₦airaland Forum

papi365: U RE MUMU

Young man use your brain and your hands to do something meaningful, leave crime it pays and fulfiling to be a creator

International : Christine Amanpour of CNN
local ; chambalain usoh of channels tv

if only they can meet and plan how to be employer of labour. with your education, you can be the best mechanic operator, car washer operator, run a home maintenace services that you can employ people to wash interlockings, carry out monthly preventive maintenance on household items befor you know you are a millionaire. shit dey smell but shit money sweet well. goverment will not employ everyone, wake up pls.

Deliver dividend of democracy to your people and stop unproductive meetings and politiking

Gorrbachev: thanks, he was not over weight, slim guy. He drank and smoked though.

They can also increase the risk of heart attack

egift: You my friend, is the one "very sup1d".

The Governor have the right to use any route he so desire (Air, land and sea). What right do the Police have to block the Governor's movement? Just don't come he and rant when GEJ start getting a full dose of the wickedness he is cultivating - Nemesis will meet up with him.

GOVERNOR CAN USE YOUR BEDROOM TOO, GO TO CIVILIZED COUNTRIES YOU WILL BE IN THE SAME LINE WITH THE GOVERNOR WATING TO JOIN TRAIN, BUS AND MONORAILS. BUT HERE GOVERNOR ON CONVOY OF 50 CARS, WHAT A SHAME

omaigala: Amnesty isn't what we need, rather, give em jobs.

I THINK THE CALL MIKE MADE FOR AMNESTY TO KIDNAPERS IS SO UNFORTUNATE. TO PLAN AND EXECUTE CRIME AS COMPLEX AS KIDNNAPING IS NOT A SMALL FEAT.
IF THE ACCLAIMED GRADUATE KIDNAPPERS WILL DIVERT THEIR MIND TO SOME MEANINGFUL THAT DOES NOT TAKE MUCH BRAIN WORK AS TO WHAT THEY PUT INTO KIDNAPPING, I BELIEVE THEY WILL MAKE ENDS MEET.
GRADUATES SHOULD BE JOB CREATORS NOT KIDNAPPERS PLEASE.

Eledan: Gradually and steadily ....Lagos is getting brighter at night.....

Anytime I drive in Lagos for the last four days now....I silently curse Olisah Metuh for his statement on BRF.

UYO IS ALWAYS BRIGHT AT NIGHT. LAGOS JUST DEY START.

theoctopus: Great pics Agbameta! I will also add the ones I have.

This is one of the five general hospitals being built!

I like the challenge nairaland have help to generate, this will cause our leaders to work even more, please if you have pictures of places our dear governor Akpabio has not touch just post it, one thing l am so sure of that my great leader is that he will just turn the wind of uncommon transformation to that direction and you will in no time see something befiting. for that skill acquisation center picture posted by you, l can gurantee you that place will have a face lift because my Governor loves challenges like this. I don't know of Fashola.

The policeman that demanded for a bribe of 25,000 naira from a traveller, we all know was from the Lagos police command, The two police women that demanded for bribe from the danfo driver was from the Lagos Police command, The traffic man that beat up that guy for refusing him bribe was from lagos police command, the senseless killings in the name of stray bullet in oshodi was fom lagos command.
All these atrocities were posted here on nairaland. Reading comments from people celebrating failure of POLICE in the name of award show clearly that Nigerians forget things so easily. So sad that we have a long way to go.

By - Porter Stansberry - founder Stansberry & Associates Investment Research

Many Places No Longer Accept the Dollar

For example, the Seattle Times reports that in Mexico, Americans are no longer allowed to exchange more than $1,500 dollars per month.

In India, the country's tourism minister said U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the Taj Mahal. And the U.S. dollar is no longer good anywhere in Cuba.

China is moving in the same direction. The New York Times reports...

"Now, many shops in China no longer accept dollar-based credit cards issued by foreign banks... and foreigners cannot convert American dollars into renminbi beyond a given quota."

Iran, of course, has already moved all of its reserves out of U.S. dollars, and Kuwait de-pegged it's currency from the dollar a few years ago.

And the Chicago Mercantile Exchange (the world's largest futures and commodities exchange board), now accepts gold to settle futures contracts. Until recently, the exchange typically accepted only U.S. treasuries and bonds as payment.

The guys at the Mercantile Exchange obviously see the writing on the wall.

Again, this would have all been completely unthinkable 10 years ago, but today it's a reality. And this trend is going to keep moving incredibly fast.

Just look at the actions taken by smart investors...

Bill Gross, who probably knows as much about currencies and debt as anyone in the world, runs the world's biggest bond fund. He was quoted by Bloomberg not too long ago, saying:

"We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non-dollar currency. That should be on top of the list."

Jim Rogers, one of the world's most successful multi-millionaire investors writes:

"The dollar is not just in decline; it's a mess. If something isn't done soon, I believe the dollar could lose its status as the world's reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we've seen in nearly a century."

I know... you probably still don't believe we can have a complete currency collapse here in the United States. But think about it...

Are we as Americans really immune to the laws of economics and finance?

I don't think so. And I'm not the only one saying this...

The dollar's days as reserve currency are numbered," reports the Financial Times.

And the Wall Street Journal recently ran a headline saying: "Dollar's Reign as World's Main Reserve Currency is Near an End."

I'm sure I don't have to tell you that the Financial Times and the Wall Street Journal are probably the two most respected financial newspapers in the world.

They too see the writing on the wall.

It's obvious to anyone who has studied any economic history.

In every instance, throughout history, where a government has tried to inflate its debts away, it has ended in disaster.

Believe me... it will happen here too.

As Jim Rogers says:

"History teaches us that such imprudent monetary and fiscal behavior has always led to economic disaster."

This is why World Bank president, Robert B. Zoellick, in a speech at the School for Advanced International Studies at Johns Hopkins University, recently said:

"The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency. Looking forward, there will increasingly be other options to the dollar."

And this is why the International Monetary Fund (IMF) recently published a paper calling for a new global world currency.

This is why big U.S. companies like McDonald's and Caterpillar have begun introducing what are called "dim-sum bonds." These are securities denominated in the Chinese currency (the renminbi) by non-Chinese borrowers.

In other words, two of the biggest and most successful corporations in America realize they would have an easier time raising money by offering their bonds in a currency other than the U.S. dollar!

Do you see where this is all heading?

It's no mystery why gold and silver prices have soared since the year 2000.

Yes, gold and silver have both fallen significantly in 2013, but remember... until this year, gold went up for 12 straight years. Even after the recent pull back, gold is still up 356% since the end of the year 2000.

Again, remember... this is all a result of "capital flight." When people no longer trust a particular currency, they look for better and safer alternatives. Over the past twelve years, gold and silver have been much safer and far more profitable then holding U.S. dollars in the bank.

Think about this...

Gold prices have gone up for 12 straight years. No other asset in the world, as far as I know, has had a run like this in recent history. And why, exactly is gold going up?

The #1 reason is because savvy investors around the globe realize the U.S. dollar is no longer a safe store of value.

The point is, it's not a matter of "if" the U.S. dollar will lose its status as the world's reserve currency... it's a process that is already underway. And if, over the next few years, you ignore these basic facts, these basic laws of finance and economics, it will simply destroy you.

Investors, foreign governments, and large corporations know there are serious, serious problems with the U.S. dollar, so they are fleeing to precious metals, which have historically been very reliable when a country has major currency problems.

The good news (at least for those of us who take the time to prepare), is that no matter what happens, I've found several ways for you to protect your savings – and you could even make three to five times your money over the next few years.

I'll show you exactly what to do in a moment. But first let me explain why the collapse of the dollar as the world's reserve currency could happen much sooner than most people expect...
[b]
Many Places No Longer Accept the Dollar

For example, the Seattle Times reports that in Mexico, Americans are no longer allowed to exchange more than $1,500 dollars per month.

In India, the country's tourism minister said U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the Taj Mahal. And the U.S. dollar is no longer good anywhere in Cuba.

China is moving in the same direction. The New York Times reports...

"Now, many shops in China no longer accept dollar-based credit cards issued by foreign banks... and foreigners cannot convert American dollars into renminbi beyond a given quota."

Iran, of course, has already moved all of its reserves out of U.S. dollars, and Kuwait de-pegged it's currency from the dollar a few years ago.

And the Chicago Mercantile Exchange (the world's largest futures and commodities exchange board), now accepts gold to settle futures contracts. Until recently, the exchange typically accepted only U.S. treasuries and bonds as payment.

The guys at the Mercantile Exchange obviously see the writing on the wall.

Again, this would have all been completely unthinkable 10 years ago, but today it's a reality. And this trend is going to keep moving incredibly fast.

Just look at the actions taken by smart investors...

Bill Gross, who probably knows as much about currencies and debt as anyone in the world, runs the world's biggest bond fund. He was quoted by Bloomberg not too long ago, saying:

"We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non-dollar currency. That should be on top of the list."

Jim Rogers, one of the world's most successful multi-millionaire investors writes:

"The dollar is not just in decline; it's a mess. If something isn't done soon, I believe the dollar could lose its status as the world's reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we've seen in nearly a century."

I know... you probably still don't believe we can have a complete currency collapse here in the United States. But think about it...

Are we as Americans really immune to the laws of economics and finance?

I don't think so. And I'm not the only one saying this...

The dollar's days as reserve currency are numbered," reports the Financial Times.

And the Wall Street Journal recently ran a headline saying: "Dollar's Reign as World's Main Reserve Currency is Near an End."

I'm sure I don't have to tell you that the Financial Times and the Wall Street Journal are probably the two most respected financial newspapers in the world.

They too see the writing on the wall.

It's obvious to anyone who has studied any economic history.

In every instance, throughout history, where a government has tried to inflate its debts away, it has ended in disaster.

Believe me... it will happen here too.

As Jim Rogers says:

"History teaches us that such imprudent monetary and fiscal behavior has always led to economic disaster."

This is why World Bank president, Robert B. Zoellick, in a speech at the School for Advanced International Studies at Johns Hopkins University, recently said:

"The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency. Looking forward, there will increasingly be other options to the dollar."

And this is why the International Monetary Fund (IMF) recently published a paper calling for a new global world currency.

This is why big U.S. companies like McDonald's and Caterpillar have begun introducing what are called "dim-sum bonds." These are securities denominated in the Chinese currency (the renminbi) by non-Chinese borrowers.

In other words, two of the biggest and most successful corporations in America realize they would have an easier time raising money by offering their bonds in a currency other than the U.S. dollar!

Do you see where this is all heading?

It's no mystery why gold and silver prices have soared since the year 2000.

Yes, gold and silver have both fallen significantly in 2013, but remember... until this year, gold went up for 12 straight years. Even after the recent pull back, gold is still up 356% since the end of the year 2000.

Again, remember... this is all a result of "capital flight." When people no longer trust a particular currency, they look for better and safer alternatives. Over the past twelve years, gold and silver have been much safer and far more profitable then holding U.S. dollars in the bank.

Think about this...

Gold prices have gone up for 12 straight years. No other asset in the world, as far as I know, has had a run like this in recent history. And why, exactly is gold going up?

The #1 reason is because savvy investors around the globe realize the U.S. dollar is no longer a safe store of value.

The point is, it's not a matter of "if" the U.S. dollar will lose its status as the world's reserve currency... it's a process that is already underway. And if, over the next few years, you ignore these basic facts, these basic laws of finance and economics, it will simply destroy you.

Investors, foreign governments, and large corporations know there are serious, serious problems with the U.S. dollar, so they are fleeing to precious metals, which have historically been very reliable when a country has major currency problems.

The good news (at least for those of us who take the time to prepare), is that no matter what happens, I've found several ways for you to protect your savings – and you could even make three to five times your money over the next few years.

I'll show you exactly what to do in a moment. But first let me explain why the collapse of the dollar as the world's reserve currency could happen much sooner than most people expect...
[/b]
Many Places No Longer Accept the Dollar

For example, the Seattle Times reports that in Mexico, Americans are no longer allowed to exchange more than $1,500 dollars per month.

In India, the country's tourism minister said U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the Taj Mahal. And the U.S. dollar is no longer good anywhere in Cuba.

China is moving in the same direction. The New York Times reports...

"Now, many shops in China no longer accept dollar-based credit cards issued by foreign banks... and foreigners cannot convert American dollars into renminbi beyond a given quota."

Iran, of course, has already moved all of its reserves out of U.S. dollars, and Kuwait de-pegged it's currency from the dollar a few years ago.

And the Chicago Mercantile Exchange (the world's largest futures and commodities exchange board), now accepts gold to settle futures contracts. Until recently, the exchange typically accepted only U.S. treasuries and bonds as payment.

The guys at the Mercantile Exchange obviously see the writing on the wall.

Again, this would have all been completely unthinkable 10 years ago, but today it's a reality. And this trend is going to keep moving incredibly fast.

Just look at the actions taken by smart investors...

Bill Gross, who probably knows as much about currencies and debt as anyone in the world, runs the world's biggest bond fund. He was quoted by Bloomberg not too long ago, saying:

"We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non-dollar currency. That should be on top of the list."

Jim Rogers, one of the world's most successful multi-millionaire investors writes:

"The dollar is not just in decline; it's a mess. If something isn't done soon, I believe the dollar could lose its status as the world's reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we've seen in nearly a century."

I know... you probably still don't believe we can have a complete currency collapse here in the United States. But think about it...

Are we as Americans really immune to the laws of economics and finance?

I don't think so. And I'm not the only one saying this...

The dollar's days as reserve currency are numbered," reports the Financial Times.

And the Wall Street Journal recently ran a headline saying: "Dollar's Reign as World's Main Reserve Currency is Near an End."

I'm sure I don't have to tell you that the Financial Times and the Wall Street Journal are probably the two most respected financial newspapers in the world.

They too see the writing on the wall.

It's obvious to anyone who has studied any economic history.

In every instance, throughout history, where a government has tried to inflate its debts away, it has ended in disaster.

Believe me... it will happen here too.

As Jim Rogers says:

"History teaches us that such imprudent monetary and fiscal behavior has always led to economic disaster."

This is why World Bank president, Robert B. Zoellick, in a speech at the School for Advanced International Studies at Johns Hopkins University, recently said:

"The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency. Looking forward, there will increasingly be other options to the dollar."

And this is why the International Monetary Fund (IMF) recently published a paper calling for a new global world currency.

This is why big U.S. companies like McDonald's and Caterpillar have begun introducing what are called "dim-sum bonds." These are securities denominated in the Chinese currency (the renminbi) by non-Chinese borrowers.

In other words, two of the biggest and most successful corporations in America realize they would have an easier time raising money by offering their bonds in a currency other than the U.S. dollar!

Do you see where this is all heading?

It's no mystery why gold and silver prices have soared since the year 2000.

Yes, gold and silver have both fallen significantly in 2013, but remember... until this year, gold went up for 12 straight years. Even after the recent pull back, gold is still up 356% since the end of the year 2000.

Again, remember... this is all a result of "capital flight." When people no longer trust a particular currency, they look for better and safer alternatives. Over the past twelve years, gold and silver have been much safer and far more profitable then holding U.S. dollars in the bank.

Think about this...

Gold prices have gone up for 12 straight years. No other asset in the world, as far as I know, has had a run like this in recent history. And why, exactly is gold going up?

The #1 reason is because savvy investors around the globe realize the U.S. dollar is no longer a safe store of value.

The point is, it's not a matter of "if" the U.S. dollar will lose its status as the world's reserve currency... it's a process that is already underway. And if, over the next few years, you ignore these basic facts, these basic laws of finance and economics, it will simply destroy you.

Investors, foreign governments, and large corporations know there are serious, serious problems with the U.S. dollar, so they are fleeing to precious metals, which have historically been very reliable when a country has major currency problems.

The good news (at least for those of us who take the time to prepare), is that no matter what happens, I've found several ways for you to protect your savings – and you could even make three to five times your money over the next few years.

I'll show you exactly what to do in a moment. But first let me explain why the collapse of the dollar as the world's reserve currency could happen much sooner than most people expect...

I am a personal Friend to the Great Akpabio Family, Bar Ibanga Akpabio that l know so well can never and will never work against the intrest of our dear Governor Akpabio. so Whoever posted this trash I advice you and your sponsors to go get another lie to sell because this one has fail already. The bond in the Akpabio family is strong and cannot be sacrifice on the alter of politics.

THE Central Bank of Nigeria (CBN) may soon increase the holding of Nigeria's $46 billion foreign reserves in China's currency, the RMB, otherwise known as the Yuan.
Dollars losing it gradually, i want to belive this guy theory.

Going through all the postings on this subject, it is now an established fact that GEJ did not rig the 2011 Elections to his favour that we all majority voted for him. that is honesty and fairness; for that l will vote for him because am sure he will not rig the elections, let all those that sponsored the killings that trail 2011 elections get ready to kill again because in a free and fair elections, GEJ will win again.

The Greatest Danger
America Has Ever Faced?

I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.

Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans.

Again... I say these things as an expert in accounting and financial research.

You may not think things are THAT BAD in the U.S. economy, or that our government spending is not "that bad," and I don't want to overwhelm you with numbers, but consider just one simple fact...
Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have.

Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday.

For a point of reference, consider that in just two months, the government borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America.

That's absolutely incredible, isn't it?

Again, every hour of every single day, we are spending $200 million we don't have.

Does that sound sustainable to you?

Yet, you'll rarely see this fact reported anywhere else.

Normally, I study these kinds of numbers when I'm looking at a business to invest in or to recommend to my readers. But lately I've spent most of my time looking into our national balance sheet, because as the banking system collapsed in 2008... all of the bad debts were absorbed by the world's governments. And it continues to this day.

We began the year 2013 with a net public debt that has more than doubled since the year BEFORE Barack Obama took office. These overwhelming public financial obligations are completely unprecedented in the history of our country, outside of the two major global wars we fought in the 20th century.

But even these incredible figures don't tell the real story. Or even half of it.

Various other government agencies and private companies taken over by the government also have obligations of nearly another $5 trillion. We've already booked complete losses on $140 billion worth of these obligations. Yet they remain completely off the federal balance sheet.

When you add these other, genuine, federal obligations that exist right now, today, you come up with a total debt figure that's much more than $20 trillion. Far more than half of these debts were assumed under President Obama.

We don't know what the full burden of these new and existing debts will be in total, over time.

That's because the Federal Reserves power to manipulate interest rates is unlimited—at least for now that's the case.

We don't know how much of Fannie's and Freddie's bad debts will eventually be covered by the U.S. Treasury. (We do know they have an unlimited line of credit... so it's a safe bet that we haven't seen the last of these charges.) Finally, we have no idea what the eventual costs of the Federal Reserve's ongoing expansion of the monetary base will be over the long term.

There is one thing that's certain, however: these debts will not be free. They will carry a burden.

Today, we have more government debt than any country in the history of the world. We have more debt than every country in the European Union... combined.

With each additional commitment we sink further and further into debt... closing in upon the moment that we can simply no longer afford even the interest payments on our obligations.

And here is the part that really matters... the costs of maintaining our debts are about to skyrocket.

Right now the Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which our government can borrow money is at a record low level. In fact, the Federal Reserve has lowered its benchmark interest rate ten times since August 2007, from 5.25% to a zone between zero and 0.25%. Obviously, the current rate won't last forever.

But what will happen if the average real interest rate ends up being just 4% annually, and we pay it off over 30 years like a mortgage?

Incredibly, we'll spend $34.3 trillion to simply repay what we owe right now. If the rate ends up being 6%, we'll spend $43.1 trillion.

Now, of course, our politicians believe that through policy and currency manipulation, they can simply avoid paying any of these costs. They can order the Federal Reserve to prevent interest rates from ever rising to a level that would cost the American people anything. They believe they can manage the economy, so the debts of Fannie and Freddie won't go bad. They believe (without any proof whatsoever) that they can stimulate the economy by even more deficit spending, so that it grows faster, allowing tax revenues to produce a surplus. Repaying these debts, they say, will be easy and painless.

But you know better, my friend. You must know better. The wages of sin must be paid. And they will be paid.

Just consider the plans of those who argue otherwise...

Paul Krugman, one of the most widely read and respected "economists" in the country wrote about this incredibly naïve and ridiculous solution in a January 7th, 2013 New York Times column. He said:

"There's a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector's items – but that's not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling – while doing no economic harm at all."

Very few people, even our most influential economists, seem to remember that the utility of money and credit are based upon their soundness.

Money allows people to exchange goods and services widely, greatly increasing the specialization of labor and facilitating the economic magic of competitive advantage. Money also plays the critical function of facilitating communications between and among many disparate actors. Price changes guide producers and consumers.

But... when the money can't be trusted... this entire system breaks down. The price signals can't be relied upon. And it becomes harder and harder for people to exchange labor and capital.

Likewise, credit enables an economy to grow by facilitating the growth of savings and capital investment through real interest rates. But very few people are willing to delay consumption and trust their savings in an economy that refuses to pay savers any return above inflation for their savings.

And that's exactly where we are today.

Although to most Americans everything seems calm... and that we are enjoying an economic recovery, I can promise you this:

We are trapped. There is no way out.

And nobody in Washington – not Republicans, not Democrats, and not even Tea Partiers – want you to realize how precarious our government's finances really are. They can't afford for you to understand this dilemma... or what it means.

Because here's the thing...

And this is the big secret the government hopes you never understand...

According to even my most conservative calculations (again, using numbers provided by the Congressional Budget Office) a debt default by the U.S. government would be inevitable – were it not for one simple anomaly...the one thing that has saved the United States so far.

I'm talking about our country's unique ability to simply print more money.

You see, the U.S. government has one very important weapon to use in this crisis so far: We are the only debtor in the world who can legally print U.S. dollars. And the U.S. dollar is what's known as "the world's reserve currency."

The dollar forms the basis of the world's financial system. It is what banks around the world hold in reserve against their loans.

Again, that's a secret most politicians don't understand:

As things stand now, the U.S. government can't go broke in any ordinary sense of the word because it can simply print dollars to pay for its bad debts. (It's been doing so since March of 2009.)

That might sound pretty good at first. Since we can always just print more money, what is there to worry about...?

Well, let me show you...
Why Our Biggest Advantage
is About to Disappear

You see, as things stand today, America is the only country in the world that doesn't have to pay for its imports in a foreign currency.

Here's what I mean...

Let's say you're a German and you want to buy oil from Saudi Arabia. You can't just pay for your oil in German marks (or the new euro currency), because the oil is priced in dollars.

So you have to buy dollars first, then buy your oil.

And that means the value of the German currency is of great importance to the German government. To maintain the value of its currency, Germans must produce at least as much as they consume from around the world...otherwise the value of its currency will begin to fall, causing prices to rise and its standard of living to decline.

But in America...?

We've been able to consume as much as we want without worrying about acquiring the money to pay for it, because our dollars are accepted everywhere around the world. In short, for decades now, we haven't had to produce anything or export anything to get all the dollars we needed to buy all the oil (and other goods) our country required.

All we had to do was borrow and print more money.

And boy did we. Take a look at this chart...



Even as late as the 1970s, America was the world's largest creditor. But by the mid-1980s we'd become a debtor to the world. And since the late 1990s we've been the world's LARGEST debtor.

Today, our government owes more money to more people than anyone else in the world.

With all of these bad debts piling up, we've had to begin repaying our debts by printing trillions of new dollars.

With QE3, the latest round of "quantitative easing," the Fed is now promising to print $85 billion a month. That's over a trillion dollars a year.

And now, finally, the impact of this is being felt in a big way.

As our creditors figure out what's happening, we are beginning to have very, very big problems.

I believe our creditors (which include foreign countries and other investors here and abroad) will either completely stop accepting dollars in repayment... or greatly discount the value of these new dollars. I'm sure you think that sounds crazy, but as I'll show you, it is already happening.

In fact, Zha Xiaogang, a researcher at the Shanghai Institutes for International Studies, recently said:

The shortcomings of the current international monetary system pose a big threat to China's economy."

That's why China is now actively taking steps to phase out the U.S. dollar because of its frustration with the U.S. government's mismanagement of our currency. And how does our government respond? We have the audacity to label China a "currency manipulator!"

Do you see the irony here?

As a result of what our government is doing today, I'm confident we will soon see an end of the U.S. dollar standard.

In fact, I'm 100% sure of it. It's not a matter of "if," but "when." And I think it's going to happen much, much sooner than most people think.

Of course, I'm not the only one saying this. Even some mainstream publications like the New York Post are recognizing the inevitability of this event. The Post recently reported that, "The US dollar is getting perilously close to losing its status as the world's reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm."

And billionaire Ray Dalio of Bridgewater Associates, the largest and best-performing hedge fund in the world, told CNBC that it is "inevitable that the dollar's role as the world's currency will diminish from the dominant world currency to one of a few."

"It will fade probably fairly quickly, so the United States, which accounts for almost two-thirds of the reserves will probably go down to 50 percent of the world's reserves."

Keep in mind, the U.S. dollar has been the world's reserve currency for decades now... so most Americans don't have a clue about what the repercussions are of losing this status.

And maybe you think it could never happen... but the truth is, this is exactly what happens when countries get too far in debt or when they consume too much or produce too little.

In fact, the same thing happened to Great Britain in the 1970s.

OIL IS PRICE IN DOLLARS AND NIGERIA ECONOMY DEPENDS ON OIL, IF DOLLARS GO DOWN CRASHING WHAT HAPPEN TO OUR ECONOMY?

The End of Barack Obama?

A wealthy Maryland journalist (who's neither a Democrat or Republican) has exposed a scandal brewing within the current Administration.

He says it could ruin Obama's entire Presidency... and would also result in some of the most dramatic changes to ordinary American life in more than 50 years.


Dear Fellow American,

Hello. My name is Porter Stansberry.

Fourteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries.

You may know of our firm because of the work we did over the last several years – helping investors avoid the big disasters associated with Wall Street's collapse.

We warned people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, General Motors and dozens of other companies that have since collapsed.

We even helped our subscribers find opportunities to profit from these moves by shorting stocks and buying put options. To my knowledge, no other research firm in the world can match our record of correctly predicting the catastrophe that occurred in 2008, and the rebound that has occurred since then.

The video presentation we created three years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell.

But that's not why I created this follow-up presentation.

I reference our success and experience with Wall Street's latest crisis because we believe there is an even bigger crisis lurking –something that will shake the very foundation of America.

I know that to most people, the situation seems to be getting better. Stocks have recovered nearly all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here's the thing:
The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were five years ago.
And that is why I've spent a significant amount of time and money in the past few months preparing this presentation.

In short, I want to talk about a specific event that will take place in America's very near future... which could actually bring our country and our way of life to a grinding halt.

This looming crisis is related to the financial crisis of 2008... but it is infinitely more dangerous, as I'll explain in this letter.

As this problem comes to a head, I expect there will be a near-complete shut-down of the American economy. Life as we have known it for more than 40 years will essentially cease to exist. Our governments on both the Federal and State level will shut down. Banks will not open. Businesses will at least temporarily shutter their doors. I expect we'll see martial law, enforced by the U.S. military.

Believe me, I don't make this prediction lightly and I have no interest in trying to scare you.

I'm simply following my research to its logical conclusion.

I did the same when I tracked Fannie Mae and Freddie Mac's accounting. Also with General Motors, Lehman Brothers and the rest. And when I began giving this warning in 2006 no one took me very seriously... not at first. Back then, most mainstream commentators just ignored me.

And when I presented my case and exposed the facts at economic conferences, they got angry. They couldn't refute my research... but they weren't ready to accept the enormity of its conclusions either.

That's why, before I go any further, I have to warn you...

What I am going to say is controversial. It will offend many people... Democrats, Republicans, and Tea Partiers, alike. In fact, I've already received dozens of pieces of hate mail.

And... the ideas and solutions I'm going to present might seem somewhat radical to you at first... perhaps even "un-American."

My guess is that, as you read this letter... you'll say: "There's no way this could really happen... not here."

But just remember:

No one believed me four years ago when I said the world's largest mortgage bankers - Fannie Mae and Freddie Mac - would soon go bankrupt.

And no one believed me when I said GM would soon be bankrupt as well... or that the same would happen to General Growth Properties (the biggest owner of mall property in America).

But again, that's exactly what happened.

No one believed me in 2011 when I said the crisis would cause "riots in the streets." Then came the protests in Wisconsin, and the Occupy Wall Street movement all over the country.

And that brings us to today...

The same financial problems I've been tracking from bank to bank and from company to company for the last six years have now found their way into the U.S. Treasury. I'll explain how this came to be. What it means is critically important to you and every American...

The next phase in this crisis will threaten our very way of life.

The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement.

It will change everything about your normal way of life: where you vacation... where you send your kids or grandkids to school... how and where you shop... the way you protect your family and home.

I'll explain how I know these events are about to happen. You can decide for yourself if I'm full of hot air.

As for me, I'm more certain about this looming crisis than I've been about anything else in my life.

I am literally afraid for my family's future, and I have taken drastic steps to prepare for what I know must inevitably happen next.

I know that debts don't just disappear. I know that bailouts have big consequences. And, unlike most of the pundits on TV, I know a lot about finance and accounting.

And this is all coming to a head much, much sooner than most Americans think.

Of course, the most important part of this situation is not what is happening... but rather what you can do about it.

In other words... Will you be prepared when the biggest financial crisis in America in more than 50 years, hits?

Don't worry, I'm not organizing a rally or demonstration. And I've turned down every request to run for political office.

Instead, I want to show you exactly what I'm doing personally, to protect my family, and to protect and perhaps even grow my money, and how you can prepare as well.

You see, I can tell you with near 100% certainty that most Americans will not know what to do when commodity prices – things like milk, bread and gasoline – soar. They won't know what to do when banks close... and their credit cards stop working. Or when they're not allowed to buy gold or foreign currencies. Or when food stamps fail... or their Social Security checks come to a halt.

In short, our way of life in America is about to change – I promise you. In this letter I'll show you exactly what is happening, and why it is inevitable.

Again, you can challenge every single one of my facts and you'll find that I'm right about each allegation I make.

Then, I hope you'll take action for yourself.

Will you act now to protect yourself and your family from the catastrophe that's brewing right now in Washington D.C.?

I hope so. And that's why I wrote this letter.

I'm going to walk you through exactly what I am doing personally, and what you can do as well. I can't promise you'll emerge from this crisis completely unharmed – but I guarantee you'll be a lot better off than people who don't follow these simple steps.

But I'm getting ahead of myself just a bit.

Let me back up and show you in the simplest terms possible what is going on, why I am so concerned, and what I believe will happen in the next 12 months...
to be continue ........ watch out for part 2

WHY THEM NO GO SEIZE YOUR CONCOGTION ENGLISH, CARRYING UROHOBO WORD TO MIX WITH ENGLISH TO FORM ONE RUBBISH WORD THAT SOUNDS BIG TO CONFUSE HAUSA MAN

ANYONE THAT WANT TO BE IN AUTHORITY MUST RESPECT AUTHORITY...... AKPABIO

SIMPLE LAW OF LEADERSHIP

MY GREAT GOVERNOR AKPABIO DON FINISH WORK FOR PDP.
ALL HAIL AKPABIO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

THEY WERE NOT EXPECTED TO BE THERE. SO NA STALE NEWS BE DIS ONE, FIND ANOTHER ONE COME. :oTHEY WERE NOT EXPECTED TO BE THERE. SO NA STALE NEWS BE DIS ONE, FIND ANOTHER ONE COME.

anylove100: all the photos shown above are unimpressive 2/10 deceitful photos,White elephant deceit to score gullible votes for a greater political ambition perhaps the governor aspires to run for presidency someday and with public knowledge of state allocation its only wise to have a little back up to show as evidence of funds expenditure, but i can get a hint of the calibre of people enchanted by such mediocrity,i empathize that such individuals know no better.
Everyone keeps talking about tourism,I want to know when Nigerian families will start building/living in beachfront mansions or picket fenced suburbs like in America and change their mentality.with cooperation and without being scared of jealous people,armed robbers and voodoo .in my opinion i think all this tourist talk is rubbish,it denotes a mental slavery and inferiority complex.why build for strangers instead of for the people?thats the black man's downfall,always trusting and hospitable to their fault instead of copying only the good from developed countries yet retaining positive aspect of their culture like the japanese do.I don't want to hear any ignorant excuses how rome or America wasnt built in a day,I am here to tell you that as soon as people landed in America they began to invent,build and develop outstanding structures(there are vintage pictures to prove that 1770 new york is still millions of times better than modern lagos.)i can show you paintings of 4thcentury italy how better it look compared to abuja.60 bloody years and this is all we can show?something that should take just 4 /5years.the time has arrived for nigerians to say enough is enough,no matter what it takes ,use indigenous companies to construct projects ,Even if they are not perfect for now in 10 years they will, But atleast we'll know we did it ourselves an all black society and be proud of it and such mentality will pass on to younger generations(i'm not saying hate other races,just saying love your race ),line the streets with trees instead of too many street lights ,cloud seeding should be done to blast the often grey clouds revealing deep blue sky instead.create building codes etc those are example of laws .create new courses in high school and teach the kids how beautiful and blessed they are by God for having a dark or brown skin (protection from sun) and teach them to have sympathy on light skin individuals ,tell them its a muted skin defect.teach them about black inventors and astronauts such as George Carver posters in classrooms to encourage and give them confidence and sense of self impossibility.distribute more images of a dark middle eastern Jesus christ,distribute more images of a happy modest black family of 3 or 4 having dinner or picnic etc fill their young brains with images of love and kindness.teach them to know that a black man like them invented the traffic light,teach them about their history such as calabar and benin kingdoms with images that portray a civilized society .teach them etiquette courses on how to live in society,not littering the place etc,refrain from spanking them .most nigerian kids only have an image of blacks as gangster rappers or basketballer,they need to know about african american inventors,physicians,scholars and astronauts 1.Astronaut Leland Melvin 2. Dr Ben Carson ,etc

.Nigerians need to know that America/Canada is a black and white contribution and development and not just whites.i hear nigerians refer to developed countries as white countries,such perception is wrong and must be changed in this generation as this breeds a sense of inferiority in nigerian kids.(continuation)In ancient times kingdoms sent spies to other kingdoms to study secrets of others yet the idiotic nigerian leaders travel to developed countries and still have no clue,how long will nigeria continue to run to white inflated companies? instead of throwing away billions to enrich foreign economies why not train nigerians,love one another. nigerians should promote a modern leisure lifestyle such as going to the beach like americans do in the Carolinas ,Virginia,florida ,california or Hawaii or U.S virgin Islands.build skating rinks at the city beaches,soccer and basketball courts and advertize on tv to younger nigerians .brainwash nigerian kids if you will to develop a habit of skating,going to the beach ,golf course and parks for family picnics ,girls should wear bikini and boys wear shorts with no shirt instead of religious sentiment wearing suite to the beach ,mentality really has to be invested in etc.all these pics look ugly and the roads will go back to its former state cos asphalt is not conducive for nigerian climate.the modern roads technology currently being built in America are built with concrete tarr which can last to even 4000 years old without a single crack. ,nigerians should not settle for less.can you believe a small remote American town or even a ghetto such as Compton or Bronx looks millions of times better than abuja yet those are ghetto according to American standard..perhaps the people who think the pics above are development havent seen any better.the entire place to me looks dirty to the eyes and low standard despite the fact these are professional photos .I have seen real life pics of ordinary people in the city on facebook.the place is far from developed and more has to be done infact everything has to be destroyed,planned and built from scratch.don't you guys know cities such as New York,London,Miami,Seattle etc are bigger than Akwa Ibom?and yet the AKS government cant develop the entire suburb of uyo which is 6 percent of akwa ibom landmass just think about it, not to talk of ITU,ORON,EKET etc.they tarr 5 long major roads only and 7 other long side streets in the entire state and call it Uncommon Transformation yet these are infrastructures that are supposed to be there in the first place,is the government doing the citizens a favour?. branch out of those major tourist roads leading to the resort or theatre and the reality on ground begins,so who is fooling who?I ask.in this day and age can you believe theres no worldclass seaport, ferry(like the ones from (SICILLY to Venice,Italy) or even a bridge from Oron to Calabar because of tribal ignorance?I rate the governor 2/10, This pics are laughable ,5 star hotel my foot,Elibrary my ass,INTERNATIONAL airport first of its kind my ass,Free Education? what a total joke its more like Free Ignorance,dont you know Albany is the capital of New York state? and Carson city is Capital of Nevada ?yet there are other cities more popular like NYC and Las vegas ,tribalism and ignorance wont allowed that in Nigeria,instead of building a seaport and skyscraper business district in Mbo and Ibeno like major cities such as Chicago,Miami etc tribalism wont allow it yet they are all one tribe ibibio,oron,efik,anang-one bloody tribe yet still tribalistic .other developed countries are closing down their old school physical libraries cos of modern internet Library and here we are celebrating mediocrity and foolishness,Nations are building modern glass homes,devicing new strategies for societal problems,and research centres but nigerians love to copy the leftover trends,they think using red bricks to build homes and Ibom connection will automatically turn it into London not knowing that different countries build according to climatic codes,why do you think all those infrastructures in nigeria are hard to maintain and decay in few years.Bad maintenance culture,sand on side of roads,poverty every corner,hypocritical religious bigots,proud and stubborn ignoramuses ,no laws and organization,child hawking etc, dusty low class scenery and you tell me uncommon transformation?you must be deluded my friends,do you know how many worldclass vacation destinations are in Mexico,Greece,croatia,Australia?do you know how many worldclass recreation destinations are in America Alone such as in Myrtle Beach,Orlando,Miami beach,Hawaii,California,U.S virgin islands?and you think they will leave all that to Ibeno,lekki or Bar beach ?dont you know the city of Toronto or Los angeles have more than 30 golf courses each for its residence,yet nigerians love to build resorts and golfcourses for strangers.its high time nigeria be developed for nigerians,only tourist potential are Crossriver national forest ,yankaree game reserve.nigerians should stop waving obudu cattle ranch flag as theres nothing unique or special about it ,do you know millions of Americans own their personal ranches like MJ did?havent you seen american mansions like will smith's sitted on 100 acres in california?yet nigerians marvel at a mediocre Akwa Ibom governors lodge.I have a dream that someday God will rain down Enlightenment and progress on Africa and all blacks and we shall be free from mental slavery and ignorance.

In any sane country people know that looks and persona matters in politics,a president,Governor or Mayor of a city must look good as they are the first impression and representation of their people.Larry Esin would have been a better governor for Akwaibom.Donald Duke would fit such profile as a president ,he would have presented a modern progressive Nigeria,he is handsome,tall,young,good speaker,intelligent,even his name sounds good and he's good performer yet the nigerian curse(Tribalism)wouldnt elect him,they went and elected the total opposite,all you see are illiterate,classless,potbellied puppets as nigerian president and governors again and again and again.theres only one city in Nigeria and that is Lagos yet Lagos is still a mess except some parts of the island which was developed by whites as capital cos of their embassies there recently has been retouched by the mayor of that city ,Abuja like lagos is only nice in areas around the embassies and foreign offices etc,the rest of nigeria is a glorified slum.there should be 5 major world class cities and one capital only instead of everyone wanting to develop their village,building little airports everywhere,why waste money for another so called INTERNATIONAL airport in akwaibom when theres already one needing refurbishing in calabar and airstrip in eket ,and another funny thing is that although the airport is in okobo oron yet they say uyo,that shows the lack of cooperation,tribalism,envy,resentment and disunity despite the fact that most calabar residence are akwa ibom anyway,why not unite instead of divide? there should be only 5 cities 1. Lagos/benin metro 2.Jos 3.Port Harcourt/aba metro 4.Kano 5.calabar/akwa ibom metropolis and everything else in between including villages should be wiped out ,move everyone to the cities,even cemeteries should be refurbished with new cross tombs and flowers .when i travel from jos city to port harcourt city on a 6 lane freeway, all i want to see is vast hilly grasslands with giraffes and palm trees and occasionally gas station etc not some dirty villages,towns and forest and random dirty people and scenery everywhere.I want to see Porthacourt city lights 8 miles away when i'm coming to the city,i want to see a welcome sign detailing the population of that city,I want to see an educated,healthy,tall and fit patrol officer on the toll, not some illiterate,skinny,red eyed officer with oversized uniform.to all those who are in awe of those pictures let me tell you guys a parable,I liken Nigeria to a house that was being flooded by an open tap and the inhabitants kept making progress scooping the water out yet the tap(the source of the flood) was still on,all of their progress was in vain.show me the projects in the photos in 7 years and I will remind you that the calabar airport and stadium,abuja stadium,benin expressway,Nigerian airways etc where once said to be first of its kind in africa.
Everything I have said is my opinion based on observation,sorry i am a perfectionist and critical and I love Justice,fairness,liberty,cooperation,unity and progress thats my political party and nothing else ,everyone has their opinion you don't have to agree with mine,thats it from me,thanks.

[quote][/quote]Re: Uyo - City Of Peace And Beauty (Pictures) by musiwa23: 1:05am On Apr 14
uyo city is base on scam run by ngozi iweala ministry on oil allocation in nigeria.. there are not 70 oil platform in akwa ibom state as claim by the Supreme court of Nigeria..

Akwa ibom state govt went to court with false information claiming it had 70 oil platform. there is no 70 oil platform in akwa ibom state.. there are less than 15 platform.. and even some of them are in cross river state and not akwa ibom state..

so akwa ibom state govt is running a scam on the rest of the nation of Nigeria. that is not fair on majority of Nigeria.. or on cross river state..

What the supreme court need to do is review the case.. And the supreme court fail to visit the place to comfirm if there is 70 oil platform. And the supreme court of Nigeria fall for a scam by the akwa ibom state govt. And I dont even think, if the akwa ibom governor have ever seen 70 Oil platform.. .

This is it.. the Akwa ibom state govt should take the pictures of the 70 oil platform and show it to the whole of Nigeria.. it does not exist.. It was a scam on nairaland which went to the supreme court. because the owners of nairaland are runnning scam.

70 Oil wells not platforms. let me educate you small, Platforms are central points were wells are collated. some platform has 10 wells flowing through it, others might might have 20 ,5, 40 wells flowing through it. wells n platform no b d same

GOVERNOR AKPABIO HAS DONE WELL. IF YOU WANT TO TAKE A TOUR OF UYO PLEASE SEND A TEXT UYO TO 08068429469 location,name and email. You will be invited,acommodation and feeding for 3 days inclusive. The conditions are ; only text no calls, and after the visit you will upload the pictures and tell nairalanders your experience.

I will prefer Egypt. we know how to beat the North African teams and with the problem in Egypt now the first leg might not be played in Cairo

Africa is to send five teams to the world cup, Ten teams have qualified to the next round which is Home and Away bases and away goals rule plays a very Important part. the teams are divided into two pots, POT A has the top five African team in current FIFA ranking while POT B has the teams that are not in the top five in FIFA ranking.Draws will be done by
Teusday 10/09/13. Which team in POT B should the Super Eagles play to qualify for Brazil 2014 World Cup?

POT A
Cote d' Ivoire
Ghana
Algeria
Nigeria
Cape Verde Island


POT B
Ethiopia
Senegal
Bukina Faso
Egypt
Cameroon/Libya (playing today sunday).

Sule Lamido Blasts APC; Says Party Is A "Creation Of Pain And Anger" so when Kwankwaso is saying 'WE' I wonder if he is not talking to himself. let me state here again, Lamido is VOP presidential candidate, Atiku is PDM presidential candidate, Buhari,Tambuwal and Kwankwaso fighting for APC ticket one of them will have it, Jonathan is PDP presidential candidate. use your church mind and figure the winner of 2015 presidential elections.

By Rex Gowar

BUENOS AIRES (Reuters) - World Cup qualification celebrations in Argentina and Colombia were put on hold until at least the next round of South American fixtures after Uruguay eked out a vital 2-1 victory over Peru in Lima on Friday.

Luis Suarez netted twice to keep Uruguay very much in the picture for next year's finals in Brazil as he moved top of the scorers' standings on 10 goals, one more than Argentina's Gonzalo Higuain.

Higuain will not be able to recover the lead in next week's fixtures as he is suspended for group leader Argentina's visit to improved Paraguay in Asuncion, where Lionel Messi's team will be hoping to secure a ticket to Brazil.

Colombia were on target for a first finals appearance in 16 years after their 1-0 home win over Ecuador in a storm-lashed Barranquilla but Suarez's goals mean they need to avoid defeat against Uruguay in Montevideo on Tuesday to advance.

"This match was highly significant statistically... We had to play with that pressure, that anxiety and then all the rest," Colombia coach Jose Pekerman told reporters after his side moved level on 26 points with Argentina.

Pekerman was referring to the kickoff in Barranquilla being delayed for 90 minutes due to a waterlogged pitch and the start of the second half by 20 more minutes when the floodlights failed.

Chile beat Venezuela 3-0 in Santiago to climb above Ecuador into third place, two points behind the leading duo, with a win that severely dented the visitors' hopes of finals qualification for the first time.

"We made a huge step... We're close (to qualifying). The best thing is that we depend only on ourselves, that gives us tranquility," Chile goalkeeper Claudio Bravo said.

.. ..TOP-FIVE SECURED

However, Venezuela (16 points), Peru (14) and even Paraguay (11), who enjoyed a 4-0 rout of Bolivia in Asuncion, could still vie for the playoff berth if Ecuador (21) and Uruguay (19) stumble in the final matches.

"There are nine points still to play for and we must fight... What's changed is that now we don't only depend on ourselves, now we depend on other results," Peru coach Sergio Markarian admitted after his side's defeat.

What Argentina and Colombia have ensured is a place among the top five teams in the nine-nation group since the bottom four can no longer catch them

When the 16-game campaign ends next month, the top four will automatically secure tickets to Brazil while the team finishing fifth will go into a two-legged playoff against either Jordan or Uzbekistan in November for one more berth.

While Colombia´s visit to Uruguay looks harder on paper than Argentina's match in Paraguay, coach Alejandro Sabella's team are short of four first choice players through suspension: Higuain, central defenders Federico Fernandez and Ezerquiel Garay, and holding midfielder Javier Mascherano.

Playmaker Fernando Gago, back from injury, said Argentina should not concern themselves about Paraguay's improvement under new coach Victor Genes, which has seen them score seven goals in two games including a 3-3 friendly draw with Germany.

"We must keep thinking about ourselves first. We have to think about playing our game, as always," he said
http://sports.yahoo.com/news/uruguay-win-keeps-argentina-colombia-waiting-064636072--sow.html

;Dwhoever posted this is right but he did the same mistake that made him fail mathematics in his WASCE. he forgot as always to divide 45,782,261 by 3 that is APC,PDM,VOP. rework your maths the you will have the answer as
Jonathan(PDP) = 22,982,066 APC = 15,260,753 PDM = 15,260,753 VOP = 15,260,753.
those desperate Northern Politician 3 of the can nerver work together quote me anywhere. by april 2015 bring the maths again.


whoever posted this is right but he did the same mistake that made him fail mathematics in his WASCE. he forgot as always to divide 45,782,261 by 3 that is APC,PDM,VOP. rework your maths the you will have the answer as
Jonathan(PDP) = 22,982,066 APC = 15,260,753 PDM = 15,260,753 VOP = 15,260,753.
those desperate Northern Politician 3 of the can nerver work together quote me anywhere. by april 2015 bring the maths again.

If GEJ policies can make Dangote bloom in his business, i think is high thing i embrace the Growing Agricutural business policy of these great Nigerian President. From what i watch in the just concluded 19th economic summit, Nigeria is really on the right path to greatness. just a little continuity is needed, by 2020 we will have a great economy.
Don't sit on the fence again oooo join me.

If GEJ policies can make Dangote bloom in his business, i think is high thing i embrace the Growing Agricutural business policy of these great Nigerian President. From what i watch in the just concluded 19th economic summit, Nigeria is really on the right path to greatness. just a little continuity is needed, by 2020 we will have a great economy.
Don't sit on the fence again oooo join me.

Business mogul, Aliko Dangote, has said that his achievements as the richest man in Africa and 25th richest man on earth was attributable to the favourable policies of the Administration of President Goodluck Jonathan.

Dangote made this known on Thursday night in Nairobi when President Goodluck Jonathan met with the Nigerian community in Kenya.

The News Agency of Nigeria (NAN) reports that the meeting was part of the activities lined-up for the three-day visit of President Jonathan to Kenya which began Thursday.

Dangote who was on the entourage of the President to Kenya told the gathering that Jonathan had done a lot to improve business climate in Nigeria.

``I want to tell you what the President has been doing in Nigeria. He is very humble and may not want to sing about what he has been doing.

``I will tell you what he has been doing to Nigerians and to some of us who are in business in Nigeria.

``We are very grateful for some of the policies he has introduced.

``As you all know, without the good policies of government, there is no way a person like me from the big town like Kano can rise from a humble beginning to become the 25th richest person on earth.

``Without the policies of Mr President and also making sure that yes, there is consistency in the policies of government this could not have happened.

``If Government has bad policies, the whole economy will crumble, and if they have good policies people will be able to prosper, and that is what it is now.

``Today, the company that we started which was worth not more than four million dollars, by the Grace of the Almighty and through the good policies of our government this same company of ours, is now worth 21 billion dollars.

``In December 2003, our production of cement was 1.8 million tonnes, but today in Nigeria, we are producing 28.5 million tonnes and by next year, we are going to have 39 million tonnes.

``You can actually see the massive work and dramatic turn of event,''he said.

Dangote also attributed his success story to the reforms carried out by the Federal Government in the banking sector.

He said the reforms had made it possible for Nigerian banks to be stable and strong and for investors to access huge funds locally at reasonable interest rates to implement projects.

``Mr President has helped quite a lot because, usually, business men in Africa always rely on foreign banks.

``Foreign banks are good, but they will not understand the local issues and problems and the only way out is to strengthen the local banks and that is what his Excellency did.

``Apart from having the banks re-capitalised, when there were issues in the banks, Mr President came in and empowered the banks by making sure he saved them from collapsing and we now have very strong banks.

``Out of the 3.3 billion dollars that we raised, over 90 per cent of the money was raised from the Nigerian Banks and some of them at low rates.

``It is from the banks’ dollar reserves that they gave us 2.8 billion dollar out of the 3.3 billion dollar at 6 per cent interest rate.

``Really, Mr President, you have done quite a lot because, before now, I remembered when we built the cement plant

that we are talking about, at a point, we actually borrowed money and we were paying 42 per cent interest rate.

``From 2004 to 2006, by the time we finished the factory, on interest rate alone, we paid 210 million dollars.

``So this is something that this government has done which really we need to come out and tell the people that this is what our government is doing,’’ he said.

As a result of the success story in cement, Dangite said the President also approved some backward integration policies for Sugar, rice, cassava and palm oil.

He said his conglomerate is investing two billion dollar on sugar manufacturing in the country which will generate about 750,000 jobs.

Dangote said the investment will also see an end to the over 1.8 million tonnes of raw sugar being imported into the country annually.

He disclosed that his group had offered the plump job of setting up and managing the sugar production company to an expert which they lured from the biggest sugar manufacturing company in the East Africa, Ilobo Group.

``Ilobo which is the biggest group of companies and major sugar producer is owned by Kenya, South Africa, Tanzania and Zambia.

``But because of the new policy of government on backward integration for sugar, we had to offer the Managing Director of Ilobo the appointment, and he has resigned from llobo and joined us.

``Base on paper now, not on dividends, the man is the highest paid person in Dangote Group when compared with even myself.

``We did this because of his vast knowledge in the sector and to make sure that we realise our dream for sugar production in Nigeria,’’ he said.

The business mogul also said that his conglomerate is setting up a nine billion dollar petrochemical company in Nigeria that will engage 8,000 Engineers and more than 9,000 other members of staff.

Dangote said that the President had taken more than 40 per cent of members of the economic team from the private sector.

In reiterating the level of empowerment by the Jonathan Administration, Dangote said he was reliably informed by an aircraft manufacturer that Nigeria is now the second highest private jet market in the world after the U.S.

``Without empowerment nobody can afford to go and buy aircraft. This is to tell you how well Nigerians are doing,’’ he said.

Dangote said the Jonathan Administration has also put in place policies of supporting Nigerian companies to invest in other African countries.

He said his conglomerate had invested over four billion dollars in building cement factories outside Nigeria with the assistance of the government.

On insecurity in the country, the business mogul noted that government was trying its best possible to address the problem.

``Today, People talk about insecurity in the country, yes it is true, but there is no country on earth without challenges of insecurity.

``For instance Brazil has 437 billion dollar in reserve compare to Nigeria with only 47 billion dollar, but today, a person like myself cannot walk around in Brazil,'' he said.

``There are more kidnappings in Brazil than in Nigeria.

``It is not that government is not doing anything, government is doing a lot.

``For most of the kidnappings that had taken place, the security officials have been able to rescue the victims unhurt,''the businessman stressed. .

Dangote encouraged the gathering to take the opportunity of the favourable policies of government by coming home to invest. (NAN)