs that structure for the state election and presidential election..

Dancing to where? Davido and his uncle, do not even understand that Nigeria Politics and election is not actually about Music and Dancing, is about strong deep political structures rooted among the People..I do not see how PDP will win APC in south west...

K

At least this Man has an Economy plan" New Economic Development Programme NEDP" un like other aspirant in PDP that keep shouting they will restructure this country, with telling Nigerians how they will go about it..

President Muhammadu Buhari has approved the dualisation of the road linking Ikot Ekpene in Akwa Ibom State and Aba in Abia State. Sen. Ita Enang, Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), disclosed this in an interview with State House correspondents on Monday at the Presidential Villa. Buhari Enang and Sen. Godswill Akpabio (APC Akwa Ibom North-West) led a delegation from the All Progressives Congress(APC), Akwa Ibom on a courtesy visit to Buhari. “Two things the president has done for us today; approving that the road between Ikot Ekpene in Akwa Ibom State and Aba in Abia State be dualised. “The second is that the road from Oron to Calabar, that is the 5th section of the East-West road is going to be awarded and completed; and that is under the Forum on China African Cooperation Funding window. “It runs into hundreds of billions; and runs through the sea and it is to link the entire South-South. “With these two and all others which have been awarded, the entire people of Akwa Ibom State and South-South have declared that they will support the government of president Buhari and APC. “We have no doubt that the entirety of South-South and South-East will be collapsing into APC led by Akwa Ibom,’’ he said. According to him, the delegation comprises politicians of repute in Akwa Ibom State who have come to show solidarity with Buhari. He said that the number of people that had left PDP and crossed over to APC ranging from former legislators, governors, deputy governors, members of the House of Assembly was indicative that the people of the state had pitched tent with Buhari. Enang said that aside roads, the president had also favourably treated the state in terms of appointments. (NAN)

Read more at: https://www.vanguardngr.com/2018/09/buhari-approves-dualisation-of-ikot-ekpene-aba-road/