₦airaland Forum

mr crackle

stop that cocaine snuffin, plz

or rather shut a f uck out

[size=20pt]shit chatters

this is it

supereagles defend far too deep, that makes tunis look like they are havin a laugh with the ball

now sec half

they need to go forward a lot more, the mid field need to support uche

with more chance, they will win this game[/size]

insha allah

insha jesus!!

super ealges should be 1 nil 1st half but they blew it!!

[size=26pt]nl are we watchin the same match

cuz yall chat too much shit

super eagles play fairly ok, just need to step up a bit

jesssssssssssssssssssssssu christ[/size]

@@@@@@@


what a shame 70% of those properties are owned by indians, and others!!

kenya hahha just looking!

hahhhhhhhhhhhhhhhaaaaaaaaaaaaa


hahhhhhhhhhhhhahaaaaaaaaaaaaaaaaaaa





haaaaaaaaaaaaaaaaaaaaaaaaaa



i don die oooooooooooooooooooo

                                                  hahaaaaaaaaaaaaaaaaahhh ogini hahha walahi hahhhhhhhaaaaaaaaaaa

useless thread!!

funi when people keep sayin yarafool is a gentin wetin

how do u know that

from the newspaper abi

abeg stop all these yeye thread

"

hmmm let then carry on decieving themselves

but one thing ha remember this is a naija property

u can always take that ingenuity and talent to the kenya site

we nigerians like am like dat oooo

but do me a favour always try to stay in a straight line plz; so when push over u wouldnt be actin in such a manner u jusrt did

haterz!! dissappear

bbc ones accredited the ingenuity of Kenyans runner to their early running to school bared footed;100 miles every morning

Kenya stinks!!

no wonder their ulgy mouth runs in the same manner!! ulgy trust!

yes some oduduwa folk are still on lagos-kano rail 419 project

if na lie ask kolo

hahha

caution and delibration i m undertaking eros

bear with me, me clever than u think

before anybody start writing in

^^^^   
why gettin involved in what u dnt know what all about??

hmmm people mennhh

dnt believe everything u see on nl, now thats a peice of advise from me

and what about my reputation?

nawooo

mind u autos section isnt just about buying and selling, well autos around the world i know

well i think they got similar culture but they are both 2 diferent tribe

aloy hmm

asha hmmm

blacksta

ogun state people hmmm ha

lamdi hmm

porthacourt nko hmm

ajegule ni nko hmmm

oshodi small river niger road hmm

anambra nko hmm

jinx in kaduna nko hmm

and tipia how do u know that?

where are the bloody pic for heaven sake

should we phone up Gov Fashola ehuhh

hmm thinkin *******

ha o wel

^^^^

edo no

bayelsea nooooooooooooooooooooooooooo

benin nooooooooooooooooooooooooooooooooooo

i guess so but i bet their culture is almost the same

NIGERIA CONSIDERING ANOTHER LOAN FROM WORLD BANK
Prof. Herbert Eze Monday, June 1, 2009

herberteze@juno.com
Fullerton, CA, USA nigeriaworld

I got upset when I read an article on loan entitled- "Budget deficit- Nigeria considers another loan from World Bank." The article was on Daily Sun Newspaper of Wednesday, May 13 2009, p.49. It appears most of our leaders learn very little or nothing from the past to guide their thought and decision making in this country. How can any right thinking administration in Nigeria be "considering another loan from the World Bank to finance the shortfall in budget revenue" as stated in the paper.


Our terrible experience with past debt

Have we forgotten so soon our terrible experience with Western lenders, IMF, World Bank and their allies? Is it the kind of experience we want to have again after ending a long and agonizing struggle with those financial powers? Thank God for the worldwide Jubilee Movement and its passionate appeal to the shylock creditors on behalf of third world debtors including other activists on the subject. External debt was such a national scourge on Nigeria that President Olusegun Obasanjo said in 2004 that he would volunteer to step down if our debt will be written off…if the downfall of someone is what it takes."


The journey to our total emancipation from past debt

Nigeria's external debt burden of $36 billion dollars came to an end only in 2006 after seven years of worldwide advocacy for debt relief from Paris Club. It is said that Paris Club only talks to countries about debt relief after they would have satisfactorily implemented an IMF strategy. It was for the persuasion on the international finance community to support the home grown National Economic Empowerment and Development Strategy (NEEDS) by Dr. Ngozi Okonjo-Iweala, former Finance Minister in Obasanjo's administration and a former Vice President of World Bank and Mansur Muhtar, Director General of the Debt Management Office, a former World Bank employee, that the journey for our total emancipation from the devastation of external debt began.


According to Daily Independent Online (22/4/06), Nigeria on October 31, 2005 "paid $6 billion arrears of debt it owed Paris Club of creditors and that marked the commencement of the eventual liquidation of the remaining $12.4 billion left of the $36 billion debt after the forgiveness of $18 billion debt, under the Naples Terms."


Sources acquainted with the subject of Nigeria's external debt state that in actual fact Nigeria borrowed less than $10 billion dollars, but due to interest charges and penalty for not paying on schedule, including "penalty for the penalty," it paid $35 billion over 20 years and still owed $30 billion as at 2004 and later $36 billion before receiving the debt forgiveness of $18 billion which helped in our exit from the hell of debt, as it gradually cleared the remaining balance.




The debt conference in Jos

An international conference in Jos held on November 26- 30, 1990 discussed extensively the issue of Nigeria's external debt with recommendations on how to tackle the issue. The conference was hosted by the Institute of Church and Society, the Nigerian branch of World Council of Churches (WCC). Dr John Boer was the Consultant of the Institute and the chief facilitator of the conference. Participants came from various parts of Nigeria, including representatives from East Africa and Europe. Dignitaries who presented papers in the conference include Col. Yohanna Madaki, Prof. Eghosa Osagie, Rev. Luther Cishak, Dr. I. L.Bashir, Prof. Aaron T. Gana, Prof. E. Osagie, Dr. O. Ojowu, Dr. Frances Ojaida, Dr. Matthias Akor, Dr. M.T. Talib, Dr. Jamiu Oluwatoko, Dr. John Boer, Rev. Jephthah k. Gathaka and Rev. Fr. Matthew Kuka. Others present were the Catholic Bishop of Kano, and the Anglican Bishop of Kaduna. The General Secretary of the World Council of Churches was in the occasion. Dr. Emmanuel Kumzhi, Northern Area Coordinator of the Institute of Church and Society including the writer and numerous participants were present. Dr. M.T. Talib, Center for Development Studies, University of Jos, represented the "Voice of Islam" with Dr. Jamiu A. Oluwatoko, National Museum. Both men presented a paper entitled: Islam and the Debt Question in Nigeria.


The subject of Nigeria's external loan/debt became such an issue that the conference spent a whole week on the matter. After discussion on each paper presented, including critical reflections on the debt issue, participants made very important recommendations to guide the government of the day and those in future on the subject of external debt. At the end of the weeklong conference communiqué was issued, and later a book was published which contains the report of the conference. Any administration in Nigeria which considers external loan as a means of solving financial problem will benefit much from the resolutions of the Jos Conference which represents the wishes of Nigerians on the subject.


The external debt book as a guide

Copies of the external debt book were shared out to top government officials and leaders both in Nigeria and abroad including former President Olusegun Obasanjo and ex-President Bill Clinton of USA. The content of the book goes beyond Nigeria's external debt burden to include the crushing debt issue of other Third World countries under the financial trap of IMF, World Bank and their allies. The Jos Conference and its publications helped to set the stage for the Jubilee Worldwide Movement and its passionate appeal to Western creditor nations for total cancellation of the external debt of Third World countries. The corruption factor in Nigeria became the greatest barrier to debt relief as Western creditors noted seriously that except for corruption by our leaders who stole huge sums of public funds and banked them abroad, Nigeria would not have need for debt relief. They insisted that Nigerians should hold such leaders accountable and recover such funds.


The three top-resolutions of the Jos Conference (out of ten) are as follows:


Debt servicing is causing untold hardships on the people. The percentage of debt servicing should be reduced.

Mismanagement of public funds in Nigeria has compounded the problem and needs to be addressed.

The Government should not borrow further. If she does want to, she should first consult the people and the money borrowed must be used productively.

The above resolutions are useful in addressing the present talk by World Bank country Director, Onnoh Ruhl, that "Nigeria is considering another loan from the World Bank to finance the shortfall in budget revenue." The first resolution above noted that debt servicing in our past experience caused untold hardship to the people. Unfortunately, the masses only heard about the debt and suffered the consequences but their opinion was never considered when such decisions for loan were made. From past experience, we need not suffer such hardships that result from loan and external debt again. Our present sufferings are enough, we must not add to it from loan that will be mismanaged by corrupt leaders like in the past.


The second resolution states that mismanagement of public funds in Nigeria compounded the problem of external debt. Until now, corruption in Nigeria has not abated but rather increased. Since we are not better now than then, it simply means that we are only considering another loan from World Bank that will be mismanaged and we will land in another financial bondage with World Bank, their interest charges, "penalty for not paying and penalty for penalty, for penalty for penalty." The third resolution of Jos Conference says: The Government should not borrow further. If she does want to, she should first consult the people and the money borrowed must be used productively. The first sentence in this third resolution should serve as the people's answer to the present Government. Do not borrow further! Stop considering another loan! For any reasons, please don't!


We know better than to consider another loan

It is obvious from the activities of the present administration that the loan will not be used productively. We are yet to see anything this Government is doing productively. Is it the huge financial investment on power that has any productive outcome or that of education and so on? Are we not importing fuel when we have refineries? How functional and productive are these refineries for us to be using scarce foreign exchange to import fuel? What efforts have the present administration made to put them to function including other things that need to function and be productive considering the huge sums of money invested in them.


Going by the first three resolutions of the 1990 Jos Conference on External Debt, Nigeria's consideration for World Bank loan should be discontinued since the present government has no legitimate basis in going for the loan. Let's not add to the sufferings of the Nigerian masses because when the funds are mismanaged and used for the selfish advantage of a few people, it is the masses that suffer the consequences, and the debtor's name is Nigeria, not the people who mismanaged the loan. We have the benefit of hindsight not to do it. We know better than to consider another loan from World Bank. I wonder!

nawoo

hm

fulani culture tough oo hmmm

hump