₦airaland Forum

efilefun:
Please next time you feel like wailing please don't quote me, I just voiced my opinion and you can do yours also without quoting me

Thanks

I will follow you bumper to bumper if it will stop you from being irrational.

efilefun:
Why wont Nigeria be snubbed when the funds given to the previous administration to construct light railways was used in getting locomotives

You are highly delusional. We were not present at the summit, because we have an unserious government, who currently have no economic team in place. Who would have been our representative at the summit, the perm.sec of the ministry of finance? The unseriousness of this government will drive this country over the edge. The unfortunate thing is that you and your ilk will just change your T-shirt to that of the PDP and no one will know that you were a mediocre contributor to the government's gross incompetence.

989900:
You have said nothing man.

The only points you've made so far is, trying to attack me, Soludo, and Boyo, while saying nothing of substance yourself -- I do that too when I've got nothing tangible to offer.

Make your points in favour of madam respectfully, and in a civilized manner.

BTW, Boyo and I are basically non-partisan (we've both criticized everybody) -- get off the assumption kool-aid.

Is it that you can not understand simple English. In his interview, he made a ridiculous assertion about the state of our debt management prior to 2007. How can Economist make that kind of statement. If you can't understand what it is for a doctor to say that Malaria is airborne, then you can't understand anything.

Tinubu needs to learn his history. The problem with Nigeria can be traced back to the 37 wasted years of draconian military rule, which this President was a major part of. All through those years, PMB and the khaki boys failed to
* Conduct a standard census to enumerate the total population of Nigeria so as to have enough data for planning. As at 1991, we were still using data gotten from the 1963 census
* To build a strong fiscal system
* To improve the agricultural sector
* To restructure the power sector
* To improve the health sector, by formulating a National health care plan
* To improve the dilapidated infrastructures in the country
* To strengthen the judicial system
* To improve the financial institutions, by regulating their activities
* To improve the petroleum sector which accounted for most of our revenue
* Under their watch, the economy was shrunk from a multifaceted economy with many viable sources of revenue into a monoeconomy hence, making us fall victim to the DUTCH DISEASE
* They mismanaged our debt profile, and made a mess of debt servicing, thereby making us unreliable to the international markets, and making us a slave to the likes of the Paris club
* They even failed at security, which was their number 1 job
* To formulate viable economic policies which would have taken into cognizance the future of the country
* To build a strong capital and money market
* To improve the manufacturing sector
* To industrialise the nation
The truth is that the military: PMB included, just like he is doing once more, failed to plan, and so planned to fail. The military spent its time more on chasing shadows and trying to maintain control of the people so as to remain in power. The PDP, has spent the last 16 years, trying to clean up the mess created by the military in cohorts with selfish and myopic individuals like TINUBU and AKANDE. Unfortunately, once more, this people are back to destroy all the PDP have selflessly done to make this nation great.

989900:
"In the first place, no country pays every debt it owes when its people are suffering. In addition, there was evidence that we had paid the initial debt owed several times over and yet we were told to pay 12 billion dollars to be able to get a reprieve of God knows what, at a time when poverty in the country was deepening." --Boyo.

The above was what he said, the right question you should be asking is: what evidence?

The rest assumptions and comments you made (while you are entitled to your opinions), are just what they are . . .

Same way I can relate to Soludo's take on NOI's pedigree as VP admin at the world bank, does not make her qualified for the job.


BTW, Mr. Boyo mentioned a whole lof indisputable points; maybe if you read again with an open mind, you might agree with quite a good number of them.

APC and ignorance are one and the same. Mr Boyo said that nonsensical rubbish for people like you. Even in economic text books on Nigerian economy, that treat the external debt and debt management policy, it clearly indicated the stock of our external debt. Mr Boyo and soludo know how lazy and ignorant Nigerians are. I used that as a standard to judge the trash Mr Boyo said in his entire interview. I read the entire article, and I can tell you that it is equivalent to nursery rhymes. it was complete BALDERDASH.

An economist who does not know the true debt service ratio in the country from 1960-2007 is no economist. Imagine an economist saying that we had paid our debts several times over before 2007. Henry Boyo is nothing but a fraud. As at 1997, our official external debt stock, stood at $27.012 billion. How in gods name, Mr boyo said we have serviced all our debts, with a sober mind is puzzling. He is in no way of NOI's standard. Why doesn't he go and get an appointment in world bank. If he could not see the brilliance behind, Madam NOI's economic strategy, then he should ask for a refund from his alma mata. What a joke.

Tinubu needs to learn his history. The problem with Nigeria can be traced back to the 37 wasted years of draconian military rule, which this President was a major part of. All through those years, PMB and the khaki boys failed to
* Conduct a standard census to enumerate the total population of Nigeria so as to have enough data for planning. As at 1991, we were still using data gotten from the 1963 census
* To build a strong fiscal system
* To improve the agricultural sector
* To restructure the power sector
* To improve the health sector, by formulating a National health care plan
* To improve the dilapidated infrastructures in the country
* To strengthen the judicial system
* To improve the financial institutions, by regulating their activities
* To improve the petroleum sector which accounted for most of our revenue
* Under their watch, the economy was shrunk from a multifaceted economy with many viable sources of revenue into a monoeconomy hence, making us fall victim to the DUTCH DISEASE
* They mismanaged our debt profile, and made a mess of debt servicing, thereby making us unreliable to the international markets, and making us a slave to the likes of the Paris club
* They even failed at security, which was their number 1 job
* To formulate viable economic policies which would have taken into cognizance the future of the country
* To build a strong capital and money market
* To improve the manufacturing sector
* To industrialise the nation
The truth is that the military: PMB included, just like he is doing once more, failed to plan, and so planned to fail. The military spent its time more on chasing shadows and trying to maintain control of the people so as to remain in power. The PDP, has spent the last 16 years, trying to clean up the mess created by the military in cohorts with selfish and myopic individuals like TINUBU and AKANDE. Unfortunately, once more, this people are back to destroy all the PDP have selflessly done to make this nation great.

atbu1983:
Bros you are spot on. That was d same reason all Nigerian coaches loved Garba Lawal those days. he was always loyal. The same reason Chelsea have not sold Mikel Obi.

" A leader who abandon, destroy or kill those who are devoted and loyal to him does not inspire devotion and loyalty" Tyrion Lannister, Games of Throne .

Buhari is just being a good leader who appreciate loyalty.

The same tyrion lannister said to cersei
" He ordered the head of the kingsguard to murder the kingshand in the full glare of everyone, the BOY is an IDIOT"

And some people were here all night on Nairaland killing their sleep, to defend the president's ridiculous political gaffe. They were mentioning words like competence, intelligence and discipline. Now the President has come out to say one word: FAVOURITISM.

The OP is very smart, the title is intended to bait all the APC fanatics, and them take them to school on what is and what is not. I have to say it, the Ekiti state govenor nailed it, seriously nailed it. His article was spot on, on the illicit behaviour of the President and his psychedelic party.

jauntty:
King makers



Time to submit list

Which kingmakers, very soon their eyes will become open

This government has all the time in the world to turn their schedule into a free for all week. Anyone can waltz into the Villa to discuss absolutely, nothing important, besides personal requests and dumb horsetrading. Never mind, the fact that our economy is going down the drain. Its all right, its okay, let the Southwest turn governance into one big OWAMBE( no offence).

This government has all the time in the world to turn their schedule into a free for all week. Anyone can waltz into the Villa to discuss absolutely, nothing important, besides personal requests and dumb horsetrading. Never mind, the fact that our economy is going down the drain. Its all right, its okay, let the Southwest turn governance into one big OWAMBE( no offence).

seunmsg:
Great leaders charting the way forward for the country.

The same GREAT leader AKANDE, who after a disappointing result emanated from his attempt to pocket the senate, alongside his life partner, started crying like a baby, to anybody with a microphone. What a leader

I don't know which is more scary. The fact that people are discussing this highly irrelevant topic. Or the fact that the APC believe this is equivalent to communicating to the youths and women.

I don't know which is more scary, the fact that people are discussing this issue or the fact that APC believe this is equivalent to youth and women empowerment.

Kastonkastroll:
look I understand your fears and worries, but at this difficult time where oil price has fallen in the international market by 60%, do you honestly think it will be wise for us to restore liquidity to our currency market, when oil is our number1 source of income?

There is still a debate in the economy world, on if devaluation is the appropriate approach to tackle an economy that is struggling with a sliding currency. This was NOI's gamble, with her influence, she was trying to devalue the currency while still building up our productive capacity in the long run. Right now the plan has been jettisoned, due to the change in leadership, and the ball is in the court of the President and the CBN govenor minus a Finance minister. So far the government doesn't understand the veracity of the situation and is slacking.

mildflame:
Personally U a graduate of INFINTE STUPIDITY must I brag about my MATHS/STATISTIC degree over this topic, its best U disappear into that BLACKHOLE u call Economics n Statistics
NOTE; even lunatics don't quote Wikipedia

A maths/ statistics student who does not know that there is a model for every sector. Who does not know that its the variables ( exogenous and endogenous) that determines the model you would use. I wonder what school you attended. You should ask for a refund. If you want to get a peripheral standard of knowledge of economics, pay into my account and I will school you

Kastonkastroll:
listen to me and listen to me very carefully, JP Morgan can go burn in HELL. Nigeria will always come out strong under the new leadership of buhari.

we will restore liquidity to our currency market WHEN we have successfully diversely diversify our mono-economy(won't probably take two years with a good government in place) and reduce the number of products we import by developing our local markets.... Any further devaluation of our currency(which is what JP Morgan wants us to do) will lead to currency crisis between our naira and dollar. And before we know it, we will start buying 1dollar at the rate of 600naira or more, and fools like you will start pointing accusing fingers at buhari.

Its okay for you to take this lightly, but what is worse is that the President is taking it lightly as well. Let me explain it in the simplest way possible. If we loose our bankability in the global market, we loose the ability to attract funds which we need for our manufacturing sector, which you would need to diversify the sector. No funds, less imported goods, still low volume of exported goods, low liquidity, low demand and supply of goods and money, low savings, low injections, angry Nigerians, civil unrest, COUP.

mildflame:
Maybe U can't but Nigeria can, can U really explain d Economic Module Nigeria operates. What kind of STATISTICS/DATAS do we u use? Are old r these Data n funny enough our inflation index is base on food prices. As for recession have we ever been out of it? JP Morgan Index can't stop d growth of our economy if we imbibe n strictly put POLICIES encouraging DOMESTIC CONSUMPTION n INDUSTRIES

Module /noun/ a unit that can form part of a course of study, especially at a college or university in Britain
In your rush to act like you know what you speak of, you mistook MODULE for MODEL. If you don't know by now, check my past posts, you are talking to a foremost graduate of ECONOMICS AND STATISTICS. You are asking questions about things that are not relevant in this discussion. Go and read up on Macroeconomics and monetary economics before attempting to act like you know what you are saying. Checking wikipedia doesn't make you knowledgeable.

The real headline should have been:
FOUR COMMISSIONERS DUMP THE DEAD APC IN EDO FOR THE PDP
OP, by the time one of the so called "SACKED" commissioners, all of a sudden turns up for the position of deputy Governor in next year's election, as the wingman for a PDP aspirant, your eyes will become clear. Who in Edo, doesn't know that the APC branch in Edo is dead.

Kastonkastroll:
Guy(citizenisb) abeg stop disturbing us with this "JP Morgan delisting Nigeria from its bond index market" nonsense.. It not like we were the ones that begged them to list us in their market in the first place.

You don't expect our CBN to destroy our economy and put Nigerians in a very sticky situation just because we want to satisfy some bloody imperialist market in the west....


mtcheewwww

Kastonkastroll:
Guy(citizenisb) abeg stop disturbing us with this "JP Morgan delisting Nigeria from its bond index market" nonsense.. It not like we were the ones that begged them to list us in their market in the first place.

You don't expect our CBN to destroy our economy and put Nigerians in a very sticky situation just because we want to satisfy some bloody imperialist market in the west....


mtcheewwww

The tears that will flow from your eyes soon will be more salty than the red sea. You can't expect to play in the champions league, win some trophies and then the instant you fail to qualify for the group stages, you claim you don't need champions league. Our listing on the JP Morgan index gave us the prestige and bankability to attract funds from the international market for our indigenous OIL and GAS firms and also our MANUFACTURING SECTOR. Now, 1 question, what do you think would happen to our economy, when we no longer can attract those funds. Let me whisper it to you: CAPITAL FLIGHT will hit an all time high. This in combination with the oil glut, will send our economy into PANIC MODE. And to add to that, the absence of a solid economic team headed by someone who is globally known and with a considerable measure of influence in the economy world, you can expect no viable shock absorber plan to slow the impact.
Now, I hope you see why your eyes will compete with the red sea.

mildflame:
JP Morgan Index Ni JP Morgan Index ko, all these NONSENSE wey GEJ n NGOZI de use deceive us but de please IMF/World BANK.

CHINA RUSSIA n INDIA don't give a 4k abt them, why should Nigeria?
PMB march ON U r on d RIGHT TRACK

Our economy is not like that of China, Russia due to the fact that both of these countries control over 50% of the investment that keeps their market afloat, unlike ours that depends primarily on foreign cash flows. Also savings and injections in both countries is exceptionally high due to the stringent control of their respective governments in relation to demand and supply of money and goods. Also the balance of payments in both nations is on the plus side due to their high exportation rate over importation. Russia and China, both can survive a long spell away from the global market( Russia's economy according to reports, is in a recession, due to economic sanctions), but you and I can't.

It's so funny, that while the CBN and the FG, believe that market liquidity is gaining, the actual truth is that every monetary policy by the CBN, since May 29, has actually decreased liquidity in the markets and the financial institutions, by failing to increase the stock of the cash reserve ratio( the amount of cash the banks and financial institutions are supposed to have, aside that they can borrow to the public), despite the fact that their policies have reduced the amount of cash at hand for the populace. This directive by JP Morgan, and many more to come, will finally send our economy over the edge, thereby leaving the CBN, with no choice than to accede to the President's wishes to turn the pattern of our economy from a capitalist system to a central controlled economy. This will invariably kill Nigeria.

Precisely OP, the President himself, divulged this information to the public. The appointments were made on the criteria of friendship and political gifting, not competence, ability or experience. We should raise a glass to the Media team of the President and the advisors, because they are doing a TERRIBLE job. They just can't get this President to follow the script, when interacting with the press. I pity those who spent sleepless nights holding brief for him and explaining the ridiculous move of appointing an unpopular outsider like Hammed Ali as the CG of customs. PMB, will bury his supporters, with his gaffes and strongarm politics.

Point of correction, Mr President, the characters who now occupy your kitchen cabinet, did not defect due to personal commitment and loyalty, but due to their lack of influence and their unpopularity with the Nigerian political class. If they were offered positions, in the previous administrations, they would have gladly accepted. Also, Loyalty alone is not the requirement for selecting public officials, but also intelligence, competence and experience.

Not only is the party trying to reform its structure, they are also trying to stay true to their new values, of being a party that supports youth and women empowerment. Unlike our new government that believes that development can occur without paying attention to youth and women empowerment, which happens to be a core section of development economics. But instead of applauding them and then demanding for such initiative to be replicated in the APC, some funny characters at the expense of their future, would attempt to criticise this laudable move by the PDP.

On the contrary, it was an unwise move by the GEJ administration, to reverse its policies to a contractionary monetary policy, which saw them attempt to decrease the power of the dollar against the naira with exigent means, but sidestepping the drop in the productive capacity of the nation. You can't bet on a team, lose and then attempt to resist paying your debt. This is why speculators and hedgers control the markets. But the clear difference, between both administrations is that the ex- government had a finance minister who was globally known and had the wherewithal to bargain with the likes of JP. Morgan for palliatives and concessions. Unlike the current administration who has no finance minister or anyone with the right amount of influence to liase with JP. Morgan for an extension to the deadline. So, invariably, this is on the head of PMB, if not for incompetence,then for lackadaisical behaviour

madridguy:
Akinwumi Adesina, ex-Minister of Agriculture, Nigeria. The man performed better than his boss " GEJ ". I am happy that he has gotten the reward for his good job. Meanwhile, GEJ still waiting for his appointment letter from the United Nation....lol

So you believe the class captain can do well, without the help and support of the class teacher. The appointment of Adesina and Arunmah otteh, is a vindication on the performance of the GEJ administration. Also, if the UN decides to reward GEJ with a position in the UN, I hope you won't develop a heart attack.

madridguy:
Akinwumi Adesina, ex-Minister of Agriculture, Nigeria. The man performed better than his boss " GEJ ". I am happy that he has gotten the reward for his good job. Meanwhile, GEJ still waiting for his appointment letter from the United Nation....lol

So you think the class captain can do well, without help and support from the class teacher. The appointment of Adesina is a vindication on GEJ. Also, if tomorrow, GEJ is rewarded with a position in the UN, I hope you won't get s heart attack.

Vello:
Is PSP and its members not part and parcel of Nigeria? Pdp just displayed their empty knowledge of what politics and its mechanism is all about. Buhari is Nigeria President elected on the mandate of majority of Nigeria and pdp is a Nigerian polical party. How is pdp denial define Democracy?
You asked if APC ever displayed gej's portrait in their Secretariat. Why don't you ask pdp or Metuh. He only asked us Nigerians the 'if'question and didn't tell us anything. Read the post again.

Show me where in the constitution, is it provided for an opposition party to tow the same part as public institutions to display the portrait of the President in their secretariats.

Misterdhee1:
Are they trying to say "Buhari isn't acceptable to them as the Lawfully Elected President of the federal Republic of Nigeria"? Metuh and his cohorts must be high on native hemp!

PMB is the leader of APC, which is the rival party to the PDP, so how do you expect them to display the portrait of the leader of a rival party. The big question is did the APC ever display GEJ's portrait while the PDP were in power