₦airaland Forum

honeric01:
Abeg, stop recommending home base players because you suck at it. you hyped that thankgod before now, you don suddenly lose hope on him? na Anyanwu remain again abi? please stop it.

No mind am. . . . looking at this ThankGod guy, he is at least 8kg overweight. . . and he's probably overaged as well. . . his body is non-responsive.

Infact this friendly is useless. . . I cant see anyone here that we didnt know about.

Once again, NFF decision not to sack Amodu before ANC was our big mistake. Its too late to start looking for players now. We have no more friendlies before the squad is due to be announced.

I hope OBJ will not run away with the money again.

hehehehe. . . na the boys them want take go WC be this. . . make I no talk too much. . . they had the whole ANC to try out new players but they decided to stick with Amodu. . . . lets just say that most of these homebased players on pitch now are desperate. . . and Congo is even worse.

Please, please, please. . . . you can take any of those boys except Vanzekin, Chibuzor Okonkwo and Isaac Promise.

Another reason why we should have hired SiaSia!

If he is going to use SiaSia's team, and do exactly the same thing SiaSia did, then what are we paying him millions for? Who be the maga here?

Basically he wants to follow SiaSia's blueprint. . . then he better get on the phone and start seeking his advice!

So basically, NNPC is to be privatised. . . whats new about this initiative and how does it benefit us?

We might as well put our hope in OANDO then. . . at least they're already privatised, they're a professional operation, they are already operating "beyond our national boundaries" (being largest shareholders of AIM-listed Equator Exploration). . . in other words, there's nothing to write home about Jonathans statement. . . NNPC has nothing to offer except its refineries.

And If NNPC wanna sell their refineries, they should at least get them operative first. Naija is the only country I know that always try to privatise non-functional companies. 

If this is true, Edo State should be under marshall law.

I saw the fight in the House of Assembly last week. . . couldnt stop laughing.

semid4lyfe:
I kinda agree with you on SiaSia but isn't the FACT that SiaSia is of your ethnic stock part of the reasons why you wanted him to be coach?

Stop talking rubbish. . . I never judge people on tribe, only competency. . . SiaSia has been successful in major tournaments, he is not afraid to drop players, his camp is always disciplined, and he has modern ideas.

At least Onovo has some democratic tendencies. . . when is the Army going to follow the Police's lead and court martial the soldiers who massacred the people of Odi?

Brilliant letter. . . your letter is the reason why we should have hired[b] SiaSia [/b] who knows all these things.

4 Play:
@Ibime

You are quite a raving ignoramus. How is the present economic crises down to taxation? Yes, Ireland's low corporation tax was hailed around the world but I'm not aware it has been raised. Greece has virtually double Ireland's corporate tax rate, is Greece any better than Ireland?

Only a foo'l will take a particular period in history as sufficient to judge the quality of an economic philosophy. So after Ireland has enjoyed decades of economic growth, after decades of statist economic policy left Ireland poor compared to the rest of Europe, a few years of recession suddenly means that the economic policy that underpinned the breakneck growth is fatally flawed? Do yourself a favour, go and enlighten yourself a bit more or stick to hip-hop.

PS: Why did you fail to note that Ireland is cutting spending drastically?

hehehehe. . . . I only posted in this thread because I knew you'd be here in a flash. . . . . I remember you harping on about Ireland's low tax rate last year so I said lemme see what 4Play has to say now.  . . anyway, Im just being mischievous.

naijaking1:
Just listen to yourself
A mugu for investing in my own country?

Even if you are investing in your own country, must you reduce yourself to penury in the process? 

FACE:
Everyone knows that the continuous decline of the manufaturing sector is as a result of the inability to compete with the imported goods as a result of the following culprits:

1. No reliable power supply
2. No cheap transportation caused by bad roads and fuel scarcity
3. Lack of security
4. Lack of reliable water supply.

So, I really think you are hitting below the belt when you insinuate that Soludo was to blame in any way for the decline in the manufaturing sector, unless I misunderstood your point.

Nah, Im not hitting below the belt. . . Im showing these lots that under both Soludo and Sanusi, manufacturing was in decline. . . this is in retort to their arguments that Sanusi has not done anything to diversify from 90% oil economy. . . did Soludo?

FACE:
Financing government contracts with bank loans is not useless to the economy. Infact, that's the way it should be.

Lemme disambiguate. . . . they're useless in terms of adding to industrial output. . . they are not new additions to the economy. . .the Govt has added to the economy, the bank has only enabled a businessman to win the contract. . . . these contracts contribution to GDP has already been tabulated under the "Govt Spending" column of GDP. . .  

Whether this contract is carried out by A, B or C, it will be executed on Nigerian soil. Even if Julius Berger execute the contract rather than say Rockson Engineering (who might need a loan), the same amount will be tabulated toward our economy. If Ibime needs a loan to compete with FACE (who doesn't need a loan) for a contract, the loan Ibime received hasnt added anything to the economy.

They havent created anything. . . the Government created.

Contrast with a loan to a manufacturer who is creating actual goods in the economy either for export or for internal consumption.

FACE:
At topic, Sanusi is now calling the shots and he has his supporters and the opposition alike. Even though I prefer bullish financial managers to conservative ones, I would give him the chance to chart the course he wants to follow and to show which direction he is heading to. I am yet to have a strong opinion as to where he is heading and how he plans to get there, but one thing I am sure of is that disparaging Soludo won't take us any where.

Good approach. . .

^^^Mugu, so when did you buy the shares. . . in June 2009?   

What were you doing from Apr 2008 to June 2009 when you must have lost close to 70% of your value?

In January 2009 when your Oceanic share price touched N5, why didnt you complain then?

Naijaking, I am still waiting for your explanation of how it took you 18 months to notice that you were losing money in the stock market. 

debosky:
I don't believe Terry has lost the confidence of the team as yet - the results are making it appear so.

On Desailly I stand!. . . . all this one you dey yarn na mere speuclation and conjecture. . . I would rather believe Desailly cos he got the insider info.

naijaking1:
I'm one of the shareholders who have lost real money, thanks for Sanusi's stupidity, and he will never be forgiven.

hahaha. . . my friend, dont lie to us. . . so it is only in August 2009 that you noticed you had lost money after 18 solid months of bull run under Soludo. . . this is the funniest sh@t I've heard this month. 

naijaking1:
Soludo never had 10 years

What was the marketcap of the NSE All share Index in 2006 and what was the market cap in April 2009.

I will tell you. . . April 2009 was lower than Jan 2006.

Should we laud "boom and bust" policies if they only bring us back to where we originally started?

In that, Im not implying that the consolidation exercise brought the bust, rather the failure of regulation caused the bust.

mikeansy:
Now they are telling us that our economy will stabilise in 10years time and their 'Risk management' will begin to bear fruits in 10years. My personal worry is not whether the economy will stabilise but what it is they want to stabilise. Because you can achieve stability in Niger Republic and can also achieve Stability in UK. The difference is the kind of economy you stabilise.

I will assume you are talking about our (2.) manufacturing sector and our (1.) stock market as opposed to our oil economy.


(1.) OK, so what are the trends in the stockmarket?

https://i46.tinypic.com/vyqd01.jpg


The above shows you that we made no gains from Jan 2006 (consolidation) to April 2009 (Before Sanusi).

This is not due to the failure of consolidation, but the failure of regulation.

Of course, the boom (and subsequent bust) only served to transfer money from the poor to a handful of mega-rich.



Now lets look at the manufacturing sector. . .


(2.) During Soludo's tenure, the rate of growth of manufacturing in Nigeria continued to fall year on year, despite the so-called confidence and loans given out by the banks.

If Sanusi is discouraging lending, what did the lending of banks under the previous regime add to our manufacturing sector?

I posit that those loans were handed out for economically-useless activities such as procurement of Government contracts (which will be carried out anyway, whether or not those loans are given) rather than real industry.

mikeansy:
You have to create an economy first before you risk manage it. otherwise you will have nothing to risk manage. Why Sanusi can not understand this simple concept is shocking. Our economy at the moment is hugely dependent on oil. Until we diversify we will continue to have a volatile economy and no amount of misguided IMF Textbook Risk Management Principles will change much. So the question is how do you diversify if banks are so scared to lend to Enterpreneurs?

Yes, we do suffer from Dutch disease ever since the discovery of oil.


The character of Nigerian banks reflects the nature of the economy, which depends on the importation of semi- and finished goods, the export of raw materials, totally dilapidated infrastructures and an uneducated population. This has meant recurrent unemployment and the attendant mass poverty, which leads to an abysmally low purchasing power. This will be reflected in the rate of activities of the banks and their shareholder/customer base. To expect Nigerian banks to be more advanced than their economy will be daydreaming.

They have never lent to the real economy (under both Soludo and Sanusi) and they will never lend to the real economy until our Government as a whole pull their finger out their arse and attack our infrastructure problems. Nearly 900 companies fled Naija due to poor infrastructure last year alone.

Give these points, I am not concerned with having banks return to their former activities. Yes, I would prefer NSE market cap to only grow by 1% a year, than for them to fluctuate between Niger and UK levels every couple of years.

The growth of the stockmarket between 06 and 08 was a casino built on sand, and until you accept that, of course any return to normalcy will be confidence sapping to you.

I recognised the bubble in 2007 when I was looking for Naija stocks to buy, hence the subsequent dowturn is not disappointing to me. Rather, it was expected.

Such boom and bust indicates to me that the banking industry is a stand-alone industry. . . its value not being drawn from its business activities with other industries, rather its value is based on its casino operations.

Spend money to go and watch Super Chickens. . . . tufiakwa!!!

I done change all ma plans abeg.

Desailly has confirmed my initial fears about Terry/Bridge brouhaha. . . . all those defending Terry could not have understood the implications of messing around with a teammates baby mother. . . Desailly is not a man who talks anyhow, and you better believe he has received this info first hand from the Chelsea players.



http://www.dailymail.co.uk/sport/football/article-1254543/John-Terry-lost-respect-Frank-Lampard-Joe-Cole.html


Shamed John Terry no longer has respect of Frank Lampard and Joe Cole, claims former Chelsea captain Marcel Desailly


Shamed star John Terry has lost all respect from his Chelsea team-mates according to former Stamford Bridge icon Marcel Desailly.

The World Cup winner and former defensive comrade to Terry believes the England international is seriously showing the strain from the fall-out over his affair with Wayne Bridge's ex-girlfriend Vanessa Perroncel and faces a difficult end to the season.

The retired French legend, now a TV pundit, believes Terry's position as captain is in great doubt, claiming the likes of Frank Lampard and Joe Cole are no longer with him.

'The whole squad is affected and has big problems. It will be a hard end to the season,' Desailly told The Sun.

'Knowing John Terry well, I know why he is not playing the way he normally does. He was catastrophic against Inter Milan.

'You have to understand that John is a born leader and captain of this Chelsea side since 2004. Now he has no credibility whatsoever within the club and this is being felt.

Follow the leader: Terry replaced Desailly as Blues skipper - but the Frenchman believes the likes of Frank Lampard and Joe Cole no longer support their captain

'No one is following him. Lampard, Joe Cole and the others who knew Wayne Bridge no longer allow him to be the leader.'
Desailly spent six years at Chelsea before handing over the captaincy to Terry in 2004. But with the ex-England skipper struggling to cope under intense scrutiny, it could only be a matter of time before he is axed by Blues boss Carlo Ancelotti, on current form.





This is only the English players Desailly is talking about. . . what about the French and African players who were always wary of Terry in the first place?

Its a shame we were offered £40m for this punk, and couldnt see the sense to accept the offer.

Eguavoen has no shame. From manager to assistant.

Can he not go and find another managerial job. . . or is he hungry?

I know SiaSia will never accept an assistant job with Naija cos he's a man of principle.

Ireland was the poster child for American Conservatives who pointed to their very low tax rates as evidence that Yankee should keep cutting taxes, regardless of the fact that the Laffer Curve does obey the law of diminishing returns - Ireland obviously crossed that nadir!


Now that the Irish somnambulists have been jolted back to reality and forced to raise taxes to deal with the fall out of the recession, we can see the gains of their low-tax regime being wiped out as companies disinvest in Ireland.

With a deepening deficit due to lower revenues and higher expenditure, it will be a rocky ride back to recovery for the erstwhile Celtic Tiger.

Sanusi needs to protect CBN at all times. . . .that means he should refrain from criticising Soludo, and cover him up if necessary. . . .CBN should be seen as a credible institution, not a institution prone to corruption and laissez faire regulation.


That said, it is not surprising that after consolidation in 2006, it only took 2 years for the banking bubble to burst. . . . this speaks of poor regulation. . . however, Sanusi will be well advised to protect Soludos legacy at all times.

Timipre Sylva deserves it!. . . . I just hope they are not clearing space for Timi Alaibe. . . that would be from the frying pan into the fire.

MrCrackles:
Muswell hill is my stomping ground, respect or i will have the badmen pistol whip ya!

Negro please. . . there's no badmen in Muswell Hill. . . .Bar Loco and The Hill are my regular stomping grounds. . . plus I used to play footie at the Powerleague on the North Circular there. . . Muswell Hill is for hipsters. . . sure aint no badmen there, so stop forcing it.

^^^hehehe. . . A-40 is an idiot. . . he made a raft of substitutions this week, and 8 of them are ineligible next week! . . . by next week, he will be owing FPL 20 points. 

No wonder the nuccas dropping like a stone in the main league. . .how the mighty have fallen. . . . just few weeks ago, he was competing with Gateway!

eldee:
Tubabie is trashing me like God knows what.

@Ibime
You need to stop allowing people to join especially if they've already gathered points before joining.
Come on . . . it's hard for us that are trying to break into the top ten.
I don't know bout u, but I don't like the red arrow jare

Who has joined recently (apart from Terryfic). . . .let me know their names and Ill kick em out.

hahaha. . . A-40, I hope you realise that you only have 5 players eligible for next Gameweek against MEND FC. . . . thats another 3 points in the kitty for me then!

There is no onus on Sanusi to speak on this issue. . .

The tackle itself was nothing special. . . the forces of physics and moments just conspired against Ramsey. . . all in all though, Shawcross is one of the dirtiest players in the Prem and deserves anything thats coming his way.

nateevs:
@Ibime.

All I have to say is unlike you I am standing here giving Chelsea the greatest prospects of winning the title. .
At least this day will serve as a day in history when we distinguished between those that support becos of logic and those that believe.

Your belief is founded on hope rather than expectation. . . the trend of the last 3 months is worrying. . . this trend can only change by changing the style of play or changing the manager. . . I would hate to say I told you so, but I will tell you so at the end of the season. . . .infact I would be more than happy to lose my bet!. . . but the evidence before me tells me that that aint gonna happen!

As for your comments about my support for Chelsea, you should know I am not one of these johnny just come like FBS  . . . I can show you pictures of me supporting Chelsea from the late 1990's!