₦airaland Forum

namiji2598:
it's been 3 months I see light in my house,and I live inside the town of abak..even uyo cannt burst of 16 hours power supply,places like uyo and eket only may burst of 5-10 hours of power, I live in abak which is the third largest city in akwa ibom and it's been more than 3 months I see a blink of light

I only see an Akpabio worshipper in you.
It depends on ur location

Jetrue3oo:
Yorubas,fulanis and igbos are children of pedition, and the descendant of biblical prodigal son

And you are what?

Jetrue3oo:
Foolish animal who no sabi say Yoruba people sabi scatter better things just because of their belle and for money sake animal

I said Shutup

sparog:
That's lovely oh

Yah

Jetrue3oo:
make Yoruba people no go run that place down ooo but they can work as factory workers but not in finance because Yoruba people dey worship money as their God.

SHUT UP... GET SENSE

obailala:
When I see rubbish, I usually pick one of 2 options; speak up or remain silent. That I support one political group over the other does not mean I would see black and call it white, I dont and have never done that.

Ok o.. You are welcome to the crew of enlightened individuals who see the scammer in Aso Rock for what he really is.

sparog:
My father's house is not an industry that will be producing stuffs. Try not to think from your anus before u comment next time

Why do u think most industries that used to be in Nigeria left in the first place, it was partly cos of unstable power supply which adds to their cost of doing business.

Understand before you make a stupid comment next time, don't be unfortunate to mention someone's father even if you don't have a father, respect other people's fathers.

Akwa ibom has at least 18 hrs of power daily due tothe investments the government have made in that regard

maybachmusic:
He forgot there are what we call industrial areas


Governor is smarter than akpabio

He putting jobs right in front of his doorsteps and not sharing money that will finish tomorrow

TRUE MAN.
DON'T MIND ALL THIS AKPABIO GOONS THAT HATE THE GOVERNOR, THEY WANT. HIM TO BE SHARING MONEY THAT WILL NEVER LAST. THEY DON'T SEE THE FUTURE

namiji2598:
Mr udom is a disappointment

Yes he is a disappointment because he no longer shares free money.
Because he is paying for all the monies Akpabio borrowed.

But you forget the new industries he is building in akwa ibom and roads
The companies he is attracting.
Uyo have more than 16hours of power daily.
He renovating and building new hospitals and schools. While sustaining the free education policy with lesser money and more higher debt left by akpabio

namiji2598:
tell me a politician that has not stolen anything, the most important thing is he managed to live some good works behind

Akpabio will go to jail. Nigeria must be better.
If we keep letting politicians who stole us dry off the hook simply because they did some few works, how then can we develop? Akpabio must be jail. Simple!!

obailala:
There's nothing OBJ has said which hasnt been said by Nigerians everyday. Buhari is clearly in a deep coma.

Halleluyah!,
What changed in you.. You no longer support buhari... Why?

Joebie:
Ghana topped their group. The commentator may have been saying that based on were the teams stood in the group at the time their games were in progress.

Ok..thank you

ifiokjohn:
please who is Nigeria playing...Ghana or Cameroon?

been hearing the Commentator saying Consistently that Ghana will be playing Naija.

ifiokjohn:
please who is Nigeria playing...Ghana or Cameroon?

been hearing the Commentator saying Consistently that Ghana will be playing Naija

bingbagbo:
Don't mind him


He is so excited they are not playing Ghana


In football, Nigeria is Ghana's girlfriend

please who is Nigeria playing...Ghana or Cameroon?

Offisteven:
I use to think that lagos is ultimate when I put up close to 13yrs in Lagos, until I relocated to south south where I now know that all this while in Lagos, myself and lagosians have been suffering.

HOW DO YOU MEAN SIR?
and which state in the South did you relocate to?

senatordave1:
Kahal,seems am a prophet.just this morning,i opened a thread on how femi will easily win.i clearly predicted that he has an almost 100% chance of winning with the dimension the race is taking.i calculated that onofiok luke might support him and boom,its happening.i predicted that no less than 20 pdp members will back him.with an outspoken,experienced and a charismatic legislator like luke supporting femi,it us over for the other contestants.femi will win in a landslide.luke is very influential and persuasive,at least he will convince 10 pdp reps to back him.not less than 50 pdp reps may vote him.
Luke may also be setting himself for an influential committee post.tuniski,christiannorth,gandollar,nwanyionitsha,rtsc cc

You will not stop talking now, that is how you deceived APC and Akpabio that they can defeat Udom in Akwa IBOM.
now see where akpabio is!

popplm:
i will love to visit Uyo once again, its averagely beautiful, they have superb food and restaurants. mostly I enjoy the road network in Uyo and the people were so friendly. Expect the fact that Holycity refused to message me and keep my company lols....

Lolz maybe next time you visit they will Massage you... Well i believe the present governor is improving the City beauty.. Yes have always heard about the Super food there.


Can the Road network be compared with the ones with see in Europe and South Africa etc?


Thank you

I am from the South South, Akwa ibom precisely .
let it be known here that we in the South are not gunning for Presidency. our son Jonathan had govern before. so this is the turn of the south east. so it is either an igbo Man become President or the North hold on to Presidency.. we actually don't care



Igbo President or The North keep ruling

popplm:
all of the above

please Sir what is your Honest assessment of the City of Uyo? is it really beautiful as they say or over hyped? how was your stay there? what your expectations for the city? and will you like to visit there again

Please Sir what is your Honest assessment of the City of Uyo?
Is it beautiful as people say? is it safe? is it developing really fast? Did you enjoy your stay there

Please is MJ not Originally Black? how come all his children Look like white Caucasians

Please Update of Akwa ibom state election... i hope Mr Warsaw is gone Finally?

UDOM issa Goal.......where is Mr Senatordave?
Remenbered i told you Sir?
Akwa ibom is PDP and PDP is Akwa ibom

Please Update of Akwa ibom state election i hope Mr Warsaw is gone Finally?

UDOM issa Goal.......where is Mr Senatordave?
Remenbered i told you Sir?

Jerryolumide:
I honestly do not know if it's about Nigeria or not

Ok

jpphilips:

IS BUHARI TRULY RESPONSIBLE FOR OUR ECONOMIC WOES?

A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance?
Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered.

Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock
it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth.

What are the effects of crude shock in oil producing developing economies?

Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession.

Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession.

Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford.
In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation.

Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency.

Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate.
The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy.
Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages.

Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship?

Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone?
The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves,
It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings).

Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS.
This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings.

Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team.


Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $194b in a $156.1b economy (122% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings?

Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself

Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg
They not only devalued their currency, they equally allowed it to float like Nigeria's
Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago.



Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF
https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/

Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016.
https://tradingeconomics.com/angola/unemployment-rate


Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday.
Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously.

Poverty in Angola
According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million.

I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $194b when the going was good, as such its economy was immune to crude shock.

Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014.

Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014.

My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free!

Some even blamed it on Avengers attack of 2016

Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why;
We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock.

If Avengers did not strike, OPEC would have asked us to cut production to boost prices,
read:
https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years

So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels.

Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow?


The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model)

The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018.
This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt.

Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country.

By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently.
This volume if held steady will continue providing liquidity that will surely inflate the economy.

Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model)
https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/

As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own


https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/


We don't need Atiku's stealing to truncate an economic process already in recovery.


In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity.

Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything.

We shall never go back to past governments whose inaction landed us in this mess in the first place.
leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished?

Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners?

Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time.

Fraudulent Leadership that wants to sell 90% of NNPC robbing us of 74% of our forex needs, Leadership that wants to spend $90b annually building infrastructures when Nigeria earns less than $30b annually.

It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works.

In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest.

Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once
bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies?
When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US.

May God help us!!

Watch Peter obi summarize this analysis

https://twitter.com/i/status/1058007016810123264

Trash

Jerryolumide:
I've been having similar dream for awhile now, it still repeated itself on Thursday night... I honestly don't know what it means

Please can you tell me what you see in your dreams about Nigeria

Nuzo1:
As we speak, the young man is not an active politician.

When the army takes over, they will want it to have a civilian outlook. That's when they will call up the young man to serve as the face of the government.

What is coming will overwhelm the army.

Bro please can u tell me more about what GOD revealed to you Concerning Nigeria and our Future

fashrola:
Failed in what aspect exactly?

You are supporting Udom of Pdp? is a miracle o

Dinho20:
What it takes to be a Mother!Your Mother carried you inside of her womb for nine whole months, she felt sick for months with nausea, and then she watched her feet swell and her skin stretch and tear. She struggled to climb stairs, she got breathless quickly and even a simple task like putting her shoes on was a huge struggle for her.She suffered many sleepless nights while you kicked and squirmed inside of her and while you demanded that she scoffed junk at 3am, she then went through EXCRUCIATING PAIN to bring you into this world. She became your nurse, your chef, your maid, your chauffeur, your biggest fan, your teacher, your agony aunt and your best friend. She’s struggled for you, cried over you, fought for you, put herself second for you, hoped the best for you and has driven herself insane with worry for you but never has she asked for anything in return because she loves you and did it all on love alone!Most of us take our Mums for granted but there are people who have lost orhave never even seen theirs. If you have a loving Mother who did all of this for you, you are very lucky, never devalue her worth

Do you also appreciate your Father as you do your mother? if No, then i have nothing to say to this bullshit you wrote up there.
how will you feel as a Father to know your kids love their mother than you?